My 5 potential trades for this weekTrend is long term bullish but currently bearish.
We are close to hitting bearish trend line.
Falling wedge with recent double bottom.
Multiple FVG’s to be filled.
All indicative of an impending reversal to initial direction.
1) long @ 1.07884 if $ & downtrend $ is swept
2) long @ 1.07225 if 4h $ & bullish $ is swept
3) long @ 1.08553 if OB & trend line $ is broken
using OB as breaker block to be rejected.
4) short @ 1.08553 if OB is rejected
5) short @ 1.09328 if FVG & 4h $ is rejected
being mindful of rejection off possible
breaker block and bearish trend line for
indication of reversal
Liquidity
BTC: Long at Breakout or Sell at Breaker Block?Assessing two potential scenarios for BTC, my bias leans bullish. The recent closure of the CME gap and successful liquidity sweep above the gap contribute to this optimistic outlook.
However, a critical factor to consider is the breaker block, particularly as it aligns with a corrective wave level, creating confluence for the short side. Monitoring the market's response to this level is crucial, as a retracement might occur, possibly heading towards the 36k-32k range. Staying adaptable to evolving market dynamics is key in navigating these scenarios.
EURUSD 2 Feb 2024 W5 - Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 2 Feb 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low.
After iBOS we expected a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting.
Price did the Pullback and failed after to break and close below the Weak INT Low. This leaded to target the High that failed to break the low.
Still the INT is bearish but in point #2 we are assuming that Bullish Swing Continuation could start at any time so this could be the one. Bullish iBOS will be a solid sign for that.
More Price development needed to assess better.
15m Chart Analysis
1.
Swing Bearish
INT Bullish
Swing Extreme
2.
Swing is Bearish after mitigating a HTF Supply.
After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the15m Swing Extreme and 4H Supply Zone.
INT Structure still bullish so there is HP to take out this Strong Swing High.
On the Flip side, a failure to create a Bullish BOS and we get a Bearish iBOS will indicate that the Swing Pullback is over and we could be starting the Pro Bearish Swing Move.
Today NFP so be cautious.
3.
15m/4H Demand zones for reaction when reached.
Kadena ($KDA) - Flush the lows and run it upKadena is prepping for a flush of the lows in my opinion, but what comes after is what I am after.
Watching for a flush soon, then my trigger is a reclaim of the range low above green and continued strength thereafter, not weakness.
A move back to the range eq is significant, this is a large range currently in a re-accumulation-like phase of the cycle for Kadena and lots of other Alts.
Long-term green zone looks like a buy, short term I would wait for a flush and take it to the range eq.
My thoughts for now.
Vatsik
EURUSD 1 Feb 2024 W5 - Intraday Analysis - EU CPI - US PMI/JobsThis is my Intraday analysis on EURUSD for 1 Feb 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low.
After iBOS we expect a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting.
Price made a ChoCH yesterday confirming the INT Low and a Sweep of Liq to continue the bearish INT Structure.
Currently we are going to take this INT Low and there is a high probability that the Swing Low is the target after.
15m Chart Analysis
1.
Swing Bearish
INT Bearish
2.
Swing is Bearish after mitigating a HTF Supply.
After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ.
With the news yesterday price Swept Liq above the Strong Swing High and the 4H CHoCH to resume the move to the down side targeting the 15m Weak Swing Low.
Most probably this Swing Low will be broken.
3.
Currently price is in Bearish INT Structure and expectation that we will break the Swing Low.
Just be mindful that Shorts now are not preferred as we are at the end of the move.
Will wait to see if there is option for Pullback plays after the BOS or hold my hands this week for better opportunities next week.
GBPNZD,🔴Sell opportunity🔴(Read the caption)
As you can see, the price swept the liquidity that formed as a previous day's high and was rejected.
We can see the CHOCH formed in 15 minute chart and create the supply zone and FVG.
In addition, the price created the liquidity pool below the supply zone.
So we can expect the rejection from the supply zone.
Please pay attention, we need the LTF confirmation for entry.
💡Wait for the update!
🗓️31/01/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
EURUSD 31 Jan 2024 W5 - Intraday Analysis - FOMC Day!This is my Intraday analysis on EURUSD for 31 Jan 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low.
After iBOS we expect a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting.
We mitigated the 4H Supply and price reacted from there. Currently we don't have a Bullish CHoCH to confirm the INT Structure Pullback started (It's not a must but it's currently my mechanical approach to define Pullbacks).
Price could continue down to create a new low and then the CHoCH position will be changed or Price will try again to create a Bullish CHoCH.
Waiting for more price development
15m Chart Analysis
1.
Swing Bearish
INT Bearish
Reached EQ
2.
Swing turned Bearish again after mitigating a HTF Supply.
After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ.
Price reached and mitigated the 15m/4H Supply zones and INT structure turned bearish signaling the 15m Swing Pullback is finished and we are currently Pro Swing aligning with the Bearish Swing as expected.
Expectations is that we will target the Weak Swing Low.
3.
After INT Structure turned bearish (iBOS) we expect a pullback.
The 15m Supply zone within the INT Structure is the only zone that can provide Short opportunity after confirmation.
Be mindful that today there is heavy news for Germany, but the most waited news is the US ADP and FOMC/Powell Conference so volatility will be high.
BAD TIME FOR ALT's - BTS IS TOO STRONGAlgorand (ALGO) and Bitcoin (BTC), two prominent cryptocurrencies, recently exhibited interesting price movements within horizontal accumulations, followed by manipulation maneuvers beneath the range. Despite similarities in their actions, the market reactions varied significantly. This article explores the comparative analysis of ALGO and BTC, highlighting their respective behaviors and offering insights into potential trading strategies.
🔄 Horizontal Accumulation and Liquidity Grab:
Both ALGO and BTC were trading within horizontal accumulation ranges, indicating a period of indecision and consolidation. In a notable parallel, both cryptocurrencies executed a manipulation maneuver by removing liquidity from the lower part of the range. This tactic involves triggering stop-loss orders and creating favorable conditions for potential price movements.
📉 ALGO's Limited Reaction:
Despite the liquidity grab, ALGO demonstrated a relatively muted response. The price exhibited minimal bullish momentum, and the overall market sentiment did not reflect a strong surge. This could be attributed to factors such as market participants' cautious approach or a subdued reaction to the manipulation.
🚀 BTC's Strong Reversal:
In contrast, Bitcoin showcased a robust response to the manipulation maneuver. Following the liquidity grab, BTC experienced a significant pump, indicating strong buying interest and a bullish reversal. This demonstrated the resilience of Bitcoin and its ability to recover swiftly from manipulation-induced fluctuations.
🔍 Focusing on Bitcoin Strength:
The divergent reactions of ALGO and BTC suggest that, at the current juncture, Bitcoin is exhibiting greater strength and responsiveness to market dynamics. Traders and investors may find it prudent to focus on Bitcoin trading opportunities while it continues to showcase robust performance.
💡 Trading Strategy:
Considering the strength displayed by Bitcoin, traders may prioritize BTC trades over ALGO at the moment. Monitoring key support and resistance levels, analyzing volume patterns, and adapting strategies to Bitcoin's dynamic movements can be essential for successful trading.
🔮 Future Outlook:
The comparative analysis highlights the importance of assessing individual cryptocurrency behaviors in response to market events. While ALGO may present opportunities in the future, the current focus on Bitcoin, given its strength, could prove beneficial. Market conditions evolve, and traders should remain adaptable to capitalize on potential opportunities as they arise. A careful observation of Bitcoin's performance can serve as a strategic guide in navigating the cryptocurrency landscape.
EURUSD 30 Jan 2024 W5 - Intraday Analysis - EU GDP / US JobsThis is my Intraday analysis on EURUSD for 30 Jan 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bearish
In Swing Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low.
After iBOS we expect a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting.
Will be waiting for 15m to align with the 4H request to start a pullback.
15m Chart Analysis
1.
Swing Bearish
INT Bullish
Reached EQ
2.
Swing turned Bearish again after mitigating a HTF Supply.
After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ.
Expectation that we are going to target the 15m Weak Swing Low but be mindful that we are currently in Bullish INT Structure.
3.
We are currently in Pullback Phase of the Bullish INT Structure. But after the 4H Bearish iBOS the momentum is to the down side.
Shorts are the preferred option until the 15m Swing turns Bullish to facilitate the 4H INT Bearish Structure Pullback.
EURUSD 29 Jan 2024 W5 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 29 Jan 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
OF Bullish
In Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the Swing EQ/Discount, mitigating 4H demand zones and ranged.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High.
3.
Bullish INT Structure after mitigating the 4H/Daily demand Zones.
As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase.
If it failed, there is a high probability that we will target the 4H Swing Low.
15m Chart Analysis
1.
Swing Bearish
INT Bullish
Reached EQ
2.
Swing turned Bearish after failing at HTF Supply.
After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ and mitigated the 4H Supply.
Expectation that we are going to target the 15m Weak Swing Low but be mindful that we are currently in Bullish INT Structure and the 4H Demand formed after sweeping the LIQ below the 4H Strong INT Low.
Wouldn't be much convinced to Short in a 4H Demand Zone. So waiting for more price development.
3.
We are currently in Pullback Phase of the Bullish INT Structure and mitigating the 4H Demand Zone.
With Swing is Bearish and INT Bullish and we are in Swing Discount, it makes it tough for me to prefer a trade. I'd prefer a new structure after the BOS down or iBOS up.
EURUSD 29-2 Feb 2024 W5 Weekly Analysis - EUR CPI - US FOMC/NFPThis is my Weekly analysis on EURUSD for 29-2 Feb 2024 W5 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
INT Extreme
2.
After the iBOS we expected pullback, price tapped into Liq on the lift and a Weekly demand zone which provided a pullback and formed a bullish CHoCH confirming INT Low.
3.
With the Bearish INT Structure we have the confirmation that the Swing Pullback is over and we are currently in the Swing Continuation Phase.
Price had reached the Bearish INT Structure extreme and showed reaction from.
Still the OF is Bullish within the Pullback Phase and the Bearish CHoCH will be the first sign to confirm the Bearish continuation from the Weekly Supply.
Expectation now set to see price continuing bearish.
Daily Chart Analysis
1.
Swing Bearish
INT Bullish
Reached Extreme
2.
Within the Bearish Swing we are currently in, the Swing pullback reached the Swing extreme area and mitigated a Weekly Supply zone (But didn't reach the Daily Supply) and started the INT Structure Pullback after the Bullish iBOS.
For the Bearish Swing to continue bearish, we want to see a Bearish iBOS to confirm that the Swing Pullback is over and we are in the Swing Continuation to target the Weak Swing Low.
But currently the INT Structure still Bullish so there is also a possibility that we can still continue up.
We still in the Daily Pullback Phase and price reached the last Daily demand zone. As Swing is Bearish, Expectations that there is a high probability that we will take the Strong INT low. On the Flip Side (Bullish) we could hold the current Demand/INT Low to target the Weak INT High.
Lets wait to see more price development and LTF to guide us.
3.
Price had mitigated the adjusted Supply zone (Was mapping only the Inside Bar) that caused the bearish CHoCH and continued down.
Current PA is so corrective and doesn't have any momentum.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
OF Bearish
In Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High.
But be mindful that the OF is so bearish in the Swing Pullback Phase and Demand is not holding and we see momentum. And with the Daily Bearish Swing there is a high probability that we will continue down. So be cautious with the Bullish Structures as it could be only Fake-Out.
More price development needed with the current PA.
3.
Bullish INT Structure after mitigating the 4H/Daily demand Zones.
As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase.
We have seen that Price swept the LIQ below the Strong INT Low and created a Bullish CHoCH but still Supply in Control.
If the last demand created from the LIQ sweep failed and we confirmed a close below the INT Low, My expectations will be that the Daily Swing Continuation in Play and we will take the Current 4H Swing low and Daily INT Low.
This week is so volatile as we have EUR Zone GDP and CPI also USA FOMC and NFP. So be cautious this week.
Economic Events for the Week
EURUSD 26 Jan 2024 W4 - Intraday Analysis - US PCEThis is my Intraday analysis on EURUSD for 26 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
OF Bullish
In Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the Swing EQ/Discount, mitigating 4H demand zones and ranged.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High.
3.
Bullish INT Structure after mitigating the 4H/Daily demand Zones.
As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase.
If it failed, there is a high probability that we will target the 4H Swing Low.
15m Chart Analysis
1.
Swing Bullish
INT Bearish
INT INT Bearish
At Swing Extreme
2.
Swing turned Bullish after mitigating the 4H/Daily Demand zones as expected yesterday.
After the BOS we expect a 15m Swing pullback which we are already in this phase after the Bearish CHoCH.
INT Structure turned bearish to facilitate the 15m Swing Pullback.
3.
Price currently at the Extreme Swing low and there is a high probability that we are going to take the 15m Strong Swing Low according to the Bearish PA.
EURUSD 25 Jan 2024 W4 - Intraday Analysis - EU Rate / US GDPThis is my Intraday analysis on EURUSD for 25 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
OF Bullish
In Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the Swing EQ/Discount, mitigating 4H demand zones and ranged.
Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High.
3.
Bullish INT Structure after mitigating the 4H/Daily demand Zones.
As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase.
If it failed, there is a high probability that we will target the 4H Swing Low.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
INT INT Bearish
Pullback Phase
2.
Swing turned Bullish after mitigating the 4H/Daily Demand zones as expected yesterday.
After the BOS we expect a 15m Swing pullback which we are already in this phase after the Bearish CHoCH.
Currently price reached the EQ and 15m/4H demand zones for potential continuation of the Bullish Swing and targeting the Weak Swing High.
The 4H Demand is big so be cautious of a deeper pullback within the Swing.
My expectations that we will continue Bullish as long we don't close below the 15m Swing Low.
3.
Extreme 15m Swing Demand.
RUNE - Huge Downtrend Breakout ! THORChain (RUNE) has been entrenched in a substantial downtrend since May 2021, consistently forming lower lows. Recent price action, including a retest of the downtrend line, suggests a potential shift in market dynamics. The expectation is for a retracement to the support zone, coinciding with the 0.5 Fibonacci level, before a potential upward move.
🔄 Prolonged Downtrend Analysis:
The extended duration of the downtrend indicates persistent bearish sentiment in the RUNE market. Lower lows have been a consistent feature, reflecting the dominance of sellers. Each attempt to rally has been met with resistance, leaving a trail of lower highs.
📉 Retesting the Downtrend Line:
The recent retest of the downtrend line signifies an important technical event. The fact that the downtrend line held as resistance suggests its continued relevance. This event highlights the importance of the downtrend line in influencing price movements.
🔍 Anticipating a Reversal:
The expectation of a retracement to the support zone aligns with the broader technical analysis. A move towards the 0.5 Fibonacci level, coinciding with a key support area, could serve as a crucial juncture. The convergence of these factors increases the likelihood of a potential reversal.
📈 Potential Scenarios:
Retracement to Support: A retracement to the support zone, especially the 0.5 Fibonacci level, would align with historical patterns and provide a potential springboard for a bullish reversal.
Confirmation of Support: Traders should closely monitor the price action in the support zone for signs of confirmation. Increased buying interest, reduced selling pressure, and the establishment of higher lows would be positive indicators.
Upside Momentum: A successful bounce off the support zone could signal the beginning of an upward move. Confirmation of a break above the downtrend line and higher highs would strengthen the bullish case.
💡 Trading Strategy:
Traders considering RUNE should exercise caution and await confirmation of a potential reversal. Entering a position at or near the support zone, with a clear risk management strategy in place, can help mitigate potential losses. Stop-loss orders below key support levels are advisable.
🔮 Future Outlook:
While the technical analysis suggests the possibility of a reversal, traders should remain vigilant and adapt their strategies based on real-time market data. The cryptocurrency market is known for its dynamic nature, and unexpected developments can influence price movements. A successful reversal would require sustained buying interest and a break above key resistance levels to validate a new bullish trend in THORChain.
EURUSD 24 Jan 2024 W4 - Intraday Analysis - EU PMI / US PMIThis is my Intraday analysis on EURUSD for 24 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bullish
In Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the Swing EQ/Discount, mitigating 4H demand zones and ranged.
Price reached the 4H/Daily demand zones as expected after breaking the range. Still the OF is bearish and if the 4H Bullish swing is going to continue Bullish we need to see bullish reaction at least a bullish CHoCH.
On the flip side, if these demand zones failed to hold, there is a high probability that the Bearish Daily/Weekly structures are in play and we are in a HTF Bearish move.
Let's see the LTF development to have a clear guide.
3.
Price reached the Swing extreme 4H demand and Daily for possible continuation to the upside.
As OF is bearish we need to see the formation of demand at least with a Bullish CHoCH and that demand to hold.
15m Chart Analysis
1.
Swing Bearish
Pullback Phase
2.
Swing continued Bearish with the recent BOS.
After the Swing BOS we expect a Pullback to start, which is currently reacting from the 4H/Daily Demand zones.
As per the structure, expectations that the Swing will continue bearish and there is a potential short plays from the 15m/4H Supply within the Swing. (This will solidify the point that the 4H Swing low is the target)
But be mindful that we had mitigated a HTF POIs (4H/Daily Demands) in a Bullish 4H Swing so there is also high expectations that the current 15m Swing High could be taken out and turn bullish to confirm the 4H Swing Pullback is over and we are in the 4H Bullish Swing Continuation.
Following the structure is the optimum way and we have now 2 scenarios with HTF narratives.
Lets wait for price to guide us.
3.
Price had tapped into 4H/Daily demand zones and initiated the 15m Swing Pullback.
After the ChoCH we will have a confirmed Swing Low.
GBPNZD Presents Ideal Selling ConditionsIn the GBPNZD market, the price has retraced to an area of significant supply on the 4-hour chart, coinciding with an internal daily resistance level. An anticipation of a selling market is prevalent in this region. It's worth noting that the overall sentiment remains bullish on lower timeframes.
A prudent approach involves closely monitoring the structure on lower timeframes. It is advisable to exercise patience and await a discernible shift in market character from bullish to bearish before considering shorting opportunities. Wishing you success in your trading endeavors.
EURUSD 23 Jan 2024 W4 - Intraday Analysis - EU Cons. ConfidenceThis is my Intraday analysis on EURUSD for 23 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Note: Nothing changed much since yesterday and yesterday analysis still the same.
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bullish
In Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged.
OF currently is bullish after the Bullish CHoCH. Demand formed from the CHoCH is mitigated and still holding. But that Bullish OF is not coming from a HP POI so there is a high probability we will continue down unless we see Bullish OF holding and continuing.
Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not.
3.
Swing extreme 4H demand and Daily for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish
Pullback Phase
2.
INT Structure turned Bullish (iBOS) confirming a 15m Swing Low formed and the start of the 15m Swing pullback Phase.
Expectation now is set to play the pullback phase as Bullish move till we reach a HP 4H Supply zone.
Just to note that we didn't mitigate any HTF POI to initiate the current Pullback. So be cautious that we may also continue Bearish till we mitigate the Daily/4H demand zone and from there we could continue the 4H Swing Bullish Continuation Phase.
3.
INT structure continuing Bullish again with Bullish iBOS.
After iBOS we expect a pullback. No HP demand zones except the one presented which is also not positioned well within the new INT Structure.
Waiting for more price development with expectations for price to continue bullish respecting the INT Low.
4.
Weak Swing low is still holding which means that the Swing pullback still active and we will have a deeper swing pullback.
GOLD: Prime Selling Opportunity Unveiled by Harmonic Symmetry!GOLD has recently breached its downside structure. Currently, the price is undergoing a corrective phase on the 1-hour timeframe, characterized by the presence of a Gartley symmetry. This harmonic pattern is poised to conclude at a highly probable supply level. In the event of the successful completion of this harmonic pattern, a robust selling opportunity is anticipated, as visually depicted on the accompanying chart.
EURUSD 22 Jan 2024 W4 - Intraday AnalysisThis is my Intraday analysis on EURUSD for 22 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bullish
In Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged.
OF currently is bullish after the Bullish CHoCH. Demand formed from the CHoCH is mitigated and still holding. But that Bullish OF is not coming from a HP POI so there is a high probability we will continue down unless we see Bullish OF holding and continuing.
Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not.
3.
Swing extreme 4H demand and Daily for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish
Pullback Phase
2.
INT Structure turned Bullish (iBOS) confirming a 15m Swing Low formed and the start of the 15m Swing pullback Phase.
Expectation now is set to play the pullback phase as Bullish move till we reach a HP 4H Supply zone.
Just to note that we didn't mitigate any HTF POI to initiate the current Pullback. So be cautious that we may also continue Bearish till we mitigate the Daily/4H demand zone and from there we could continue the 4H Swing Bullish Continuation Phase.
3.
INT structure continuing Bullish again with Bullish iBOS.
After iBOS we expect a pullback. No HP demand zones except the one presented which is also not positioned well within the new INT Structure.
Waiting for more price development with expectations for price to continue bullish respecting the INT Low.
4.
Weak Swing low is still holding which means that the Swing pullback still active and we will have a deeper swing pullback.
EURUSD 22-26 Jan 2024 W4 Weekly Analysis - EUR Rate DecisionThis is my Weekly analysis on EURUSD for 22-26 Jan 2024 W4 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
INT Extreme
2.
After the iBOS we expected pullback, price tapped into Liq on the lift and a Weekly demand zone which provided a pullback and formed a bullish CHoCH confirming INT Low.
3.
With the Bearish INT Structure we have the confirmation that the Swing Pullback is over and we are currently in the Swing Continuation Phase.
Price had reached the Bearish INT Structure extreme and showed reaction from.
Still the OF is Bullish within the Pullback Phase and the Bearish CHoCH will be the first sign to confirm the Bearish continuation from the Weekly Supply.
Expectation now set to see price continuing bearish.
Daily Chart Analysis
1.
Swing Bearish
INT Bullish
Reached Extreme
2.
Within the Bearish Swing we are currently in, the Swing pullback reached the Swing extreme area and mitigated a Weekly Supply zone (But didn't reach the Daily Supply) and started the INT Structure Pullback after the Bullish iBOS.
For the Bearish Swing to continue bearish, we want to see a Bearish iBOS to confirm that the Swing Pullback is over and we are in the Swing Continuation to target the Weak Swing Low.
But currently the INT Structure still Bullish so there is also a possibility that we can still continue up.
Following the recent INT Structure, Price swept LIQ from the recent Daily Demand zone and reached the INT Structure EQ where we can expect demand to step in and target the Weak INT High.
Lets wait to see more price development and LTF to guide us.
3.
Price managed to get out of the range and approaching a Daily demand zone.
We didn't mitigate it yet but price is bouncing up from the Swing EQ.
4.
Daily and Weekly demand zones for reactions once reached.
4H Chart Analysis
1.
Swing Bullish
INT Bearish
OF Bullish
In Discount
2.
Price made a bullish BOS and after a BOS we expect a pullback.
After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged.
OF currently is bullish after the Bullish CHoCH. Demand formed from the CHoCH is mitigated and still holding. But that Bullish OF is not coming from a HP POI so there is a high probability we will continue down unless we see Bullish OF holding and continuing.
Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not.
3.
Swing extreme 4H demand and Daily for possible continuation to the upside.
Economic Events for the Week