Structure
EURUSD 16 Jan 2024 W3 - Intraday Analysis - German CPI/ZEWThis is my Intraday analysis on EURUSD for 16 Jan 2024 W3 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Still price is ranging and i'm waiting for a break out of that range. Order flow on 4H is currently bearish within the INT Structure so my expectation is to stay bearish and may target the 15m Swing Low. A formation of Bearish Structure will indicate that the 4H Swing pullback is not yet done and we may have a deep pullback within the 4H Swing.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
OF Bearish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
At Swing Extreme Low
2.
INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone.
This demand is mitigated now and we are currently ranging.
3.
It's clear now that after NFP and CPI the market is in indecision phase and needs a catalyst to get out of the range.
For me price still Bullish until we have a Bearish Swing (Solid close below Swing Low)
I'll be waiting for more price development outside the range we are currently in.
EURUSD 15 Jan 2024 W3 - Intraday Analysis - US HolidayThis is my Intraday analysis on EURUSD for 15 Jan 2024 W3 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : No much development in price since NFP (2 Weeks). Can't see suitable option within that range knowing that it's a big range. But best is always wait for the setups that you are trained on and not to force a setup in current market behavior.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
At Swing Extreme Low
2.
INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone.
This demand is mitigated now and we are currently ranging.
3.
It's clear now that after NFP and CPI the market is in indecision phase and needs a catalyst to get out of the range.
For me price still Bullish until we have a Bearish Swing (Solid close below Swing Low)
I'll be waiting for more price development outside the range we are currently in.
EURUSD 15-19 Jan 2024 W3 Weekly AnalysisThis is my Weekly analysis on EURUSD for 15-19 Jan 2024 W3 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 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.
Previous week PA was ranging within the INT Structure EQ. Crossroads now for price.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
Economic Events for the Week
Trade Recap + Two Missed Positions (+10% Potential)In this recap I cover a short position I took on EURNZD with key details regarding the lower timeframes, followed by two missed positions. CADJPY has given me some direction on potentially a new entry I can include in my trading plan, whilst USDJPY I chose to stay out of due to high impact news. Double digit returns again in just one week, stay switched on guys!!
I LATE PUBLISHED THIS, BTC wyckoff schematic #1:Brace yourselves! The chart is a crystal clear warning siren for an impending crash in the Bitcoin market. What we're seeing here is the textbook setup of a Wyckoff distribution phase, a manipulative masterpiece played out by the smart money to trap unsuspecting retail investors before the rug is pulled.
Phase A was just the smart money dipping their toes, testing the waters for liquidity. Phase B, the buildup, was where they revved up the engines, creating a façade of a bullish frenzy, drawing in the crowd with the hype. But then, boom! Phase C hit with the Outthrust After Distribution (UTAD), the classic fake-out move. It's the smart money whispering, 'This is as high as we go, folks,' before they start offloading their bags onto the latecomers.
Now, as we edge into Phase D, the Sign of Weakness (SOW) has revealed itself. This isn't just a dip to buy; it's a cliff edge. The Last Point of Supply (LPSY) attempts are feeble, and the demand is drying up faster than a puddle in the Sahara.
And what's next? Phase E. The markdown. The avalanche. This isn't just going to be a correction; it's shaping up to be a freefall. The volume profile is whispering secrets of a sell-off that's ready to stampede. Those support lines? They'll snap like twigs under a boot. We're not just talking about testing lows; we're talking about rewriting the bottom line.
This is the moment where fortunes are lost, where the latecomers holding the line get burned. The chart is screaming caution. It's not a matter of if, but when. The crash is looming, and it's going to be cataclysmic. Don't be the one left holding the bag when the smart money has cashed out and left the building. This is your warning!
|
TO BE FORMAL AND PROFESSIONAL.
Here's a breakdown of the typical phases and events in the Wyckoff Schematic #1, as they might relate to your chart:
Phase A: This phase marks the stopping of the prior uptrend. Key elements include:
Preliminary Supply (PSY): Where large interests begin selling the coin and volume increases.
Buying Climax (BC): Where demand is fully satiated, and there is heavy buying from the public, leading to a sharp rally and subsequent sell-off.
Automatic Reaction (AR): The immediate sell-off after the buying climax, setting a range for the trading range (TR).
Phase B: This phase is characterized by building a cause for the new downtrend.
Secondary Test (ST): Where the market tests the supply and demand balance at the upper and lower bounds of the TR established in Phase A.
Upthrust (UT): A test above the TR that fails and falls back into the range, showing that demand is not strong enough to break through the supply.
Phase C: This phase indicates the readiness to leave the TR and begin a new downtrend.
Upthrust After Distribution (UTAD): A sign of weakness, where price goes above the TR again but attracts heavy selling from the smart money, confirming they are distributing their holdings.
Phase D: The price begins to move downward as the distribution phase is ending.
Sign of Weakness (SOW): Price action that moves below the support level of the trading range, suggesting that supply is overwhelming demand.
Last Point of Supply (LPSY): The final attempt to move up into the TR, which fails due to lack of demand.
Phase E: This is the markdown phase where the price declines.
The chart depicts a series of lower highs and lower lows, consistent with a bearish trend.
The annotations on your chart suggest that the analyst is anticipating a bearish market based on the Wyckoff distribution phases. They have marked out specific events and are forecasting a continued downtrend into the future phases (D and E). It's important to note that while Wyckoff's methodology is respected among some traders, it's not infallible and should be used in conjunction with other forms of analysis and risk management techniques.
The chart also includes some narrative annotations about market events, like SEC announcements, which the analyst is using to support their interpretation of the price action within the framework of the Wyckoff Method. These external factors are used to give context to the price movements and potentially indicate the actions of institutional investors.
I hope I was early to warn everyone but I did, just forgot to do it here in TradingView.
EURUSD 12 Jan 2024 W2 - Intraday Analysis - US PPI DayThis is my Intraday analysis on EURUSD for 12 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed much also yesterday even with CPI news. a whole ranging week and i wish we get out of that range today so we can have better opportunities next week. Wishing everyone a good weekend.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone.
This demand is mitigated now we are currently ranging.
For me it's clear now that market is waiting for CPI news today which will will provide us a clear view for next week.
3.
After CPI news yesterday, we pushed above range high (NFP High) which enabled me after to mark INT Structure high as we did a CHoCH.
Currently we still ranging inside the INT Structure. My Bias still Bullish till we see bearish Structures.
EURUSD 11 Jan 2024 W2 - Intraday Analysis - US CPI DayThis is my Intraday analysis on EURUSD for 11 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed since yesterday too, price still ranging since last Friday NFP and market waiting US CPI Today.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
At Swing Extreme Low
2.
INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone.
This demand is mitigated now and we are currently ranging.
For me it's clear now that market is waiting for CPI news today which will will provide us a clear view for next week.
EURUSD 10 Jan 2024 W2 - Intraday Analysishis is my Intraday analysis on EURUSD for 10 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed since yesterday too, price still ranging since last Friday NFP and market waiting US CPI on Thursday
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
At Swing Extreme Low
2.
INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a 15m/4H Demand zone.
This demand is mitigated now and we are currently ranging.
For me it's clear now that market is waiting for CPI news tomorrow which will will provide us a clear view for next week.
EURUSD 9 Jan 2024 W2 - Intraday Analysis - US Trade BalanceThis is my Intraday analysis on EURUSD for 9 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed since yesterday, price still ranging since last Friday NFP and market waiting US CPI on Thursday
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
At Swing Extreme Low
2.
After the recent Bullish BOS price started a series of Bearish INT Structures to facilitate the Swing Pull Back.
3.
INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a fresh 15m/4H Demand zone.
This demand is the last demand zone in order for the 15m Swing to stay bullish. If failed, then we will have a deeper push down and the 4H will have the second view for deep Swing Pullback.
EURUSD 8 Jan 2024 W2 - Intraday Analysis - EUR Retail Sales This is my Intraday analysis on EURUSD for 8 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
At Swing Extreme Low
2.
After the recent Bullish BOS price started a series of Bearish INT Structures to facilitate the Swing Pull Back.
3.
INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a fresh 15m/4H Demand zone.
This demand is the last demand zone in order for the 15m Swing to stay bullish. If failed, then we will have a deeper push down and the 4H will have the second view for deep Swing Pullback.
4.
Potential demand zone within the Swing extreme.
EURUSD 8-12 Jan 2024 W2 Weekly Analysis - US CPI WeekThis is my Weekly analysis on EURUSD for 8-12 Jan 2024 W2 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 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.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
Economic Events for the Week
EURUSD 22 Dec 2023 Intraday Analysis - US PCE / Last Post 2023This is my Intraday analysis on EURUSD for 22 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ/Extreme
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
After the iBOS we would expect a pullback but be mindful with the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price had mitigated the Daily/4H Supply zones and currently close to the Weak Swing High.
Price reacted as expected from the 4H demand zone and we are currently in the same momentum to target the 4H Weak Swing High.
In my POV the current reaction from the 4H/Daily Supply zones is not yet reflecting as a rejection as the reaction didn't achieve anything significant even no Fractal CHoCH. So as long we stay bullish and demand holding we are still solidly bullish.
Also as we are approaching the end of the year, moves will not be in momentum so i recommend to better observe the market and prepare yourself to the next year runs.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
We created a BOS as expected and we are in the Swing continuation to target the 4H Weak Swing High.
After a BOS we expect a pullback and first sign will be a Bearish CHoCH to confirm the INT High. But be mindful that we are in 4H Swing Continuation to i don't expect much pullback before we take out the 4H Weak Swing High.
A note from yesterday that the Internal to Internal Structure (Was mapped in Green) became now the Internal Structure.
Warning : ETH Showing signs of falling!As you know we are in a downside structure and this upside move is just for grabbing more liquidities.
Now ETH after grabbing IDM liquidity is under of DP orderblock and made minor Choch so it have a potantial of downside move to 883 $ .
If price moves up to 2460 $ the falling senario will be cancelled until the price reach 3700 $
This is my own idea and its not a financial advice.
EURUSD 21 Dec 2023 Intraday Analysis - US GDPThis is my Intraday analysis on EURUSD for 21 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE
Nothing changed much. Price still ranging without any clear momentum. It's the end of the year and with thin liquidity we will have such behaviors.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ/Extreme
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
After the iBOS we would expect a pullback but be mindful with the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price had mitigated the Daily/4H Supply zones and currently close to the Weak Swing High.
Price reacted as expected from the 4H demand zone and we are currently in the same momentum to target the 4H Weak Swing High.
In my POV the current reaction from the 4H/Daily Supply zones is not yet reflecting as a rejection as the reaction didn't achieve anything significant even no Fractal CHoCH. So as long we stay bullish and demand holding we are still solidly bullish.
Also as we are approaching the end of the year, moves will not be in momentum so i recommend to better observe the market and prepare yourself to the next year runs.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
INT INT Bullish
2.
After the Swing BOS price is currently in a Pullback Phase. INT structure turned bearish to facilitate the Swing Pullback.
Price currently is ranging due to the Pullback Phase and the Bullish Continuation.
Still our expectations is that price going to target the 15m / 4H Weak Swing High. This view will be invalidated temporarily if we created a bearish iBOS (Break of INT Low) which will lead to a deep pullback.
As i'm expecting price will not be clear as we are close to year end and liquidity becoming thin. Observation and working on personal improvements is the best practice currently.
BTC - For Now, We Wait ⏱Hello TradingView Family / Fellow Traders,
Based on my recent BTC analysis (attached on the chart), we anticipated a rejection from the blue circle zone, as it is the intersection of the lower bound of the channel and the 40,000 round number.
Now, what's next?
📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above the last major high marked in orange at 43,550.
In this case, a movement to the 48,000 resistance would be expected.
📉 Meanwhile , BTC would be stuck inside a range, but the bulls will remain in control as long as the 40,000 level holds.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
EURUSD 20 Dec 2023 Intraday Analysis - EU/US Consumer ConfidenceThis is my Intraday analysis on EURUSD for 20 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ/Extreme
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
After the iBOS we would expect a pullback but be mindful with the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price had mitigated the Daily/4H Supply zones and currently close to the Weak Swing High.
Price reacted as expected from the 4H demand zone and we are currently in the same momentum to target the 4H Weak Swing High.
In my POV the current reaction from the 4H/Daily Supply zones is not yet reflecting as a rejection as the reaction didn't achieve anything significant even no Fractal CHoCH. So as long we stay bullish and demand holding we are still solidly bullish.
Also as we are approaching the end of the year, moves will not be in momentum so i recommend to better observe the market and prepare yourself to the next year runs.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
INT INT Bullish
2.
Price created a bearish iBOS which confirms a Swing High.
We are currently in the Swing pullback phase which means we are in a short term bearish momentum to facilitate the Swing pullback.
We have some potential supply zones for Shorts to play the Swing Pullback as long we didn't reach the Swing EQ/Discount.
We had mitigated the extreme supply withing the INT structure but the INT INT Structure is Still Solid Bullish. We need an iiBOS to confirm that the INT pullback is over and we can look for Shorts to play the 15m Swing Pullback.
But be mindful that we are in the 4H Bullish Continuation Phase and we are targeting the Weak Swing High on 4H and also on 15m, so Shorts are risky that's why we need a solid structure breaks to confirm the bearish move.
NATGASNATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel.
Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2.8.
What you guys think of this idea?