EUR/USD (6E) Market Context & Bias (1.1783 now; bearish below 1.1790)
Default stance: bearish as long as price is below 1.1790.
Entries are discretionary and time-of-day dependent; two practical spots today:
1.1790 (the bearish threshold itself; “touch and turn down”).
1.1786 (minor retrace into nearby liquidity).
tradeCompass Table (plain-English)
Short side (active while below 1.1790)
| Plan | Bearish when | Enter at | Targets (SHORTS) |
|---|---|---|---|
SHORT | < 1.1790 | 1.1786 bounce or 1.1790 reject | TP1 1.17825 → TP2 1.1774 → TP3 1.1755 → TP4 1.1746 |
Long side (only if a bullish trigger fires)
| Plan | Bullish when | Enter at | Targets (LONGS) |
|---|---|---|---|
LONG | > 1.18181 and holds (10–15 min) | Pullback that holds > 1.18181 | TP1 1.18135 → TP2 1.1820 → TP3 1.1831 |
SWING | — | — | Stretch 1.18810 |
Rule: After TP1, move stop to entry. Stops go just beyond the activation side (small buffer), never beyond the opposite threshold
Stops: place just beyond the activation side with a small buffer; never beyond the opposite threshold.
After TP1 or maximum, after TP2, move stop to entry to protect gains and manage any runner.
Treat thresholds as decision zones: if price cannot hold above/below the line, the signal weakens.
Tiny glossary (for newer readers)
Hold: stay above/below a level for ~ 15 minutes.
POC (point of control): the day’s most-traded price; often a magnet.
VWAP: average price by volume; many traders use it as dynamic support/resistance.
Threshold / trigger: the price that turns on a plan (bias flips).
