EURUSD 16 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 15 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Bullish Swing continuation happened as expected and we created a Bullish BOS.
After a BOS we are expecting a pullback and first sign will be a CHoCH. Currently the CHoCH is far away and i'm expecting price to create a higher CHoCH to initiate a sign that the pullback maybe starting.
We just formed IMO 1 demand zone within the Swing that it's also a FLIP to the supply formed. So most probably if we reached that level we will have potential longs.
3.
After reaching the Daily/4H Supply, price started to show some reaction. Still there is no Fractal CHoCH to indicate that may be the Pullback is starting. So we may have another push to the upside to mitigate the 4H Supply up before we start the Swing Pullback.
If price didn't create a new high, then we can look on the LTF to guide us for potential Pullback from the current Daily Zone.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
After a BOS we expect a pullback, with the Bearish iBOS, we confirmed 15m Swing High and the start of the Pullback.
Currently price in a series of bearish structures to facilitate the 15m Swing Pullback.
Following that bearish structure till we reach the Swing EQ or the INT Structure turns bullish to confirm that the pullback is over and we are in the Bullish Swing Continuation.
3.
Potential Supply zone for Shorts if we are continuing the Swing Pullback.
Eur-usd
EURUSD Sell signal at the top of the pattern.EURUSD reached and is getting rejected at the top of Bullish Megaphone pattern.
Technically every rejection inside this pattern has seen at least a 0.382 Fibonacci retracement.
Trading Plan:
1. Sell on the current market price.
2. Buy either on the MA50 (4h) or after a -1.35% decline is completed.
Targets:
1. 1.07980 (the 0.382 Fibonacci retracement level).
2. 1.09465 (Resistance (1)).
Tips:
1. The RSI (4h) is trading inside a Channel Up of its own. If it reaches its bottom before the pair hits either the MA50 (4h) or completes a -1.35% drop, ignore those and buy.
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Notes:
Past trading plan:
EURUSD Pull-back expected. Take advantage of it.The EURUSD pair followed the exact path that we pointed out on our last analysis (see chart below) as it gave a buy opportunity after a pull-back on the 1D MA50 and rebounded aggressively following yesterday's lower than expected U.S. CPI:
A new pattern has emerged since, a Bullish Megaphone, with the price hitting yesterday's its top (Higher Highs trend-line). We expect a technical pull-back and rebound either on the 0.382 Fibonacci retracement level or upon a -1.38% decline. Pay attention also on the 4H RSI Higher Lows Zone for a potential bottom. Our target is slightly lower now at 1.09750, which represents a +2.20% rise from the bottom, similar to the other two within the Bullish Megaphone.
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URUSD 15 Nov 2023 Intraday Analysis - US PPI DayThis is my Intraday analysis on EURUSD for 15 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Before the analysis. i want to note that as price moved a lot yesterday it becomes difficult to have a proper trade as the momentum is so bullish, can't long the highs or trying to follow the continuation of that volatility as you want to wait for price to pullback to proper and well defined POI's. On the other hand trying to play a pullback against this Bullish move will be rough and you need to have expectation that you could get caught several times trying to pick a high before the actual pullback.
Overall i'll be very cautious this week till we have a proper structure at least on the 15m to play accordingly. So lets start the analysis!
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Bullish Swing continuation happened as expected and we created a Bullish BOS.
After a BOS we are expecting a pullback and first sign will be a CHoCH. Currently the CHoCH is far away and i'm expecting price to create a higher CHoCH to initiate a sign that the pullback maybe starting.
We just formed IMO 1 demand zone within the Swing that it's also a FLIP to the supply formed. So most probably if we reached that level we will have potential longs.
3.
Price had fully mitigated a 4H supply within the Daily Supply zone. My expectation is if a pullback will start, there is a high probability that we can get this pullback from this zone.
But be mindful that price is so bullish and pullbacks will be a rough ride.
Will let the LTF (15m) guide me.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
Swing structure continuing bullish and we managed to create another Bullish BOS yesterday with CPI news as expected.
After a BOS we are expecting a pullback and first sign will be a CHoCH. Which we already did and we confirmed INT High currently.
If price wants to do a pullback i prefer to have the INT structure turning bearish first and then we can look for Shorts in the pullback phase.
Currently price had fully mitigated a 4H Supply within a daily supply zone. So, a bearish INT Structure will be a good sign that the pullback is starting.
Just be mindful that price is so bullish and pullbacks will be a rough ride.
3.
Possible demand zones for longs when we reach that levels
EURUSD 14 Nov 2023 Intraday Analysis - EUR ZEW+GDP - USD CPI DayThis is my Intraday analysis on EURUSD for 14 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Before the analysis today, i want to mention that as per my analysis yesterday i was not interested in Shorting EURUSD, Instead i wanted to go long for the following reasons:
We are in Pullback Phase on the daily.
4H Swing is Bullish and we may have finished the Swing Pullback and we are in the Swing continuation.
15m Swing is still bullish for me, so better to look for buys when price reaches some low POIs within the 15m Swing.
As this is the CPI week for USD and market is waiting for this news. If the forecasts are showing lower numbers that means USD will be weak and there is a chance that EURUSD will run up. So if i can position myself with the structure and the anticipation of News prior to news day, and if news comes in my favor; i'll be riding a nice run. If not, then nothing much to lose.
So i managed yesterday to position my self in and Long entry at 1.0673 based on the above knowing that i'm against the current INT Structure but in anticipation of maybe if price can hold the up side till news and news comes in my favor i can be holding a nice move.
Current screenshot from my trade.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
OF Bullish
2.
After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
Price had swept the Liq below the 4H zone and we could be now targeting the previous high formed.
Price is tapped into the 4H Supply zone and there is a probability of bearish move from there. But keep in mind that maybe the 4H Swing pullback is over and we are currently in Swing continuation.
Will let the LTF (15m) guide me for the move.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
S
wing Bullish
Internal Bearish
INT INT Bullish
2.
INT Structure is bearish and we reached the last part of the the supply zone on the left that was formed from the bearish iBOS.
Also after tapping into the 4H Supply, price reacted and formed bearish IN INT Structure but managed after to recover nicely which means that we still have a room to the upside.
What i'm looking for is to have a break of the current Strong Bullish INT High in order for us to continue up. Failure to do so, will result in a deep push to the down side containing that INT Structure bearish move and maybe a deep pullback on the 4H within the bullish 4H Swing Structure.
3.
The last unmitigated 15m Demand in this INT INT Structure to hold for possible continuation to the upside if we are going up.
EURUSD: Above the 1D MA200 2.5 months.The EURUSD pair reacted extremely positively on the lower than expected U.S. CPI, naturally so and crossed over the 1D MA200 for the first time since September 1st. The 1D technical outlook is almost overbought (RSI = 69.156, MACD = 0.004, ADX = 16.674) and even though some relief pullback is to be expected, this rally should complete by the end of the month a +5.55% rise from the bottom. This is our short term target (TP = 1.10215), which is at the top of the Channel pattern.
See how each bullish leg rises on a 1D RSI HL trendline and is almost of the same range (+5.55% and +5.98%). Technichally, if no bullish fundamentals distort this pattern, the pair should get rejected there and pull back to S1 (TP = 1.0655) early in January.
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EURUSD 13 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 13 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
OF Bearish
2.
After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
Price had swept the Liq below the 4H zone and we could be now targeting the previous high formed.
Failure to break the previous high will put us in a deeper pullback within the 4H Bullish structure.
Always will let the LTF (15m) to guide me.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
Price is in a series of unclear INT structures moving from bearish to bullish to bearish to bullish to bearish which is a clear indication of indecision and ranging.
Recent structure is bearish so most probably we will have the selling pressure from the 4H Supply zone and most of the 15m zones are mitigated there.
I'll be on the sideline until we turn INT bullish (iBOS) then will be looking to play the longs again. Shorts are not currently in my plan as 4H Swing and Daily OF are both still bullish, so will not play against.
3.
15m Demand is mitigated and most probably the INT low will be taken as we are in a bearish INT Structure.
EURUSD 13 - 17 Nov 2023 Weekly Analysis - CPI WeekThis is my Weekly analysis on EURUSD for 13 - 17 Nov 2023 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 expect pullback, price tapped into Liq on the lift and a demand zone which showed a reaction that the pullback of the internal bearish structure maybe starting but still the OF is bearish
3.
Potential flip supply zone to continue the INT bearish structure and Swing bearish leg.
Price didn't tap it yet and was close to it and started to move down.
Possibly that price had pulled back and in the continuation down which i don't prefer. Instead i prefer that price is targeting the Liq above the Flip zone for better move to the down side.
4.
Extreme supply within the bearish INT structure with Liq below it. A potential zone located in the Swing premium for continuation down
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
OF Bullish
2.
After BOS we expect a pullback
OF turned bullish to facilitate the Swing pullback and most probably we will continue bullish till we sweep Liq on the lift which reside below the Weekly and Daily Supply zones before we see bearish continuation.
Price swept the Liq above the Daily Flip zone and and didn't tap the Weekly/Daily supply zones yet.
The pullback after sweeping the liq is currently in progress and price could pullback to the daily demand before continuing up.
I don't like price to deeply pullback as it's for me a sign of weakness, but f we did pullback deep i'll watch how price will develop to continue bullish if possible.
3.
Weekly/Daily supply zone and the extreme of the bearish INT Structure which could provide a short opportunity if we are going to react from these zone.
Let's watch LTF to guide us for potential shorts.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
OF Bearish
2.
After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
Price had swept the Liq below the 4H zone and we could be now targeting the previous high formed.
Failure to break the previous high will put us in a deeper pullback within the 4H Bullish structure.
Always will let the LTF (15m) to guide me.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
Economic Events for the Week
EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD
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EURUSD Analysis 10-11-23We've been considering DXY strength across setups on the AUDUSD, NZDUSD, GBPUSD.
But what if the DXY does not strengthen, but instead, reverses lower?
Moves to the downside on the EURUSD have been held twice at the 1.0660 price level, which coincides with the 38.2% fib retracement level from the longer term.
If this support level continues to hold strong, this could be a good base for the EURUSD to bounce off and trade higher (especially if the DXY weakens)
EURUSD: Is That a Bullish Signal?!🇪🇺🇺🇸
EURUSD is testing a peculiar confluence zone based on 382 fibonacci retracement
of the last bullish impulse and a horizontal demand zone.
The price formed a doji candle on that on a 4H and as a confirmation -
a tiny double bottom on an hourly time frame.
I expect a pullback now to 1.0700, 1.0717
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EURUSDWillson came to visit bro 😁
The euro pared back its recent gains post-NFP with several US central bank speakers 'outperforming' their European Central Bank (ECB) counterparts. In particular, the Fed's Logan and Bowman emphasized the resilience of the US economy and the likely need for further interest rate hikes. In short, Fed officials will likely adopt a 'wait and see' approach as more data is needed after the recent NFP miss.
EURUSD Buy after one more drop.EURUSD is trading inside a Bullish Megaphone pattern.
The price is on the corrective wave towards the patterns bottom (Rising Support), currently supported by the 4hour MA50.
The minimum decline after a top has been -1.37%, which gives a first entry around the 1day MA50.
The maximum has been -1.65%, which gives an entry on the 4hour MA200. Essentially we have a 1.05775 - 1.06100 Buy Zone (the white circle).
You can buy either there of after the 4hour MACD forms a Bullish Cross or the 4hour RSI approaches its Buy Zone.
Target 1.08000, which is under the 1.382 Fibonacci extension, the level that formed the two last Highs of the Megaphone.
Previous chart:
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EURUSD 9 Nov 2023 Intraday Analysis - Powell Speaks 2nd DayThis is my Intraday analysis on EURUSD for 9 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
Price tapped into 4H Demand and bounced creating a Bullish CHoCH and forming a fresh Demand zone that could hold price for continuation up to the 4H Supply / Swing High.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
INT turned bearish confirming Swing High and the pullback started. After which we got a bullish iBOS which indicated that the pullback is over but we broken the strong low yesterday and price failed to continue down and we created again a Bullish iBOS.
This behavior ob Bullish Bearish-Bullish is solid bullish indication and will keep me in the bullish side of EURUSD to target the Swing High or at least the 4H Supply formed when we started the pullback.
3.
15m Demand for possible longs as long the Strong INT low will hold.
EURUSD Pull back underway. Buy at the bottom.EURUSD is trading inside a Channel Up for a little more than a month and currently is on a rejection pull back on its top.
Technically the pull back legs inside this pattern have been at least -1.35%.
Such a pull back will test the MA50 (1d) as Support for the first time since August 11th.
Trading Plan:
1. Buy on the MA50 (1d).
2. Sell if a (1d) candle closes under the Channel Up.
Targets:
1. 1.07900 (MA200 1d).
2. 1.05170 (Support 1).
Tips:
1. The RSI (1d) is trading inside a Channel Up also, with the MA line supporting. A break under it, can be used as an additional early sell indication for 1.05170.
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Notes:
Past trading plan:
EURUSD 8 Nov 2023 Intraday Analysis - Powell Speaks This is my Intraday analysis on EURUSD for 8 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
Expectations that as long this demand zone holds and the 15m OF stay bullish we can resume the bullish move and target the INT High.
The only concern that we didn't pullback to the 50% of the Swing which is something to pay attention to as we could visit the Swing 50% before we continue up.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
INT turned bearish confirming Swing High and the pullback is starting.
Price taped into the 4H Demand and created a bullish iBOS which indicate that the 15m Swing pullback is finished and we will continue the bullish move targeting the Swing High.
3.
4H Demand zone which includes 15m Demand that can provide potential buys to continue bullish.
4.
4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.
EURUSD: Still bullish but 1D MA50 pullback eyed.EURUSD hit all of our targets (charts at the bottom), made a HH at the top of the Channel Up but even though it crossed above the R1 level (1.07375) it failed to close over it and got rejected. The trend remains bullish on the medium term, as the 1D technical outlook suggests (RSI = 58.604, MACD = 0.001, ADX = 24.656) but we do expect a technical pullback to test the strength of the 1D MA50.
If the trend has indeed shifted from bearish to bullish, then the pair should close the 1D candles from now on over the 1D MA50. Additionally, the 1D RSI's HL trendline can offer Support. We are expecting a rebound around 1.06300, targeting the 1D MA200 and a new HH on the Channel Up (TP = 1.07900).
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EURUSD 7 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 7 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
As expected, price continued bullish and did a bullish BOS after sweeping the Liq from the previous Swing lows.
After a BOS we expect a pullback, but be mindful that all TFs are bullish in Structure or OF so most probably that bullishness will continue.
As we did a CHoCH on the 4H and iBOS on the 15m we can expect the pullback is starting after the BOS.
3.
4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15 Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
INT turned bearish confirming Swing High and the pullback is starting. expectation is that the pullback will continue to the 4H POIs and from there we can expect a change in the bearish OF and the INT will change to bullish.
3.
4H Demand zone which includes 15m Demand that can provide potential buys to continue bullish.
4.
4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.
EURUSD Bullish break-out above 1D MA50. Buy the pull-back.The EURUSD pair hit of the both targets (see chart below) we set on our recent idea (October 30):
The price broke and closed above the 1D MA50 (blue trend-line) for the first time since August 10, which is a major medium-term bullish break-out signal. The 1D MA200 (orange trend-line) is right above but technically after breaking Resistance 1 (1.07375), it eyes Resistance 2 next (1.09455).
The 1D CCI is on Higher Highs and this is consistent with the mid-rally consolidation on both of the previous rebound legs of the 2023 Megaphone pattern. In fact, every time the pair closed a 1D candle above the 1D MA50, it later pulled back on it to test it as a Support and resumed the rally. The eventual peaks have completed at least a +5.47% rise.
As a result, we are looking for a pull-back in order to buy again and target 1.1000 (less than +5.47% rise from the bottom).
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EURUSD SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰