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.
LTF
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 6 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 6 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Bullish Swing
Bullish INT
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.
Will be looking for pullback to start once we tap into the Weekly/ 4H Supply zones that is price is approaching currently.
Will wait for LTFs to guide for maybe the Swing pullback is starting.
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 still bullish so we can continue longs but be mindful that the 15m Swing pullback could start at any time.
3.
4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.
29/08/23 Weekly outlookLast weeks high: $26824.0
Last weeks low: $26045.0
Midpoint: $25266.0
The weekly outlook starts on Tuesday this week due to the bank holiday. Despite a strong decline 2 weeks ago price has stabilised into a much tighter spread, almost like a sinewave across the midpoint.
Because of this for me personally there is no clear near term direction, however the longer term direction would seem to be bearish thinks to that new lower high after the pullback. We'll know for sure once a new lower high is posted.
If that happens, I would expect most of this years progress to be retraced back down towards the 19k area by the end of the year/Q1 2024.
For now there is not a lot to do as LTF chop is very difficult to navigate currently.
CPI (June)CPI YoY:
Forecast: 3.1%
Previous: 4.0%
Actual: ?
With CPI on the very near horizon, here are my thoughts on what Bitcoin could do in terms of price action:
Bullish scenario - We all know that CPI tends to be a volatile event with aggressive whipsaws in price in both directions irrespective of the outcome. Therefore there is an opportunity to capitalise on the frantic LTF price action.
For the bulls A good place to enter is the local range low if we see a reclaim after a demand zone sweep. I think this is fairly likely and ideally we see price move to the downside first upon the data release as in general, THE FIRST MOVE IS THE WRONG MOVE... following this initial move to the downside a reclaim would be primed for local highs in my opinion. If there is no reclaim then unfortunately there really isn't much support on the way down as BTC would seek to fill the FVG at 27K. A reaction off this level will leave BTC in a good place to attack 32.5k, reinforced with the ETF narrative and decision coming not too far down the line.
Bearish scenario - As was suggested previously, the first move is wrong, therefore the second move is the true move and for the bears it's the opposite to the bulls. If we see price move to the upside upon data release, I would like to see a SFP of the local range highs before entering short with the range midpoint as first target, then range low, then FVG as final target. If that LTF range high holds after being broken, I would like to see a strong wick up into 32.5K resistance and a reaction off this level to the downside and supply liquidity has been taken. Any slow grind up into this level would have me concerned as to BTC printing a swing fail and not just blasting through after consolidating. If that does play out then I would re-evaluate and stay in cash while doing so.
Reminder: First move is the wrong move.
CPI is usually very volatile and therefor risky. It's easy to FOMO into random positions as a gamble, the market usually wins in those positions.
GBPJPY 15M 02/05/2023 Currently, on the 15-minute timeframe, we are in a bearish trend formed by two changes in structure. Therefore, we are currently in a bearish range that goes from 171.604 to 169.952, with the latter being the liquidity point of the current bearish range. We have a demand zone in the area of 171.559 to 171.382, and the second zone is between 172.328 and 172.162. We could expect a reaction in both zones, provided we observe how the price orders approach these areas. Alternatively, we could wait for these ranges to be liquidated and broken to establish a new bullish trend and liquidate the liquidity points of the previously established ranges.
GBPJPY 1H 02/05/2023 Currently, on the one-hour timeframe, we are in a bullish range that extends from 168.713 to 172.094, with the latter being the liquidity point of the current range. We can look for a bullish reaction once the price reaches our potential area of interest between 169.387 and 168.729. Alternatively, if the price shows a marked downward movement, we could look for reactions to the upside at the second area of interest, which is between 167.368 and 166.431. However, if it reaches this zone with a double structure break, we could expect that the zone would be liquidated.
GBPJPY 4H 02/05/2023 Currently, in the 4-hour timeframe, we are in an uptrend range ranging from 165.422 to 172.328, with the latter being the liquidity point of the current range. We can also see that the price has left us two demand zones of interest in the areas of 167.388 to 166.431 and another from 165.991 to 165.648. When the price touches these areas, we can look for a reaction in favor of the main trend as long as we see how the price reached these zones. Alternatively, we can decrease the timeframe to follow the ranges that are being created in favor of the trend.
GBPJPY 1D 02/05/2023Currently, on the daily timeframe, we are in a bullish range that extends from 165.422 to 172.328, with the latter being the liquidity point of the current range. We can also observe that the price has left an unmitigated zone between 167.341 and 166.431, where we can expect a bullish reaction. Therefore, we can wait for the price to reach this zone to anticipate a possible reaction in favor of the trend, or alternatively, we can go down to lower timeframes to see what new ranges in favor of the trend are forming and can be traded.
EURUSD 15M 28/04/2023Currently, in the 15-minute timeframe, we are in an uptrend range that extends from 1.10158 to 1.09626, with the former being the liquidity point of the range. We have a demand zone at 1.09850. Personally, I would like to see a double structure breakout to the upside before considering a long position, as a single breakout could indicate a re-distribution, making the marked zone more likely to be liquidated. We must wait and see the price reaction or if the 2-hour range is broken with a strong candle.
EURUSD 2H 28/04/203 Currently, in the two-hour timeframe, we are in an uptrend ranging from 1.09659 to 1.10670, with the latter being the liquidity point of the range. Depending on how the price moves within our potential demand areas, we could consider two zones from a non-mitigated price perspective, which are 1.09865 to 1.09338. The price is currently mitigating the first of these zones, so we could expect a bullish reaction to enter a possible trade or descend to lower timeframes to follow the operable ranges in favor of the trend.
EURUSD 4H 28/04/2023 Currently, in the 4-hour timeframe, we are in an uptrend range that extends from 1.08960 to 1.10758, with the latter being the current range liquidity point. Following the structure and the ranges that have been created, we can identify two areas of interest: 1.09171 and 1.08571. These are the zones in which we can search for reactions to position ourselves in the bullish movement or alternatively, we could descend to lower timeframes to follow the new bullish ranges that are forming in favor of the trend.
USDJPY 1H 26/04/2023Currently, on the 1-hour timeframe, we are in a bearish range that goes from 133.94 to 133.01. We can also see that the structure has broken down multiple times, mitigating the larger demand zones. Therefore, we could expect two possibilities: firstly, the price could react to one of the marked gray demand zones, or alternatively, it could break the structure upwards without a pullback. This would signal a possible redistribution, and we could look for bearish ranges in lower timeframes to continue the established movement.
XAUUSD 26/04/2023Currently, on the 15-minute timeframe chart, we are within a bullish range that ranges from 2009 to 1991, with the former being the liquidity point of the range. Therefore, we could expect a bullish reaction in the zone ranging from 1998 to 1996. As long as the price does not close below this zone with a bearish candle, we can say that the zone is being absorbed in lower timeframes, and we can move down to lower timeframes to position ourselves in bullish ranges.
BTCUSD 1W 25/04/2023 Currently, on the weekly timeframe chart, we can see that the price has made an initial structural change to the upside. If it closes above the current range at 31,170 with a strong bullish candle, we could see that the double break of structure to the upside would result in a new weekly bullish trend that we could follow to anticipate a sustained and consistent upward movement.
XAUUSD 15M 25/04/2023In the 15-minute timeframe, we can see that the price has changed its trend to bullish. Therefore, we could look for some type of upward reaction to reach our zones of interest in higher timeframes. In this timeframe, we should wait for this range to be liquidated, either by closing above 1994 or by retracing to the zone between 1979 and 1976 to expect some kind of bullish reaction. However, we should always keep in mind the factors that are at play, as we would not be following the main trend, and we should be cautious. Moreover, we should note that the price has only broken to the upside once, so we would need to wait for a double breakout to be more confident about a bullish entry.
XAUUSD 1H 25/04/2023Currently, in the one-hour chart, we are within a bearish range that spans from 2011 to 1969, with the latter being the range's liquidity point in this time frame. We notice that the price did not close above the first gray zone, which ranges from 1998 to 1989, so if the price returns to this area, we could expect a bearish reaction. On the other hand, if the price touches our second zone, ranging from 2008 to 2005, without performing a pullback, we could look for a bearish reaction to liquidate the range.
SPX 15M 24/04/2023On the 15-minute timeframe, we are currently in a bearish range between 4144 and 4121, with the latter being the liquidity zone of the range. This makes it a potentially good target for a short trade. Currently, the price is retracing to the grey demand zone of the range, so with confirmation, one could enter a short position, anticipating the continuation of the trend and the liquidation of the 4-hour liquidity points.
SPX 1H 24/04/2023In the one-hour timeframe, we observe that the price has retraced to the grey zone around 4143 and has reacted favorably to the 4-hour trend. Once again, the price action is close to retracing to the same zone, which could indicate a potential short trade if entry criteria are met. Similarly, we can refer to smaller timeframes to observe new ranges forming in favor of the 4-hour trend
HTF direction LTF execution Hello traders
-In this example, we have explained the high probability setup after a reaction from a strong supply zone.
- Here, we have an entry after the reaction from the supply zone, which we will break down in detail in the following steps;
1) We can see that the price is in a downtrend, and supply has full control.
2) The price moves towards the supply zone, and make liquidity
3) In one move, the price picks up liquidity, and we see a good reaction from the supply zone.
4) An impulsive reaction from the supply zone tells us that we have a strong supply zone and we can expect a downtrend
5) After the reaction from the supply zone, we see a nice momentum, and then the price starts to pullback to our entry.
6) The price creates liquidity, that's another positive confirmation we see here.
7) We currently have everything we want to see, and the price from our entry is expected to continue impulsively towards the downtrend
- It is very important to read the PA in detail in order to understand the psychology behind the PA and to more easily recognize your high probability setup.
-Other people do not look at the market the way we do. They do not look at everything in detail. They don't know that this is necessary because if they do not understand the language of the market, they will have a lot of problems.
-It is hard, it requires time and hard work, and you need to be eager and well disciplined.
-Once we learn the language of the market and the way it communicates with us, we will always be able to understand what the market is saying to us.
- Don't forget to leave a like, if you have any questions, write us below in the comments.