EURUSD - Bearish Week?

Hey guys!
Here's my perspective on EURUSD this upcoming week.
Enjoy :)





BEFORE WE BEGIN:

This is my perspective. Do your own analysis before taking any trades.

- There are some strong High Impact News this week which may affect the direction of the market. This may ruin this EURUSD idea...
- Also, should the H4 FVG be closed in with a full body candle - aka closing above 0.98563, I am then no longer looking at this idea as price may run a little higher from there.

However, should none of these two events ruin the setup, then I see this idea as highly probable...








MONTHLY

The current Monthly candle has created an Immediate Rebalance as it wicked straight up into previous month's Low and rejected.
As of the Monthly Chart, it looks like price is headed down into Previous Month Low.
This gives us the framework that Shorts down into this level could be ideal.

WEEKLY:

This candle took out Previous Week High (the previous candle), went into the Propulsion Orderblock (Blue Box), and filled a FVG with a nice rejection, closing below the FVG - which is a sign of Bearishness.
This candle's wick High is now an Intermediate Term High as it rebelanced the FVG, and that high should therefore be protected and for price to remain below.

DAILY:

Price is coming from multiple series of Bearish Orderblocks / Propulsion Blocks, proving that the Institutional Orderflow is Bearish.
Market Structure is Bearish.
95.000 Looks Interesting.

H4 TIMEFRAME:
(Look at the chart analysis)

Market Maker Sell Model may be unfolding (grey consolidation boxes).
All imbalances have been filled above current price, showing Bearish orderflow, and no reason to go higher.

According to Market Structure, price should remain below and respect its Protected High and go to it's structural Low (the low on the chart).

The FVG may act as a Breakaway Gap, because GBPUSD has filled that exact FVG on its chart (which also caused minor SMT Divergence).
Should price return into the FVG, I'd like to see price to respect it and NOT close above it. The FVG is also coupled with a Mitigation Block, so rejections in there is likely...





DXY (USD index) looks Bullish as well to support this bearish EU idea...






Also, feel free to check out my other analysis posts. Pretty much a 100% hit rate on the recent breakdowns.

Comment:

If you’d like to see more confluences to the setup,
check out my previous analysis posts regarding DXY & Indices as I touch more on Fundamentals & Treasury Bond Markets (which I purposely didn’t include in this analysis as I’ve posted it before)

:)

Order cancelled:

The market is Consolidating and I hereby CANCEL this idea for now.

Price may be ranging prior to the USA Midterm Election at 8th November.

Prior to high impact economic events, price tends to consolidate to build up volume for the upcoming volatility.
Small ranges lead to Big ranges...

For now Im sitting on my hands and waiting for price to give me something new to work with for Bias.

I will keep you updated if anything changes.