Hello. Below are several recommendations for trading on the Forex market on 10/25/2023
EURUSD
The EURUSD pair has formed a Rails pattern. The price rose above the high of 1.0639 and, having reacted, returned to the sideways range. As I wrote on Monday, you can try selling here to the area of 1.0494 or to the minimum of 1.0447. I wouldn’t take deeper targets for now; I’m not sure that we’ll continue the downward trend for a long time.
GBPUSD
On steam GBPUSD also Rails pattern. The price moved to FVG 1.2268, removing the highs of the entire last week and giving a downward reaction. Here the range is not so wide, but within the day, during an upward rollback, you can look for sales with targets at the lows of 1.2089 or below 1.2036. For now, I will continue to work within the framework of the sideline, without global goals, and look at the development of the situation.
XAUUSD
Gold for the third day in a row, but the Pin bar pattern cannot be ignored. The price moved below FVG 1962.53, but was unable to gain a foothold. In general, I’m not ready to buy yet, I’ll see how we react to the update of yesterday’s high of 1982.78 if we go there. If we confidently gain a foothold and continue to grow, then I will look at buying with targets at the upper limit of FVG 2008.37.
