EURUSD Outlook 5/29

29 may 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 may 2023

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

30 may 2023

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going break even

30 may 2023

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

30 may 2023

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

30 may 2023

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giving it room.

31 may 2023

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TP1 hit on EU. holding for TP2.

31 may 2023

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

31 may 2023

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im switching long on EU.

31 may 2023

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market might have got the best of me today.

2 jun 2023

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

2 jun 2023

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would be tapped in here if I was entering live.

2 jun 2023

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would have been stopped out. done demo trading NFP

2 jun 2023

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Lol you raggedy *****

2 jun 2023

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