---
title: 'Live: I Am Selling EURUSD Right Now (Here''s Exactly Why)'
source: 'https://youtube.com/watch?v=Q2I6jx2dqWE'
video_id: 'Q2I6jx2dqWE'
date: 2026-08-17
duration_sec: 1829
channel: 'Jude Umeano'
---

# Live: I Am Selling EURUSD Right Now (Here's Exactly Why)

> Source: [Live: I Am Selling EURUSD Right Now (Here's Exactly Why)](https://youtube.com/watch?v=Q2I6jx2dqWE)

## Summary

The video is a live trading session focused on technical analysis of major currency pairs and gold, with the creator planning short positions on EUR/USD, GBP/USD, and AUD/USD. The trader shows how to identify entry zones on higher time frames and confirm entries on lower time frames, using concepts like break of structure, change of character, and order blocks. The session covers swing and day trading techniques, plus a discussion on currency pairs classification and the value of relative performance in choosing trading pairs.

### Key Points

- **Market Overview and Wait for Retracement** [05:37] — The trader notes that the dollar index has dropped to a key support zone, and he is waiting for a retracement to these areas to look for confirmation entries. He identifies zones of interest on the charts for potential short positions.
- **EUR/USD Short Setup** [07:22] — The creator identifies a potential short position on EUR/USD from a zone of interest (golden zone/order block), targeting three profit levels, with an expected risk-reward of at least 3R and potentially 10R.
- **Confirmation Entry on Lower Timeframe** [10:34] — He recommends waiting for the market to retrace to the zone of interest and then going down to the 5-minute timeframe to look for a change of character (CHoCH) for a confirmation entry.
- **GBP/USD and AUD/USD Similarities** [13:22] — GBP/USD shows a liquidity sweep and an equal highs cluster, which are expected to be taken out. AUD/USD also has a break of structure, and the trader is waiting for a retracement to a demand zone for a potential entry.
- **Day Trading vs Swing Trading Techniques** [17:40] — For day trading, use the 15-minute timeframe for structure and the 1-minute for entry. For swing trading, use the 4-hour and 1-hour for structure and 5-minute (or 15-minute) for entry confirmation.
- **Gold Price Prediction and Zones** [20:54] — Gold has been respecting all the zones marked, and the trader believes it will eventually hit a new all-time high, but he is also watching a supply zone; if a break of structure and change of character occurs to the downside, his bias would change.
- **'If This, Then That' Trading Approach** [23:40] — The trader emphasizes that you should trade using an 'if this happens, then I will do that' approach, not just because you believe something will happen but reacting to what actually occurs.
- **Currency Pairs Classification** [26:10] — The trader explains that major currencies (e.g., EUR/USD) have high liquidity and low spreads, while crossing majors and exotic pairs exist. He suggests focusing on majors and minors due to lower spreads, but also tests strategies across pairs and trades the one which yields the most wins—'the best is relative to the trader'.

## Transcript

[clears throat and cough] >> Welcome to the live.
gentlemen, may I have your attention, please? The show starts in 9 8
7 6 4 3 2 1
1 Go.
If you can hear me, just go to the comments and and give me a one in the comments if you can hear me. Type a one in the comments if you can hear me.
Now, the market today presents there are for the forest market, there are lots of opportunity right now to trade. looking at in today's outlook.
All the places I've been waiting to enter, they all formed. You can see You can see from the charts, it's it's it's it's ready. It's ready. We We just need a
retracement, then we can go into the streets. um that is what we're going to look at in today's you know, the dollar index. We'll look at EUR/USD, GBP/USD,
Australian dollar, uh USD, and we'll look at gold. Gold has performed quite well since we As a matter of fact, all the things we've been talking about gold, the places we
All the places we marked out in the past has been a gold We marked out some here. It was a gold marked out here. It was good. We marked out here as a place of possible entry, and you can see that the market seems ripe um for it.
Right now, we're headed to this very point. Now, before we go ahead and just where you are attending the live from. Just tell me, as you used to do,
the city and the country you are attending the live from. I always like to know this. Just tell me the city and the country you are live from.
Ekiti State, I see you. Daniel Crypto Lord 2732. Is from Owerri is in Owerri. Daisy, Lagos, Nigeria.
um That's Z in Lagos, Nigeria. We have Damba Damba
We have Emmanuel. Emmanuel is in Ibadan. Emmanuel is in Ibadan. Williams, it's good afternoon. Good afternoon, Williams.
And we'll have IK Tech in Ilorin. We have Isiwu living in Ikotun, Lagos. South Africa, Johannesburg. Sakolo
Kaduna Norex
welcome to this live. We are starting right now. So, I'm going is already being shared. Now, let's look at what we have been waiting for. Okay? So, this is the same chart that I share like every other week.
um from South Africa. that we've been looking at all like I share here every week, every other week
share here every week, every other week here. much. Like it's the same chart we look at and we'll now start looking for at the last week. This has been the zone where we say if
the dollar index drops down to this side, then we'll go to the other currencies and look for how to take a short position from this point. Now, the dollar index has dropped down to this point. Again, what I want to
take it I want to take it slowly again. We have Change of character. Why? Is it Is it change of character have here. So, I break of structure here, change of character here. This is
a retracement that is needed. This retracement I retraced into this golden zone and into this filling this fairly gap into this demand filling this fairly gap into this demand zone.
change of character again in the lower time frame. As you can see here. time frame. As you can see here. Let me make my charts one step brighter. I think I should do that. Okay.
we now have from this point, this is the the zone of our zone of interest. that same thing. Break of structure here, then change of character here. All I am
looking forward to is a retracement to this zone. Then this is the point where we want to start taking a long position from. I just said here, this is what you see on the thumbnail. I am selling from this
point. This is the point I'm selling. So, it's more it's more like the So, it's more it's more like the it's in reverse now. character here. This is the external high. This is the golden zone that we
change of character on the lower time frame from the golden zone or from this order block, I am good to go. And we've gotten that if you go lower to the 1-hour time frame, you will see that we now have that. So, all we are waiting
for right now is for the market to retrace to this zone. If it gets to this zone, this is the point where we will look for this is the point where we will look for what's confirmation entry.
Confirmation entry from this point, our target will There are two places. One, this is the first target because we look This is an order block. On the 4 hours, it's clear.
time frame. And finally, this is the lower one to target. So, we have two targets We have three targets, which is one.
This is two. And taking out this one is three into um probably this this low. Okay. So, we're dialing down into this particular point.
Um today's outlook is really going to be simple. There's nothing much going As a matter of our right now, I'm not I've not been looking at the news, what is happening with Iran and the US. I'm just trading purely technical analysis.
just trading purely technical analysis. Now, why is this a change of character or internal change of character? That is because of this what we have here. And what do we have here? We have
okay? We have a breaker structure here, a change of character here. So, this is not the order block. Here is the order block. I am taking I took the whole of this candle. That is
from here. The whole of this um green candle. had to cover up this top to mark the whole of this area as area of interest. Usually what I usually do is just to
Usually what I usually do is just to mark this last one. To mark only this one. That is this one. I might take only this one. Because of the fair value gap we have here.
I can mark only that one. Another thing is if we take the Fibonacci tool take it from the top to the bottom you can see that the golden zone also fall within this zone. As a matter of
fall within this zone. As a matter of fact, I think I can refine this. the way it is. So everything aligns. So what we're So everything aligns. So what we're waiting for now again is to see this.
If this gets into this zone when I start looking for confirmation means. So when this gets into this zone, you want to go down to the 5-minutes Okay? In the 5-minutes time frame, you can see that straight line you're seeing
can see that straight line you're seeing in the higher time frame is giving us structure. You can see the structure clearly. So what we want to
continues. This way we want to see the structure um this is riskier but this is it is riskier to take this. But if
you're trading on lower time frame this might just be an entry. See what I this might just be an entry. See what I mean. This is a it looks this way. But if you're trading on the lower time
frame, this is an actually an entry from here to inside here. It's already two opportunity to get uh a three hour into this zone. This is a riskier trade.
But it's a trade. Okay? But this is not what I'm taking. What I'm what I do is I I just wait. I just wait for this to continue. This to continue until we get into this zone. When we get into this zone, now it
now becomes an area of interest for me. Then if we start seeing Then if we start seeing this now, when I see okay? This now becomes
Uh hold on. Let me Let me fix that. I think I'm having issues with this. Okay. >> [snorts]
When we get into this zone, it start becoming an area of interest for me. Anytime when I do this from 5-minutes time frame, then here, as a matter of from this point,
here, as a matter of from this point, I'm ready to take a short position. Okay, from this point now, target the high if we get it, and my take profit, like I said,
take profit is all the way down to this first zone. This is going to be a very profitable trade. So, this is already a 10R trade. when the charts get here, but
whenever I get a confirmation within this point, within this zone, then this this point, within this zone, then this becomes my target. If this be the case, if it happens that I get a 10R, awesome. If I get a five, awesome. If I get a
four, awesome. But um it will it should not be less than a three R trade. And if you're trading in a in a prop firm, this is a very profitable trade for you.
So, this is EUR/USD, okay? Now, if you go to GBP/USD, it's it's the same thing. Now, if you look at EUR/USD, over here Now, if you look at EUR/USD, over here we had we had a break of
character. Waiting for a retracement to enter this If you look at GBP/USD, what do we have? We didn't have a break of structure here. But what we have instead
instead, what we have is a liquidity sweep over here because we have this high. We got this high here. Okay?
This swept it the first time, made a high. This also swept the second time. If you watch the trade we took in um in crypto some some weeks back or 2 weeks ago, the sweep is all we needed to actually
um make a trade. So, what I'm waiting for is we're now waiting for a retracement again. You can the chart going this way. We want it to keep on going.
Into this zone, then we can now start taking GBP/USD, the same thing. And where do we target? If I go to a higher time frame,
say the 5 to 1-hour time frame, we also have Uh look at the interesting thing about GBP/USD.
Now, if you look at this now, We have a equal highs here.
are? They are cluster of liquidity, which means they are they they will they will likely be taken out. So, for this particular trade, when we get an entry in this region,
get an entry in this region, a confirmed entry, where do you exit? now. The second exit.
This line here becomes your second take profit. But, only this line here, only this zone is
good enough because of the very large fair value gap that we have in this region. Because of this fair value gap we have here, this is already a very
um good region. Now, the same thing the same thing we can see the same thing for AUD. for AUD. AUD, the same thing we have what? A
AUD, the same thing we have what? A break of structure at this point. What are we interested in? Even if we don't get this trade today,
it's still fine. Tomorrow we'll get it. What I'm interested in is is simply when for swing trade now, when the market gets into this region, into this region, we want to look for a change of character. And where do we
target? The same thing at this point. These are the updates I dropped on Discord today. I dropped all this information on Discord um this morning and the particular trade I'll be entering I'll also be dropping that
setup on Discord right away before I take that trade. what are from a I don't talk about it, but from a Okay,
we're already in the 5-minute timeframe. From a day trading perspective, okay? You can't You might look for entries in this region. I actually saw this in the From a day trading perspective, you want to look for For example, we have
region. Okay, from from this perspective, region. Then, where do you want to enter? You want to look for entries in
this region. And how do you confirm an entry? You confirm an entry from um a change of character on the 1-minute timeframe. So, let Let If you're doing swing trading like I showed you I mean the swing trading, you
showed you I mean the swing trading, you want to do your You want to look at your market structure on the 4 hours and on the 1-hour timeframe. the 5-minute and look for a change of character, okay?
Sometimes on the 15-minute timeframe. Now, if you want to do day trade, you want to look at your market structure on the 15-minute timeframe. Then, you now want to go to the 1-minute timeframe to take your entry. So, for
timeframe to take your entry. So, for example, if I was doing day trade, this have a break of structure here on 15-minute timeframe and I know from the big from the higher time um frame perspective,
cannot go to the 1-minute timeframe now, which is where I'm headed to right now. So, in this region let's it load up. In this region, I'll be looking for a change of character.
clear change of character because if you look at this you might want to call this is a the first change of character we are seeing. And do we get a proper retracement? Um no.
We didn't get a proper retracement, but even from this region, this would be a possible entry a long position from this point. Okay, targeting here. And you want to target this particular
If you don't get up to a 3 hour, what I do is that I reduce it until I get up to a 3 hour. So, this would have been an entry and you want to ride it till you get to this point. And from here, once you
And from here, once you once you go above this line here then you want to go ahead and break even. Once you go above this line you break even. By this point, you still want to let this um run. So, this is
how you even do day trading if you're doing day trading. just using the same technique we talked about. Concentrate 15 minutes, then go down to the 1 minute to take an entry. 15
minutes for your structure, 1 minute to take an entry. But if you're doing swing want to look at the 4 hour and the 1 hour for market structure. Then want to go to the 5 minutes time frame when its your support is hit to look for an
entry. Now, let's look at gold. Um if you look at gold, let's let's start from the 1 hour now.
initially I said this is the zone I'm looking at, right? But I identified a 4-hour When we broke When we broke structure I'm looking at." But I identified what? A 4-hour
um order block here, demand zone. And what You can see change of character here, and this behaved and we got another here. Then from this break of structure, what
happened? We identified again a golden zone and another 4-hour demand zone in this in this region. What happened? We took off from here again, and we went Then I marked two zones last week. I marked this a potential zone, and I
marked this particular potential zone. I can see we are also taking off from this from this particular zone. Mind you, I'm not in this trade. Um it. I was like, you know, if I get a retracement
further downwards, um it would have been a good entry for me. So, I've taken because I I look for confirmation for all my trades. But you can see particularly gold has
But you can see particularly gold has been just gold has been respecting all since I started talking about gold or looking at gold in the analysis we hold every Monday.
Now, some people some people are are saying gold, that this zone is a zone where we should see a reversal, okay? Because of this change of character. But
um I want to see what happened here. The reason is this. When I went to the weekly time frame, I saw that on the weekly this is a rejection
character. And this rejection came into this weekly order block. So, my belief is that we're going to see gold we're seeing we're going to see gold
actually hit a new all-time high. That is what I am looking at I think gold is going to do. We're going to see gold hit a new all-time high.
you want to actually trade you you want to trade using the if this then that um approach. So, if this happen, I will do this. If this happen, I will do this. You don't just
I'm doing this because this is this is what I believe is going to happen. Always use that if this happen, then I will do that. For example, uh looking at this you can see that this block we have
here, this one is an is a supply zone on the weekly I believe that gold is going to go higher hit this
all-time high again. But I will still be watching this zone in this demand zone um this supply zone If we see a rejection that broke structure and gave us a choke a change
of character to the downside, then my orientation changes orientation changes to the downside. I won't say because I I believe that it's going to keep going the it's going to keep going. If this
then happens, of course um my analysis is going to change on that. So, this is is going to change on that. So, this is simply it. Um this is what the The index is saying. We are going we are coming down and positive that change
of character here will give us a very good entry. For EUR/USD, you want to see character, we're taking a short position. This could be This could print a lot of money. The same thing for GBP/USD and for Australian dollar. It
The question is which one are you going to take? It just is just it. Which one am I going to take because opportunities lies in all these coin, EUR/USD, GBP/USD, Australian dollar USD. So, that is that for this. Tomorrow
we'll talk about um Bitcoin. It's been interesting and Ethereum. Talk about it tomorrow. So, um that is Uh if there are few questions, I'm going to take it. If not, we'll end this live.
short each time so you can grab each time so you can grab the most important and grab
Unless you want you guys want to study and otherwise.
now? So, I mean Well, I won't say there's any one that is the best. You should trade If you know Forex, you
know that there there that there are the currencies are grouped into three. So, you have the major currencies. There were seven of them. So, these are These are the These are the major economies of the
world paired with the dollars. So, like EUR/USD, GBP/USD, Swiss franc USD, New Zealand USD. All these ones paired with the with um US dollars. Then you have the crosses or the minors. These are the
other major currencies of the world paired with each other beside the USD like EURJPY or you have um GBPJPY Those those currencies are the minor currencies.
currencies. Then I have the exotic currencies. These ones are for example, you know, Turkey lira paired against the US dollar or you have the Nigerian naira paired against the US dollar. These are the
Okay? So concentrate on only the major currencies and the minor currencies. only on the major ones. The reason why you want the major ones
because for example, EURUSD has the most liquidity of any currency. So the spread liquidity of any currency. So the spread is very small. If you trade crypto, the spread is like your your transaction fee. It is very very small. So and
um you will likely get your trade. So if you have a very good setup in EURUSD, that is the one you want to trade. Okay? But beside that, you have to test your strategy but you have to back test your strategy um
across different currencies. The ones that that that works for you like the ones that each time you see the setup, it gives you more wins, then trade that currency irrespective of what the EURUSD spread is saying because I'm
going to have more wins trading that currencies. So the best is relative but amongst the the major pairs and the minor pairs, look at them. The best is relative to the
them. The best is relative to the trader.
Okay. Okay. Okay. Let's see what happens.
actions. So, by Friday when I ask on Friday want to see some yeses. I want to see some yeses when this trade moves down because I'm going to take it if it just forms. [music]
Um I'll see you guys tomorrow for crypto. I'll see you guys tomorrow for crypto. Bye, everyone.