Could EURUSD bounce from here?EUR/USD is falling towards a pullback support and could potentially bounce off this level and rise to our take profit.
Entry: 1.07998
Why we like it:
There is an overlap support level
Stop loss: 1.07621
Why we like it:
There is a pullback support which aligns with the 78.6% Fibonacci projection
Take Profit: 1.08573
Why we like it:
There is a swing high resistance
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Eur-usd
Buy EURUSD News BasedThe EUR/USD pair on the M30 timeframe presents a potentially ambiguous situation with an expanding triangle pattern. While this pattern can signal a breakout in either direction, some caution is advised before entering a long (buy) position.
Potential Long Trade :
Entry around: 1.0823 (current price)
Target Levels:
1.0880: This represents the upper trendline of the triangle, which could act as the initial upside target upon a confirmed breakout.
1.0900: This is a further extension of the upside target, based on the recent price movement.
Stop-Loss: Place a stop-loss order below the lower trendline of the triangle, ideally around 1.0807. This helps limit potential losses if the price breaks down from the triangle pattern.
Thank you.
EURUSD 27 Mar 2024 W13 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 27 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
4.
Current PA is still showing that the 4H Strong INT Low is holding but the OF is Bearish and Supply still in control.
A bullish CHoCH will indicate imo a HP confirmation for the INT Structure to continue bullish.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
Swing Continuation Phase
2.
After the Bearish BOS we expect a Pullback.
The 4H demand is already mitigated after the Bullish CHoCH on the 4H TF but seems to be some orders still remaining within the 4H Demand and the 4H Extreme which is providing the pullback for the Bearish iBOS.
Current PA is pointing to targeting the Weak Swing Low but again be mindful of the Strong INT Low on the 4H which is still holding.
Bullish iBOS will confirm imo a HP Bullish continuation.
3.
Price reached the reached the 15m FLIP Zone and initiated the INT Pullback which caused a bearish iBOS aligning again with the 15m Bearish Swing.
EURUSD 4H Death Cross emerging after +2 months.The EURUSD pair is ahead of the first Death Cross on the 4H time-frame since January 19 2024, trading within a Channel Down similar to January's. This technical symmetry suggests that every rebound is a short-term sell opportunity, with the 4H MA200 (orange trend-line) expected to turn into a Resistance until the next Bullish Leg.
One last rally towards 1.08750 is possible but as mentioned, for the next 2 weeks, we expect Support 1 (1.07950) to break and fall towards Support 2 (1.06950). We set a more modest target on the Symmetrical Support Zone at 1.07250.
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EURUSD Structured entry levels for buying and selling.EURUSD is on the 2nd Bearish Wave of the Rectangle since the start of the year.
That is in the form of a Channel Down, so far identical to the 1st.
This, along with the Fibonacci retracement levels offer stable entries for both buying and selling.
Trading Plan:
1. Sell on the current market price.
2. Sell on the next MA50 (4h) rejection after that.
Targets:
1. 1.07350 (bottom of Channel Down.
2. 1.07000 (bottom of Rectangle).
Tips:
1. The RSI (1h) is below its MA level, confirming that we are indeed on a downtrend structure.
Please like, follow and comment!!
Notes:
Past trading plan:
EURUSD 26 Mar 2024 W13 - Intraday Analysis - US Durable GoodsThis is my Intraday analysis on EURUSD for 26 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
4.
As expected, Price reached the 4H/Daily demand zone as referred to the deep INT Structure Pullback.
Price created a Bullish CHoCH at the INT Structure Extreme which is a sign that the deep pullback may ended and we could be in the Bullish move to target the Weak INT High.
More bullish price development on LTF is required to confirm the current expectations of continuation bullish.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
Swing Continuation Phase
2.
After the Bearish BOS we expect a Pullback.
After mitigating the 15m/4H Demand zones, INT Structure turned Bullish confirming the Swing Low and the Swing Pullback Phase started.
Expectations is set to for price to continue bullish till the Swing EQ/Premium to facilitate the Swing Pullback Phase.
3.
Price reached the 4H Supply and initiated the INT Structure Pullback which was also a HP supply zone for Shorts to continue the Swing Bearish Move.
INT Structure turned bearish aligning with the Bearish Swing for bearish continuation.
Expectation is set to continue bearish to target the Weak Swing Low. But be mindful that the 4H still bullish and we are in the 4H INT Structure Discount/Extreme and maybe we will stay bullish. Bullish iBOS will confirm the bullish scenario.
EURUSD 25 Mar 2024 W13 - Intraday Analysis - US New Home SalesThis is my Intraday analysis on EURUSD for 25 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
4.
As expected, Price reached the 4H/Daily demand zone as referred to the deep INT Structure Pullback.
Price created a Bullish CHoCH at the INT Structure Extreme which is a sign that the deep pullback may ended and we could be in the Bullish move to target the Weak INT High.
More bullish price development on LTF is required to confirm the current expectations of continuation bullish.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish
Swing Pullback Phase
2.
After the Bearish BOS we expect a Pullback.
After mitigating the 15m/4H Demand zones, INT Structure turned Bullish confirming the Swing Low and the Swing Pullback Phase started.
Expectations is set to for price to continue bullish till the Swing EQ/Premium to facilitate the Swing Pullback Phase.
3.
Swing Extreme Supply zones on 15m nested within the 4H Supply for HP Swing Bearish Continuation.
EUR/USD is Aiming for 1.07 zone (3/25/2024)Hello Traders
EUR/USD had some upward corrections from "14 Feb 2024" until "8 March 2024".
FED news(PPI, CPI, and interest rate) turned the table and changed the upward momentum into a downward movement.
Right now the price has broken the upward channel and made a pullback on it.
So we believe the price will reach lower levels.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EURUSD 24/3/24Starting off our week with the EU chart on the hourly timeframe, we broke our swing structures lower and shifted bearish to line up with the daily timeframe, we have 3 projections here for this chart we are currently in a bearish structure which you can see highlighted in this markup. i am expecting price to drop lower into our demand zone marked up in green and then to shift our swing structures bullish ready for the pullback to create the next high in price.
Alternatively we could have a bullish shift early on in the week then lead us into more bearish PA and our demand we have marked!
Either way the trend is set and the markets are open, trade what you are given not what you want to see!
EURUSD 25-29 Mar 2024 W13 Weekly AnalysisThis is my Weekly analysis on EURUSD for 25-29 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly
Daily
4H
Economic Events
Weekly Chart Analysis
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
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.
With the current PA, expectation is set to target the Weak INT Low and further to the Weak Swing Low.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
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.
4.
As expected, Price reached the 4H/Daily demand zone as referred to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
Economic Events for the Week
EURUSD 22 Mar 2024 W12 - Intraday Analysis - US Powell SpeaksThis is my Intraday analysis on EURUSD for 22 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
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.
4.
As expected, Price reached the Daily demand zone as refereed to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
As expected, price failed to continue bullish after the reversal of FOMC News.
With the Swing turning bearish, we confirmed the HTF bearish Continuation.
3.
Last HP POI on 15m/4H for price to continue the bullish Swing.
Longs makes sense from these POIs but with currently reversal of yesterday news, there is a HP that price will take out the Strong Swing Low to continue the 4H/Daily bearish structures.
EURUSD 21 Mar 2024 W12 - Intraday Analysis - EU PMI/US PMIThis is my Intraday analysis on EURUSD for 21 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
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.
4.
As expected, Price reached the Daily demand zone as refereed to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
15m Chart Analysis
1.
Swing Bullish
Swing Pullback Phase / Discount
2.
With FOMC news, price created a bullish BOS.
After the BOS we expect a pullback and currently price reached the Swing EQ and Discount zone.
3.
Last HP POI on 15m/4H for price to continue the bullish Swing.
Longs makes sense from these POIs but with currently reversal of yesterday news, there is a HP that price will take out the Strong Swing Low to continue the 4H/Daily bearish structures.
EURUSD 20 Mar 2024 W12 - Intraday Analysis - FOMC / Powell Day!This is my Intraday analysis on EURUSD for 20 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
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.
4.
As expected, Price reached the Daily demand zone as refereed to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
15m Chart Analysis
1.
Swing Bearish
Swing Continuation
2.
Price reached the 4H Supply and initiated the Bearish Swing Continuation Phase after the Bearish CHoCH.
3.
After the Swing BOS, the pullback phase initiated after the Bullish CHoCH.
EURUSD 19 Mar 2024 W12 - Intraday Analysis - EU ZEW / US HousingThis is my Intraday analysis on EURUSD for 19 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
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.
4.
As expected, Price reached the Daily demand zone as refereed to the deep INT Structure Pullback.
We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
15m Chart Analysis
1.
Swing Bearish
Swing Pullback Phase
2.
15m / 4H Supply Zones for possible shorts once reached. But be mindful that the 4H CHoCH is currently the 15m Swing High and there is a HP we will take it after mitigating the Daily Demand zone.
3.
After the Swing BOS, the pullback phase initiated after the Bullish CHoCH.
EURUSD 18 Mar 2024 W12 - Intraday Analysis - EU CPIThis is my Intraday analysis on EURUSD for 18 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
15m Chart Analysis
1.
Swing Bearish
INT Bullish
Swing Pullback Phase
2.
15m Swing turned which indicates that the 4H Internal Structure pullback is not over yet.
After a BOS we expect a pullback. Price didn't reach any HTF POI to initiate the pullback yet.
3.
After the Swing BOS, the pullback phase initiated after the Bullish iBOS.
Expectations is set for price to continue Bullish to Swing EQ / HP POI within the Swing Premium.
Bearish iBOS will confirm the Swing Pullback is over and there is a HP of targeting the Weak Swing Low. (Also it will reflect on the 4H to create a new low and new closer CHoCH instead of the current high one)
EUR USDMy analysis on EUR USD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Set and forget.
Trade carefully,
This is not financial advice, DYOR.
EURUSD 18-22 Mar 2024 W12 Weekly Analysis – US Rates/FOMCThis 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
Daily
4H
Economic Events
Weekly Chart Analysis
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
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.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
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
EURUSD 15 Mar 2024 W11 - Intraday Analysis - US Ind. ProductionThis is my Intraday analysis on EURUSD for 15 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
15m Chart Analysis
1.
Swing Bearish
INT Bullish
Swing Pullback Phase
2.
15m Swing turned which indicates that the 4H Internal Structure pullback is not over yet.
After a BOS we expect a pullback. Price didn't reach any HTF POI to initiate the pullback yet.
3.
After the Swing BOS, the pullback phase initiated after the Bullish iBOS.
Expectations is set for price to continue Bullish to Swing EQ / HP POI within the Swing Premium.
EURUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.09300 zone, EURUSD was trading in an uptrend and now seems to be attempting to break it out. if we get further dips below the support we will look for a potential retrace of the trend towards more lows.
Trade safe, Joe.
EURUSD 14 Mar 2024 W11 - Intraday Analysis - US PPIThis is my Intraday analysis on EURUSD for 14 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
15m Chart Analysis
1.
Swing Bearish
INT Bearish
Swing Pullback Phase
2.
15m Swing turned which indicates that the 4H Internal Structure pullback is not over yet.
After a BOS we expect a pullback. Price didn't reach any HTF POI to initiate the pullback yet.
3.
Price tapped into a previous 15m demand within a previous 4H demand that was partially mitigated.
15m Swing pullback could start at anytime but no yet confirmation as minimum as a bullish CHoCH.
EURUSD Short term sell signalEURUSD is getting rejected on the 0.618 Fibonacci retracement level of the 14 month consolidation range for 4 straight sessions.
This is bearish enough on its own, but it is also the symmetrical level where the price got rejected on June 22nd 2023 to marginally under the 0.5 Fib.
The 1day RSI patterns between then and now are very similar.
Sell and target 1.08500 (0.5 Fib).
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EURUSD 13 Mar 2024 W11 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 13 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
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.
15m Chart Analysis
1.
Swing Bullish
INT Bullish
Swing Continuation
2.
15m Swing turned Bullish which indicates that the 4H Bullish INT Structure Pullback maybe over.
After BOS we expect a pullback, INT Structure high is formed after the bearish CHoCH.
Expectations is for price to continue bullish to facilitate the 4H Bullish INT Structure continuation phase.