Several trading ideas for 08/24/2023

Hello. Below are some recommendations when trading in the Forex market on 08/24/2023


/p> gave a reaction after going below level 1, 08333 and formed a Pin Bar pattern. As I said yesterday, I would like to see the growth of 1.1070-1.1080, and I will watch purchases here. The first target is naturally at the upper border of the flat 1.0930, if we pass it, then it is already 1.1070.


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GBPUSD has a similar picture, the price touched the lows and formed a Pin-bar pattern. I am also considering purchases here with the first targets of 1.2818. But if we leave the sideways upwards, then I don’t see any higher targets, except perhaps FVG 1.3000, and then the update of the High level will continue.


On the USDCAD pair, they tried to go higher, but returned to the FVG framework and formed a Pin bar pattern. It seems that we will see a downward correction after all. Targets for sales are the same, the first level is 1.3434 and below 1.3392. I still do not trade this pair, but you can take a closer look at sales.

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