EURUSD outlook

Am not concerned on the manipulation and more concerned about my pd array levels, around 38.2 to 23.6 if price action around there doesn't show a bullish reversal when price gets there I will just leave it

That will be achievable today because price is trading at that highs so it's best to terminate every sell reasons except price take out the support marked with the blue line

Yesterday's news sent EURUSD sharply higher, sweeping the protected highs of the recent bearish move.

But one thing stands out...

Price failed to take the external high.

That keeps the bearish narrative alive.

There is no need of thinking of any sells options, price has already break above other highs that were created within that range which I have marked so price is definitely bullish because

1: couldn't break below the external support below the range

2 price has actually broken above the other lower highs it created inside the range

3 price is breaking above the external high

The only point remaining is price to create a good pullback leg to create a higher low

Price has actually reversed after yesterday's news I am waiting for a good pullback base on my fib tool retracement level to look for buys to the upside

Price is trading at the external high level now, so we should be expecting full buying force, because sells options have been exhausted

That's a perfect idea, I have 3 conditions

1. Price should take out the intermediate high that I mark as the external high

2. Price should pullback to the demand zone of that bullish movement

3. Shows a bullish rejection around 23.6 level

Then I will now take the trade base on the rejection reaction that I will see

It will still come-back maybe

I just want to see price start protecting the lows so i can join the buys

We were right because we were following structure until the news was released and that changed the whole direction of price

Although that's true, price is always right we just follow

Adjusted my fib tool again to get a good entry level

EURUSD has officially shifted bullish.

Wednesday's news created a strong expansion that broke market structure to the upside.

Now I'm waiting for a healthy pullback before looking for continuation buys.

The trend has changed.

Instead of chasing price at the highs, I'll let the market retrace into value before considering longs.

Patience pays.

Momentum is bullish.

Structure is bullish.

Now the focus shifts from buying highs to buying retracements.

The best trades rarely come after a huge impulsive candle.

They usually come after the retracement.

That's what I'm waiting for on EURUSD

Buying after a massive rally often means poor risk-to-reward.

I'll let price retrace first, then look for confirmation from demand.

Price has a mind of it's own

EURUSD remains bullish after this week's explosive rally.

I'm not looking to chase price at these highs.

A retracement into demand could provide a much cleaner buying opportunity.

EURUSD remains bullish after this week's explosive rally.

I'm not looking to chase price at these highs.

A retracement into demand could provide a much cleaner buying opportunity.