Market Analysis

USDCHF is a good example of why I don't want to chase bullish markets.

The market already expanded significantly higher.

Instead of buying at premium prices, I'm waiting for price to retrace toward 0.80772, where the risk-to-reward becomes much more attractive.

USDCHF BUY

Entry: 0.80772

SL: 0.80657

TP: 0.81567

R:R: ~1:6.9

The weak high is my target. The strong low defines my risk.

USDCHF- I'll be looking for sells when price invalidates the price level at 0.8080

I'll be looking out for sells if price revisits the 0.8098 price level.

EURCAD SELL SETUP 📉

I’m watching EURCAD for a potential short.

Price has already delivered a clear bearish shift in structure, followed by strong displacement lower. I’m now waiting for the retracement into my POI before looking for continuation toward the weak low.

Entry: 1.60439

SL: 1.60546

TP: 1.60087

Patience until price reaches my level.

EURCAD remains bearish on my chart.

The aggressive selloff wasn't enough reason for me to chase price lower. Instead, I'm waiting for price to retrace back toward 1.60439, where I can potentially enter with much cleaner risk.

The weak low below remains my target.

Direction: SELL 📉

Entry: 1.60439

Stop Loss: 1.60546

Take Profit: 1.60087

Risk: ~10.7 pips

Reward: ~35.2 pips

Potential R:R: ~1:3.3

Now it's simply about execution

EURCAD gave a clear CHOCH, followed by aggressive bearish displacement.

That shift is important because it establishes the directional context I'm currently working with.

Price is now consolidating below my POI.

Rather than selling in the middle of the range, I want the retracement first.

Location matters.

BIAS → LIQUIDITY → POI

That's the entire EURCAD idea.

Bias: Bearish 📉

Liquidity: Weak low below

POI: 1.60439 area

Invalidation: 1.60546

Target: 1.60087

Once the narrative is clear, there’s no need to overcomplicate the trade.

EURCAD is currently trading around 1.6037, but my planned entry is higher at 1.60439.

Could price drop without giving me the entry? Absolutely.

And I'm fine with that.

I'd rather miss a trade than chase price and destroy the risk-to-reward I originally planned.

The weak low around 1.6011 is one of the main reasons I'm interested in EURCAD sells.

If bearish order flow continues, that liquidity becomes an obvious draw for price.

My final TP sits slightly below it at 1.60087, allowing me to target a continuation through that liquidity.

My EURCAD invalidation is already defined before I enter.

Entry: 1.60439

SL: 1.60546

If price trades through the level that invalidates my bearish idea, I take the loss and move on.

Risk management isn't something I decide after entering the market.

It starts before the trade.

EURCAD WATCHLIST 👀

The setup is developing exactly where I want it.

Bearish structural shift ✔️

Strong bearish displacement ✔️

Retracement developing ✔️

POI identified ✔️

Weak low below ✔️

Risk defined ✔️

I don't need to predict every candle. I just need price to deliver my setup.

I can believe EURCAD is bearish and still refuse to sell at the current price.

My preferred setup remains:

EURCAD SELL 📉

Entry: 1.60439

SL: 1.60546

TP: 1.60087

R:R: ~1:3.3

If price retraces into my POI, I have my opportunity. If it runs without me, I let it go.

EURGBP BUY SETUP 📈

I’m watching EURGBP for a potential buy.

The 1H structure remains bullish after the BOS, and price is now retracing from the recent expansion. I’m looking for this pullback to bring price into my POI before continuation toward the weak high.

Entry: 0.85733

SL: 0.85676

TP: 0.86080

Waiting for price to come to me.

EURGBP has already given the bullish confirmation I needed.

Price broke above previous structure and expanded strongly to the upside. Now we're seeing the retracement phase.

Instead of chasing the move at the highs, I'm waiting for a deeper pullback toward 0.85733.

Bullish bias remains intact. 📈

EURGBP TRADE PLAN 🇪🇺🇬🇧

Direction: BUY

Entry: 0.85733

Stop Loss: 0.85676

Take Profit: 0.86080

Risk: ~5.7 pips

Potential reward: ~34.7 pips

Potential R:R: ~1:6.1

Good setups are worth waiting for.

The recent EURGBP high around 0.86080 is marked as a weak high.

That gives me my liquidity target.

If the bullish order flow remains intact, I expect price to eventually attack that high.

But rather than buying here, I'm waiting for price to retrace into my POI first.

Liquidity gives me the target. POI gives me the entry.

BIAS → LIQUIDITY → POI

My EURGBP narrative is straightforward:

Bias: Bullish 📈

Liquidity: Weak high at 0.86080

POI: Around 0.85733

Invalidation: 0.85676

The market has already shown bullish intent. Now I need the right location to execute.

EURGBP is currently retracing after a strong bullish expansion.

This is exactly why I don't like chasing candles.

The move may look bearish in the short term, but within the larger structure, I'm treating it as a retracement back toward my area of interest.

If 0.85733 gets delivered, that's where I'm interested.

The strong low below is another important part of my EURGBP analysis.

As long as the broader bullish structure remains protected, I'm interested in continuation toward the liquidity resting above.

I'm not trying to predict every candle during this retracement.

I'm simply waiting for price + location + structure to align.