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EURUSD 23 Jan 2024 W4 - Intraday Analysis - EU Cons. ConfidenceThis is my Intraday analysis on EURUSD for 23 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m Note: Nothing changed much since yesterday and yesterday analysis still the same. 4H Chart Analysis 1. Swing Bullish INT Bearish OF Bullish In Discount 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged. OF currently is bullish after the Bullish CHoCH. Demand formed from the CHoCH is mitigated and still holding. But that Bullish OF is not coming from a HP POI so there is a high probability we will continue down unless we see Bullish OF holding and continuing. Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not. 3. Swing extreme 4H demand and Daily for possible continuation to the upside. 15m Chart Analysis 1. Swing Bearish Internal Bullish Pullback Phase 2. INT Structure turned Bullish (iBOS) confirming a 15m Swing Low formed and the start of the 15m Swing pullback Phase. Expectation now is set to play the pullback phase as Bullish move till we reach a HP 4H Supply zone. Just to note that we didn't mitigate any HTF POI to initiate the current Pullback. So be cautious that we may also continue Bearish till we mitigate the Daily/4H demand zone and from there we could continue the 4H Swing Bullish Continuation Phase. 3. INT structure continuing Bullish again with Bullish iBOS. After iBOS we expect a pullback. No HP demand zones except the one presented which is also not positioned well within the new INT Structure. Waiting for more price development with expectations for price to continue bullish respecting the INT Low. 4. Weak Swing low is still holding which means that the Swing pullback still active and we will have a deeper swing pullback.
by Amr-Sadek
EURUSD 22 Jan 2024 W4 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 22 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bearish OF Bullish In Discount 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged. OF currently is bullish after the Bullish CHoCH. Demand formed from the CHoCH is mitigated and still holding. But that Bullish OF is not coming from a HP POI so there is a high probability we will continue down unless we see Bullish OF holding and continuing. Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not. 3. Swing extreme 4H demand and Daily for possible continuation to the upside. 15m Chart Analysis 1. Swing Bearish Internal Bullish Pullback Phase 2. INT Structure turned Bullish (iBOS) confirming a 15m Swing Low formed and the start of the 15m Swing pullback Phase. Expectation now is set to play the pullback phase as Bullish move till we reach a HP 4H Supply zone. Just to note that we didn't mitigate any HTF POI to initiate the current Pullback. So be cautious that we may also continue Bearish till we mitigate the Daily/4H demand zone and from there we could continue the 4H Swing Bullish Continuation Phase. 3. INT structure continuing Bullish again with Bullish iBOS. After iBOS we expect a pullback. No HP demand zones except the one presented which is also not positioned well within the new INT Structure. Waiting for more price development with expectations for price to continue bullish respecting the INT Low. 4. Weak Swing low is still holding which means that the Swing pullback still active and we will have a deeper swing pullback.
by Amr-Sadek
EURUSD 22-26 Jan 2024 W4 Weekly Analysis - EUR Rate DecisionThis is my Weekly analysis on EURUSD for 22-26 Jan 2024 W4 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 INT Extreme 2. After the iBOS we expected pullback, price tapped into Liq on the lift and a Weekly demand zone which provided a pullback and formed a bullish CHoCH confirming INT Low. 3. With the Bearish INT Structure we have the confirmation that the Swing Pullback is over and we are currently in the Swing Continuation Phase. Price had reached the Bearish INT Structure extreme and showed reaction from. Still the OF is Bullish within the Pullback Phase and the Bearish CHoCH will be the first sign to confirm the Bearish continuation from the Weekly Supply. Expectation now set to see price continuing bearish. Daily Chart Analysis 1. Swing Bearish INT Bullish Reached Extreme 2. Within the Bearish Swing we are currently in, the Swing pullback reached the Swing extreme area and mitigated a Weekly Supply zone (But didn't reach the Daily Supply) and started the INT Structure Pullback after the Bullish iBOS. For the Bearish Swing to continue bearish, we want to see a Bearish iBOS to confirm that the Swing Pullback is over and we are in the Swing Continuation to target the Weak Swing Low. But currently the INT Structure still Bullish so there is also a possibility that we can still continue up. Following the recent INT Structure, Price swept LIQ from the recent Daily Demand zone and reached the INT Structure EQ where we can expect demand to step in and target the Weak INT High. Lets wait to see more price development and LTF to guide us. 3. Price managed to get out of the range and approaching a Daily demand zone. We didn't mitigate it yet but price is bouncing up from the Swing EQ. 4. Daily and Weekly demand zones for reactions once reached. 4H Chart Analysis 1. Swing Bullish INT Bearish OF Bullish In Discount 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged. OF currently is bullish after the Bullish CHoCH. Demand formed from the CHoCH is mitigated and still holding. But that Bullish OF is not coming from a HP POI so there is a high probability we will continue down unless we see Bullish OF holding and continuing. Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not. 3. Swing extreme 4H demand and Daily for possible continuation to the upside. Economic Events for the Week
by Amr-Sadek
EURUSD Strong MA squeeze most likely breaking downwardsThe EURUSD pair is on a very tight consolidation within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) for the past 3 days. The long-term pattern is a Channel Down and this correction can be the start of the new Bearish Leg. The 1D RSI pattern resembles the Bearish Leg of July - September 2023, which below the 1D MA50 targeting the 0.618 Fibonacci retracement level and the 1W MA200 (yellow trend-line) which also did another 2 times before. As a result our first Target is 1.07250 (Fib 0.618) and if we get a 1D candle closing below the 0.618 Fib, we will extend the target at 1.06500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURUSD 19 Jan 2024 W3 - Intraday Analysis - EU Con ConfidenceThis is my Intraday analysis on EURUSD for 19 Jan 2024 W3 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bearish OF Bullish In Discount 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged. OF currently is bullish after the Bullish CHoCH. Demand formed from the CHoCH is mitigated and still holding. But that Bullish OF is not coming from a HP POI so there is a high probability we will continue down unless we see Bullish OF holding and continuing. Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not. 3. Swing extreme demand for possible continuation to the upside. 15m Chart Analysis 1. Swing Bearish Internal Bullish Pullback Phase 2. INT Structure turned Bullish (iBOS) confirming a 15m Swing Low formed and the start of the 15m Swing pullback Phase. Expectation now is set to play the pullback phase as Bullish move till we reach a HP 4H Supply zone. Just to note that we didn't mitigate any POI to initiate the current Pullback. So be cautious that we may also continue Bearish till we mitigate the Daily/4H demand zone and from there we could continue the 4H Swing Bullish Continuation Phase. 3. Currently the new INT structure is Bullish and we had reached the extreme and price respected the INT Low and continued up. Expectation that we are going to target the INT High as long we respect the Swing Low. Also there is a high probability that we may break the Swing low as we didn't mitigate any HP POI to initiate a pullback.
by Amr-Sadek
EURUSD: Two sell signals for the medium term.EURUSD is bearish on the 1D timeframe (RSI = 35.647, MACD = -0.002, ADX = 40.063) as it maintains the declining trend since the December 28th High and the pattern that prevailed has been a Channel Down. Ahead of a 4H Death Cross, the 4H RSI is rising after being oversold two days ago on a technical Bullish Divergence that looks very much like the one that started on the previous LL and the one on December 7th. If the price crosses under the Channel Down bottom, it will be a bearish signal and we will short aiming at a -2.24% decline (TP = 1.07550). If the Channel Down stays intact, the Bullish Divergence should push it higher towards its middle trendline (approximately +1.00% rise) where we will short more comfortably and aim for a -1.40% decline (TP = 1.08050). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
EURUSD Daily - Bearish in trading rangeOn the weekly timeframe, we've seen a big drop and a bit of a correction, and now it looks like we're stuck in a trading range. But get this: the dips seem stronger than the climbs. Flipping over to the daily timeframe, we’ve had a couple of tries to break through the resistance zone, but no luck. What does this mean? Well, we might see a small bump up, but I'm thinking it'll fall again, probably at least to the bottom of the trading range.
Short
by Sober_Trading
EURUSD 18 Jan 2024 W3 - Intraday Analysis - ECB MinutesThis is my Intraday analysis on EURUSD for 18 Jan 2024 W3 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bearish OF Bullish In Discount 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged. OF is bearish within the Swing Pullback phase signaling that we still looking for deeper pullback to the next Daily/4H Demand zones. Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not. 3. Swing extreme demand for possible continuation to the upside. 15m Chart Analysis 1. Swing Bearish Internal Bullish Pullback Phase 2. Finally we are out of the range where the 15m Swing turned bearish signaling the expectation that if the Swing turned bearish then the 4H is having a deep pullback phase within the 4H Bullish Swing. After a BOS we expect a pullback phase to initiate and we will be looking for Bullish iBOS to confirm Swing Low and the initiation of the Swing pullback. I'll be cautious that after range we were in the momentum will be aggressive and pullback may not happen directly and following the current INT structure will be the safe option. 3. INT Structure turned Bullish (iBOS) confirming a 15m Swing Low formed and the start of the 15m Swing pullback Phase. Expectation now is set to play the pullback phase as Bullish move till we reach a HP 4H Supply zone. Just to note that we didn't mitigate any POI to initiate the current Pullback. So be cautious that we may also continue Bearish till we mitigate the Daily/4H demand zone and from there we could continue the 4H Swing Bullish Continuation Phase.
by Amr-Sadek
EURUSD 17 Jan 2024 W3 - Intraday Analysis - US Retail/ EU CPIThis is my Intraday analysis on EURUSD for 17 Jan 2024 W3 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bearish OF Bearish In Discount 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged. OF is bearish within the Swing Pullback phase signaling that we still looking for deeper pullback to the next Daily/4H Demand zones. Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not. 3. Swing extreme demand for possible continuation to the upside. 15m Chart Analysis 1. Swing Bearish Internal Bearish 2. Finally we are out of the range where the Swing turned bearish signaling the expectation that if the Swing turned bearish then the 4H is having a deep pullback phase within the 4H Bullish Swing. After a BOS we expect a pullback phase to initiate and we will be looking for Bullish iBOS to confirm Swing Low and the initiation of the Swing pullback. I'll be cautious that after range we were in the momentum will be aggressive and pullback may not happen directly and following the current INT structure will be the safe option. 3. INT structure is continuing bearish and i would expect the continuation bearish till we reach the Daily/4H Demand zone as current targets. No HP supply zone within the current INT structure as all are mitigated. I'll be waiting for the next INT structure for Shorts if we didn't reach the Daily/4H Demand zones first.
by Amr-Sadek
EURUSD 16 Jan 2024 W3 - Intraday Analysis - German CPI/ZEWThis is my Intraday analysis on EURUSD for 16 Jan 2024 W3 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m NOTE : Still price is ranging and i'm waiting for a break out of that range. Order flow on 4H is currently bearish within the INT Structure so my expectation is to stay bearish and may target the 15m Swing Low. A formation of Bearish Structure will indicate that the 4H Swing pullback is not yet done and we may have a deep pullback within the 4H Swing. 4H Chart Analysis 1. Swing Bullish INT Bullish OF Bearish Reached EQ 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones creating Bullish CHoCHs. Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme. With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If demand fails i would expect price continuing to the Swing extreme. Lets wait for LTF confirmations and price development. 3. Swing extreme demand for possible continuation to the upside. 15m Chart Analysis 1. Swing Bullish Internal Bullish At Swing Extreme Low 2. INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme. The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone. This demand is mitigated now and we are currently ranging. 3. It's clear now that after NFP and CPI the market is in indecision phase and needs a catalyst to get out of the range. For me price still Bullish until we have a Bearish Swing (Solid close below Swing Low) I'll be waiting for more price development outside the range we are currently in.
by Amr-Sadek
EURUSD New Low is expected after the 1D MA50 breaks.The EURUSD pair has had a strong rejection last time we looked at it on the 1D time-frame (December 28 2023, see chart below), getting rejected exactly on Resistance 1 (1.1151) towards the 1D MA50 (blue trend-line), which is so far holding: This is basically an update to this. We are on the exact same moments as August 11 2023, May 12 2023 and February 13 2023 when the 1D MA50 broke to the downside and the price turned it into Resistance. On all occasions the last Higher Low of the Channel Up was tested. This is why we maintain our medium-term target at 1.07250 (Support 1). Notice that the 1D RSI sequence is also similar to the August 2023 and February 2023 pre break-out consolidation (red circles). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
EURUSD 15 Jan 2024 W3 - Intraday Analysis - US HolidayThis is my Intraday analysis on EURUSD for 15 Jan 2024 W3 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m NOTE : No much development in price since NFP (2 Weeks). Can't see suitable option within that range knowing that it's a big range. But best is always wait for the setups that you are trained on and not to force a setup in current market behavior. 4H Chart Analysis 1. Swing Bullish INT Bullish Reached EQ 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones creating Bullish CHoCHs. Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme. With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If demand fails i would expect price continuing to the Swing extreme. Lets wait for LTF confirmations and price development. 3. Swing extreme demand for possible continuation to the upside. 15m Chart Analysis 1. Swing Bullish Internal Bullish At Swing Extreme Low 2. INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme. The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone. This demand is mitigated now and we are currently ranging. 3. It's clear now that after NFP and CPI the market is in indecision phase and needs a catalyst to get out of the range. For me price still Bullish until we have a Bearish Swing (Solid close below Swing Low) I'll be waiting for more price development outside the range we are currently in.
by Amr-Sadek
EURUSD 15-19 Jan 2024 W3 Weekly AnalysisThis is my Weekly analysis on EURUSD for 15-19 Jan 2024 W3 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 2. After the iBOS we expected pullback, price tapped into Liq on the lift and a Weekly demand zone which provided a pullback and formed a bullish CHoCH confirming INT Low. 3. With the Bearish INT Structure we have the confirmation that the Swing Pullback is over and we are currently in the Swing Continuation Phase. Price had reached the Bearish INT Structure extreme and showed reaction from. Still the OF is Bullish within the Pullback Phase and the Bearish CHoCH will be the first sign to confirm the Bearish continuation from the Weekly Supply. Expectation now set to see price continuing bearish. Daily Chart Analysis 1. Swing Bearish INT Bullish Reached Extreme 2. Within the Bearish Swing we are currently in, the Swing pullback reached the Swing extreme area and mitigated a Weekly Supply zone (But didn't reach the Daily Supply) and started the INT Structure Pullback after the Bullish iBOS. For the Bearish Swing to continue bearish, we want to see a Bearish iBOS to confirm that the Swing Pullback is over and we are in the Swing Continuation to target the Weak Swing Low. But currently the INT Structure still Bullish so there is also a possibility that we can still continue up. Following the recent INT Structure, Price swept LIQ from the recent Daily Demand zone and reached the INT Structure EQ where we can expect demand to step in and target the Weak INT High. Lets wait to see more price development and LTF to guide us. 3. Previous week PA was ranging within the INT Structure EQ. Crossroads now for price. 4. Daily and Weekly demand zones for reactions once reached. 4H Chart Analysis 1. Swing Bullish INT Bullish Reached EQ 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones creating Bullish CHoCHs. Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme. With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If demand fails i would expect price continuing to the Swing extreme. Lets wait for LTF confirmations and price development. Economic Events for the Week
by Amr-Sadek
EURUSD: Multi year top has been formed. Be among first to sell.EURUSD is neutral on all high timeframes with our focus on this analysis in particular being on the 1M timeframe (RSI = 51.643, MACD = -0.007, ADX = 25.957). The reason is because we want to keep ourselves aware of what the underlying long term trend is. And based on the 1M RSI it is bearish, as the indicator shows a peak. It is the same peak that for the last 10 years is formed (this is the 4th time) over the RSI's MA trendline and causes the price to make a LH. The long term pattern is a Channel Down after all and December has been the 2nd rejection on the 1M MA50 since July 2023. The minimum target is the 0.786 Fibonacci level (TP = 0.99185), which was the target after the February 2018 peak. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURUSD 12 Jan 2024 W2 - Intraday Analysis - US PPI DayThis is my Intraday analysis on EURUSD for 12 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m NOTE : Nothing changed much also yesterday even with CPI news. a whole ranging week and i wish we get out of that range today so we can have better opportunities next week. Wishing everyone a good weekend. 4H Chart Analysis 1. Swing Bullish INT Bullish Reached EQ 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones creating Bullish CHoCHs. Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme. With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme. Lets wait for LTF confirmations and price development. 3. Swing extreme demand for possible continuation to the upside. 15m Chart Analysis 1. Swing Bullish Internal Bullish 2. INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme. The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone. This demand is mitigated now we are currently ranging. For me it's clear now that market is waiting for CPI news today which will will provide us a clear view for next week. 3. After CPI news yesterday, we pushed above range high (NFP High) which enabled me after to mark INT Structure high as we did a CHoCH. Currently we still ranging inside the INT Structure. My Bias still Bullish till we see bearish Structures.
by Amr-Sadek
EURUSD Breakout and Potential retrace with today's CPIIn today's trading session, our attention is focused on EURUSD, with a keen eye on a potential selling opportunity around the 1.09700 zone. After breaking out of its uptrend, the pair is currently in a correction phase, edging closer to the retrace area at the 1.09700 support and resistance zone. Adding a fundamental layer to our analysis, the recent Consumer Price Index (CPI) data could play a pivotal role. The US dollar's strength, influenced by economic indicators such as CPI, may impact the overall direction of EURUSD. Traders should keep a close watch on the evolving market dynamics, especially considering the potential implications of USD strength on this currency pair. As always, trade safe. Joe
Short
by JoeChampion
1
EURUSD 11 Jan 2024 W2 - Intraday Analysis - US CPI DayThis is my Intraday analysis on EURUSD for 11 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m NOTE : Nothing changed since yesterday too, price still ranging since last Friday NFP and market waiting US CPI Today. 4H Chart Analysis 1. Swing Bullish INT Bullish Reached EQ 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones creating Bullish CHoCHs. Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme. With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme. Lets wait for LTF confirmations and price development. 3. Swing extreme demand for possible continuation to the upside. 15m Chart Analysis 1. Swing Bullish Internal Bullish At Swing Extreme Low 2. INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme. The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone. This demand is mitigated now and we are currently ranging. For me it's clear now that market is waiting for CPI news today which will will provide us a clear view for next week.
by Amr-Sadek
EURUSD 10 Jan 2024 W2 - Intraday Analysishis is my Intraday analysis on EURUSD for 10 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m NOTE : Nothing changed since yesterday too, price still ranging since last Friday NFP and market waiting US CPI on Thursday 4H Chart Analysis 1. Swing Bullish INT Bullish Reached EQ 2. Price made a bullish BOS and after a BOS we expect a pullback. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH. Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones creating Bullish CHoCHs. Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme. With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme. Lets wait for LTF confirmations and price development. 3. Swing extreme demand for possible continuation to the upside. 15m Chart Analysis 1. Swing Bullish Internal Bullish At Swing Extreme Low 2. INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme. The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone. This demand is mitigated now and we are currently ranging. For me it's clear now that market is waiting for CPI news tomorrow which will will provide us a clear view for next week.
by Amr-Sadek
Navigating the New Year: EURUSD at 1.08900 ZoneGreetings Traders, As we embark on the first trading week of the new year, our focus is squarely on EURUSD, where we are actively monitoring a potential buying opportunity around the 1.08900 zone. Positioned within a sturdy uptrend, EURUSD exhibits a clear upward trajectory, presenting strategic entry points for traders. Currently navigating a correction phase, the currency pair steadily approaches the trend at the pivotal 1.08900 support and resistance area, a level of historical significance and potential market influence. Examining the macroeconomic landscape, the recently released Consumer Price Index (CPI) data on January 2, 2024, revealed an actual inflation rate of 1.2%, exceeding both the forecast of 1.1% and the previous 0.8%. This upward movement in inflation has implications for market sentiment and may influence the Federal Reserve's approach in the upcoming months. Looking ahead, the next Federal Open Market Committee (FOMC) meeting is anticipated at the end of January 2024. Considering the most recent FOMC data on December 13, 2023, which reflected a steady interest rate of 5.50%, and the consistent dovish stance, traders should keep a watchful eye on the evolving monetary policy landscape. The commitment to maintaining the interest rate signals a cautious approach amid the backdrop of rising inflation. In the context of EURUSD, these fundamental indicators contribute to a nuanced analysis. The dovish sentiment in the monetary policy could potentially result in a weaker USD, enhancing the appeal of EURUSD for traders looking for buying opportunities around the 1.08900 zone. Staying informed and strategically aligning trading decisions with both technical and fundamental factors is crucial as we navigate the dynamics of the evolving market landscape in the weeks to come. Wishing you successful trades in the new year, Joe.
Long
by JoeChampion
3