EURUSD: SMC Structure Remains Bearish For One Simple Reason

Today I'm sharing a complete SMC top down analysis of the EuroUSD. We're going to go from the monthly to the weekly, daily, 1 hour, 15-minute time frame so that it makes complete sense by the time you finish watching this video. We're going to talk key levels in the market, imbalances, market structure, breakup structure, change of character. We're also going to look at the DXY2 so that you have a complete picture of the major currency pairs. So, if we haven't met yet, my name is Justin Met, Forex trader since 2007, fulltime since 2011. And as always, all this is my opinion only and not financial advice. So, Euro USD monthly time frame. Now, before you skip ahead or leave this video and you think I'm on the 15-minut time frame or the 1 hour, the monthly time frame does not matter for me. Okay, I'm going to show you why it does. Okay, this absolutely matters. So, stick around. So, on the monthly time frame, obviously a downtrend in place here since 2007 since that great financial crisis. We also know that we have a BOS back here. Okay, so really nice price action back here from the Euro on the monthly time frame. BOS down here below the low. The moment that we had this, this becomes our external high. Now this matters here for the euro over the past few months because what you will notice is that from this high right up here down here to the low. Okay, we have the market into OTE or optimal trade entry. So what that means is if I put the settings up here, you can copy these settings and this is the tool that I use to identify premium and discount in the market. So basically discount is below the 50%, premium is above the 50% and OT optimal trade entry is the area between the 62% and 79% retracement. So this area up here, this dark green area is where within a trend markets tend to reverse. Now just because they tend to reverse from there doesn't mean that it will because we still have to have that confirmation. But knowing that the market is up here and also knowing that it did uh mitigate a significant fair value gap back here recently is a reason to pay attention even if you are on the lower time frames. So the beautiful thing about markets guys and really SMZ is that markets are fractal meaning that you will find similar patterns across time frames. So this pattern right here on the monthly,