EURUSD 26/11/23Next up is euro to the US dollar this pair is also following the bias of British power to US dollar which is a very clear bullish push now we do have a swing low with an unmitigated POI but I will allow price to liquidate the lows that we have highlighted underneath our swing low for them possibly a shift higher but overall we are bullish on this pair until structure tells us otherwise.
Eur-usd
EURUSD 23 Nov 2023 Intraday Analysis - EUR PMI / US HolidayThis is my Intraday analysis on EURUSD for 23 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Before i start my analysis, i want to share the current trade that i planned it in my analysis yesterday in regards to the buy opportunity from the 4H Demand.
Current trade is based on the idea of following the Bullish structure on 15m and 4H and as long the 15m Swing is bullish, i'll be looking for longs from 4H demand.
This is the current long trade with SL now at BE as we reached the INT Bearish Structure Extreme Supply.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Swing low and last demand for potential buys.
3.
Following the bullish INT Structure, after the iBOS we pulled back to the structure extreme and mitigated the 4H demand.
Current expectation is to target the INT High. But be mindful that the Swing Pullback could happen at anytime and the current INT Bullish structure can fail to start the pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
Price in bearish INT Structure to facilitate the 15m Bullish Swing pullback.
We reached the discount and almost the extreme and mitigated a fresh 4h demand zone.
Most probably if this Swing is going to hold bullish, we are expecting the INT structure to turn bullish and target the Swing High.
3.
Current INT Bearish structure extreme supply zone which could provide short opportunities to continue bearish. But be mindful that we reached the discount and mitigated the 4H Demand.
EURUSD Bullish ExpectationThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF
- ETC
EURUSD 22 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 22 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.
We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure.
3.
Price still in a Bullish momentum after the 4H BOS.
We didn't mitigate the Daily/4H Supply yet but it did a CHoCH and confirmed INT High after the bullish iBOS.
Currently price in an INT Structure Pullback and most probably the 4H Demand will be a good area for Longs if there is conformation from LTF (15m)
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
As mentioned yesterday we were looking for a sign for the pullback and with the bearish iBOS we confirmed a Swing High and we are currently bearish to facilitate the Swing Pullback.
We didn't mitigate the Daily Supply, but keep in mind that price doesn't have to mitigate it before going down. Always follow the structure and what does it tells you and not to follow what you want price to do.
Most probably a pullback after the iBOS will be an opportunity for Shorts if we didn't tap into discount or deep in the Swing Discount. If we are in a deep pullback then most probably will look for longs from the 4H Demand zone.
EURUSD: Top of the Channel. Sell signal.After turning overbought on the 1D time-frame (RSI = 68.344, MACD = 0.008, ADX = 40.692) EURUSD made a HH at the top of the November Channel Up and got rejected. We expect a pullback all the way to at least the 4H MA50, and as it is confirmed by a MACD Bearish Cross, we are already short and targeting a little over the bottom of the Channel Up (TP = 1.08425).
See how our prior idea has worked:
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EURUSD Overbought 1D RSI after 4months. Strong 1year sell signalThe EURUSD pair is about to hit the 1.10000 target that we placed on our trading call (see chart below) earlier this month (Nov 06), and it might be a good idea to secure the majority of longs with at least an SL above 1.0900:
The target will complete a +5.48% rise from the bottom, which is the typical length of the standard rallies that the pair has given us inside the whole year 2023. With the price however hitting the 0.618 Fibonacci retracement level while the 1D RSI turned overbought above 70.00 for the first time in 4 months (July 18 last time), the selling pressure should start pilling up for the pair.
The last 3 times the 1D RSI was overbought within the past 12 months, the price broke under the selling pressure and declined at least by -2.37%, hitting (and once approaching) the 1D MA50 (blue trend-line). As a result, this is starting to fulfil most criteria for a starting sell entry. Despite the presence of Support 1 (1.08250) and the 1D MA200 (orange trend-line), we will aim for that -2.37% minimum (projected) decline and target 1.07650.
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EURUSD 21 Nov 2023 Intraday Analysis - FOMC Minutes DayThis is my Intraday analysis on EURUSD for 21 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.
We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure.
3.
Price still in a Bullish momentum after the 4H BOS.
We are approaching the Daily and 4H Supply zones which could provide a pullback. The pullback will be tough to play and will require a 4H Bearish iBOS which is currently far from here.
Most probably the LTF (15m) will give us a clue if there will be some relief for a pullback from this Daily/4H Supply Zones.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS we expect a pullback. Price still in the continuation phase and no signs of pullback starting. a Bearish iBOS will be the first sign.
Price is approaching the Daily and 4H Supply Zones, the Pullback could start from there but we need a confirmation (Bearish iBOS)
Playing the pullback will be after the bearish iBOS and be mindful that the pullbacks in nature is rough ride.
3.
The most probable demand zones within the new 15m Swing is the Extreme and the one above as both are below EQ (In Discount)
EURUSD | COULD HAVE A PULLBACK? SELLHey Traders!
Okay this trade is against the overall market trend which is typically bad news, however we are sitting a important monthly pivot line 1.09434 in combination with the overbought RSI + the recent bearish harami candlestick formation. I believe should have a pullback towards the 20 MA which is around 60 pips, if that breaks then surely it will drop further down. 📈✅
Since its a reversal trade, I would lower lot size, because the risk is always higher when trading pullbacks.
EURUSD 20 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 20 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.
We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure.
3.
After reaching the Daily/4H Supply, price started to show some reaction.
The CHoCH that happened just confirmed the INT High and it was only Sweep of Liquidity due to the aggressive bullish move.
Currently we have a Bullish iBOS and again we are expecting a Pullback which could start from the current 4H Supply or i prefer to Sweep the Liquidity above the Weekly supply and we will be starting a nice pullback to the 4H Swing and it could evolve to a Weekly / Daily bearish continuation.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After a BOS we expect a pullback. The first sign will be a CHoCH which price did but it created instead a bullish INT Structure. So the bearish iBOS will be a sign that the pullback is starting.
We are mitigating the 4H and Daily Supply zones and there is high probability that we will take these zones out as of the Weekly and Daily Liquidity required.
Playing the pullback will be after the bearish iBOS and be mindful that the pullbacks in nature is rough ride.
3.
The most probable demand zones within the new 15m Swing is the Extreme and the one above as both are below EQ (In Discount)
EURUSD 20 - 24 Nov 2023 Weekly Analysis - FOMC 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 and now price is targeting the CHoCH and the liquidity areas.
3.
Price currently within a Weekly Supply (FLIP) Zone which could be the zone to continue down. But it's not a high probability one as price didn't sweep any liquidity after the Bearish iBOS and most probably this supply zone will fail and we will sweep the Liquidity above it to the next and extreme supply zone of the bearish INT Structure.
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 above the INT High.
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.
Be mindful that price OF is so bullish and most probably this INT high will fail as it will be the Liquidity on the Weekly and we could tap into the Daily supply above to start the pullback and maybe the bearish of Daily/Weekly structure.
Let's watch LTF to guide us for potential shorts.
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.
We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure.
3.
After reaching the Daily/4H Supply, price started to show some reaction.
The CHoCH that happened just confirmed the INT High and it was only Sweep of Liquidity due to the aggressive bullish move.
Currently we have a Bullish iBOS and again we are expecting a Pullback which could start from the current 4H Supply or i prefer to Sweep the Liquidity above the Weekly supply and we will be starting a nice pullback to the 4H Swing and it could evolve to a Weekly / Daily bearish continuation.
Economic Events for the Week
EURUSD 17 Nov 2023 Intraday Analysis - EUR CPI DayThis is my Intraday analysis on EURUSD for 17 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.
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. Yesterday the CHoCH was below the 4H Demand (FLIP) down, which is far away for price to reach to indicate that the 4H is starting a pullback.
Put price yesterday with US news created a new high and for that the CHoCh is moved to the upside. If price did the CHoCH today and hold the supply formed that then there will be a better probability that that pullback is starting.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
Price did another Bullish BOS yesterday with US news. This means that in order for price to start the Swing pullback on the 4H, we want to see a break of the Swing Low in order to have a Bearish Structure on the 15m and the 4H will have the CHoCH which is an indication for the pullback.
Buys makes sense because the 15m Swing in still bullish but the HTF are looking for a pullback so there is more probability we will have this pullback soon.
3.
There are no unmitigated POIs in this Bullish Swing for longs. So the ChoCH on the 4H idea and the current 15m Swing low being near is adding for me a probability that we will take out the 15m Swing Low / 4H CHoCH to initiate the pullback.
Most probably Monday will be interesting to see the setup.
Have all a nice weekend.
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.
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: