Several trading ideas for 29.05.2026
Hello. Below are several recommendations for trading on the Forex market for 29.05.2026
EURUSD
On EURUSD, the pair moved around the 1,1627 level for a long time and today, after a downward impulse, formed a Pin Bar pattern. It would be good to update last week's low of 1,1576, but overall I think we can count on continued price growth here. At least for an upward correction and to look at buys. As for buy targets, I will not look too far for now; the first can be taken at the 50% level of 1,1702, and then at the high of 1,1796. I am not considering sales here yet.
GBPUSD
On GBPUSD, a Pin Bar pattern was also formed from the old 1,3380 level. In previous reviews I wrote about selling this pair; the scenario is canceled. I will probably try to reverse into buys here, expecting a good move toward the highs of 1,3658. I hope the market starts moving and gives a good upward impulse.
XAUUSD
Gold also has a Pin Bar pattern. The price stood at the 4500,00 level for a very long time and today returned to it again. In one of the previous reviews I wrote that I was waiting for the main upward movement, and perhaps this moment has come and it is worth looking at buys. Intraday, on pullbacks, I will look for Price Action signals for buys. I will look at buy targets at the highs of 4377,88 and 4891,02. But it is also worth paying attention to the top of the sideways range of recent days, 4589,12, and watching the price reaction. There is a chance that we will get another stop there and remain in the range around 4500,00.
Sincerely, Artem aka TeaDrinker