Top 3 trade ideas for 23 October 2025
Trade ideas for GBPUSD, EURUSD, and XAUUSD are available today. The ideas expire on 24 October 2025 at 8:00 AM (GMT +3).
GBPUSD trade idea
The GBPUSD price action is forming a reversal bottom. A Morning Star candlestick pattern has emerged at the low, indicating a potential recovery. Further growth is expected; however, due to strong resistance, it is advisable to open positions after a breakout above 1.3371, which will confirm the development of a bullish correction. Despite the corrective nature of the expected upward move, it offers an attractive risk-to-reward ratio for today. Today’s GBPUSD trade idea suggests placing a pending Buy Stop order.
Market sentiment for GBPUSD shows a bearish bias – 83% vs 17%. The risk-to-reward ratio exceeds 1:3. Potential profit is 199 pips at the first take-profit target and 244 pips at the second, while possible losses are limited to 70 pips.
Trading plan
- Entry point: 1.3371
- Target 1: 1.3570
- Target 2: 1.3615
- Stop-Loss: 1.3301
EURUSD trade idea
The medium-term EURUSD forecast remains bearish. The RSI readings are rising, indicating a possible short-term price rebound. While a temporary bullish correction is expected today, the preferred strategy is to sell on price rallies. The key resistance level is located at 1.1610. Today’s EURUSD trade idea suggests placing a pending Sell Limit order.
Market sentiment for EURUSD shows a bearish bias – 74% vs 26%. The risk-to-reward ratio exceeds 1:4. Potential profit is 60 pips at the first take-profit target and 75 pips at the second, with possible losses capped at 16 pips.
Trading plan
- Entry point: 1.1610
- Target 1: 1.1550
- Target 2: 1.1535
- Stop-Loss: 1.1626
XAUUSD trade idea
The decline in XAUUSD prices continues to attract buyers. The medium-term outlook remains bullish despite the deep correction. A Double Top pattern has formed on the chart, with a potential target at 3,974. The preferred strategy is to buy on pullbacks. Today’s XAUUSD trade idea suggests placing a pending Buy Limit order.
Market sentiment for XAUUSD shows a slight bullish bias – 58% vs 42%. The risk-to-reward ratio exceeds 1:2. Potential profit is 25,100 pips at the first take-profit target and 29,500 pips at the second, with possible losses limited to 10,000 pips.
Trading plan
- Entry point: 3,974.00
- Target 1: 4,225.00
- Target 2: 4,269.00
- Stop-Loss: 3,874.00