Morning coffee on Wall Street on 07/19/2023

Hello. Below are some recommendations for trading in the Forex market on 07/19/2023


On the EURUSD pair, we crawled to the upper border of the old Gap and formed a Pin-bar pattern. Tomorrow morning, the news background for the pound and the euro, but it seems to me that we won’t go higher without a correction down. It would be nice to go down in FVG around 1.1074, but the large preponderance of sellers in the statistics of transactions, which does not contribute to a long correction, confuses. Therefore, I will watch the first bells in continuation of purchases just below 1.1181. I don’t consider sales here, but if you wish, of course, you can look for Price Action signals inside the day, the expected downward price movement is good.

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