Liquidity
Liquidity Hunt PatternLiquidity Hunt Pattern
Uncover Hidden Opportunities in the Market
Introduction:
The Liquidity Hunt Pattern is a powerful technical analysis tool that helps traders identify potential turning points in the market. By understanding how this pattern forms and its implications, traders can gain an edge in uncovering hidden opportunities and making informed trading decisions.
What is the Liquidity Hunt Pattern?
The Liquidity Hunt Pattern is characterized by a series of price movements that create a distinct "W" or "M" shape on the chart. This pattern forms when large institutional players, known as "liquidity providers" enter the market to buy or sell large quantities of assets. Their actions create temporary imbalances in supply and demand, leading to price swings that can be exploited by astute traders.
Identifying the Pattern:
The Liquidity Hunt Pattern consists of three key elements:
The "W" or "M" shape: This is the most recognizable feature of the pattern and is formed by a series of price swings that create the distinctive letter shape.
Volume spikes: The pattern is often accompanied by significant volume spikes, indicating the presence of large institutional activity.
Breakout or breakdown: The pattern typically resolves with a breakout or breakdown, signaling a potential change in the market direction.
Trading the Liquidity Hunt Pattern:
Traders can use the Liquidity Hunt Pattern to identify potential entry and exit points for their trades. By understanding the dynamics of the pattern, traders can:
Anticipate potential turning points: The pattern can signal potential reversals or continuations in the market trend.
Identify high-probability trading setups: The pattern can be used to identify areas where the risk-reward ratio is favorable.
Manage risk effectively: The pattern can help traders set stop-loss and take-profit levels to manage their risk exposure.
Conclusion:
The Liquidity Hunt Pattern is a valuable tool for traders of all levels. By understanding its formation and implications, traders can gain an edge in the market and uncover hidden opportunities for profitable trades.
Filling up ImbalanceAs predicted, price went all over to 1.0650 to neutralize 15min imbalance order block having and immediate reaction. It is expected to climb to 1.0711 to collect first profit.
We are just buying a pull back. On higher time frame we can see bearish pressure, once price hit 1.0711 we should look for any bearish reaction if price goes over this supply zone expect price to climb to next resistance 1.0750 & 1.0860.
EURUSD 1 May 2024 W18 - Intraday Analysis - US FOMC/Powell Day!This is my Intraday analysis on EURUSD for 1 May 2024 W18 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
A day the markets awaits loaded with high impact news events. Starting with US ADP, Manufacturing PMI, JOLTS Job Openings and ending with Rate Decision and Powell speech.
Today's FOMC Statement and Federal Reserve Chair Jerome Powell's speech are eagerly anticipated by the market, as both have the potential to significantly influence the EUR/USD pair. The Dollar Index has advanced as investor focus shifts to these pivotal events. Should the FOMC statement or Powell's comments lean towards a more hawkish stance, indicating a preference for higher interest rates, it could bolster the US dollar and exert downward pressure on the EUR/USD pair. Conversely, if the statement or remarks lean towards a more dovish stance, suggesting a inclination towards lower interest rates, it could weaken the US dollar and generate some upward movement for the EUR/USD pair.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
No clear Demand zone available to initiate the INT Structure Pullback.
Price could continue bearish without Pullback as we are in the Swing Continuation Phase.
Expectation is set to continue bearish targeting the Weak Swing Low.
4.
With the recent INT Structure turning Bearish confirming the Swing Pullback Phase may had ended, the Swing Bearish Continuation Phase started targeting the Weak Swing Low.
Current 4H Supply (FLIP Zone) could provide an opportunity for Shorts after the Bearish iBOS inline with the Bearish Swing and Continuation Phase.
Also be mindful that today is loaded with high impact news which will have a high volatility.
15m Chart Analysis
1.
Swing Bearish
OF Bearish
2.
Swing continuing Bearish with Bearish BOS.
After a BOS we expect a pullback.
There is no HTF Zone that can be potential for the Swing Pullback Phase.
Will wait for INT Structure to turn Bullish to look for Longs. Otherwise i prefer Shorts from the 4H Supply as it aligns with the HTF Bearish Phase and targets.
3.
No Clear Demand to initiate the Swing Pullback.
Waiting for INT Structure formation.
EURUSD 30 Apr 2024 W18 - Intraday Analysis - EU CPI GDP / US CFThis is my Intraday analysis on EURUSD for 30 April 2024 W18 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Sentiment from Monday (April 29th) could carry over to Tuesday, depending on the outcome of Eurozone data releases (CPI, GDP) and US ( Consumer Confidence). A strong Euro today due to positive data might see some continuation.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
Sub-Internal Bullish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
4.
With Sub-INT / OF is holding Bullish, I Still see more upside as long we hold the recent Sub-INT Low (Green Line).
A break of the Sub-INT Low, this will confirm that the Pullback Phase maybe is over and we will continue down targeting the INT Low. On the other side if the Sub-INT Structure will stay Bullish, there is a HP we are targeting the mitigation of the Daily Supply.
More Price development needed.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish
Sell: Phase B (HP)
Long: Phase C (LP)
2.
Swing turned Bearish signaling the probability that the 4H Pullback is maybe over and we may resume the 4H Bearish continuation move.
No much change from yesterday, we still ranging within a Bullish INT Structure within a Bearish Swing.
Possible Longs from the the current fresh 15m demand but be mindful that we swept the Liquidity below it and the 15m Bearish Swing could continue and run the INT Low.
Shorts are currently not my interest till we have another Bearish Swing.
3.
15m Demand within the INT Structure as it could provide a Low Probability Long Phase C trade.
EURUSD 29 Apr 2024 W18 - Intraday Analysis - GER CPIThis is my Intraday analysis on EURUSD for 29 April 2024 W18 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
No major economic data releases are scheduled for Monday, limiting significant movement in the pair. However, the intervention in JPY leading to a USD weakness which will provide support for EURUSD some Bullish stand.
Also note that the current week includes EU CPI and US FOMC / NFP which most probably result in a volatility and investors are positioning for that upcoming news events.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
Sub-Internal Bullish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
4.
With Sub-INT / OF is holding Bullish, I Still see more upside as long we hold the recent Sub-INT Low (Green Line).
A break of the Sub-INT Low, this will confirm that the Pullback Phase maybe is over and we will continue down targeting the INT Low. On the other side if the Sub-INT Structure will stay Bullish, there is a HP we are targeting the mitigation of the Daily Supply.
More Price development from Intraday analysis to confirm a scenario.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish
Sell: Phase B (HP)
Long: Phase C (LP)
2.
Swing turned Bearish signaling the probability that the 4H Pullback is maybe over and we may resume the 4H Bearish continuation move.
Currently price at a 15m/4H Supply zones that could initiate the Swing continuation phase.
Possible Phase B Shorts but be mindful that the 4H INT Structure still Bullish and we may see another deep Swing pullback which will reflect on a Bullish 15m Swing BOS.
3.
15m Demand within the INT Structure as it could provide a Low Probability Long Phase C trade.
EURUSD 29-3 May 2024 W18 Weekly Analysis - FOMC / NFP Week!This is my Weekly analysis on EURUSD for 29-3 May 2024 W18 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
Weekly Chart Analysis
Daily Chart Analysis
4H Chart Analysis
Economic Events for the Week
Market Sentiment
Potential EUR Upside:
Weaker Dollar: The recent US economic data, particularly the lower than expected GDP growth, has weakened the US dollar. This trend could continue if upcoming data disappoints.
Eurozone Data: Key Eurozone data releases (flash GDP and CPI) could show signs of improving economic health, boosting the Euro.
Potential EUR Downside:
Strong US Jobs Report: The highly anticipated US Non-Farm Payrolls (NFP) report on Friday could show strong job growth, strengthening the dollar.
Hawkish Fed: The Federal Reserve meeting on Wednesday is a key event. If the Fed signals a more aggressive rate hike path to combat inflation, the dollar will likely strengthen.
Overall:
The EUR/USD sentiment is currently uncertain. The direction will depend on the outcome of key data releases and the Fed meeting.
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
Swing Continuation Phase (Pro Swing + Pro Internal)
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak INT Low and 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.
4.
Price currently within a Weekly demand zone that can initiate a minor Pullback for the continuation down to the Weak INT Low.
Daily Chart Analysis
1.
Swing Bearish
INT Bearish
Swing Continuation Phase (Pro Swing + Pro Internal)
2.
Internal Structure continuing bearish following the Bearish Swing.
3.
After the Bearish iBOS we expect a Pullback.
Currently price is within the Weekly Demand and swept Liq from the left.
Price in a clear corrective move to the upside after tapping the Weekly Demand Zone.
We didn't mitigate any HP Supply to initiate the INT Structure continuation phase so the scenario will be that price still could continue to mitigate the Daily Supply Zone.
Other scenario that with the corrective more currently we are in price will continue down without the mitigation of a Supply zone.
More price development required / LTF confirmations for the 2 scenarios.
4.
Daily and Weekly demand zones for reactions to fulfill the INT Pullback Phase.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
Sub-Internal Bullish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
4.
With Sub-INT / OF is holding Bullish, I Still see more upside as long we hold the recent Sub-INT Low (Green Line).
A break of the Sub-INT Low, this will confirm that the Pullback Phase maybe is over and we will continue down targeting the INT Low. On the other side if the Sub-INT Structure will stay Bullish, there is a HP we are targeting the mitigation of the Daily Supply.
More Price development from Intraday analysis to confirm a scenario.
Economic Events for the Week
AKRO At Least 1500% Move Is On The Table! New ATH Is ComingAKRO Has One Of The Most Clear And Perfect Charts Among The Market. In Classic View, It Formed So Sweet Patterns And All Of Them Did Exactly Well, Now We're Going To Look At It's Chart From Super-Big Picture And Find The Very Ultimate Pattern .
Let's Go.
1- The First And The Most Important Thing Is The Monthly Change of Character ( CHoCH ) That Happened In Aug 2023 In Form Of a Powerful Big-Ass Candle. Monthly Chart Is One Of The Most Important Time-Frames Among The Others, Isn't It?
As You Can See On The Chart Below, It Broke The Last High Caused the Bottom, So We Identify It As The CHoCH. From That Date, We Were Looking For The Best Entry Opportunity Until Now, Maybe The Best Time To Enter. Because The Break-Of-Structure (BOS) Is Going To happen In Coming Weeks.
Price Reached The Monthly Support Zone Which Formed As a Red Hammer Candle. Do You See It?
The First Step Was Detecting The Support Zone, The Second Step Is To recognize Reversal Elements Forming On That Support. So Let's Dive Into It!
2- There Is No Reversal Pattern Seen On The support Yet But :
Very Strong RSI Bullish Divergence Seen On The Daily Chart Exactly On Monthly Support That I Mentioned Before.
Price Is Making Lower Lows While RSI Is Making Higher Lows On Daily.
The First Sign ...
3- Trend-Line Just Broke On weekly To Gather Liquidity, So a Heavy Come-Back To The Upside Is coming, Which Will Lead To Shatter All Of The highs And Perhaps Reach a New All-Time-High.
There Are Two Weekly FVGs That Should Get Filled In The Future Highlighted On The chart. Take It So Serious ...
4- There Was a Head And Shoulders Pattern, Done In The Weekly, The PullBack Phase Almost done On The Weekly!
Are You Ready To Rebound?
5- Now, Take More Distance From The Screen, Watch The Chart From Bigger Picture.
The Ultimate Pattern That Akro Is Making On The Monthly chart, Is a Huge Cup And Handle.
After Breaking The Top Side Of The Handle, It Will Throw Into The Sky, Probably In Search Of a New All-Time-High ...
6- Just See The Other Side Of The Box! Price Action Is Making a Three-Drive Pattern In Weekly Towards Major Liquidity Pool. The Only Concern ...
But Don't Be Worry, After That We Can See Jump In Price In form Of a QM Pattern.
Follow, Like, Share And Comment Below If You Enjoyed This Idea.
See You On Top!
EURUSD 26 Apr 2024 W17 - Intraday Analysis - US PCE Day!This is my Intraday analysis on EURUSD for 26 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15 Chart Analysis
Market Sentiment
PCE as the next hurdle: The release of the Personal Consumption Expenditures (PCE) data is the key event today. This data is a crucial inflation indicator for the US Federal Reserve.
Potential scenarios based on PCE:
Higher than expected PCE: This suggests stronger US inflation, which could bolster the USD. Investors might anticipate a more hawkish stance from the Fed (raising interest rates), making the USD a more attractive investment. This scenario could weaken the Euro.
Lower than expected PCE: This suggests cooling inflation, potentially weakening the USD. If inflation is under control, the Fed might be less aggressive with rate hikes, making the USD less appealing. This scenario could strengthen the Euro.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.
4.
With Sub-INT / OF is holding Bullish, I Still see more upside as long we hold the recent Sub-INT Low (Green Line).
Current Sub-INT structure doesn't have any clear Demand and we are currently within the Supply Zone formed during the news yesterday and with PCE today, i'd expect high volatility similar to yesterday.
Today for me is a day to analyze and not to trade 😃
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
With the Swing containing Bullish and Swing Low did hold the volatility yesterday, I couldn't find a clear POI within the Swing to continue Bullish except the Demand down.
Expectations with the current PA is that the Weak Swing High will get run. But be mindful that today US PCE news will have the market ranging till the news.
As indicated in the 4H analysis, Today is the day where you analyze and don't trade as more clear setups will be available next week.
3.
15m Demand for possible longs if we are continuing Bullish.
EURUSD 25 Apr 2024 W17 - Intraday Analysis - US GDP / JoblessThis is my Intraday analysis on EURUSD for 25 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Euro's recent strength: The Euro has gained some ground against the USD lately, fueled by weaker US data and supporting the Pullback Phase after the YTD lows.
US data as a game changer: The upcoming US GDP and Jobless Claims reports are the main event. Strong numbers could significantly strengthen the USD, reversing the Euro's recent gains.
Cautious market: Investors are holding back until the data is released, creating a wait-and-see sentiment that could limit the Euro's upside potential specially with US PCE Inflation Report tomorrow.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Price tapped into the Weekly demand and initiated the Swing Pullback Phase.
With the Bullish OF and as expected price reached the 4H supply with possible reaction from there.
Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.
4.
As price reached the 4H Supply with Bullish OF, price showed a bearish reaction as expected to facilitate a Pullback to recent Demand.
Price tapped into the 4H Demand and currently in the momentum to create a new high.
As indicated previously, the Liquidity on the left above the 4H Supply and possibly the Swing EQ are the targets.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Long: Phase A
Short: Phase C (Require Bearish iBOS)
2.
Price mitigation to the 4H Demand.
3.
Price turned bullish after mitigating the 4H Demand turning INT structure to Bullish.
With INT structure is Bullish, expectations are set that we are going to target the Weak Swing High.
But be mindful that we are still within the 4H Supply Zone that is partially mitigated yesterday so Phase A2 after the BOS will be tough. But Phase C will be applicable if we have a Bearish iBOS.
EURUSD 24 Apr 2024 W17 - Intraday Analysis - US Durable GoodsThis is my Intraday analysis on EURUSD for 24 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
EURUSD is slightly bullish: The Euro is currently showing some strength, having gained yesterday strong Euro data and on weaker US data.
Market is cautious: Upcoming US inflation data is keeping investors cautious, potentially limiting gains for the Euro. US Durable Goods will be the watch today for volatility.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
As expected price reached the 4H supply with possible reaction from there.
Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
Bearish CHoCH will be the first sign fora bearish reaction from the 4H Supply.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Long: Phase A2
Short: Phase C (Require Bearish iBOS)
2.
Price had created another Bullish Swing BOS aligning with the HTF requirements for a Pullback.
Price had reached 4H Supply zone which could initiate the Swing Pullback Phase. For a PB phase to start we need a Bearish iBOS.
3.
Current INT Low is the 4H Fractal CHoCH
EURUSD 23 Apr 2024 W17 - Intraday Analysis - EU/US PMI Day!This is my Intraday analysis on EURUSD for 23 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
Today's EUR/USD Forex market is going to be influenced by big economic news. This includes updates on the Purchasing Managers Index (PMI) for both the Eurozone and the USA.
Right now, the EUR/USD pair is ranging as we get ready for today PMI updates. Both the US and Europe will be releasing their PMI numbers today.
These PMI numbers tell us a lot about how well the economy is doing and can really impact the EUR/USD. If the numbers come in higher than expected, it's likely good news for the currency, but if they're lower than expected, it could mean trouble for the currency.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
With the INT Structure Pullback Phase initiated after the Bullish CHoCH, Price is ranging within the Fractal High/Low. No clear direction and price is ranging between Weak Supply / Demand but expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Swing Continuation Phase
2.
Price is ranging within the Bullish 15m Swing with INT structure is shifting between Bullish/Bearish.
This is clear that we have a complex INT Structure which shows uncertainty of clear direction.
3.
With the current INT Structure is Bullish, Expectations is set to continue Bullish and run the Weak INT High to target the Weak Swing High as long the INT Strong Low holds.
EURUSD 22 Apr 2024 W17 - Intraday Analysis - EU ConfidenceThis is my Intraday analysis on EURUSD for 22 Apr 2024 W17 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
4H Chart Analysis
15m Chart Analysis
Market Sentiment
The sentiment for the EUR/USD pair today is largely influenced by macroeconomic factors. On one hand, the Eurozone economy has been sluggish, which is holding back the Euro. On the other hand, the US Federal Reserve’s hawkish stance is keeping the US dollar underpinned.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
With the INT Structure Pullback Phase initiated after the Bullish CHoCH. Price had a deep PB to the 4H Demand formed.
Expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
Swing Continuation Phase
2.
INT Structure turned Bearish after mitigating the 4H Supply zone.
Sub internal is currently Bullish and there is a HP that the Strong INT High will get run based on the Bullish Swing Objective and the current Swing Continuation Phase.
3.
15m Demand Zones nested within a partially mitigated 4H Demand.
Wouldn't be much confident to look for long entries from here if we didn't have a Bullish BOS as when price is here it will mean that INT is so bearish that the current 15m Swing Low / 4H Low will be run.
EURUSD 22-26 Apr 2024 W17 Weekly Analysis – EU PMI / US PCEThis is my Weekly analysis on EURUSD for 22-26 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment
Weekly Chart Analysis
Daily Chart Analysis
4H Chart Analysis
Economic Events for the Week
Market Sentiment
In light of the recent passage of an aid bill for Ukraine, Israel, and Taiwan by the U.S. House of Representatives, it is anticipated that this could escalate geopolitical tensions. This, in turn, may prompt investors to seek refuge in safe-haven assets, thereby bolstering the strength of the U.S. dollar. This trend is likely to be further reinforced by the divergent monetary policies of the Federal Reserve and the European Central Bank.
The market will also be looking at the release of the Personal Consumption Expenditures (PCE) index, which is the Fed’s preferred measure of inflation.
Weekly Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached Swing EQ
Swing Continuation Phase (Pro Swing + Pro Internal)
2.
After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak INT Low and 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 Phase (Pro Swing + Pro Internal)
2.
Internal Structure continuing bearish following the Bearish Swing.
3.
After the Bearish iBOS we expect a Pullback.
Currently price is within the Weekly Demand and swept Liq from the left.
Price could initiate a PB at anytime or after reaching the Daily Extreme Demand.
CHoCH is currently away from current price so maybe we can create a new low before we initiate the INT PB Phase.
More price development required.
4.
Daily and Weekly demand zones for reactions to fulfill the INT Pullback Phase.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
INT / Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
With the INT Structure Pullback Phase initiated after the Bullish CHoCH. Price had a deep PB to the 4H Demand formed.
Expectations is set to continue Bullish to facilitate the 4H INT and Swing Pullback Phases.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
Economic Events for the Week
SOLUSDT.PAnalyses are all based on probability, and one should be ready for movements on both sides. According to my strategy, the price needs to move higher to mitigate the selling Order Block. Therefore, for a short-term position, with proper risk management, opening a long position could be considered. After reaching this level and confirming it properly, a long-term short position becomes probable.
EURUSD 19 Apr 2024 W16 - Intraday Analysis - Middle East TensionThis is my Intraday analysis on EURUSD for 19 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Prior to delving into the Intraday Analysis, I emphasized the significance of the ongoing Weekly Analysis, particularly in light of heightened tensions in the Middle East following Iran's strike on Israel. Monitoring these tensions and the subsequent reports from Israel regarding a response to Iran's strike, it's crucial to anticipate the potential for another volatile weekend, prompting investors to seek refuge in safe havens such as the US Dollar, GOLD, JPY, and CHF. Stay alert to any shifts towards safe havens today amid the uncertain situation in the Middle East leading into the weekend.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
With the Pullback Phase initiated after the Bullish CHoCH. Price had a deep PB to the 4H Demand formed with the Middle East Tension.
Expectations is set to continue Bullish to facilitate the 4H Swing Pullback.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish / Sub Internal Bearish
Swing Continuation
2.
After a BOS we expect a PB. INT Structure turned Bearish to facilitate the Swing Pullback.
3.
With the tension in Middle East. Pulled back to the Swing extreme mitigating the last 15m Demand zone within the 4H Demand.
Expectation is set to the 15m Swing Low to hold and target the Weak Swing High to facilitate the 4H Pullback Phase.
Bitcoin: Monthly Candlesticks Mean A lot ! Bitcoin's price action has a strong historical correlation with monthly candlesticks. This means that breakouts or breakdowns of key levels on monthly candlesticks often signal significant directional shifts in price. This phenomenon can be attributed to several factors:
Psychological Significance: Monthly candlesticks represent a longer time frame and carry more psychological weight for traders. Breakouts or breakdowns of these levels can trigger a cascade of buying or selling activity, amplifying the price movement.
Swing Trader Stop-Losses: Swing traders often place stop-loss orders below or above key support and resistance levels on monthly candlesticks. These stop-losses act as liquidity pools, fueling the price move once triggered.
Market Cycle Alignment: Monthly candlesticks align with the natural cycles of the cryptocurrency market, often marking turning points in bull and bear market phases.
Bitcoin's Monthly Breakout in March 2023:
In March 2023, Bitcoin experienced a significant breakout above the key monthly resistance level of $46,000. This breakout signaled a potential shift in trend from a bearish to a bullish phase. The breakout also triggered a cascade of stop-loss orders from swing traders who had been expecting a continuation of the bearish trend.
Anticipating a Retest and Reversal in April 2024:
Based on Bitcoin's historical tendency to respect monthly candlesticks, I anticipate a retest of the March 2023 high ($58,000) in April 2024. This retest could lead to a liquidity sweep at the $58,000 level, followed by a sharp reversal and continuation of the uptrend.
Technical Analysis:
Bitcoin's daily chart shows a bullish ascending triangle pattern, indicating a period of price consolidation and building tension. The recent breakout above the trendline suggests a continuation of the uptrend.
Conclusion:
Bitcoin's price action has a strong correlation with monthly candlesticks. Breakouts or breakdowns of key levels on monthly candlesticks often signal significant directional shifts in price. Based on historical patterns and current technical analysis, I anticipate a retest of the March 2024 low($58,000) in April 2024, followed by a liquidity sweep and a continuation of the uptrend.
EURUSD 18 Apr 2024 W16 - Intraday Analysis - US Jobless ClaimsThis is my Intraday analysis on EURUSD for 18 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
Swing Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
As expected the PB started after the Bullish CHoCH forming a new Demand Zone and confirming the Bearish INT Structure Low.
Expectations is set for continuing Bullish till a HP POI.
4.
4H Supply zone for possible reactions. But note that it's not well positioned within the 4H Swing (In Discount) so there is a probability that it will get run till the Swing EQ/Daily Supply zone.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Swing Pullback Phase
2.
As expected, price created a Bullish BOS based on the 4H/Daily need for a Pullback.
After a BOS we expect a PB. As INT structure is Bullish, a Bearish iBOS will be the confirmation that the 15m Swing PB is starting. But be mindful that price in a Bullish momentum and a deep Swing PB is not often happen on the start of the move.
Following the Bullish Phase we are in, looking for longs is the best option till the mitigation of the close 4H Supply zone.
3.
Extreme Demand zone within the 15m Swing for possible Longs if reached.
But be mindful if we reached this Demand, PA is not looking in Bullish momentum and there will be a HP that the Swing low will be run.