Hi guys! Chern Yu back again. I will be talking about a potential EURUSD potential trade idea to long. Price is currently retracing back into the demand zone where we can look for potential longs. WIll be awaiting confirmations in the lower timeframe: 1. Break of Structure 2. Sweep of Liquidity 3. Mitigation of market inefficiencies 4. Tapping of the demand...
Hi everyone! I specialise in using smart money concepts to analyse price and charts. The timeframe is set on the H4 and price is structurally bullish with higher highs and higher lows being formed. The direction of price for EURUSD is dependent on the upcoming fundamental news of USD CPI next week which can affect the sentiments in the market. Technicals...
Hi guys! Chern Yu here~ My trading methodology revolves around smart money concepts and liquidity. This week's data releases from FOMC and NFP gave us plenty of clues as to where price will be headed to. Fundamental COntext - FOMC meeting: FED raised interest rates by 75bps. - Jerome Powell mentioned to increase the terminal rate and seemingly raising rates...
Hi everyone, today I will be analysing the recent H4 timeframe on EURUSD using Smart Money Concepts. The concept I would like to express today is the concept of liquidity along with demand and supply zone. Points: 1. Identifying the different liquidity zones is crucial 2. Price is currently resting on a demand zone but that does not mean price will rebound...
Hi everyone, today I will be talking about a possible EURUSD short trade using Smart Money Concepts. Trade Idea - Price rebounded off the fair value gap and market inefficiency as noted by the FVG zone. - Anticipating price to continue moving down in light of the upcoming FOMC meeting. - There is a possibility of FOMC pushing price further down. - Price is...
FX:EURUSD This week of November will most likely be the most important week of the year. Context EURUSD has been in a bear market for the entirety of 2022, falling a whopping 16.2% . As the year begins to round up, talks of a FED pivot has been in the air and resulting in an increased risk on sentiments that have resulted in 2 consecutive weekly bullish...