Short

EURUSD Outlook 7/23

Updated

Bearish on EU, at least early on in the week, at this moment I am looking for friday's high to be invalidated but the high of last week to be protected, will be watching that area for a trade down to at least friday's low. As always there are a number of different paths the market could take. These are simply the paths that seem probable to me at this point in time. We shall see how it opens on Sunday for some more clarity. This is inline with my overall bullish sentiment on DXY.

Trade active

Trade closed: stop reached

Stop should have been above london. Either price reacted as anticipated.

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DXY filled a 4HR gap, entry here below the WOG looking to take last week's high. Initial reaction is not promising, either too early or failed trade. We shall see.

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Favorable reaction. The current draw on liquidity is London's high and last week high. These are where I hope to TP.

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Let this one run for quite a while without taking profit, decided to play it safer and take what was in front of me, however I am still quite confident my original 1st TP will be hit. But my money does not need to be at risk to prove a point. 80% off here, 20 running till final TP

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Look at that reaction. That is why you take partials. So you can keep observing with a clear mind.

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Wow woke up to some crazy sellside liquidity chasing from EU. Obviously the remainder of my positions were taken out at break even while I slept no biggie. I do not need to be 100% right in order to make money. In any case this event is in line with my weekly expectations, it appears the market chose to protect last week's high. I expect last week's low to be violated eventually.

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Trade Idea

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Active

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Trade idea

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Trade closed manually

out of EU at BE, gonna wait till after lunch still short bias, will like to see market run buyside one last time, Should have taken partials at first run. Oh well. But hoping against what you are seeing is how you lose your account.

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Expecting something along these lines

akhena10fx

Let the algo show you its hand.

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