EURUSD 18-22 Mar 2024 W12 Weekly Analysis – US Rates/FOMC
This is my Weekly analysis on EURUSD for 18-22 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly Chart Analysis
https://www.tradingview.com/x/8gHU7XAo/
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Daily Chart Analysis
https://www.tradingview.com/x/VgCqwj7M/
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4H Chart Analysis
https://www.tradingview.com/x/O8vrBukj/
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Economic Events for the Week
https://www.tradingview.com/x/hrP59BtY/
- Weekly
- Daily
- 4H
- Economic Events
Weekly Chart Analysis
https://www.tradingview.com/x/8gHU7XAo/
1.
- Swing Bearish
- Internal Bearish
- Reached Swing EQ
- Swing Continuation (Pro Swing + Pro Internal)
2.
- After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low.
3.
- Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
- Expectation is to continue bearish and target he Weak INT Low.
Daily Chart Analysis
https://www.tradingview.com/x/VgCqwj7M/
1.
- Swing Bearish
- INT Bearish
- Swing Continuation / INT Pullback
2.
- After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low.
- Also after iBOS we expected a pullback which we are currently in.
3.
- Price didn't reach a HP POI to continue down, but price seems to be reacting from the Liq on the left.
- In order for me to consider that the INT Structure Pullback is over, i need to see at least a Bearish CHoCH. So will be watching the Daily Demand Zone for possible continuation up to target he HP POI (Daily/Weekly Supply) or a Bearish CHoCH for me to start looking for Shorts to target the Weak INT Low.
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- Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
https://www.tradingview.com/x/O8vrBukj/
1.
- Swing Bearish
- INT Bullish / Continuation Phase
- 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.
- 4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
- After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
- Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
Economic Events for the Week
https://www.tradingview.com/x/hrP59BtY/
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