EURUSD 8 Apr 2024 W15 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 8 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Reached Swing EQ
Swing Continuation Phase
2.
After the Bearish BOS we expect a Pullback.
Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.
3.
INT Structure failed to continue bearish and turned bullish after reaching the 15m Swing EQ and tapping into a daily demand zone.
Expectations is set to continue Bullish following the 15m Bullish Swing Continuation Phase with target of the Weak Swing High.
Structure
EURUSD 8-12 Apr 2024 W15 Weekly Analysis - EU Rate / US CPI PPIThis is my Weekly analysis on EURUSD for 8-12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly
Daily
4H
Economic Events
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
Swing Continuation (Pro Swing + Pro Internal)
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low.
3.
Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
Expectation is to continue bearish and target he Weak INT Low.
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
Swing Continuation / INT Continuation
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low.
Also after iBOS we expected a pullback which was initiated after the Bullish CHoCH which formed a demand that is currently showing reaction from causing a Bullish CHoCH.
3.
Price didn't reach a HP POI to continue down, but price seems to be reacting from the Liq on the left.
With the current PA, expectation is set to target the Weak INT Low and further to the Weak Swing Low.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
Economic Events for the Week
EURUSD 5 Apr 2024 W14 - Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 5 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
4H OF and momentum is Bullish so more development on LTF is required for Shorts to target the Weak INT Low and the continuation of the Bearish Swing to target the Weak Swing Low.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
Reached Swing EQ
2.
After the Bearish BOS we expect a Pullback.
Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.
3.
As expected yesterday, 15m Swing Pullback confirmed after the Bearish iBOS.
Price continued bearish and reached the 15m Swing EQ but didn't mitigate any HTF POI.
Following the Bullish Swing, We need a bullish iBOS to target the Weak Swing High.
Still INT Structure Bearish so expectations is set to continue bearish to mitigate at least the 4H POIs within the 15m Swing Discount.
EURUSD 4 Apr 2024 W14 - Intraday Analysis-ECB Minutes/US JoblessThis is my Intraday analysis on EURUSD for 4 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
4H OF and momentum is Bullish so more development on LTF is required for Shorts to target the Weak INT Low and the continuation of the Bearish Swing to target the Weak Swing Low.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Swing Pullback Phase
2.
After the Bearish BOS we expect a Pullback.
Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.
3.
Bearish Swing failed and we created a Bullish BOS which aligns with the 4H request to initiate the 4H INT Pullback.
But be mindful that we reached the 4H INT Structure EQ and Premium where we could see a bearish continuation.
Shorts are mostly viable after we mitigate a HTF POI and/or a bearish iBOS.
EURUSD 1 Apr 2024 W14 - Intraday Analysis - US PMI This is my Intraday analysis on EURUSD for 1 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low.
After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback.
Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure.
More development on LTF required to confirm the Bullish Pullback Phase.
3.
As price failed to initiate a pullback from the 4H demand, price continued bearish to the Daily demand zone.
Possible reaction ONLY from the Daily demand as we are in the momentum phase of targeting the 4H Weak Swing Low.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
After the Bearish BOS we expect a Pullback.
Price still in the bearish momentum following the HTF continuation.
Price tapped into the daily demand which could provide a reaction to facilitate the INT Bearish Structure Pullback.
EURUSD 1-5 Apr 2024 W14 Weekly Analysis - NFP Week!This is my Weekly analysis on EURUSD for 1-5 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly
Daily
4H
Economic Events
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
Swing Continuation (Pro Swing + Pro Internal)
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low.
3.
Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
Expectation is to continue bearish and target he Weak INT Low.
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
Swing Continuation / INT Continuation
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low.
Also after iBOS we expected a pullback which we are currently in.
3.
Price didn't reach a HP POI to continue down, but price seems to be reacting from the Liq on the left.
With the current PA, expectation is set to target the Weak INT Low and further to the Weak Swing Low.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low.
After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback.
Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure.
More development on LTF required to confirm the Bullish Pullback Phase.
3.
4H and Daily Demand Zones for possible reactions only once reached.
Economic Events for the Week
EURUSD 28 Mar 2024 W13 - Intraday Analysis - US GDP/JoblessThis is my Intraday analysis on EURUSD for 28 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
3.
Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low.
After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback.
Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure.
More development on LTF required to confirm the Bullish Pullback Phase.
3.
4H and Daily Demand Zones for possible reactions only once reached.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
After the Bearish BOS we expect a Pullback.
Price reached the 4H demand and the nested 15m Demand which is mitigated after the bullish CHoCH initiating the 15m INT Structure Pullback.
Expectations is set for price to initiate the 15m Swing Pullback Phase with a Bullish iBOS. But be mindful that price could continue bearish targeting 4H Weak Swing Low.
3.
15m/4H Supply zones for possible short options once reached.
Ethereum: Bullish Reversal Confirmed !!!Ethereum (ETH) has been in a downtrend since November 2021. The price has been respecting the descending trendline and making lower highs and lower lows. However, the price recently broke out above the trendline and formed a three drives pattern.
The descending trendline:
The descending trendline is a bearish pattern that is characterized by two converging trendlines, one connecting lower highs and the other connecting higher lows. The price typically breaks down below the lower trendline, signaling a continuation of the downtrend.
The three drives pattern:
The three drives pattern is a bullish reversal pattern that is characterized by three consecutive rallies, with each rally being higher than the previous one. The pattern is confirmed when the price breaks out above the resistance level.
The breakout:
The price broke out above the descending trendline on March 14, 2023. This breakout was confirmed by the three drives pattern.
The retest:
The price has since retested the broken trendline and held. This retest confirms the bullish reversal and suggests that the price is likely to continue to rise in the near future.
Bullish targets:
The first bullish target is the $3,500 level, which is the top of the descending trendline. Further upside could see the price reach $4,000 or even higher.
Conclusion:
The Ethereum chart shows a bullish pattern. The price has broken out of a descending trendline and formed a three drives pattern. This suggests that the price is likely to continue to rise in the near future. Investors should always do their own research before investing in any cryptocurrency.
EURUSD 27 Mar 2024 W13 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 27 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish / Continuation Phase
Swing Pullback Phase
2.
After a BOS and iBOS we expect a Pullback.
As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
Current PA is still showing that the 4H Strong INT Low is holding but the OF is Bearish and Supply still in control.
A bullish CHoCH will indicate imo a HP confirmation for the INT Structure to continue bullish.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
Swing Continuation Phase
2.
After the Bearish BOS we expect a Pullback.
The 4H demand is already mitigated after the Bullish CHoCH on the 4H TF but seems to be some orders still remaining within the 4H Demand and the 4H Extreme which is providing the pullback for the Bearish iBOS.
Current PA is pointing to targeting the Weak Swing Low but again be mindful of the Strong INT Low on the 4H which is still holding.
Bullish iBOS will confirm imo a HP Bullish continuation.
3.
Price reached the reached the 15m FLIP Zone and initiated the INT Pullback which caused a bearish iBOS aligning again with the 15m Bearish Swing.
EURUSD 26 Mar 2024 W13 - Intraday Analysis - US Durable GoodsThis is my Intraday analysis on EURUSD for 26 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish / Continuation Phase
Swing Pullback Phase
2.
After a BOS and iBOS we expect a Pullback.
As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
As expected, Price reached the 4H/Daily demand zone as referred to the deep INT Structure Pullback.
Price created a Bullish CHoCH at the INT Structure Extreme which is a sign that the deep pullback may ended and we could be in the Bullish move to target the Weak INT High.
More bullish price development on LTF is required to confirm the current expectations of continuation bullish.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
Swing Continuation Phase
2.
After the Bearish BOS we expect a Pullback.
After mitigating the 15m/4H Demand zones, INT Structure turned Bullish confirming the Swing Low and the Swing Pullback Phase started.
Expectations is set to for price to continue bullish till the Swing EQ/Premium to facilitate the Swing Pullback Phase.
3.
Price reached the 4H Supply and initiated the INT Structure Pullback which was also a HP supply zone for Shorts to continue the Swing Bearish Move.
INT Structure turned bearish aligning with the Bearish Swing for bearish continuation.
Expectation is set to continue bearish to target the Weak Swing Low. But be mindful that the 4H still bullish and we are in the 4H INT Structure Discount/Extreme and maybe we will stay bullish. Bullish iBOS will confirm the bullish scenario.
EURUSD 25 Mar 2024 W13 - Intraday Analysis - US New Home SalesThis is my Intraday analysis on EURUSD for 25 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish / Continuation Phase
Swing Pullback Phase
2.
After a BOS and iBOS we expect a Pullback.
As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
As expected, Price reached the 4H/Daily demand zone as referred to the deep INT Structure Pullback.
Price created a Bullish CHoCH at the INT Structure Extreme which is a sign that the deep pullback may ended and we could be in the Bullish move to target the Weak INT High.
More bullish price development on LTF is required to confirm the current expectations of continuation bullish.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish
Swing Pullback Phase
2.
After the Bearish BOS we expect a Pullback.
After mitigating the 15m/4H Demand zones, INT Structure turned Bullish confirming the Swing Low and the Swing Pullback Phase started.
Expectations is set to for price to continue bullish till the Swing EQ/Premium to facilitate the Swing Pullback Phase.
3.
Swing Extreme Supply zones on 15m nested within the 4H Supply for HP Swing Bearish Continuation.
EURUSD 25-29 Mar 2024 W13 Weekly AnalysisThis is my Weekly analysis on EURUSD for 25-29 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly
Daily
4H
Economic Events
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
Swing Continuation (Pro Swing + Pro Internal)
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low.
3.
Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
Expectation is to continue bearish and target he Weak INT Low.
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
Swing Continuation / INT Pullback
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low.
Also after iBOS we expected a pullback which we are currently in.
3.
Price didn't reach a HP POI to continue down, but price seems to be reacting from the Liq on the left.
With the current PA, expectation is set to target the Weak INT Low and further to the Weak Swing Low.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bearish
INT Bullish / Continuation Phase
Swing Pullback Phase
2.
After a BOS and iBOS we expect a Pullback.
As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
As expected, Price reached the 4H/Daily demand zone as referred to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
Economic Events for the Week
GBPUSD - BUYERS MARKETSO on the higher TF of Daily, we can see GBPUSD is still overall Bullish. The inner trend however is bearish. Same thing for the H4 TF, overall trend is bullish and the inner trend is bearish. Now on the H1, the overall trend is BEARISH, and the inner trend is now Bullish. This is good to note, because this tells us that the Bulls are coming back in the game, but we need that the concrete evidence that price will now move up.(Price breaking the major resistance on H1) We wait on the sideline until H1 overall trend becomes bullish. This puts H1 trend, back in harmony with the H4 and Daily TF, thus commencing the continuation of the Daily Bullish Trend. Please Comment if you agree or disagree and why. Boost and Share, Let's Catch These Pips!
ETH is going downETH in daily timeframe hit the Extreme OB and made a minor Structure then we expect it go down from here.
if ETH could close up of the Minor structure high then this analysis will be faild.
Attention : this is not a financial advice and its just my analysis of ETHUSDT 1D chart, DYOR
EURUSD 22 Mar 2024 W12 - Intraday Analysis - US Powell SpeaksThis is my Intraday analysis on EURUSD for 22 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish
Swing Pullback Phase
2.
After a BOS and iBOS we expect a Pullback.
As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
As expected, Price reached the Daily demand zone as refereed to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
As expected, price failed to continue bullish after the reversal of FOMC News.
With the Swing turning bearish, we confirmed the HTF bearish Continuation.
3.
Last HP POI on 15m/4H for price to continue the bullish Swing.
Longs makes sense from these POIs but with currently reversal of yesterday news, there is a HP that price will take out the Strong Swing Low to continue the 4H/Daily bearish structures.
EURUSD 21 Mar 2024 W12 - Intraday Analysis - EU PMI/US PMIThis is my Intraday analysis on EURUSD for 21 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish
Swing Pullback Phase
2.
After a BOS and iBOS we expect a Pullback.
As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
As expected, Price reached the Daily demand zone as refereed to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
15m Chart Analysis
1.
Swing Bullish
Swing Pullback Phase / Discount
2.
With FOMC news, price created a bullish BOS.
After the BOS we expect a pullback and currently price reached the Swing EQ and Discount zone.
3.
Last HP POI on 15m/4H for price to continue the bullish Swing.
Longs makes sense from these POIs but with currently reversal of yesterday news, there is a HP that price will take out the Strong Swing Low to continue the 4H/Daily bearish structures.
EURUSD 20 Mar 2024 W12 - Intraday Analysis - FOMC / Powell Day!This is my Intraday analysis on EURUSD for 20 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish
Swing Pullback Phase
2.
After a BOS and iBOS we expect a Pullback.
As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
As expected, Price reached the Daily demand zone as refereed to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
15m Chart Analysis
1.
Swing Bearish
Swing Continuation
2.
Price reached the 4H Supply and initiated the Bearish Swing Continuation Phase after the Bearish CHoCH.
3.
After the Swing BOS, the pullback phase initiated after the Bullish CHoCH.
EURUSD 19 Mar 2024 W12 - Intraday Analysis - EU ZEW / US HousingThis is my Intraday analysis on EURUSD for 19 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish
Swing Pullback Phase
2.
After a BOS and iBOS we expect a Pullback.
As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
As expected, Price reached the Daily demand zone as refereed to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
15m Chart Analysis
1.
Swing Bearish
Swing Pullback Phase
2.
15m / 4H Supply Zones for possible shorts once reached. But be mindful that the 4H CHoCH is currently the 15m Swing High and there is a HP we will take it after mitigating the Daily Demand zone.
3.
After the Swing BOS, the pullback phase initiated after the Bullish CHoCH.