Short-term noise is loud right now.
But zoom out and you’ll notice something interesting:
structure across majors is still holding better than sentiment suggests.
This is where many traders get trapped — reacting emotionally to small moves while missing the bigger positioning phase.
I’m watching for one thing:
Does price keep making higher lows on higher timeframes?
If yes — the trend is still building.
If not — volatility expansion is coming.
Simple question. Big implications.