EURUSD 26-1 Mar 2024 W9 Weekly Analysis - US PCE/GDP Week
This is my Weekly analysis on EURUSD for 26-1 Mar 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly Chart Analysis
https://www.tradingview.com/x/ujK7DqmF/
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Daily Chart Analysis
https://www.tradingview.com/x/EvxVLnvh/
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4H Chart Analysis
https://www.tradingview.com/x/GxFMzrwq/
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Economic Events for the Week
https://www.tradingview.com/x/JvuXhHmb/
- Weekly
- Daily
- 4H
- Economic Events
Weekly Chart Analysis
https://www.tradingview.com/x/ujK7DqmF/
1.
- Swing Bearish
- Internal Bearish
- Reached Swing EQ
- (Pro Swing + Pro Internal)
2.
- After the Bearish 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.
- Price reached the INT Extreme and tapped the Weekly Supply Zone and as expected we are targeting at least the CHoCH and then the Weak INT Low.
- Price did the Bearish ChoCH and formed a fresh Supply zone which will be potential for shorts once reached to continue the Bearish INT structure and Swing too.
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 which resulted in a Bearish CHoCH.
- Expectation now set to see price continuing bearish.
Daily Chart Analysis
https://www.tradingview.com/x/EvxVLnvh/
1.
- Swing Bearish
- INT Bearish
- Swing Continuation / INT Pullback
2.
- Within the Daily Bearish Swing we reached the Swing extreme area and mitigated a Weekly Supply zone and formed a bearish iBOS confirming the Swing Pullback is over and we are Pro Bearish Swing and starting the Continuation Phase targeting the Weak Swing Low.
3.
- After the iBOS we expect a Pullback.
- After mitigating the Daily Demand zone we formed a Bullish CHoCH which confirmed the INT Structure Pullback Phase started.
- Expectations is set now for the INT Structure Pullback Phase to continue to the INT EQ up to the Daily/Weekly Supply. But be mindful that the Swing continuation can continue at any time.
- There is no HP POI for Shorts up to the Daily/Weekly Supply Zones.
- IMO Price could continue up to sweep LIQ from the INT Momentum Phase that leaded to the iBOS before we continue down.
4.
- Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
https://www.tradingview.com/x/GxFMzrwq/
1.
- Swing Bearish
- INT Bullish
- Swing Pullback Phase
2.
- After a BOS and iBOS we expect a Pullback.
- As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
- Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
- Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
- After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback.
- Price reached the 4H Supply as expected and showed solid reaction from there. This reaction is starting the Bullish INT Structure Pullback.
- We didn't do a Bearish CHoCH to confirm INT High yet. So, there is a probability that price could tap into the CHoCH.
- Also we tapped into a Daily Demand (Not a HP zone) which is currently containing price.
- As the 4H Swing is bearish, the Swing pullback could be done after reaching the 4H Supply, Bearish CHoCH will be the initial weak conformation and a Bearish iBOS will be the solid confirmation for that scenario.
- Other scenario is a deeper Swing Pullback and 4H INT will stay Bullish to facilitate that view.
Economic Events for the Week
https://www.tradingview.com/x/JvuXhHmb/
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