Dxy structure is bullish. Gbpusd will retrace just so that the big sharks can fill in their short orders. The overal structure is bearish, it failed to make a higher high and a high low. This shows a change of character, and looking at seasonal tendencies GU is usually bearish around this time of the year. Am really not good at explaining my setups lol
My idea on Eurusd is a bearish probability. because the daily , weekly are in a correction trend. overal structure is bearish. 4h hour range not broken to the upside. only BSL has been taken on those EQH on the daily confirming that institutional shorting has resumed.
Eurusd is bearish on the monthly,weekly and daily. The buy is just a retracing trade. Market structure overall is bearish. Price is approaching a bearish order block where I plan to short Eurusd from.
