EURUSD 5/1/25Heading into the First Trading Week of the Year
We’re ready to dominate as always, with Orion leading the way and providing a clear bias. This week, we continue with our bearish outlook, looking to trade from the highs into the lows outlined here, with the target clearly defined.
Before diving in headfirst, let’s cover a few key points:
There’s currently a large gap between the highs and the current price.
Based on this, we need to be mindful of the following scenarios:
A short-term high could form before reaching the main highs shown here.
A new low might be created, giving us an additional target low.
These scenarios suggest we could see some form of manipulation before a move higher. For example, the price could create new highs, sweep them, and then form a new short-term low.
While this wouldn’t invalidate the larger bearish move, it could shake out many lower time frame traders.
Please also take note of the heavy liquid we have stored above the current highs we are looking at.
Trade safe and stick to your plan.
