Thoughts on the Forex market on 10/19/2023

Hello. Below are several recommendations for trading on the Forex market on 10/19/2023


A Poglo pattern was formed on the EURUSD pair tion. As expected, the price made a correction slightly above the 1.0580 level and turned down. I'm waiting for the price to continue to fall. The first target is at the last low of 1.0447 and the target below is the level of 1.0392.


Price Action patterns were not formed on Gold. But the price made targets at the highs of 1952.90 and closed lower, leaving a tail. I think you can look for sales here, with the expectation that the price will fall. The first targets can be taken in the middle of FVG 1896.50, and then I would aim for the open gap of 1853.28.


Silver has a beautiful Pin Bar pattern. Here I’m also looking at sales, with the expectation that the downward trend will continue. I think we’ll run through the first FVG from below for sure, because… We already entered it yesterday, so the first goal will be to set the gap around 21.88, and then we will aim at the previous low of 20.67.

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