EUR USD Idea

Good morning, fellow traders! Yesterday, our journey took us into the weekly supply zone, and we initiated a short position, narrowly missing the top by just one pip. Currently, we have daily levels below us, accompanied by a lurking liquidity void. Our belief is that the upside liquidity has already been absorbed, setting the stage for potential short positions.

With these targets beneath us, it's reasonable to anticipate reaching them relatively quickly. We're looking at potential 15-minute and 1-hour retracements into these zones, coupled with the management of ongoing positions.

However, it's essential to bear in mind that the US dollar is in a phase of consolidation, and the Euro typically remains within a certain balance unless the dollar exhibits significant movement. Trading relies on the availability of liquidity to facilitate price movement, and we must ensure our trades have room to breathe.

In trading, you can either be the liquidity or align yourself with the wiser traders who strategically position their stop-loss orders behind two fractal highs. This way, you can still profit while protecting your capital. These are the considerations we keep in mind as we navigate the market,