Intraday
EURUSD 26 Apr 2024 W17 - Intraday Analysis - US PCE Day!This is my Intraday analysis on EURUSD for 26 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15 Chart Analysis
Market Sentiment
PCE as the next hurdle: The release of the Personal Consumption Expenditures (PCE) data is the key event today. This data is a crucial inflation indicator for the US Federal Reserve.
Potential scenarios based on PCE:
Higher than expected PCE: This suggests stronger US inflation, which could bolster the USD. Investors might anticipate a more hawkish stance from the Fed (raising interest rates), making the USD a more attractive investment. This scenario could weaken the Euro.
Lower than expected PCE: This suggests cooling inflation, potentially weakening the USD. If inflation is under control, the Fed might be less aggressive with rate hikes, making the USD less appealing. This scenario could strengthen the Euro.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.
4.
With Sub-INT / OF is holding Bullish, I Still see more upside as long we hold the recent Sub-INT Low (Green Line).
Current Sub-INT structure doesn't have any clear Demand and we are currently within the Supply Zone formed during the news yesterday and with PCE today, i'd expect high volatility similar to yesterday.
Today for me is a day to analyze and not to trade 😃
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
With the Swing containing Bullish and Swing Low did hold the volatility yesterday, I couldn't find a clear POI within the Swing to continue Bullish except the Demand down.
Expectations with the current PA is that the Weak Swing High will get run. But be mindful that today US PCE news will have the market ranging till the news.
As indicated in the 4H analysis, Today is the day where you analyze and don't trade as more clear setups will be available next week.
3.
15m Demand for possible longs if we are continuing Bullish.
BANK NIFTY INTRADAY LEVELS FOR 26/04/2024BUY ABOVE - 48630
SL - 48500
TARGETS - 48800,48930,49050
SELL BELOW - 48400
SL - 48500
TARGETS - 48310,48220,48120
NO TRADE ZONE - 48400 to 48630
Previous Day High - 48630
Previous Day Low - 47730
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 26/04/2024BUY ABOVE - 22620
SL - 22570
TARGETS - 22670,22720,22770
SELL BELOW - 22510
SL - 22570
TARGETS - 22510,22430,22390
NO TRADE ZONE - 22510 to 22620
Previous Day High - 22620
Previous Day Low - 22320
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
XAU/USD 25 April 2024 Intraday Analysis H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms the initiation of pullback needed by all HTF's.
Following the bearish iBOS we now expect price to pullback.
As per yesterday's intraday expectation, we were seeing a reaction to a H4 flip zone. Price continued to trade to the upside wicking out of the H4 flip zone possibly sweeping liquidity.
Price then printed a bearish CHoCH which confirmed the internal structure.
Intraday expectation: Price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS
We are currently trading within an internal range with price stuck in between H4 supply and demand areas.
Price has printed a bearish CHoCH which indicates, but not confirms that pullback phase may be over.
Intraday expectation: Price to target weak internal low, however, price could potentially continue bullish, react from H4 or M15 supply level before targeting weak internal low.
M15 Chart:
EURUSD 25 Apr 2024 W17 - Intraday Analysis - US GDP / JoblessThis is my Intraday analysis on EURUSD for 25 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Euro's recent strength: The Euro has gained some ground against the USD lately, fueled by weaker US data and supporting the Pullback Phase after the YTD lows.
US data as a game changer: The upcoming US GDP and Jobless Claims reports are the main event. Strong numbers could significantly strengthen the USD, reversing the Euro's recent gains.
Cautious market: Investors are holding back until the data is released, creating a wait-and-see sentiment that could limit the Euro's upside potential specially with US PCE Inflation Report tomorrow.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.
4.
As price reached the 4H Supply with Bullish OF, price showed a bearish reaction as expected to facilitate a Pullback to recent Demand.
Price tapped into the 4H Demand and currently in the momentum to create a new high.
As indicated previously, the Liquidity on the left above the 4H Supply and possibly the Swing EQ are the targets.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Long: Phase A
Short: Phase C (Require Bearish iBOS)
2.
Price mitigation to the 4H Demand.
3.
Price turned bullish after mitigating the 4H Demand turning INT structure to Bullish.
With INT structure is Bullish, expectations are set that we are going to target the Weak Swing High.
But be mindful that we are still within the 4H Supply Zone that is partially mitigated yesterday so Phase A2 after the BOS will be tough. But Phase C will be applicable if we have a Bearish iBOS.
BANK NIFTY INTRADAY LEVELS FOR 25/04/2024BUY ABOVE - 48260
SL - 48120
TARGETS - 48400,48510,48670
SELL BELOW - 48120
SL - 48260
TARGETS - 48030,47940,47840
NO TRADE ZONE - 48120 to 48260
Previous Day High - 48260
Previous Day Low - 48030
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 25/04/2024BUY ABOVE - 22430
SL - 22360
TARGETS - 22470,22510,22570
SELL BELOW - 22360
SL - 22430
TARGETS - 22320,22270,22210
NO TRADE ZONE - 22360 to 22430
Previous Day High - 22470
Previous Day Low - 22390
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Sold Nifty Future Below 22440 for a gap fill-24th April ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:27 for Hindi Audio)
-No Trades in the morning
-Poor Volumes in nifty before 10
-Sold Nifty Future Below 22440 for a gap fill!
-How will i trade when market opens tom
EURUSD 24 Apr 2024 W17 - Intraday Analysis - US Durable GoodsThis is my Intraday analysis on EURUSD for 24 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
EURUSD is slightly bullish: The Euro is currently showing some strength, having gained yesterday strong Euro data and on weaker US data.
Market is cautious: Upcoming US inflation data is keeping investors cautious, potentially limiting gains for the Euro. US Durable Goods will be the watch today for volatility.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
As expected price reached the 4H supply with possible reaction from there.
Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
Bearish CHoCH will be the first sign fora bearish reaction from the 4H Supply.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Long: Phase A2
Short: Phase C (Require Bearish iBOS)
2.
Price had created another Bullish Swing BOS aligning with the HTF requirements for a Pullback.
Price had reached 4H Supply zone which could initiate the Swing Pullback Phase. For a PB phase to start we need a Bearish iBOS.
3.
Current INT Low is the 4H Fractal CHoCH
BANK NIFTY INTRADAY LEVELS FOR 24/04/2024BUY ABOVE - 48120
SL - 47940
TARGETS - 48260,48400,48510
SELL BELOW - 47940
SL - 48120
TARGETS - 47840,47700,47560
NO TRADE ZONE - 47940 to 48120
Previous Day High - 48260
Previous Day Low - 47940
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 24/04/2024BUY ABOVE - 22430
SL - 22360
TARGETS - 22470,22510,22570
SELL BELOW - 22360
SL - 22430
TARGETS - 22320,22270,22210
NO TRADE ZONE - 22360 to 22430
Previous Day High - 22430
Previous Day Low - 22360
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Scalped Sold Nifty Future At Vwap;Got out at Cost-23rd April ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:41 for Hindi Audio)
-No Trades in the morning
-No Volumes in nifty before 10;Vix dropped to 10.
-Scalped Sold Nifty At Vwap;Got out at Cost.
-How will i trade when market opens tom
EURUSD 23 Apr 2024 W17 - Intraday Analysis - EU/US PMI Day!This is my Intraday analysis on EURUSD for 23 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Today's EUR/USD Forex market is going to be influenced by big economic news. This includes updates on the Purchasing Managers Index (PMI) for both the Eurozone and the USA.
Right now, the EUR/USD pair is ranging as we get ready for today PMI updates. Both the US and Europe will be releasing their PMI numbers today.
These PMI numbers tell us a lot about how well the economy is doing and can really impact the EUR/USD. If the numbers come in higher than expected, it's likely good news for the currency, but if they're lower than expected, it could mean trouble for the currency.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
With the INT Structure Pullback Phase initiated after the Bullish CHoCH, Price is ranging within the Fractal High/Low. No clear direction and price is ranging between Weak Supply / Demand but expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Swing Continuation Phase
2.
Price is ranging within the Bullish 15m Swing with INT structure is shifting between Bullish/Bearish.
This is clear that we have a complex INT Structure which shows uncertainty of clear direction.
3.
With the current INT Structure is Bullish, Expectations is set to continue Bullish and run the Weak INT High to target the Weak Swing High as long the INT Strong Low holds.
BANK NIFTY INTRADAY LEVELS FOR 23/04/2024BUY ABOVE - 48120
SL - 47950
TARGETS - 48260,48400,48510
SELL BELOW - 47840
SL - 47950
TARGETS - 47700,47560,47400
NO TRADE ZONE - 47840 to 48120
Previous Day High - 48120
Previous Day Low - 47700
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 23/04/2024BUY ABOVE - 22360
SL - 22320
TARGETS - 22430,22470,22510
SELL BELOW - 22270
SL - 22320
TARGETS - 22210,22160,22100
NO TRADE ZONE - 22270 to 22360
Previous Day High - 22360
Previous Day Low - 22210
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
EURUSD 22 Apr 2024 W17 - Intraday Analysis - EU ConfidenceThis is my Intraday analysis on EURUSD for 22 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
The sentiment for the EUR/USD pair today is largely influenced by macroeconomic factors. On one hand, the Eurozone economy has been sluggish, which is holding back the Euro. On the other hand, the US Federal Reserve’s hawkish stance is keeping the US dollar underpinned.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
With the INT Structure Pullback Phase initiated after the Bullish CHoCH. Price had a deep PB to the 4H Demand formed.
Expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
Swing Continuation Phase
2.
INT Structure turned Bearish after mitigating the 4H Supply zone.
Sub internal is currently Bullish and there is a HP that the Strong INT High will get run based on the Bullish Swing Objective and the current Swing Continuation Phase.
3.
15m Demand Zones nested within a partially mitigated 4H Demand.
Wouldn't be much confident to look for long entries from here if we didn't have a Bullish BOS as when price is here it will mean that INT is so bearish that the current 15m Swing Low / 4H Low will be run.
BANK NIFTY INTRADAY LEVELS FOR 22/04/2024BUY ABOVE - 47700
SL - 47560
TARGETS - 47840,47950,48120
SELL BELOW - 47560
SL - 47700
TARGETS - 47400,47300,47200
NO TRADE ZONE - 47560 to 47700
Previous Day High - 47700
Previous Day Low - 46660
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 22/04/2024BUY ABOVE - 22160
SL - 22100
TARGETS - 22210,22270,22320
SELL BELOW - 22100
SL - 22160
TARGETS - 22050,22000,21960
NO TRADE ZONE - 22100 to 22160
Previous Day High - 22160
Previous Day Low - 21800
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍