EURUSD outlook

@nsg_usd - 1 month ago

Price don't protect key levels, it respects them

For price to protect, it means that low must have swept liquidity and broken structure. Example is on the chart

However you put it. At least you get my point though. Will watch to see if it will create double tops at 1.1560 price level, and then invalidate the trendline and for a sell.

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@nsg_usd - 1 month ago

Price is bullish on the higher timeframe

We will still see sells on EURUSD back to 1.1471. just not this week possibly.

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@nsg_usd - 1 month ago

I expect price to sweep the previous low as liquidity and buy from that demand zone

Possibility of still coming back to that level is still there. price is not done yet.

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@nsg_usd - 1 month ago

I'm not after impulsive or strong sells, i want price to retrace to buy from that demand zone

okay. probably during NFP.

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@nsg_usd - 1 month ago

This is what i have on EURUSD

Alright. expect the sells to kick in tomorrow

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@godspowerdan - 1 month ago

You might have to wait till NFP. With the low volume in EURUSD today, tomorrow will possibly start with sells.

Yeah i will have to wait

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@godspowerdan - 1 month ago

Yeah. And there has been low volume today on EURUSD, so tomorrow the sells will likely kick in. Expecting these double highs to form to further validate the sells.

I just hope i get an opportunity

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@godspowerdan - 1 month ago

However you put it. At least you get my point though. Will watch to see if it will create double tops at 1.1560 price level, and then invalidate the trendline and for a sell.

Yeah that will be cool

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@godspowerdan - 1 month ago

We will still see sells on EURUSD back to 1.1471. just not this week possibly.

Maybe, Maybe not but i suspect the buys will hold for hold, cause i'm expecting sells

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@godspowerdan - 1 month ago

Possibility of still coming back to that level is still there. price is not done yet.

Yeah price is not done yet

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@godspowerdan - 1 month ago

okay. probably during NFP.

Yeah that's my expectation

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@godspowerdan - 1 month ago

Alright. expect the sells to kick in tomorrow

Whichever way i want to see an opportunity to join the rally

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@asuquokelvin - 1 month ago

Whatever price doing, i'm not interested for now until it gives a clear direction

On EU the circle point at 1.14997 is the reference level, because once price breaks below there it will confirm a reversal, but on the 4hrs so 4hrs will now be the structure timeframe for the main analysis

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@asuquokelvin - 1 month ago

Yeah i will watch it

The 4hrs is no more the timeframe for directional bias, it's the analysis timeframe now, because it has started showing structure, so to get directional bias straight is to check the daily, then drop to 4hrs and treat it as your analysis timeframe, then 15min as entry

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@asuquokelvin - 1 month ago

Price is still choppy

That's because you are looking at it from a more lower time frame but from the 4 hours right now is actually showing that the retracement is coming in gradually

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@asuquokelvin - 1 month ago

Price hasn't broken the neck line yet

Price couldn't break that neckline yesterday and it even made a more structures above that double top it was trying to form but right now is actually retracing downwards

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@asuquokelvin - 1 month ago

EURUSD- I shared earlier this week that price will likely retest at 1.1505 and continue the buys, instead of dipping down as shown in the charts.

Price don't just protect lows; they protect key levels too.

Price is going to break below those levels because price cannot just start buying from a supply level it must first of all go down into a demand level then buy from there so there must definitely be a pullback to demand even if it doesn't happen now it must happen later

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