EURUSD has been extremely bullish for the past few weeks and broke through some seemingly strong areas but in hindsight we see that fundamentals over powered technical areas. I see two ways of EU continuing it's upward move and that is to just continue pushing up at the start of the week or pullback into the FVG or Order block then after some sort of lower time...
This is my outlook for the week. Current price action is extremely bullish and judging from the fundamentals and tariff news it might stay this way for some time. On the technical side we are reacting from a monthly and weekly bearish order block but without a bearish BOS on the 4h, which also aligns with a bearish change of character on the weekly, I will still...
Just a small update on my long setup. Last week we closed below the previous week's low without taking the high and that's all I need to consider it a valid pullback. This week onwards I would expect price to eventually continue going higher towards that the weekly liquidity. On the daily timeframe we can either start going higher following lower time frame...
Daily internal shift to the downside on EU. Expecting to see a bit of a pullback this week, then the following week onwards would expect price to continue move to the up side.
Price has pulled back into a decent selling area base on my last analysis. The thing to keep in mind now is CPI. Yesterday during Powell's testimony he said "If the economy remains strong and inflation does not continue to move sustainably toward two percent, we can maintain policy restraint for longer" Basically all eyes are on CPI at the moment. We had NFP...
The last setup I posted was bullish and did give a good reaction that I took as confirmation however the trade did not play out. This then caused a bearish choch on the daily and price has since pulled back and is now showing bearish structure. Both swing and internal structure on the 4H timeframe and above are bearish so that is the direction I'm following right...
The two major news events have come and gone and the long setup on EU is not only still valid but we have gotten confirmation with a bullish choch I'm looking for price to react bullish on the lower timeframe from the fair value gap or the 2H OB. This is to get the best possible entry with a relatively smaller SL. There is always a chance that the setup won't...
We had a nice move to the upside yesterday following a shift on the 1H timeframe, Hope some of you were able to catch the move to the upside. If not there is another setup that I am looking at. This is a swing setup and if played out I expect for TP to be hit within the week. The main thing to keep in mind is that we have interest rate decisions for both the...
Good morning ladies and gentlemen hope you had a wonderful weekend. We start off the week with this setup on EU which I see four possible outcomes. I would prefer seeing a deeper pullback into the 50% first before we start seeing bullish action but if that does not happen I will flow with the market towards the high. We have three key areas to look for...
On the daily we had a choch on Wednesday and a continuation on Friday. Internal structure on the daily is bullish. There is a good chance that we continue higher next week targeting the daily swing high. The black like shows simple market structure going towards the target. However if there is a bearish choch and internal structure remains bearish I will target...
A very simple setup on EU. We have two liquidity points being the Weekly high and low which currently have about an equal chance of being taken. Currently structure on the 1H is bearish and will be looking to short targeting the weekly low. If price starts to give bullish structure then the weekly high will be my target. Strict risk management is key to getting...
Currently approaching a nice area of interest. Although I am overall short EURUSD doesn't mean I can't look for intraday trades to capitalise on the moves in between. 2H internal is bullish so I am waiting for the 15 min to align with the higher time frame a take a long trade targeting the 2H high. If price breaks below this area I will have to re-evaluate and...
Following up on the guide that I posted on the weekly timeframe, internal price action on the 2H is bullish and we are currently at the OB which supports the first outcome. Price could continue down without giving us a bearish choch which is a 50/50 trade IMO. I would prefer to see a bearish choch first to increase its probability of holding. If we break above...
Following up on the guide that I posted on the weekly timeframe, internal price action on the 2H is bullish and we are currently at the OB which supports the first outcome. Price could continue down without giving us a bearish choch which is a 50/50 trade IMO. I would prefer to see a bearish choch first to increase its probability of holding. If we break above...
We have a decent weekly range to work with of just over 230 pips. First setup is for price to pullback a bit higher without breaking the previous weeks high targeting the low Price could also take the previous weeks high for a deeper pullback then wait for price to bearish confirmation to target the low. This setup would take slightly longer to play out than the...
Price did not go into the order block marked out but that is alright. Price broke the 2H high creating a new range then broke below giving a signal that price wants to continue lower. Expecting that price will continue going lower from the fair value gap or from the order block marked out.
The two red lines are less probable and the black lines are the higher probability outcomes in my opinion. We are in a bearish range on the 2H and are in a pullback phase. Waiting till price gets in the OB and gives a choch for confirmation to continue short.
After a very deep pullback price has shown some bullishness on the 1H. I will be looking for lower timeframe entry as usual and targeting the High of the range. There is Services PMI data tomorrow which will give us more information on the state of the labor market for the US. Given the US has a large service sector this data will be very important. Not making...