EURUSD Outlook 5/29

29 mag 2023

DXY bias is bullish so i am expecting weakness in EU.

NFP week so things can get shiesty on Friday. Still expecting NFP to be ultimately bearish.

HTF Bearish objective is sellside liquidity around 1.06271, which is 1 standard deviation of all the trading above the February open price mirrored to the downside.

All other relevant POIs are annotated on the chart.

30 mag 2023

Nota

im short on EU with the expectation that the current 12H candle will not close above the most recent 12H bearish orderblock.

30 mag 2023

Nota

going break even

30 mag 2023

Nota

the 12H is turning into a rejection candle below the OB as anticipated. this is encouraging. 4 hours or so till it closes.

30 mag 2023

Nota

dont love this development. holding till taken out at break even

30 mag 2023

Nota

giving it room.

31 mag 2023

Nota

TP1 hit on EU. holding for TP2.

31 mag 2023

Nota

closed the rest manually here. something else seems to be developing

31 mag 2023

Nota

im switching long on EU.

31 mag 2023

Nota

market might have got the best of me today.

2 giu 2023

Nota

done with currencies for the week as stated but this is a forward test position.

2 giu 2023

Nota

would be tapped in here if I was entering live.

2 giu 2023

Nota

would have been stopped out. done demo trading NFP

2 giu 2023

Nota

Lol you raggedy *****

2 giu 2023

Nota

My interpretation of EURUSD's NFP liquidity inducement and capture.