Core CPI m/m came in light which gave a mixed signal at first but CPI y/y was higher than expected which eventually moved EU lower. The last two analysis that I posted were more longer term focused so this time I will be giving a more short term outlook. Currently the dollar is stronger based on the recent news that has been coming out and because of that I am...
NFP and unemployment rate came out bullish for the dollar which caused that big push to the down side. The job market is still holding well thus we are less likely to see the FED cut rates. Other economic data is still showing that the dollar is weaker against the euro so I'm not going to change my direction bias just yet. Technical analysis also clearly shows...
Still Bullish on EU. No Fundamental or technical reasons to be short. We could have a short term pullback within the daily range to then continue long.. If we get that 4H pullback I will only long after getting a 4H technical confirmation.
Saw a 2H choch last night and today we've kept moving lower creating a new internal range. Going to be waiting for price to shift bullish internally before trying to get into any longs. If I do not see any bullish intention then I will short following the 2H internal structure moving my SL where appropriate I am still bullish on EURUSD but just waiting on...
Took almost two months for us to take April high well done for those who caught the move. This analysis will probably take a lot less time to play out. Friday closed with an inside bar which means you would have to go onto lower timeframes to see which direction makes more sense to go. I have not been given any reason fundamentally or technically to be bearish...
Price reached the area of interest I marked out a couple weeks back and is currently showing a very good reaction. I do not have any sort of entry as of yet as I am waiting for a 2 Hour internal shift. Once I see that shift I will wait for a pullback and then entry into a long trade targeting the high. All the best and have a good week
Last week we printed a valid pullback candle on the weekly chart. That means at any moment with proper validation on the lower timeframe we can continue going higher from here. A higher probability setup is for price to pullback deeper into the imbalance or order block to then continue going higher. If lower time frames do not show any intention of giving a...
Wednesday finally gave us a candle that I can consider a pullback on the daily. It broke the last candle (that wasn't an inside bar) low without taking the high. Now the only question is are we going to continue going up or will we pull back further possibly into the untapped imbalance or the order block before going up targeting the daily high. There is also an...
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...