EURUSD outlook

That's basically where I sold from. I'm out of the sells though. Not comfortable with the drama. will wait for it to break below 1.1390 or just watch for re-entries at your POI.

I'm tired of it. I'm out. Will look for another setup. There are dramas that are worth my patience, not this one.

I have deleted my order already, I cannot risk price going to my entry from there. It should rather break below before going back up

I share the same bias while that structure remains intact. As long as EURUSD continues respecting lower highs and producing bearish displacement after pullbacks, I'd expect price to keep seeking the external liquidity below. A clear break of structure with strong bullish follow-through above 1.14221 would be the first sign to reassess that outlook.

Cool. We'll be watching it then. let's see its next intentions.

The sells will continue no doubt but price may want to manipulate both sellers and buyers.

Price may use POI 1 as inducement to sell from the supply zone higher. Price often does this when it takes out a strong or protected low/high. So price may induce the recent strong high to sell from the previous high.

Price should just keep selling

I don't know why it's moving so slow

It's safer to follow what is seen on the chart.

Price should break below the current lower low before retracing up again, that's why I deleted my order because of it goes up from there, that sells might as well be invalidated

I wasn't triggered on EU. I have deleted my order already

Yes you're right

If price takes out a protected high, it may signal a change in direction

You have to choose what you're patient with wisely though. Not all trade setups are worth some level of patience. cut your losses and move on to another opportunity.

This one is delaying because of this zone too. I'm out of it but will look for re-entries if need be.

True 💯

Patience backed with confidence

That's because there's low volume, and EURGBP is going upwards, so it's strength cuts across but Gu is selling very well, and if you check EA it also going up so EUR is just strong for now, that's why dollar is finding it hard to push it more downwards

I am just saying that I will consider sells untill if any trend change occurs then I will consider buys maybe the fundamentals have start playing out, but for now sells all the way

Price action is not clear on Eurusd because both the EUR and dollar are fighting for strength you don't trade a strong pair with a more stronger pair , you trade a weak pair with a more stronger pair so you can get a perfect result, that is why the 1hr chart is looking as if that double bottom will hold, but the only validation to continue is if price close below it

Better to delete your order and reassess the level so you don't take a wrong trade, you look forward to trade only high probability like I said a validation to continue sells is when the 1hr timeframe double bottom low is taken

It was good you removed your order because price is heading to the protected high at 1.14280 if price takes it out I will look for retracement down to a discount level of the upward leg then continue the trend