EURUSD outlook

N
@nsg_usd - 1 month ago
Quoted - nsg_usd

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.

EURUSD- Finally invalidated the bullish pullback as it breaks below the trend support and the double bottom. I'll expect the downward push to continue tommorrow.

G
@godspowerdan - 1 month ago
Quoted - nsg_usd

Did you catch the sells? I didn't spot this Bearish Crown early. EURUSD often require indepth analysis i'm not cut out for it's stress.

I didn't want take any trade on EURUSD today because of how confusing and tricky price can be on this pair

N
@nsg_usd - 1 month ago
Quoted - godspowerdan

I didn't want take any trade on EURUSD today because of how confusing and tricky price can be on this pair

EURUSD- Analysis Update.

Price resumes buys after the hard fall yesterday. I'll be expecting a retest of the countertrendline it broke out from yesterday. And also a completion of the classical Crown pattern on the 4hr timeframe.

A
@asuquokelvin - 1 month ago
Quoted - godspowerdan

That first level has failed so the sells continue

Since price has invalidated and couldn't hold the support at the new week opening gap then the sell continues because the invalidation level I marked too with the blue line has been violated, so I will be selling at 1.14270

A
@asuquokelvin - 1 month ago
Quoted - godspowerdan

I'm actually waiting for the pullbacks, if there will be any

EU started making pullbacks already, am targeting that fvg just before 1.14270 for price reactions for me to sell

A
@asuquokelvin - 1 month ago
Quoted - nsg_usd

EURUSD- price didn't give confirmation for the buys i anticipated at the 1.1409 price level. Invalidation of the pattern, confirms price is bearish at the moment.

A failed bullish confirmation is often a stronger signal than the setup itself. I'll be watching for lower highs and continued DXY strength, as that would add conviction to the current bearish EURUSD bias.

A
@asuquokelvin - 1 month ago
Quoted - nsg_usd

okay. weekend gaps are always good trading opportunities as price tends to fill them first before going it's actual direction, just like EURUSD gap attracted the buys, before the sells.

Weekly opening gaps are the real fair value gaps , for Eurusd it was supposed to hold as resistance at first instance but since price was above it then the week opening gap will have automatically become a support if price had closed above 1.14373 yesterday, but since price couldn't it was invalidated which we will use it as resistance today to still trade

G
@godspowerdan - 1 month ago
Quoted - nsg_usd

EURUSD- Finally invalidated the bullish pullback as it breaks below the trend support and the double bottom. I'll expect the downward push to continue tommorrow.

EURUSD is reacting from a key higher-timeframe support level after yesterday's bearish close.

The next move depends on displacement. A strong bullish impulse from this area could signal that buyers are stepping back into the market.

G
@godspowerdan - 1 month ago
Quoted - asuquokelvin

EU started making pullbacks already, am targeting that fvg just before 1.14270 for price reactions for me to sell

I don't trust this sells on EURUSD because price is still in the discount of the selling range. So whatever price is doing, it's just messing with our minds

G
@godspowerdan - 1 month ago
Quoted - godspowerdan

EURUSD is reacting from a key higher-timeframe support level after yesterday's bearish close.

The next move depends on displacement. A strong bullish impulse from this area could signal that buyers are stepping back into the market.

Yesterday's bearish candle swept liquidity into a major demand zone.

Now I'm watching for bullish displacement before considering any long ideas.

Reaction alone isn't enough. Confirmation matters.

G
@godspowerdan - 1 month ago
Quoted - godspowerdan

Yesterday's bearish candle swept liquidity into a major demand zone.

Now I'm watching for bullish displacement before considering any long ideas.

Reaction alone isn't enough. Confirmation matters.

Price has tapped into that daily key level yet. Price will use yesterday's low as liquidity before tapping into the key level, then i'll watch out for reactions at that point.

G
@godspowerdan - 1 month ago
Quoted - godspowerdan

Price has tapped into that daily key level yet. Price will use yesterday's low as liquidity before tapping into the key level, then i'll watch out for reactions at that point.

The market has reached an important decision point.

If buyers can reclaim momentum with strong displacement, today's session could become the beginning of a deeper retracement.

Patience pays.

N
@nsg_usd - 1 month ago
Quoted - godspowerdan

EURUSD is reacting from a key higher-timeframe support level after yesterday's bearish close.

The next move depends on displacement. A strong bullish impulse from this area could signal that buyers are stepping back into the market.

Yeah. But then, I'll just wait for Sells if strong buy momemtum kicks it. Expecting price to consolidate until CPI release today.
If this bullish pattern plays out instead, I'll anticipate the sells at 1.1425. but a break below 1.1377, and I'll still follow up sells for the dowside. Either ways, I'm bearish.

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