Using Intra-day algorithms for trade entries. 43 R:R Trade!As of writing this (about 10 minute after recording this video) we did rebound perfectly off our level and are 3 points up ($900). If we were to close the trade now it would be a succesful 10 R:R trade. But we have daily algorithms for a reason.
I'll share updates on how the trade is going below on this post!
Hope this was helpful!! It's truly incredible how you can "Catch bottoms" and have such a tight stop loss utilizing both intra-day and daily algorithms.
Happy Trading all!
Intraday
XAU/USD 08 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains unchanged since yesterday (08/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bearish CHoCH which is the first structural indication, but not confirmation that bearish pullback is underway.
Expectation is for price to pullback to H4 POI or 50% EQ before targeting internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Swing and internal high yet to be confirmed, therefore, we are trading within a fractal high and internal low until we have confirmation of swing and internal high.
Intraday expectation is for price to continue bullish to target swing high.
As mentioned yesterday, price did target M15 POI before continuing bullish which followed by an iBOS.
However, request from HTF is for price to switch bearish to facilitate HTF pullback, therefore, a scenario is for price to target internal low.
M15 Chart:
EURUSD 8 Mar 2024 W10 - Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 8 Mar 2024 W10 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 and the possible POI to maybe start the Pullback is the 4H Supply above the Swing EQ.
But be mindful that we were ranging for a period of time and price just broke that range with momentum. Most probably we will have a deep pullback phase to the daily supply before we can initiate the 4H Bearish continuation phase.
Keeping my bullish bias till i see solid evidence with 4H bearish break of structure to confirm the 4H Continuation phase is starting.
15m Chart Analysis
1.
Swing Bullish
INT Bullish
Swing/Internal Pullback Back Phase
2.
Price continuing bullish with Bullish Swing BOS formation.
We had reached the 4H supply and we'd fully mitigated it which could provide bearish pressure to initiate the 15m Swing Pullback.
But be mindful that 15m Swing and 4H Internal Structures are solidly Bullish and we there is a HP we will continue up to mitigate the Daily/Weekly Supply.
Still on my Bullish Bias. Shorts will be in play once we have confirmed 15m Bearish BOS. Risky shorts will be with 15m Bearish iBOS.
3.
Swing Discount Zone and the last 15m/4H demand zone for potential reaction/longs when reached.
XAU/USD 07/03/2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bearish CHoCH which is the first structural indication, but not confirmation that bearish pullback is underway.
Expectation is for price to pullback to H4 POI or 50% EQ before targeting internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has now printed a bullish swing BOS.
Swing high yet to be confirmed, therefore, we are trading within an internal range until we have confirmation of swing high.
Intraday expectation is for price to continue bullish to target swing high.
Price could potentially target M15 POI before continuing bullish.
However, request from HTF is for price to switch bearish to facilitate HTF pullback, therefore, a scenario is for price to target internal low.
M15 Chart:
What is the secret of success? 🌴 Being Wrong is OKAY!Here is the 5 TIPS TO DO with your mistakes:
1. Acknowledge Your Errors
So often, we say things like, “It’s unfortunate, but market goes opposite me” or "SEC lawsuit crashed prices, so I lose" But blaming other people or minimizing your responsibility isn’t helpful to anyone.
Before you can learn from your mistakes, you have to accept full responsibility for your role in the outcome. That can be uncomfortable sometimes, but until you can say, “I messed up,” you aren’t ready to change.
2. Ask Yourself Tough Questions
While you don’t want to dwell on your mistakes, reflecting on them can be productive. Ask yourself a few tough questions:
• What went wrong?
• What could I do better next time?
• What did I learn from this?
Write down your responses and you'll see the situation a little more clearly, sometimes from different side. Seeing your answers on paper can help you think more logically about an irrational or emotional experience.
3. Make A Plan (checklist)
Beating yourself up for your mistakes won’t help you down the road. It’s important to spend the bulk of your time thinking about how to do better in the future.
Make a plan that will help you avoid making a similar mistake. Be as detailed as possible but remain flexible since your plan may need to change.
Creating checklist of trading criterias (for entry, for stop loss, for target etc) can be very helpful. Make sure you have it in front of your eyes before open a trade or close it.
4. Make It Harder To Mess Up
Don’t depend on willpower alone to prevent you from taking an unhealthy choice or from giving into immediate gratification. Increase your chances of success by making it harder to mess up again.
To prevent yourself from having instant loss split your deposit to several accounts and make sure you using only small part of it for "intraday" or "scalping" trading. Additionally split your deposit for Savings account and Spot trading. And if you new to trading use only about 15% of your investment to learn, and don't touch other part untill you gain good experience.
5. Create A List Of Reasons Why You Don’t Want To Make The Mistake Again
Sometimes, it only takes one weak moment to indulge in something you shouldn’t. Creating a list of all the reasons why you should stay on track could help you stay self-disciplined, even during the toughest times.
Create a list of all the reasons why you shouldn’t enter the market, it could be your emotional state, willing to revenge on the market or might be a price action setup, fundamentals or something else.
It will help to resist the temptation to enter bad trade.
Self-discipline is like a muscle. Each time you delay gratification and make a healthy choice, you grow mentally stronger.
Cycle of Trading Psycology tips:
HOW TO BALANCE YOUR LIFE AND TRADING
5 TIPS FOR SMALL ACCOUNTS
Savings Account GAINS explained
Simple Investing Strategy, Affordable for all!
Best regards,
Artem Shevelev
EURUSD 7 Mar 2024 W10 - Intraday Analysis - EU Rate / US JoblessThis is my Intraday analysis on EURUSD for 7 Mar 2024 W10 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 and the possible POI to maybe start the Pullback is the 4H Supply above the Swing EQ.
But be mindful that we were ranging for a period of time and price just broke that range with momentum. Most probably we will have a deep pullback phase to the daily supply before we can initiate the 4H Bearish continuation phase.
Keeping my bullish bias till i see solid evidence with 4H bearish break of structure to confirm the 4H Continuation phase is starting.
15m Chart Analysis
1.
Swing Bullish
INT Bullish
2.
After a Swing BOS we expect a Pullback.
INT structure is bullish and most probably will continue bullish after we broke the range.
Once internal structure turned bearish we will start the Swing Pullback Phase.
Expectation that we will continue bullish till the 4H Supply positioned above the 4H Swing EQ and maybe from there we will start the pullback.
Shorts are not considered until we reach a HP HTF POI.
3.
Swing Discount Zone and the last demand zone for potential reaction/longs when reached and depending on the situation.
BANK NIFTY INTRADAY LEVELS FOR 07/03/2024BUY ABOVE - 48020
SL - 47880
TARGETS - 48160,48310,48440
SELL BELOW - 47880
SL - 48020
TARGETS - 47750,47650,47500
NO TRADE ZONE - 47880 to 48020
Previous Day High - 48160
Previous Day Low - 47500
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 07/03/2024BUY ABOVE - 22500
SL - 22430
TARGETS - 22580,22650,22700
SELL BELOW - 22430
SL - 22500
TARGETS - 22380,22350,22310
NO TRADE ZONE - 22430 to 22500
Previous Day High - 22500
Previous Day Low - 22230
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
S&P 500 INTRADAY LEVELS FOR 07/03/2024BUY ABOVE - 5110
SL - 5100
TARGETS - 5118,5128,5140
SELL BELOW - 5092
SL - 5100
TARGETS - 5083,5077,5066
NO TRADE ZONE - 5092 to 5110
Previous Day High - 5128
Previous Day Low - 5092
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
XAU/USD 06 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the as yesterday's analysis (05/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1 following BOS'.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
H4 chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS.
We are now trading within an internal low and swing high.
Bearish CHoCH and internal low are located at the same position.
Price is currently in discount of EQ
Intraday expectation is for price to continue bullish to target swing high.
Price could potentially target M15 POI before continuing bullish.
M15 Chart :
EURUSD 6 Mar 2024 W10 - Intraday Analysis -US ADP / Powell day 1This is my Intraday analysis on EURUSD for 6 Mar 2024 W10 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Note: Nothing changed since yesterday except 15m Sub INT turned Bullish aligning with 15m INT and Swing Bullish
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.
After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback.
Price reached the 4H Supply as expected and showed solid reaction from there. This reaction is starting the Bullish INT Structure Pullback.
We didn't do a Bearish CHoCH to confirm INT High yet. So, there is a probability that price could tap into the CHoCH.
Also we tapped into a Daily Demand (Not a HP zone) which is currently containing price.
As the 4H Swing is bearish, the Swing pullback could be over after reaching the 4H Supply, Bearish CHoCH will be the initial weak conformation and a Bearish iBOS will be the solid confirmation for that scenario.
Other scenario is a deeper Swing Pullback and 4H INT will stay Bullish to facilitate that view.
15m Chart Analysis - Out
15m Chart Analysis - In
1.
Swing Bullish
INT Bullish
INT INT Bullish
INT Continuation Phase
2.
Swing turned bullish to facilitate the 4H Swing Pullback.
INT Structure still holding bullish adding to the expectation that the 4H Pullback is going to be deeper which will require the 15m to stay bullish.
3.
As we had a long period ranging within the INT Structure. We had formed Sub Internal Structure which turned bullish.
Sub INT structure aligned with INT and Swing to continue bullish. Still i expect price to target the Weak INT High.
Overall price is ranging and no momentum in the market which means that the market players are waiting for a catalyst today from US ADP and Powell Testifies today and tomorrow.
S&P 500 INTRADAY LEVELS FOR 06/03/2024BUY ABOVE - 5092
SL - 5083
TARGETS - 5100,5110,5120
SELL BELOW - 5077
SL - 5083
TARGETS - 5066,5057,5047
NO TRADE ZONE - 5130 to 5140
Previous Day High - 5110
Previous Day Low - 5057
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
GBPCAD Long For Scalpers and Day TradersGuys pls keep this pairs in to your watchlist dont jump in to the trade immediately since
market is very volatile and you will hit the stop loss and one more reason this pairr didn't
take the proper pullback pls be cautious.
Thats the reason I have not given your entry andd stoploss once I get some more data I wil update the same.
Guys Please like and follows to my ideas in order to give free premium calls
Thank You
NIFTY INTRADAY LEVELS FOR 06/03/2024BUY ABOVE - 22430
SL - 22400
TARGETS -22500,22580,22650
SELL BELOW - 22350
SL - 22400
TARGETS - 22310,22270,22230
NO TRADE ZONE - 22350 to 22430
Previous Day High - 2200
Previous Day Low - 22270
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 06/03/2024BUY ABOVE - 47550
SL - 47570
TARGETS - 47750,47880,48050
SELL BELOW - 47500
SL - 47570
TARGETS - 47360,47200,47080
NO TRADE ZONE - 47500 to 47650
Previous Day High - 47750
Previous Day Low - 47200
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
XAU/USD 05 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the as yesterday's analysis (04/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1 following BOS'.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS.
We are now trading within a fractal range.
Bearish CHoCH would indicate, but not confirm, that bearish pullback is underway.
Intraday expectation is for price to continue bullish until first structural signal, which is a bearish CHoCH, that pullback has initiated.
M15 chart:
EURUSD 5 Mar 2024 W10 - Intraday Analysis - EU PMI/PPI - US PMIThis is my Intraday analysis on EURUSD FOREXCOM:EURUSD for 5 Mar 2024 W10 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Note: Nothing changed since yesterday except 15m Sub INT turned Bullish aligning with 15m INT and Swing Bullish
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.
After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback.
Price reached the 4H Supply as expected and showed solid reaction from there. This reaction is starting the Bullish INT Structure Pullback.
We didn't do a Bearish CHoCH to confirm INT High yet. So, there is a probability that price could tap into the CHoCH.
Also we tapped into a Daily Demand (Not a HP zone) which is currently containing price.
As the 4H Swing is bearish, the Swing pullback could be over after reaching the 4H Supply, Bearish CHoCH will be the initial weak conformation and a Bearish iBOS will be the solid confirmation for that scenario.
Other scenario is a deeper Swing Pullback and 4H INT will stay Bullish to facilitate that view.
15m Chart Analysis
1.
Swing Bullish
INT Bullish
INT INT Bullish
INT Continuation Phase
2.
Swing turned bullish to facilitate the 4H Swing Pullback.
INT Structure still holding bullish adding to the expectation that the 4H Pullback is going to be deeper which will require the 15m to stay bullish.
3.
As we had a long period ranging within the INT Structure. We had formed Sub Internal Structure which is currently bearish.
The Sub Internal Structure failed to continue bearish several times and there is a High Probability that we are currently targeting the Sub Structure High (Green Line) to continue the Bullish INT Structure and target the Weak INT High.
Overall price is ranging and no momentum in the market.
BANK NIFTY INTRADAY LEVELS FOR 05/03/2024BUY ABOVE - 47500
SL - 47360
TARGETS - 47640,47750,47880
SELL BELOW - 47360
SL - 47500
TARGETS - 47200,47080,46900
NO TRADE ZONE - 47360 to 47500
Previous Day High - 47500
Previous Day Low - 47200
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 05/03/2024BUY ABOVE - 22430
SL - 22370
TARGETS -22500,22580,22650
SELL BELOW - 22350
SL - 22400
TARGETS - 22310,22270,22230
NO TRADE ZONE - 22350 to 22430
Previous Day High - 22430
Previous Day Low - 22370
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
S&P 500 INTRADAY LEVELS FOR 05/03/2024BUY ABOVE - 5140
SL - 5130
TARGETS - 5150,5160,5170
SELL BELOW - 5130
SL - 5140
TARGETS - 5120,5110,5100
NO TRADE ZONE - 5130 to 5140
Previous Day High - 5150
Previous Day Low - 5130
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
XAU/USD 04 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis is the same as yesterday's analysis (03/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1
Price has tapped into a H4 POI and reacted.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS. Internal range established.
Bearish CHoCH indicates, but not confirms, that bearish pullback is underway.
I have plotted sub-internal structure, which is denoted in red to gain a micro-view of the movement of price due to size of the internal structure range.
Intraday expectation is for price to continue bearish, react at M15 POI, or 50% EQ is discount before price continues bullish to target weak internal high.
M15 Chart:
EURUSD 4 Mar 2024 W10 - Intraday AnalysisThis is my Intraday analysis on EURUSD FOREXCOM:EURUSD for 4 Mar 2024 W10 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.
After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback.
Price reached the 4H Supply as expected and showed solid reaction from there. This reaction is starting the Bullish INT Structure Pullback.
We didn't do a Bearish CHoCH to confirm INT High yet. So, there is a probability that price could tap into the CHoCH.
Also we tapped into a Daily Demand (Not a HP zone) which is currently containing price.
As the 4H Swing is bearish, the Swing pullback could be over after reaching the 4H Supply, Bearish CHoCH will be the initial weak conformation and a Bearish iBOS will be the solid confirmation for that scenario.
Other scenario is a deeper Swing Pullback and 4H INT will stay Bullish to facilitate that view.
15m Chart Analysis
1.
Swing Bullish
INT Bullish
INT INT Bearish
INT Continuation Phase
2.
Swing turned bullish to facilitate the 4H Swing Pullback.
INT Structure still holding bullish adding to the expectation that the 4H Pullback is going to be deeper which will require the 15m to stay bullish.
3.
As we had a long period ranging within the INT Structure. We had formed Sub Internal Structure which is currently bearish.
The Sub Internal Structure failed to continue bearish several times and there is a High Probability that we are currently targeting the Sub Structure High (Green Line) to continue the Bullish INT Structure and target the Weak INT High.
Overall price is ranging and no momentum in the market.
BANK NIFTY INTRADAY LEVELS FOR 04/03/2024BUY ABOVE - 47360
SL - 47200
TARGETS - 47600,47750,47880
SELL BELOW - 47200
SL - 47360
TARGETS - 47080,46900,46750
NO TRADE ZONE - 47200 to 47350
Previous Day High - 47350
Previous Day Low - 46300
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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