EURUSD outlook

EURUSD has already swept the internal range liquidity.

After that liquidity grab, price has started retracing lower.

Now I'm watching one key level:

1.14306

A close below this level would provide stronger confirmation for the sell-side narrative.

I explained this to you yesterday that zone you call buyside liquidity Is valid but price moves from internal range liquidity to external not from external to internal, my map out is that price will sweep just below 1.14306 which it has done, but I won't trade it, because newyork might still open and sweep below again so instead of entering too early I will wait for newyork, but I don't talk about trades like this untill they happen because this is my strategy,so back to the explanation, then after newyork sweep without a break above the entire structure I won't buy , but a break above the whole structure I will buy to the upside

This is the low i'm talking about

Except that break of structure holds that is with a strong momentum and volume, but if not price can still buy upward, check the markings on the image

I get your strategy Sha...

I'll just stick to mine regardless. There's no Holy Grail strategy after all 😅

Price always has a mind of it's own

your reaction zone is too wide, it will expose you to fake moves

Except that break of structure holds that is with a strong momentum and volume, but if not price can still buy upward, check the markings on the image

Price is rejecting quickly from the 15min timeframe

I don't expect price to buy we already have protected highs and the best those old demand zone will do is to facilitate pullbacks

I don't expect price to buy we already have protected highs and the best those old demand zone will do is to facilitate pullbacks

Price has already invalidated my setup I don't know what will happen in EU anymore, I will just watch and do nothing, the London session closed with strong momentum below Asia

EURUSD is already bearish because it has started protecting the highs

EURUSD has already swept the internal range liquidity.

After that liquidity grab, price has started retracing lower.

Now I'm watching one key level:

1.14306

A close below this level would provide stronger confirmation for the sell-side narrative.

EURUSD has ticked all the technical confluences to confirm the bearish bias on the internal timeframe. Overall, I'm still Bearish on the Higher Timeframe like I have reiterated plenty times. unless price invalidates the major resistance zone. Now the internals are beginning to align with the Overall picture way better than before.

Technical Confluences:

✅ Major Resistance Zone Rejection
✅ Head and Shoulders
✅ Bearish Channel
✅ Counter Trendline BnR
✅ Multiple Bearish Engulfs at the Resistance level.

These are all bearish confirmations appearing at one place. That's how I build my Bias and confidence before execution.
Many other confirmations are revealing themselves on other timeframes, but my Confluence principle is always minimum 4.

Let's just wait till 5pm to confirm the sells

Okay. Invalidation of the 1.1480 Resistance Region is what will invalidate the bearish bias for me. The Pattern can be invalidated and new one formed, but If price is still trading below the resistance level, I'll still stay bearish.

If price breaks with strong momentum above that level I will buy Eurusd

A break above 1.14447 is a good reason to consider a bullish bias

EURUSD has ticked all the technical confluences to confirm the bearish bias on the internal timeframe. Overall, I'm still Bearish on the Higher Timeframe like I have reiterated plenty times. unless price invalidates the major resistance zone. Now the internals are beginning to align with the Overall picture way better than before.

Technical Confluences:

✅ Major Resistance Zone Rejection
✅ Head and Shoulders
✅ Bearish Channel
✅ Counter Trendline BnR
✅ Multiple Bearish Engulfs at the Resistance level.

These are all bearish confirmations appearing at one place. That's how I build my Bias and confidence before execution.
Many other confirmations are revealing themselves on other timeframes, but my Confluence principle is always minimum 4.

Still watching its reaction. That's a confluence zone; I won't expect price to break it easily.