I’m still growing. I’ve faced difficulties and made mistakes, and I’m learning to find meaning in them. Even now, I’m realizing I’m not infallible and that things will not always go my way. Self-awareness is still my way through. I haven’t arrived yet, but I am improving, and I will rise again.
$EURUSD weekly outlook: The chart is bearish and price bounced off the 1.13670 demand area. Momentum still looks good for the bears. There is a buyside imbalance up into the 1.14400 area, which also aligns with the 61.8% Fibonacci level. I am expecting price to retrace into these key levels, then short when I see a bearish candlestick formation.
However, the outlook on the $USDOLLAR is one of readiness to rise as price is right around a trendline demand area and we have seen a bullish candlestick formation in that area. So in the event price never retraces into the 1.14400 area, I will be looking to short from a breach of 1.13670.
This thesis would be invalidated with a sustained move above 1.14720.
In the case of the retracement to the buyside imbalance not happening, and we see a break and retest of the 1.14715 support. If my conditions are met, I will short into 1.14300
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In the case of the retracement to the buyside imbalance not happening, and we see a break and retest of the 1.14715 support. If my conditions are met, I will short into 1.14300
$EURUSD weekly outlook: The chart is bearish. Price is around the 1.14720 support level. Bearish momentum has eased for now, and price may retrace into the buyside imbalance created on Wednesday. The imbalance runs to the 1.15193 level, which is the 61.8% Fibonacci level and a supply level. If price retraces into this area and I see a bearish candlestick formation, I would short into 1.14600.
However, I have to be cautious here - there is a buyside imbalance on the daily timeframe near 1.15700. This thesis is invalidated if we see a sustained move above 1.15700.
$EURUSD weekly outlook: The chart is bearish. Price is around the 1.14720 support level. Bearish momentum has eased for now, and price may retrace into the buyside imbalance created on Wednesday. The imbalance runs to the 1.15193 level, which is the 61.8% Fibonacci level and a supply level. If price retraces into this area and I see a bearish candlestick formation, I would short into 1.14600.
However, I have to be cautious here - there is a buyside imbalance on the daily timeframe near 1.15700. This thesis is invalidated if we see a sustained move above 1.15700.
This week's outlook on EURUSD: The chart looks bullish. Price wicked off the 1.15700 demand zone and is currently sitting around the 1.16000 flip zone. Momentum looks good for the bulls, and there is no sell-side imbalance in sight. On the lower time frame, the chart is bearish; once we get a change of structure on the lower time frame to align with the higher time frame trend, I will look to execute a long if my conditions are met. I will be targeting 1.16500 and then 1.17000.
My thesis will be invalidated if I see a sustained move below 1.15700.
Any one who is privileged therefore owes it to the world to work on the most obnoxiously hard problems, not just build a life for themselves, but uplift people by building great companies and employing as many people as they can.
The privileged must risk it all, over and over again, until they are tortured to greatness.
This is my version of socialism, re- distribute risk. The rich have a moral imperative to embrace more risk.
This week's outlook on EURUSD: The chart looks bullish. Price wicked off the 1.15700 demand zone and is currently sitting around the 1.16000 flip zone. Momentum looks good for the bulls, and there is no sell-side imbalance in sight. On the lower time frame, the chart is bearish; once we get a change of structure on the lower time frame to align with the higher time frame trend, I will look to execute a long if my conditions are met. I will be targeting 1.16500 and then 1.17000.
My thesis will be invalidated if I see a sustained move below 1.15700.
Supporting Buhari in 2015 was a lapse in judgment.
Doubling down in 2019 was a flaw in character.
Voting for Tinubu in 2023 was pure wickedness.
Pushing Tinubu for 2027? You’re an active threat to humanity, a complete waste of space, and a lost cause.