EURUSD outlook

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A
@asuquokelvin - 1 hour ago
Quoted - godspowerdan

Yeah the trend was bullish though

Am also seeing a turnaround from the daily bearish level

G
@godspowerdan - 56 minutes ago
Quoted - asuquokelvin

Am also seeing a turnaround from the daily bearish level

yeah price traded into a weekly key level, so price is bound to sell from there

A
@asuquokelvin - 55 minutes ago
Quoted - godspowerdan

Yeah that's what i will want to see before concluding on the sells

The marked low is still protected but I want to sell from the main reversal level that is why I want the sweep to occur first

A
@asuquokelvin - 50 minutes ago
Quoted - godspowerdan

I will wait for price to do what it wants. Price is retracing from that key level

The sells will set in soon but all we need to do is watch for liquidity sweep, especially as the present trading region before price drops

A
@asuquokelvin - 12 minutes ago
Quoted - godspowerdan

The weekly timeframe is currently sitting at a key level.

Price has already shown a strong reaction from this region previously.

If sellers step in here, the next objective could be a deeper retracement into the lower-timeframe structure.

Patience is key.

That daily or weekly supply level is actually a good region, but still we should wait for the sells first and don't rush, because price is trying to be tricky around that region, just hoping it will take out internal range liquidity before dropping lower

A
@asuquokelvin - 9 minutes ago
Quoted - godspowerdan

One thing I don't want to do on EURUSD this week:

Short simply because price is at resistance.

Location gives me interest.

Structure and confirmation give me the trade.

The 4H remains bearish, so I'm watching for price to realign with that direction.

Price aligning with the direction is based on timing, I won't trade untill I see a liquidity sweep during a key time, because the only driver for price is liquidity, if it's not present then it's always hard trading at a particular level

A
@asuquokelvin - 4 minutes ago
Quoted - godspowerdan

The bigger picture matters.

EURUSD pushed higher from the July lows, but that doesn't automatically mean the 4H bearish structure has been completely invalidated.

Price is now approaching a major weekly level.

This is where I want to see what the market actually does—not what I want it to do.

The weekly level though is a good zone where price can sell from but where will buyers set in because for me fundamentals has a strong hold than the technical, we have a fundamental picture it's just to be careful while selling

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