EURUSD Outlook 8/6

EURUSD traded into a daily FVG last week and reversed breaking market structure to the upside. We will maintain a bullish expectation till price does something to invalidate the expectation. There is a failed 12H SIBI FVG and an 8H balanced price range. We will be watching to see price interact with this area as potential short term discount for continued expansion.

Expansion targets are the 12H OB and Daily BPR above.

With news late in the week price may choose a number of ways to move before the CPI liquidity clearing. don’t force what isn’t clear in these conditions.

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Don't love trading mondays but price dipped to the 8HR BPR we were tracking coinciding with the Aug open price. buying here looking to take out last week's high and potentially to the OB above.

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reducing my risk by moving SL up.

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should the 1H FVG give a new short term high I will hold interday. If not I will consider closing

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holding overnight with original SL.

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Dont think this is going to hold as price may want to tap the 2H FVG below

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Generally dont widen my stop but I will give this to the bottom of the 2HR FVG to play.

Trade closed: stop reached:

taken out

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Trade active:

switching sides on EU. Short.

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taken out. Im going to hold off on trading EU further till after CPI.

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will short if i see something like this

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looking to get short

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tapped in

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dont have high confidence this holds as price tapped into a bullish 4H FVG that i did not recognize before the trade. WIll let it play out.

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taken out on this one, not mad at the play but a little more due dilligence on the HTF could have avoided an unnecessary loss.

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Super messy price action on CPI from Eu, usually we would see expansion to one direction or the other