EURUSD outlook

One of the biggest lessons from this EURUSD move:

A bearish setup can become invalid without the market needing to give you a perfect reversal pattern.

Once price swept the weak low and began breaking bullish structure, the bearish narrative started losing its validity.

Structure comes first.

I'm watching the protected low very closely.

Why?

Because that's the level that tells me whether this bullish expansion is still healthy.

If price continues making higher highs while that low remains protected, buyers remain in control.

If the low gets taken, I'll reassess.

I'm watching the protected low very closely.

Why?

Because that's the level that tells me whether this bullish expansion is still healthy.

If price continues making higher highs while that low remains protected, buyers remain in control.

If the low gets taken, I'll reassess.

I'm watching the protected low very closely.

Why?

Because that's the level that tells me whether this bullish expansion is still healthy.

If price continues making higher highs while that low remains protected, buyers remain in control.

If the low gets taken, I'll reassess.

EURUSD update:

The market shifted from bearish to bullish.

Weak lows were swept.

Bullish structure formed.

The previous external high has now been taken.

Price is currently pushing into higher-timeframe supply.

Bullish until structure says otherwise.

The next move will tell us whether this is genuine continuation or the beginning of another reversal.

That is because price just dropped down to sweep liquidity at the box area

EURUSD update:

The market shifted from bearish to bullish.

Weak lows were swept.

Bullish structure formed.

The previous external high has now been taken.

Price is currently pushing into higher-timeframe supply.

Bullish until structure says otherwise.

The next move will tell us whether this is genuine continuation or the beginning of another reversal.

Yeah

I will wait for price to give me opportunity to join the buys

I'll be looking at joining the buy continuations on EURUSD. Entry 1.1584 but on confirmation, with SL at 1.1576. price is still confined to an intraday bullish channel.

on EURUSD- looking at the retest of Friday's high at 1.1585 to join the buys, except it breaks below and invalidates the bullish channel on 1hr.

I suspect price will retrace deeper than that which means it may break that bearish channel

Price is beginning to consolidate above the high @1.1585.

I suspect price will retrace deeper than that which means it may break that bearish channel

Clean setup

I'll allow price retrace deeper

EURUSD is showing why I don't like forcing a bias.

Earlier, the market was bearish from higher-timeframe supply.

Price eventually swept the weak low and shifted bullish.

The market doesn't care about our previous bias.

When structure changes, the bias changes.

It's best to follow the daily structural bias most times

Once you enter the market with a bias, you are already setting yourself up for a loss. They are too many factors affecting price action and your bias is just one in a thousand. Even if you have a bullish bias the market can choose to fall 50 pips before turning bullish, so if you are not sufficiently funded you will get stopped out. That's why for me I only trade what I am seeing on the lower time frame.

This is insightful, but the Lower timeframe is often believed to be noisy. How do you navigate it easily with fast price movements?

If price invalidates the bearish trendline, then the buys will push to 1.1610 possibly, before we see those retracement sells.

EURUSD BUY

Entry: 1.16692

SL: 1.16570

TP: 1.17062