EURUSD 15 Jan 2024 W3 - Intraday Analysis - US Holiday
This is my Intraday analysis on EURUSD for 15 Jan 2024 W3 based on Smart Money Concept (SMC) which includes the following Time Frames:
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
https://www.tradingview.com/x/2KTZHn5s/
1.
2.
3.
15m Chart Analysis
https://www.tradingview.com/x/BGvW9BKz/
1.
2.
3.
- 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
https://www.tradingview.com/x/2KTZHn5s/
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
https://www.tradingview.com/x/BGvW9BKz/
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.