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
Liquidity
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.
#AUDJPY bullish possible continuation movePrice has correctively reached an important medium-term support zone , which is further reinforced by the presence of the 200EMA.
Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern.
These indications suggest the possibility of a bullish continuation move, potentially driving the price back to previous highs and beyond.
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EURUSD 17 Apr 2024 W16 - Intraday Analysis - EU CPIThis is my Intraday analysis on EURUSD for 17 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
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.
Possibly that PB Phase could start at anytime with at least a Bullish CHoCH but preferably mitigating a HP POI.
Following the HTF targets, there is a high probability that the Bearish OF will hold so shorts are possible for continuation bearish from 4H Supply zones.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish
Swing Pullback Phase
2.
After BOS we expected a pullback. INT Structure turned Bullish to initiate the 15m Swing Pullback.
3.
As price reached the 15m Swing Premium and mitigated the 1H/15m Supply, Price initiated the Swing Bearish continuation and INT Structure Pullback.
Price reached the Swing Low and failed to break. So current PA is ranging.
I'll wait for Bullish BOS to confirm that the 4H Swing PB started instead of following the Shorts which could end at anytime.
EURUSD 16 Apr 2024 W16 - Intraday Analysis - EU ZEW / US PowellThis is my Intraday analysis on EURUSD for 16 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
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.
Possibly that PB Phase could start at anytime with at least a Bullish CHoCH but preferably mitigating a HP POI.
Following the HTF targets, there is a high probability that the Bearish OF will hold so shorts are possible for continuation bearish from 4H Supply zones.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
Pullback Phase
2.
After BOS we expect a pullback. Bullish iBOS will be the first sign that Swing Pullback maybe starting.
But as we didn't mitigate any HTF POI any PB could be limited.
Also the 4H Swing requires a Pullback so there is a HP that the 15m will be run at least as a 4H CHoCH.
EURUSD 15 Apr 2024 W16 - Intraday Analysis - US Retail SalesThis is my Intraday analysis on EURUSD for 15 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
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 at a 4H Demand Zone.
Possibly that PB Phase could start from here and the first weak confirmation would be a Bullish CHoCH.
Following the HTF targets, there is a high probability that the Bearish OF will hold so shorts are possible for continuation bearish from 4H Supply zones.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish - Pullback Phase
2.
After the Bearish iBOS, price continued bearish till the 4H Demand.
With the mitigation of the 4H Demand we formed a Bullish iBOS which confirmed the Swing Low and the initiation of the 15m Swing Pullback Phase.
Expectations is set for price to continue bullish to facilitate the PB till a HP 4H Supply Zone.
3.
4H Supply zone for possible Shorts.
Be mindful that the 4H supply is having Liq above it so there is a HP that this supply will fail to sweep the Liq above.
EURUSD 15-19 Apr 2024 W16 Weekly Analysis - Middle East Tension!This is my Weekly analysis on EURUSD for 5-19 Apr 2024 W16 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 (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.
More price development required.
4.
Daily and Weekly demand zones for reactions to fulfill a Pullback Phase.
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
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 at a 4H Demand Zone.
Possibly that PB Phase could start from here and the first weak confirmation would be a Bullish CHoCH.
Following the HTF targets, there is a high probability that the Bearish OF will hold so shorts are possible for continuation bearish from 4H Supply zones.
Economic Events for the Week
Bitcoin: Liquidity CycleTypical liquidity cycle is 5-6 years long (65m). Buy bitcoin before an upswing (or end of QT) and sell when liquidity tightens. Macro is the best way to analyze markets?
Adjust your stakes based on position of the cycle.
Markets can have risk-on, risk-off episodes. Where Bitcoin is a risk-on asset.
Use 10Y-02Y for guidance.
Bearish Movement expected. Dont be the Liquidity! pt4Look to all this Negative Delta. We are on Daily TF. BTC will fall and I strongly suggest that you protect your capital.
When media is fully bullish, and everybody is talking about BTC going to the moon and the bullish effect of Halving.. thats the moment when MMakers will rekt almost everybody.
Remember this wise phrase: buy with the rumor and sell with the new.
Even if we see a bullish manipulation to the upside, everything is pointing to lower prices.
Below actual price there is a lot of available Liquidity and it needs to be recapitalized.
Bearish signs are present since days ago. This is my 4th Update trying to warn people.
Be careful.
EURUSD 12 Apr 2024 W15 - Intraday Analysis This is my Intraday analysis on EURUSD for 12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish
2.
Expectations are met for the INT Structure with the Bearish iBOS.
Currently price targeting the Weak Swing Low.
3.
Price tapped the 4H Demand but as we are in Pro Swing/INT the reaction from this demand will be limited.
Price now in a bearish momentum targeting the Weak Swing Low.
15m Chart Analysis
1.
Swing Bearish
2.
Considered this as Swing due to the Bullish iBOS.
With the Swing bearish, expectations is set for bearish continuation.
This 15m Supply is the only clear supply for Shorts.
3.
Following the 4H Swing, expectation is set to continue bearish and the 15m Swing will hold bearish to fulfill the 4H Swing targets.
EURUSD 11 Apr 2024 W15 - Intraday Analysis - EU Rate / US PPIThis is my Intraday analysis on EURUSD for 11 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish
2.
As price formed a Bearish CHoCH before the CPI news, it was a nice signal for INT Structure to continue bearish.
Expectations is set to target the Weak INT / Swing Lows.
3.
Price tapped the 4H Demand but as we are in Pro Swing/INT the reaction from this demand will be limited.
15m Chart Analysis
1.
Swing Bearish
Swing Pullback Phase
2.
CPI news had a solid push causing a bearish BOS.
No HP POI except the 4H Supply with a 15m nested within it.
IMO i've doubts that price will pullback to this supply.
Expectations is set to continue bearish to fulfill the 4H INT/Swing continuation phase.
3.
After a BOS, we expect a pullback.
Price is currently within the 4H Demand but no momentum.
CHoCH will be the first sign that Swing Pullback maybe starting but be mindful that we are not well positioned within the HTF structure.
Following the bearish move would be the optimum decision.
DXY update before PMI price is near the resistance 0f 104.750 >> 104.800 >> 105
now the question whether the price sweep or run through this liquidity ???
as price has made higher high and higher lows with recent bos we are looking to buy instead of going short
during the impulsive momentum candle price has left behind some bullish fvg which are pending below at the level of 103.700 level before this we have higher low (this higher low could be the liquidity
before 103,700 i dont see any major fvg or ob as of 4h time frame
price currently going all time high which need to take a pullback to fuel the upside move again
the candle formed since 27th march are mostly sideways following a trending which is another area of liquidity laying below it
EURUSD 10 Apr 2024 W15 - Intraday Analysis - US CPI/FOMC DAY!This is my Intraday analysis on EURUSD for 10 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg and currently close to mitigate the 4H Supply.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Swing Pullback Phase
2.
As expected, price reached the Weak Swing High and created a Bullish BOS.
After a BOS we expect a pullback. We didn't mitigate a HP/HTF POI.
Price will continue bullish till the mitigation of the 4H Supply or Till we have the Bearish iBOS to confirm the Swing Pullback Phase is starting.
3.
15m/4H Demand would be potential for longs once reached after confirmation to continue the bullish swing.
EURUSD 9 Apr 2024 W15 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 8 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg and currently close to mitigate the 4H Supply.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Swing Pullback Phase
2.
As expected, price reached the Weak Swing High and created a Bullish BOS.
After a BOS we expect a pullback. We didn't mitigate a HP/HTF POI.
Price will continue bullish till the mitigation of the 4H Supply Till we have the Bearish iBOS to confirm the Swing Pullback Phase is starting.
3.
15m/4H Demand would be potential for longs once reached after confirmation to continue the bullish swing.
BTC/USD analysis in 4h timeframeAs we expected bitcoin made a new all time high $73000 area and collect the liquidity over the last ATH $69000.
price is in a trading range between $60000 / $74000.
New flag limits are marked on the chart.
Bitcoin is forming a wyckoff structure and if it ingulf $58000 / $61000 demnad zone it will confirm the structure.
If the WYCKOFF structure is confirmed, price my fall down to $52000 Demand zone.
Otherwise if it gives us a bullish signal on $61000 Demand zone it will be a good investment too buy some #BITCOIN .