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EURO - Price can bounce up from support area to resistance lineHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it rose to $1.1010 resistance level, which coincided with resistance area. But then, Euro made downward impulse to support area, exiting from channel and starting to trades in wedge. In wedge, price made fake breakout of $1.0780 level and then in a short time rose to resistance line of support line. After this, Euro fell below $1.1010 resistance level, breaking it, and then continued to decline. Later Euro declined to support level, and at once bounced to resistance line, but recently it fell back. Now, I think that Euro can decline to support area, after which price turn around and start to move up to $1.0860 resistance line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
EURUSD 2 Feb 2024 W5 - Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 2 Feb 2024 W5 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 Swing 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 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS. This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over. We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start. More price development needed with the current PA. 3. As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low. After iBOS we expected a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting. Price did the Pullback and failed after to break and close below the Weak INT Low. This leaded to target the High that failed to break the low. Still the INT is bearish but in point #2 we are assuming that Bullish Swing Continuation could start at any time so this could be the one. Bullish iBOS will be a solid sign for that. More Price development needed to assess better. 15m Chart Analysis 1. Swing Bearish INT Bullish Swing Extreme 2. Swing is Bearish after mitigating a HTF Supply. After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the15m Swing Extreme and 4H Supply Zone. INT Structure still bullish so there is HP to take out this Strong Swing High. On the Flip side, a failure to create a Bullish BOS and we get a Bearish iBOS will indicate that the Swing Pullback is over and we could be starting the Pro Bearish Swing Move. Today NFP so be cautious. 3. 15m/4H Demand zones for reaction when reached.
by Amr-Sadek
EURUSD Will the Fed's unchanged rate pressure the pair more?The EURUSD pair is extending its downtrend within the 1-month Channel Down and basically this is a quick update to our most recent analysis (January 19, see chart below) on the 1D time-frame: Following the Fed Rate Decision yesterday, which left it unchanged at 5.50% and made clear they are in no rush to cut rates, we think it would be helpful to look at the 4H time-frame again and identify additional trade opportunities. Based on the comparison with the previous Bearish Leg (dotted Channel Down, July - September 2023) of the long-term Channel Down (blue), yesterday's rejection on the 4H MA50 (blue trend-line) puts the price action on a similar level as August 22 2023. This suggests that after this rejection is completed, we will get one final rebound that shouldn't break the 4H MA200 (orange trend-line) and which should be the final sell opportunity before testing the 1W MA200 (yellow trend-line) and the 0.786 Fibonacci retracement level. Perhaps the ideal signal to enter this additional medium-term sell, would be when the 4H RSI turns overbought again at 70.00, similar to the August 30 (Lower) High. As you can see on the chart, our sell trading plan has Target 1 at 1.07500 and Target 2 at 1.06500 (1W MA200 contact). ------------------------------------------------------------------------------- ** 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
3
EURUSD 1 Feb 2024 W5 - Intraday Analysis - EU CPI - US PMI/JobsThis is my Intraday analysis on EURUSD for 1 Feb 2024 W5 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 Swing 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 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS. This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over. We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start. More price development needed with the current PA. 3. As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low. After iBOS we expect a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting. Price made a ChoCH yesterday confirming the INT Low and a Sweep of Liq to continue the bearish INT Structure. Currently we are going to take this INT Low and there is a high probability that the Swing Low is the target after. 15m Chart Analysis 1. Swing Bearish INT Bearish 2. Swing is Bearish after mitigating a HTF Supply. After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ. With the news yesterday price Swept Liq above the Strong Swing High and the 4H CHoCH to resume the move to the down side targeting the 15m Weak Swing Low. Most probably this Swing Low will be broken. 3. Currently price is in Bearish INT Structure and expectation that we will break the Swing Low. Just be mindful that Shorts now are not preferred as we are at the end of the move. Will wait to see if there is option for Pullback plays after the BOS or hold my hands this week for better opportunities next week.
by Amr-Sadek
EURUSD 31 Jan 2024 W5 - Intraday Analysis - FOMC Day!This is my Intraday analysis on EURUSD for 31 Jan 2024 W5 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 Swing 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 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS. This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over. We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start. More price development needed with the current PA. 3. As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low. After iBOS we expect a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting. We mitigated the 4H Supply and price reacted from there. Currently we don't have a Bullish CHoCH to confirm the INT Structure Pullback started (It's not a must but it's currently my mechanical approach to define Pullbacks). Price could continue down to create a new low and then the CHoCH position will be changed or Price will try again to create a Bullish CHoCH. Waiting for more price development 15m Chart Analysis 1. Swing Bearish INT Bearish Reached EQ 2. Swing turned Bearish again after mitigating a HTF Supply. After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ. Price reached and mitigated the 15m/4H Supply zones and INT structure turned bearish signaling the 15m Swing Pullback is finished and we are currently Pro Swing aligning with the Bearish Swing as expected. Expectations is that we will target the Weak Swing Low. 3. After INT Structure turned bearish (iBOS) we expect a pullback. The 15m Supply zone within the INT Structure is the only zone that can provide Short opportunity after confirmation. Be mindful that today there is heavy news for Germany, but the most waited news is the US ADP and FOMC/Powell Conference so volatility will be high.
by Amr-Sadek
EURUSD 30 Jan 2024 W5 - Intraday Analysis - EU GDP / US JobsThis is my Intraday analysis on EURUSD for 30 Jan 2024 W5 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 Swing 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 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS. This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over. We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start. More price development needed with the current PA. 3. As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low. After iBOS we expect a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting. Will be waiting for 15m to align with the 4H request to start a pullback. 15m Chart Analysis 1. Swing Bearish INT Bullish Reached EQ 2. Swing turned Bearish again after mitigating a HTF Supply. After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ. Expectation that we are going to target the 15m Weak Swing Low but be mindful that we are currently in Bullish INT Structure. 3. We are currently in Pullback Phase of the Bullish INT Structure. But after the 4H Bearish iBOS the momentum is to the down side. Shorts are the preferred option until the 15m Swing turns Bullish to facilitate the 4H INT Bearish Structure Pullback.
by Amr-Sadek
EURUSD 29 Jan 2024 W5 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 29 Jan 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bullish 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 demand zones and ranged. Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS. This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High. 3. Bullish INT Structure after mitigating the 4H/Daily demand Zones. As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase. If it failed, there is a high probability that we will target the 4H Swing Low. 15m Chart Analysis 1. Swing Bearish INT Bullish Reached EQ 2. Swing turned Bearish after failing at HTF Supply. After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ and mitigated the 4H Supply. Expectation that we are going to target the 15m Weak Swing Low but be mindful that we are currently in Bullish INT Structure and the 4H Demand formed after sweeping the LIQ below the 4H Strong INT Low. Wouldn't be much convinced to Short in a 4H Demand Zone. So waiting for more price development. 3. We are currently in Pullback Phase of the Bullish INT Structure and mitigating the 4H Demand Zone. With Swing is Bearish and INT Bullish and we are in Swing Discount, it makes it tough for me to prefer a trade. I'd prefer a new structure after the BOS down or iBOS up.
by Amr-Sadek
EURUSD 29-2 Feb 2024 W5 Weekly Analysis - EUR CPI - US FOMC/NFPThis is my Weekly analysis on EURUSD for 29-2 Feb 2024 W5 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. We still in the Daily Pullback Phase and price reached the last Daily demand zone. As Swing is Bearish, Expectations that there is a high probability that we will take the Strong INT low. On the Flip Side (Bullish) we could hold the current Demand/INT Low to target the Weak INT High. Lets wait to see more price development and LTF to guide us. 3. Price had mitigated the adjusted Supply zone (Was mapping only the Inside Bar) that caused the bearish CHoCH and continued down. Current PA is so corrective and doesn't have any momentum. 4. Daily and Weekly demand zones for reactions once reached. 4H Chart Analysis 1. Swing Bullish INT Bullish 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 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS. This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High. But be mindful that the OF is so bearish in the Swing Pullback Phase and Demand is not holding and we see momentum. And with the Daily Bearish Swing there is a high probability that we will continue down. So be cautious with the Bullish Structures as it could be only Fake-Out. More price development needed with the current PA. 3. Bullish INT Structure after mitigating the 4H/Daily demand Zones. As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase. We have seen that Price swept the LIQ below the Strong INT Low and created a Bullish CHoCH but still Supply in Control. If the last demand created from the LIQ sweep failed and we confirmed a close below the INT Low, My expectations will be that the Daily Swing Continuation in Play and we will take the Current 4H Swing low and Daily INT Low. This week is so volatile as we have EUR Zone GDP and CPI also USA FOMC and NFP. So be cautious this week. Economic Events for the Week
by Amr-Sadek
EURUSD 26 Jan 2024 W4 - Intraday Analysis - US PCEThis is my Intraday analysis on EURUSD for 26 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bullish 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 demand zones and ranged. Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS. This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High. 3. Bullish INT Structure after mitigating the 4H/Daily demand Zones. As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase. If it failed, there is a high probability that we will target the 4H Swing Low. 15m Chart Analysis 1. Swing Bullish INT Bearish INT INT Bearish At Swing Extreme 2. Swing turned Bullish after mitigating the 4H/Daily Demand zones as expected yesterday. After the BOS we expect a 15m Swing pullback which we are already in this phase after the Bearish CHoCH. INT Structure turned bearish to facilitate the 15m Swing Pullback. 3. Price currently at the Extreme Swing low and there is a high probability that we are going to take the 15m Strong Swing Low according to the Bearish PA.
by Amr-Sadek
EURUSD's Strategy Amid US Core PCEIn tomorrow's trading session, EURUSD enthusiasts are eyeing a buying opportunity around the 1.07400 zone. As the pair navigates its uptrend amidst a correction phase, attention turns to the impending US Core Personal Consumption Expenditure (PCE) Price Index m/m event. This economic indicator, a measure of inflation, holds significant sway over USD strength and weakness in the forex arena. The previous PCE data reveals a fluctuating trend, with December showcasing a 0.1% reading against a forecast of 0.2%. This variance sets the stage for tomorrow's announcement, where expectations lean towards a potential soft print. A deeper dive into the PCE's influence on USD dynamics underscores its pivotal role in shaping market sentiment. A dovish print tomorrow could further dampen USD's allure, potentially fueling EURUSD's upward momentum. In tandem with this fundamental analysis, technical considerations come into play. The 1.07400 support and resistance area serves as a critical juncture for EURUSD's near-term trajectory. Traders keen on capitalizing on potential USD weakness may find strategic entry points amidst this correction phase. As we await the unfolding of tomorrow's events, traders are urged to approach the market with caution and vigilance. The interplay between fundamental forces and technical setups presents both opportunities and risks, highlighting the need for a well-rounded trading strategy. Trade safe, Joe.
Long
by JoeChampion
3
EURUSD 25 Jan 2024 W4 - Intraday Analysis - EU Rate / US GDPThis is my Intraday analysis on EURUSD for 25 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames: 4H 15m 4H Chart Analysis 1. Swing Bullish INT Bullish 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 demand zones and ranged. Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS. This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High. 3. Bullish INT Structure after mitigating the 4H/Daily demand Zones. As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase. If it failed, there is a high probability that we will target the 4H Swing Low. 4H Chart Analysis 1. Swing Bullish INT Bullish INT INT Bearish Pullback Phase 2. Swing turned Bullish after mitigating the 4H/Daily Demand zones as expected yesterday. After the BOS we expect a 15m Swing pullback which we are already in this phase after the Bearish CHoCH. Currently price reached the EQ and 15m/4H demand zones for potential continuation of the Bullish Swing and targeting the Weak Swing High. The 4H Demand is big so be cautious of a deeper pullback within the Swing. My expectations that we will continue Bullish as long we don't close below the 15m Swing Low. 3. Extreme 15m Swing Demand.
by Amr-Sadek
EURUSD 24 Jan 2024 W4 - Intraday Analysis - EU PMI / US PMIThis is my Intraday analysis on EURUSD for 24 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 demand zones and ranged. Price reached the 4H/Daily demand zones as expected after breaking the range. Still the OF is bearish and if the 4H Bullish swing is going to continue Bullish we need to see bullish reaction at least a bullish CHoCH. On the flip side, if these demand zones failed to hold, there is a high probability that the Bearish Daily/Weekly structures are in play and we are in a HTF Bearish move. Let's see the LTF development to have a clear guide. 3. Price reached the Swing extreme 4H demand and Daily for possible continuation to the upside. As OF is bearish we need to see the formation of demand at least with a Bullish CHoCH and that demand to hold. 15m Chart Analysis 1. Swing Bearish Pullback Phase 2. Swing continued Bearish with the recent BOS. After the Swing BOS we expect a Pullback to start, which is currently reacting from the 4H/Daily Demand zones. As per the structure, expectations that the Swing will continue bearish and there is a potential short plays from the 15m/4H Supply within the Swing. (This will solidify the point that the 4H Swing low is the target) But be mindful that we had mitigated a HTF POIs (4H/Daily Demands) in a Bullish 4H Swing so there is also high expectations that the current 15m Swing High could be taken out and turn bullish to confirm the 4H Swing Pullback is over and we are in the 4H Bullish Swing Continuation. Following the structure is the optimum way and we have now 2 scenarios with HTF narratives. Lets wait for price to guide us. 3. Price had tapped into 4H/Daily demand zones and initiated the 15m Swing Pullback. After the ChoCH we will have a confirmed Swing Low.
by Amr-Sadek
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