EURUSD EUR/USD: Precision Trading with SMC and ICT StrategiesAnalysis:
Price Action Analysis:
The chart shows the EUR/USD pair on a 1-hour timeframe.
The price is currently at 1.04108.
There is a significant drop followed by a consolidation phase.
Key support and resistance levels are marked, with a strong high at around 1.047 and a strong low at around 1.039.
Smart Money Concepts (SMC):
The chart highlights an Order Block (OB) around the 1.047 level.
There is a Fair Value Gap (FVG) marked, indicating potential areas of price imbalance.
The Relative Balance (RB) is noted, suggesting equilibrium in the market.
ICT (Inner Circle Trader) Strategy:
Fibonacci retracement levels are drawn from the recent high to low, with key levels at 0.786 (1.04762912), 0.705 (1.0462586), 0.618 (1.0447856), and 0.5 (1.04279).
The price is currently near the 0.382 level (1.0407344), indicating a potential retracement zone.
The chart also shows Equal Lows and Strong Lows, which are potential liquidity zones.
Indicators:
RSI is at 56.61, indicating a neutral to slightly bullish momentum.
MACD shows a potential bullish crossover.
Volume Profile indicates high trading activity around the current price level, suggesting strong support.
Buy Signal:
entry: 1.04108
tp1: 1.04478
tp2: 1.04762
sl: 1.03967
Sell Signal:
entry: 1.04762
tp1: 1.04478
tp2: 1.04108
sl: 1.05000
Follow Alexgoldhunter for more strategic ideas and minds
Alex Gold Hunter
Free Signals & analysis
Join for Free
Scalping Signals
t.me/Pipsschase09
Swing Signal
t.me/alexgoldhunting
Free Signals & analysis
Join for Free
Scalping Signals
t.me/Pipsschase09
Swing Signal
t.me/alexgoldhunting
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alex Gold Hunter
Free Signals & analysis
Join for Free
Scalping Signals
t.me/Pipsschase09
Swing Signal
t.me/alexgoldhunting
Free Signals & analysis
Join for Free
Scalping Signals
t.me/Pipsschase09
Swing Signal
t.me/alexgoldhunting
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.