EURUSD Only

the pattern was in play

on UJ h1 check the price rsi divergence

I agree with both answers. From the orientation of the market we can deduce the fact that the data about the usd will be weak next week. The car is driven only by the driver, the others are passengers.

In other words: the planets W1, D1, H4, H1 in the Eurusd galaxy have aligned.

Only time will tell if I am right or not.

Based on the provided chart for the GBP/USD 4-hour timeframe, here’s the technical analysis:
### Observations:
1. **Current Trend**:
- The pair is currently in a downtrend, with a series of lower highs and lower lows.
2. **Order Block (OB)**:
- An order block is identified around the 1.2700 level. This zone often acts as a significant area of resistance due to institutional orders.
3. **Liquidity Zone**:
- The liquidity zone is marked below the current price, suggesting a potential target for the bearish movement.
4. **Retracement**:
- The price has the potential to retrace to the identified order block around 1.2700 before continuing its downward movement towards the liquidity zone.
### Analysis:
- **Retracement to Order Block**:
- It’s likely that the price might retrace to the order block around the 1.2700 level. This zone could act as resistance, where sellers may step in, increasing selling pressure.
- **Bearish Continuation to Liquidity Zone**:
- Following the retracement to the order block, the price is expected to continue its bearish trend. The liquidity zone below represents an area where stop-loss orders may be clustered, making it an attractive target for bearish momentum.
### Potential Trade Plan:
1. **Entry**:
- Consider entering a short position if the price retraces to the order block around 1.2700 and shows signs of rejection (e.g., bearish candlestick patterns or increased selling volume).
2. **Stop Loss**:
- Place a stop-loss order above the order block, possibly around 1.2730 to 1.2750, to account for potential false breakouts.
3. **Target**:
- Aim for the liquidity zone as the primary target, which is below the 1.2500 level.
### Risk Management:
- Ensure proper risk management by not risking more than 1-2% of your trading capital on this setup.
- Monitor the trade closely for any signs of reversal or unexpected market movements.
### Conclusion:
The chart indicates a probable bearish scenario where a retracement to the order block may provide a good entry point for a short position. The ultimate target would be the liquidity zone below the current price. Always confirm with additional technical indicators and keep abreast of any fundamental news that might impact the GBP/USD pair.

.

What is the fundamental/technical reasoning on which those estimates are based?

I see another total argument outside of Eurusd: BTCUSD- is bullish. This pair is also traded on the weekend.

The pattern seems to have reached a point in which the upcoming week could be bullish or bearish? Kinda looks like it could go either way. I would lean bullish going off of this pattern alone but I also know there are always other factors in play.

https://www.actionforex.com/category...urusd-outlook/

That analysis is erroneous in both situations: EURUSD-W1 and MN1 to which it refers.

Here's why:

https://www.forexfactory.com/news/12...steps-if-there

setting up for first run

practically dry weather today

good so we will set this for 0.10 lot size

this should be $1 per pip

Plan for this week let us see

question

from week open, price went up a bit but it failed to impress me

D1: SMA 20, 100, 200 have reached a roundabout.

german business climate weak, so i am expecting to start the week around h1 100 sma