EURUSD 19 Oct 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 19 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Analysis
1.
Bullish Swing
Bearish INT
2.
As expected, price made a CHoCH and confirmed INT Low. we are now in bearish continuation of the INT structure and price maybe targeting the INT Low.
We are at Swing Discount, Most probably that swing pullback will end and we can see Demand is holding which is a good sign that the swing pullback may have ended and we are targeting the Weak Swing High
3.
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4.
Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
5.
Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs
15m Analysis
1.
Swing Bullish
Internal Bearish
Sub Internal Bearish
2.
After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
INT structure turned bearish which complicate the current view now and for me i'll be waiting for INT structure to turn bullish to continue looking for buys.
Eur-usd
EURUSD: Expecting a drop with continued hawkish FEDThe data coming out of the US continues to support an additional hike this year, with all FED speakers continuing their hawkish stance to return inflation to the 2% target, so getting more likely there'll be a hike in November IMO.
Seeing stagflation in the EUROZONE, also real bond yields are positive in the US which makes the USD mo5re attractive, this all makes me bearish on this pair.
We saw a drop from highs in the DXY last week which suggests profit taking to me as we entered into the weekend with a US national holiday tomorrow.
I expect this pair to drop to channel bottom, will be watching the open price tomorrow and waiting for an entry in LTF's.
EURUSD: Channel Up may be emerging.EURUSD has turned sideways on the 4H timeframe (RSI = 41.862, MACD = 0.000, ADX = 24.424) as the Triangle pattern weighs, more importantly its LH trendline which hasn't broken yet. This is where the 4H MA200 stands and is the final Resistance standing before the pair turns bullish long term. Until then, we will take a short term buy on the HL and target the LH once more (TP = 1.05935). If the
It is more likely to hit the 1D MA100. A candle close over it, will be the bullish entry to look for for the medium term. Target the R1 level (TP = 0.39500). If the 4H MA200 breaks, the emerging Channel Up will be validated.
Prior idea:
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EURUSD 18 Oct 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 18 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Analysis
1.
Bullish Swing
Bearish INT
2.
As expected, price made a CHoCH and confirmed INT Low. we are now in bearish continuation of the INT structure and price maybe targeting the INT Low.
We are at Swing Discount, Most probably that swing pullback will end and we can see Demand is holding which is a good sign that the swing pullback may have ended and we are targeting the Weak Swing High
3.
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4.
Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
5.
Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs
15m Analysis
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
INT structure turned Bullish to confirm that the 15m Swing pullback is over and we will be targeting the Weak Swing High.
3.
Internal to Internal turned bearish to facilitate the Internal Structure Pullback.
Demand Zones now will provide opportunities to continue the INT and Swing Bullish continuation.
4.
The bullish INT structure is clear but i'm having the concern that the current INT Bullish structure is not showing that solid volatile trending which is corrective in it's behavior.
But following the OF, we still solidly bullish until we get demand failing and structure turns bearish.
EURUSD One of the lowest risk trades you can find.EURUSD is rising on Higher Lows despite the recent rejection on Resistance (1).
The price is extremely oversold on the long term time frames and in previous market bottoms it hit immediately the 0.5 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.06950 (MA50 1d).
Tips:
1. The MACD on the (1d) time frame is past a strong Buy Cross, much like the crosses of the previous bottoms. It shows that we targeting the MA50 (1d) at this point, even higher with Fibonacci 0.5, is indeed one low risk trade.
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Notes:
Past trading plan:
EURUSD to find buyers at market?EURUSD - 24h expiry
A Fibonacci confluence area is located at 1.0492.
Continued upward momentum from 1.0495 resulted in the pair posting net daily gains yesterday.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
The medium term bias remains bearish.
Further upside is expected and we look to set longs in early trade.
We look to Buy at 1.0545 (stop at 1.0517)
Our profit targets will be 1.0615 and 1.0635
Resistance: 1.0617 / 1.0640 / 1.0714
Support: 1.0495 / 1.0451 / 1.0323
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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EURUSD 17 Oct 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 17 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H
1.
Bullish Swing
Bearish INT
2.
As expected, price made a CHoCH and confirmed INT Low. we are now in bearish continuation of the INT structure and price maybe targeting the INT Low.
We are at Swing Discount, Most probably that swing pullback will end but there are no signs till now on the 4H TF.
The current 4H Demand at the INT structure extreme or the 4H Demand at the Swing Extreme could be the POIs to continue bullish.
3.
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4.
Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
5.
Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs
15m
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
INT structure turned Bullish to confirm that the 15m Swing pullback is over and we will be targeting the Weak Swing High.
3.
Internal to Internal turned bearish to facilitate the Internal Structure Pullback.
Demand Zones now will provide opportunities to continue the INT and Swing Bullish continuation.
EURUSD MACD Bullish Cross is about to reverse the bearish trend!The EURUSD pair is on the verge of a medium-term trend shift from bearish to bullish as:
1) Not only did it form the 1st MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross on the 4H time-frame since July 12
2) But also is about to complete the 3rd rising Bullish Cross on the 4H MACD.
Those two can give shape to a Channel Up pattern that will target the two main Resistance levels, the 4H MA200 (orange trend-line) at 1.06350 and the 1D MA50 (red trend-line) at 1.06850. Target 1 is neatly placed just under Resistance 1 while Target 2 near the top (Higher Highs trend-line) of the emerging Channel Up.
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EURUSD 16 Oct 2023 Intraday Analysis This is my Intraday analysis on EURUSD for 16Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H
1.
Bullish Swing
Bearish INT
2.
We are at Swing Discount, Most probably that swing pullback will start once we get a CHoCH
3.
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4.
Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
5.
Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs
15m
1.
Swing Bullish
Internal Bearish
2.
After the 15m BOS, we are expecting a Swing pullback which already confirmed by the iBOS.
Current INT structure stil bearish, our expectation is that we will do Bullish iBOS to confirm the 15m Swing pullback is over and we will be targeting the Weak Swing High
3.
Internal to Internal turned bullish to facilitate the Internal Structure Pullback
Still bearish over all on 15m and waiting for Bullish Internal structure iBOS
EURUSD 16-20 Oct 2023 Weekly AnalysisThis is my Weekly analysis on EURUSD for 16-20 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
Weekly
Daily
4H
Weekly
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
2.
After the iBOS we expect pullback, price tapped into Liq and a demand zone which showed a nice reaction that the pullback of the internal bearish structure maybe starting but still the OF is bearish
3.
Potential flip supply zone to continue the INT bearish structure and Swing bearish leg
But be mindful that the INT structure doesn't have IDM and the zone/CHoCH could be used as IDM and we will be in the Swing Discount
4.
Extreme supply within the bearish INT structure with Liq below it. A potential zone located in the Swing premium for continuation down
Daily
1.
Swing Bearish
INT Bearish
2.
After BOS we expect a pullback
CHoCH will be the first sign of maybe pullback is starting and yesterday price did a CHoCH confirming INT Low formation.
OF still bearish so we don't have confirmation yet that we are starting the pullback for the recent Bearish BOS
3.
As on the weekly, price swept Liq and tapped in a weekly demand zone but we didn't mitigate the daily demand zone below
Daily
1.
Swing Bullish
INT Bearish
1.
Swing Bullish
INT Bearish
2.
Price swept Liq from the previous INT low and broken and closed above the high forming another iBOS
3.
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4.
Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
5.
Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05700 support and resistance area.
Trade safe, Joe.
EURUSD 13 Oct 2023 Intraday Analysis This is an intraday analysis for EURUSD on 15m and 4H chart based on Smart Money Concept (SMC)
15m:
1
Swing Bullish
Internal Bearish
2
After the 15m BOS, we are expecting a Swing pullback which already confirmed by the iBOS.
As we are in Swing Discount the 15m and 4H Demand zones are currently providing opportunity for Longs to target the Swing High.
The concern now is that the INT is Bearish and current longs will be only a pullback to the bearish INT.
3
Internal structure turned bearish to confirm that the Swing pullback started
Chart:
4H:
1
Bullish Swing
Bearish INT
2
Price swept Liq from the previous INT low and broken and closed above the high forming another iBOS
3
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4
Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
Chart:
EURUSD: Time to turn bullish again?EURUSD is up almost +1.80% since the October 3rd low and the 1D technical outlook switched back to a neutral state (RSI = 48.454, MACD = -0.004, ADX = 28.741). The 1D MACD is after a Bullish Cross and that's typical of the last two market Lows turned into bullish reversals. To be more precise, both of those patterns formed W-reversals before testing the 1D MA50. Consequently, we expect a pull back now, that will be a buy opportunity targeting the 1D MA50 (TP = 1.06850).
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Buy EURUSD Channel BreakoutEUR/USD - H1 Chart - Channel Breakout Pattern
Its good chance to buy at Support Zone.
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Good Luck💛💛
EURUSD Still inside the Channel Down but Bullish MACD weighs.EURUSD has been quite profitable for us as of late (see chart at the bottom) as it delivered both the sell and bottom buy we wanted.
The price hit the top today and logically got rejected.
There is a Rising Resistance involved on the 0.618 Fibonacci level like on the August 30 Lower High.
As long as it doesn't close a 1day candle over the 0.618 Fibonacci, sell and target 1.05200.
If it does close over the 0.618 Fibonacci, then buy and target 1.07200 (course of 1day MA50 and Resistance A). The 1day MACD Buy Cross favors this case.
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EURUSD Still bearish but buy above the Channel Down.The EURUSD pair is emphatically breaking above the 4H MA100 (green trend-line) with the only time it has done so since this July Channel Down started being on August 30. The signal to sell has always been a 4H MACD Bearish Cross, so this is what we will wait for in order to lower the risk. If successful, we will target 1.0400 (-2.33% decline as the previous bearish legs). If however the price crosses above the Channel Down first and the 4H MA200 (orange trend-line) we will buy the break-out and target the 1D MA50 (red trend-line) at 1.0785.
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Weakness in DXY pushes EURUSD higherThe EURUSD approaches the 50% fib retracement level from the longer term and the resistance level of 1.0620
This move has been driven by the weakness of the DXY as markets consider the increased possibility that the Federal Reserve could continue to keep interest rates at the current level.
Look for the EURUSD to break above the immediate resistance level and trade higher to the next major resistance at 1.0740, with a possible hesitation at 1.0670