🧪The Technical Corner
As the week unfolds, price action has begun to validate several of the key levels and scenarios outlined in Sunday’s outlook. This mid-week update aims to reassess the current technical landscape, highlight any shifts in market structure, and identify new opportunities that may have developed as liquidity continues to be redistributed.
While the broader directional bias remains largely in line with our weekend expectations, intraday movements have provided valuable clues about where smart money may be repositioning. Let’s take a closer look at how each pair is unfolding and what to watch for going into the second half of the week.
🇪🇺EURUSD
EURUSD H4
Price is approaching the sell-side target outlined in our weekend analysis and has now reached the key area of interest highlighted earlier. This zone remains crucial to monitor, as the sharp reaction from it suggests that liquidity has been taken and the next directional move may soon unfold.
At this stage, two potential scenarios stand out:
A deeper retracement back toward the 1.1700 area, rebalancing the prior move; or
A continuation lower, with price retracing only to the 50% level of the current range before resuming towards the sell-side objective.
We currently lean toward the second scenario, maintaining a bearish bias as long as price stays below the mid-range threshold.
🇯🇵USDJPY
USDJPY H4
Price has reclaimed the bearish H4 FVG, and in line with our Sunday analysis, our conviction remains that the buy-side target is likely to be reached. We expect this to be a clean and efficient move to the upside.
🟢E-mini Nasdaq 100 Futures
E-Mini NQ Daily Chart
On the daily timeframe, price has closed decisively above the FVG and has now retraced to the 50% level of the current range. The structure appears bullish at this level, suggesting further upside potential.
E-Mini NQ H4 Chart
Although price has retraced to the 50% level of the recent bullish leg, the sharp reaction originated from a 4H Order Block. Price remains unclear and range-bound, with two potential scenarios:
Push through the OB to form new all-time highs.
Retest the OB and drop toward the Crash lows.
We currently lean toward the second scenario but remain cautious. If a strong bullish impulse develops, a break to all-time highs could still occur by week’s end.
Final word:
Markets can shift quickly, and no setup is guaranteed. Always respect key levels, manage your risk, and trade with a plan, not emotion. Patience and discipline are often more profitable than chasing every move—remember, preservation of capital is the first rule of trading. Stay vigilant, stay prepared, and let the market show you the path before committing.
Stay Safe and Happy Trading! 👁️🗨️
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