EUR/USD Outlook ICT Concepts
EUR/USD Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on EUR/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
We expected the price to expand lower into the sell-side liquidity (SSL) and hit the equilibrium (50% of the range), which it did.
📍 Current Market Overview:
The current price is around 1.08337. The price is retracing higher to the Fair Value Gap (FVG) above. We need to see how the price interacts with this level—whether the FVG holds or if an Inversion Fair Value Gap (IFVG) is created.
🔍 Identifying Key Levels:
PMH: Previous Month High
PWL: Previous Week Low
PWH: Previous Week High
BSL: Buy-Side Liquidity
SSL: Sell-Side Liquidity
EQH: Equal Highs
FVG: Fair Value Gap, highlighting areas of imbalance
Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
📊 Key Considerations:
Current Price Position: The price is trading around 1.08337, with a recent sweep of the SSL and hitting the equilibrium.
FVG Interaction: The price is retracing higher to the FVG above, and we need to observe if the FVG holds or an IFVG is created.
SMT with GBP/USD: SMT (Smart Money Technique) with GBP/USD at the lows is another bullish confluence. The EUR swept the SSL, but the GBP did not reach that level.
Equal Highs: The EQH above the chart could be a target for the price.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
FVG Holds: If the FVG above holds, it could be a bullish signal.
SMT Confirmation: The SMT with GBP/USD at the lows adds to the bullish confluence.
Targeting EQH: The price could aim for the Equal Highs above the chart.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
Key Buy-Side Levels Taken: For a bearish scenario, we need one of the key buy-side levels to be taken.
Low Resistance Buy-Side Liquidity: In the lower timeframe, we create some low resistance buy-side liquidity and sweep them. After that, we could aim for lower prices.
🧠 SMT Explanation
Smart Money Technique (SMT):
SMT divergence occurs when two correlated assets, such as EUR/USD and GBP/USD, exhibit different price behaviors at their respective lows. In this case, EUR/USD created a lower low, while GBP/USD made a higher low. This SMT divergence indicates a bullish scenario for EUR/USD, suggesting that the lows below the SMT may act as protected levels.
📊 Chart Analysis Summary:
Bullish Expectation: The expectation is for the price to potentially continue higher if the FVG above holds and considering the SMT with GBP/USD. The target could be the Equal Highs above the chart.
Bearish Expectation: For a bearish scenario, we need either one of the key buy-side levels to be taken or in the lower timeframe, create some low resistance buy-side liquidity and sweep them. After that, we could aim for lower prices.
🙏 Thank you for joining us!
Exploring EUR/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on EUR/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
We expected the price to expand lower into the sell-side liquidity (SSL) and hit the equilibrium (50% of the range), which it did.
📍 Current Market Overview:
The current price is around 1.08337. The price is retracing higher to the Fair Value Gap (FVG) above. We need to see how the price interacts with this level—whether the FVG holds or if an Inversion Fair Value Gap (IFVG) is created.
🔍 Identifying Key Levels:
PMH: Previous Month High
PWL: Previous Week Low
PWH: Previous Week High
BSL: Buy-Side Liquidity
SSL: Sell-Side Liquidity
EQH: Equal Highs
FVG: Fair Value Gap, highlighting areas of imbalance
Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
📊 Key Considerations:
Current Price Position: The price is trading around 1.08337, with a recent sweep of the SSL and hitting the equilibrium.
FVG Interaction: The price is retracing higher to the FVG above, and we need to observe if the FVG holds or an IFVG is created.
SMT with GBP/USD: SMT (Smart Money Technique) with GBP/USD at the lows is another bullish confluence. The EUR swept the SSL, but the GBP did not reach that level.
Equal Highs: The EQH above the chart could be a target for the price.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
FVG Holds: If the FVG above holds, it could be a bullish signal.
SMT Confirmation: The SMT with GBP/USD at the lows adds to the bullish confluence.
Targeting EQH: The price could aim for the Equal Highs above the chart.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
Key Buy-Side Levels Taken: For a bearish scenario, we need one of the key buy-side levels to be taken.
Low Resistance Buy-Side Liquidity: In the lower timeframe, we create some low resistance buy-side liquidity and sweep them. After that, we could aim for lower prices.
🧠 SMT Explanation
Smart Money Technique (SMT):
SMT divergence occurs when two correlated assets, such as EUR/USD and GBP/USD, exhibit different price behaviors at their respective lows. In this case, EUR/USD created a lower low, while GBP/USD made a higher low. This SMT divergence indicates a bullish scenario for EUR/USD, suggesting that the lows below the SMT may act as protected levels.
📊 Chart Analysis Summary:
Bullish Expectation: The expectation is for the price to potentially continue higher if the FVG above holds and considering the SMT with GBP/USD. The target could be the Equal Highs above the chart.
Bearish Expectation: For a bearish scenario, we need either one of the key buy-side levels to be taken or in the lower timeframe, create some low resistance buy-side liquidity and sweep them. After that, we could aim for lower prices.
🙏 Thank you for joining us!
Exploring EUR/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
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Disclaimer
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