EURUSD 12/1/24

il y a 3 jours

Starting the week with our clear bias and understanding of what we aim to trade on EUR/USD. This bias and understanding are, as always, brought to us by Orion, providing precise bias, points of interest, and entry areas.

This week, we observe institutions once again driving the market downward, and we plan to follow this flow. Based on the current market conditions, we are presented with a target low and a major collection of highs, creating a strong area to watch for bearish momentum to return. The game plan is simple: look for a new low to form, giving us targets to aim for. If this happens, watch for the highs to be taken out, which will align us with our short bias. Alternatively, if our current target is reached first, we’ll shift our focus to the highs, providing opportunities to target new lows as the market retraces back to these areas, keeping us in line with the short bias.

Follow what price action shows you and, as always, trust Orion.

Stick to your plan, follow your rules.