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:

  1. Weekly
  2. Daily
  3. 4H
  4. Economic Events



Weekly Chart Analysis

https://www.tradingview.com/x/CsA9MAgF/

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

https://www.tradingview.com/x/alK2upVn/

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

https://www.tradingview.com/x/UFgFBrQN/

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

https://www.tradingview.com/x/6E7JHUTI/
Chart PatternsEUREURUSDHTFliquidityMultiple Time Frame AnalysissmartmoneySMCstructureSupply and DemandUSDWeekly Charts

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