EURUSD outlook

Look at that new week opening gap and use it as your confluence, price often uses it as resistance or support that's my approach to the weeks trading an invalidation of the weekly opening gap I will take the opposite direction but if price respects it I will trade from it , price action is becoming clear , for the dxy i want to see price breaks below 100.688 and then I will sell on retracement to the blue line I marked at the top of that bearish leg

EURUSD- This is the skeletal framework of what price has been doing. That's a simple Impulse and correction phase. Price is continuing the Buys you where expecting last week.

Sorry man

EURUSD is just giving mixed signals. I'll just allow it for the main time

Okay i can see the levels now. I want to see how price will react from that zone marked with a rectangle

Please can you show the levels on the chart

That will be a confirmation to look out for

You know EU follows DXY, they are negatively correlated

I have seen it perfect, I want it to hold above the new week opening gap for me to get my full confirmation, price action although is becoming clear, dxy is doing same at the moment but my confirmation is that hold above NWOG so I can buy on pull backs, untill then I will wait

Alright. The NDOG(red circle) also confluences with my Trading Strategy. a very fine high probability setup.

That's not NDOG that's NWOG, also looking at it closely but price is gradually rejecting 1.14373, and it's giving me a weak signal I want price to hold the level strong because if it doesn't then that NWOG can't hold as a strong support, the first level i marked with the blue line is the invalidation, if price breaks below it then i will go for more sells

Loses are inevitable, but with a new plan I wish to hit it big on confirm setup, I will look continuously for good setups, won't chase the move will just trade it carefully

Price is gradually rejecting it from the 1hr timeframe but let's just hope by 2pm price will stay above that entire level I marked so we can confirm a bullish flow from the 1hr to 4hr timeframe

The levels with the blue line is what I was talking about

I know correlation very well, in fact that's not a problem for me I just want price to hold above the new week opening gap

Is there a difference between NWOG and NDOG on a monday?

Price is still showing sign of weakness but I'm not trusting it

Yeah I can see them now

Let's just see how price will play out today

Yes, new week opening gap is Friday close and Sunday open, while NDOG is Sunday close and Monday open, take for example the gold chart the NWOG is the blue shape I marked, but there was no visible jump even as little in Sunday close and Monday open, so it's different

That's not NDOG that's NWOG, also looking at it closely but price is gradually rejecting 1.14373, and it's giving me a weak signal I want price to hold the level strong because if it doesn't then that NWOG can't hold as a strong support, the first level i marked with the blue line is the invalidation, if price breaks below it then i will go for more sells

Let's see how price will react today. I want to observe how price will react from this level i marked

Exactly what I anticipated, because if price doesn't hold strong at that level it means price will still fall