EURUSD outlook

The money transfer on the 5 minutes and 15 minutes printed yesterday led to the break of structure. Liquidity was taken on device site then price reversed and delivered down. This is smart money concept in action

The money transfer on the 5 minutes and 15 minutes printed yesterday led to the break of structure. Liquidity was taken on device site then price reversed and delivered down. This is smart money concept in action

Price is currently reacting from an order block/supply zone. This zone aligns perfectly for high probability sell setups

Before continuing down price just took internal liquidity. This gives smart money better entry positions for the next leg down

Today is NFP (Non Farm Payroll). Expecting strong USD data.

Stronger jobs data, lower unemployment rate, stronger wage growth. All of these are negative for EURUSD and positive for USD

Price is currently reacting from an order block/supply zone. This zone aligns perfectly for high probability sell setups

location is good but I will still wait for bearish confirmation before selling. If buyers break above that supply zone @ 1.14254 the short idea is invalidated for me

Before continuing down price just took internal liquidity. This gives smart money better entry positions for the next leg down

If NFP comes in stronger than expected, EURUSD drops and liquidity below 1.1360 gets taken

Same here.

I'm taking the shorts because price has taken liquidity and broken structure, also engineered liquidity before tapping into my POI. I'm taking it with my full chest 😂

Market should prove me otherwise if it has to

I see that too, the liquidity sweep only strengthens the sell idea if price now rejects and breaks the recent higher low @ 1.13742 . Otherwise, I will treat it as a failed sweep.

Better wait for NFP so you don't jump into losses because today can take a different shape for traders some can lose while some can win it depends on the direction you took

True sha

NFP can just be reckless for today

That is why you should apply caution a capital protected is better than a capital sourced for, so be careful

That's very correct. A strong NFP could drive EURUSD through 1.1360, but I'd still wait for acceptance below that liquidity before holding a bearish bias.

I will be careful

I'll close out all my trades before the news anyways

That's very correct. A strong NFP could drive EURUSD through 1.1360, but I'd still wait for acceptance below that liquidity before holding a bearish bias.

I have break even on my USDCAD trade but will look closely at the news reaction, because it's a data dependent environment

Let's wait for NFP to release data, until then I'll keep how the sells will go for the mean time

Price is currently reacting from an order block/supply zone. This zone aligns perfectly for high probability sell setups