August 7, 2025

Daily Outlook London/NY Session– 7th August 2025

Bullish setups on GJ, EJ, Gold & Silver. GA & GN choppy. US30 at key levels. Unemployment Claims at 14:30 CET – trade NY only after news.

Let’s dive in and see what the market has to offer today.

Bullish on the higher timeframe.
• Looking for buy opportunities from the Asia High or Asia Low
• If price breaks the last Asia Low and retests the previous London Low, we may get a clean short setup
• Important: Watch the 4H structure point at 196.955 – this could act as a potential reversal level, so manage risk carefully

Also bullish – only looking for buy setups
• The Asia Low is too far, so we focus on buys from either Asia High or a clear break and retest
• Be aware of the previous high on the 4H timeframe – it could act as a reversal point
• If we buy from the Asia High, we first need a break above that 4H high, then a retest into our zone

Currently looking bullish, so my focus is mainly on buy setups
• However, if we open the US session between two key zones, we might see a break and retest to the downside
• Still, I’ll stay primarily bullish unless structure clearly shifts

Also bullish
• Strong zone at the previous US session high
• If you draw the zone to the left, you’ll see multiple rejections from that area
→ Waiting for a retest into that zone for long entries

Open to both buys and sells, depending on price action
• From the low, I’d only look for buys, as the previous US session low could act as a reversal zone

We have Unemployment Claims coming out at 14:30 (Austria Time / CET).
No trades during high-impact news.
Wait for confirmation and only trade after the news reaction during the US session.