EURUSD outlook

What do you mean by "printed a protected high" ?

At first I was seeing a buy possibility on eurusd but didn't know that price won't respect that Asian low after reversing back into it at 1.13511 so I entered a buy at 1.13553 and I was stopped out at 1.13378 , waiting for a confirmation by newyork session

I mean price has swept liquidity and broken structure (BOS) to the downside

You can look at the chart below 👇👇👇

EURUSD swept the high at 1.13488 and tapped into that order block. Price should be dropping from there.

Watch out for the next selling opportunity on EURUSD

I'm expecting EURUSD to fall dip into the 1.12102 key level. That sell will worth some pips, don't snooze on it.

I'm taking the sells from there, Price should be nice.

I'm taking profit at 1.12102

Took a loss on that trade so quickly. It's obvious price wants to trade deeper into the premium.

I'll still look out on what price is doing

Most times market does this

No need to panic because market will always do what it wants to do regardless of your strategy. That's why the only thing that's Holy Grail in trading is you

After taking that loss on EURUSD yesterday, price traded deeper into premium, engineered liquidity, then on going back take out that liquidity to continue the sells, a money transfer was printed. So I'll be looking out for buys instead of sells.

Take a look at the chart

Now what is a money transfer?

Money transfer occurs when wealth is effectively transferred from uninformed traders to informed participants.

Institutions don't simply buy or sell randomly. They need liquidity to enter ans exit large positions.

This happens for both bullish and bearish scenarios.

The chart here shows that we have a bullish move where price swept liquidity and broke structure (Bos) to the upside, then on retracing, it swept liquidity and broke structure to the downside making that it's recent structure. And price will always respect recent structure except for few cases where market will go wild.

That's why most times traders will take a clean trade and all the see is view once profit, that's because their poi is invalidated by a money transfer.

SMC traders don't ask: "where can I buy?"

They ask: "where are traders likely to be wrong?"

Because money is often transferred at the point where the majority becomes convinced of the wrong narrative.

The market is essentially a continuous auction moving liquidity from weak hands to string hands, and understanding that process is at the core of advanced SMC trading.

Initially on this Gold setup I was Bullish, I had a buy setup but I immediately switched to sells as I saw that a money transfer was printed. And the buys I had would have been a loss if I took it.

Money transfer fails too. Remember there's no Holy Grail strategy or concept in trading

This is another live example on GBPUSD.

There's a possibility of that external high taken as liquidity.

Still watching what price price is up to

If price gets to that demand from there, the demand will fail because of money transfer. And DXY is negatively correlated to EURUSD which means if that demand fails, EURUSD will be bullish and the retracement/correction move will resume

Price has finally manipulated that demand zone.

DXY should resume the retracement move. Expect reverse direction on EURUSD

Finally the external high is taken, which means we should be seeing buys coming in

Even GBPUSD has printed the same thing on the chart. It's definitely time to start buying