EURUSD 9 Jan 2024 W2 - Intraday Analysis - US Trade BalanceThis is my Intraday analysis on EURUSD for 9 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed since yesterday, price still ranging since last Friday NFP and market waiting US CPI on Thursday
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
At Swing Extreme Low
2.
After the recent Bullish BOS price started a series of Bearish INT Structures to facilitate the Swing Pull Back.
3.
INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a fresh 15m/4H Demand zone.
This demand is the last demand zone in order for the 15m Swing to stay bullish. If failed, then we will have a deeper push down and the 4H will have the second view for deep Swing Pullback.
LTF
EURUSD 8 Jan 2024 W2 - Intraday Analysis - EUR Retail Sales This is my Intraday analysis on EURUSD for 8 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
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 creating Bullish CHoCHs.
Still the OF is bearish within the Swing Pullback phase and the current PA is ranging, but as it's the pullback phase we would expect a Swing bullish continuation from current area or from the Swing extreme.
With the latest Bullish CHoCH, if the demand holds, we could see a Swing continuation to target the current INT High. If it demand fails i would expect price continuing to the Swing extreme.
Lets wait for LTF confirmations and price development.
3.
Swing extreme demand for possible continuation to the upside.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
At Swing Extreme Low
2.
After the recent Bullish BOS price started a series of Bearish INT Structures to facilitate the Swing Pull Back.
3.
INT structure turned Bullish after mitigating the 4H demand zones and reaching the 15m Swing extreme.
The recent break (Fail to close below Swing Low) resulted with another iBOS and formed a fresh 15m/4H Demand zone.
This demand is the last demand zone in order for the 15m Swing to stay bullish. If failed, then we will have a deeper push down and the 4H will have the second view for deep Swing Pullback.
4.
Potential demand zone within the Swing extreme.
EURUSD 22 Dec 2023 Intraday Analysis - US PCE / Last Post 2023This is my Intraday analysis on EURUSD for 22 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ/Extreme
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
After the iBOS we would expect a pullback but be mindful with the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price had mitigated the Daily/4H Supply zones and currently close to the Weak Swing High.
Price reacted as expected from the 4H demand zone and we are currently in the same momentum to target the 4H Weak Swing High.
In my POV the current reaction from the 4H/Daily Supply zones is not yet reflecting as a rejection as the reaction didn't achieve anything significant even no Fractal CHoCH. So as long we stay bullish and demand holding we are still solidly bullish.
Also as we are approaching the end of the year, moves will not be in momentum so i recommend to better observe the market and prepare yourself to the next year runs.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
We created a BOS as expected and we are in the Swing continuation to target the 4H Weak Swing High.
After a BOS we expect a pullback and first sign will be a Bearish CHoCH to confirm the INT High. But be mindful that we are in 4H Swing Continuation to i don't expect much pullback before we take out the 4H Weak Swing High.
A note from yesterday that the Internal to Internal Structure (Was mapped in Green) became now the Internal Structure.
EURUSD 21 Dec 2023 Intraday Analysis - US GDPThis is my Intraday analysis on EURUSD for 21 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE
Nothing changed much. Price still ranging without any clear momentum. It's the end of the year and with thin liquidity we will have such behaviors.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ/Extreme
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
After the iBOS we would expect a pullback but be mindful with the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price had mitigated the Daily/4H Supply zones and currently close to the Weak Swing High.
Price reacted as expected from the 4H demand zone and we are currently in the same momentum to target the 4H Weak Swing High.
In my POV the current reaction from the 4H/Daily Supply zones is not yet reflecting as a rejection as the reaction didn't achieve anything significant even no Fractal CHoCH. So as long we stay bullish and demand holding we are still solidly bullish.
Also as we are approaching the end of the year, moves will not be in momentum so i recommend to better observe the market and prepare yourself to the next year runs.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
INT INT Bullish
2.
After the Swing BOS price is currently in a Pullback Phase. INT structure turned bearish to facilitate the Swing Pullback.
Price currently is ranging due to the Pullback Phase and the Bullish Continuation.
Still our expectations is that price going to target the 15m / 4H Weak Swing High. This view will be invalidated temporarily if we created a bearish iBOS (Break of INT Low) which will lead to a deep pullback.
As i'm expecting price will not be clear as we are close to year end and liquidity becoming thin. Observation and working on personal improvements is the best practice currently.
EURUSD 20 Dec 2023 Intraday Analysis - EU/US Consumer ConfidenceThis is my Intraday analysis on EURUSD for 20 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ/Extreme
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
After the iBOS we would expect a pullback but be mindful with the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price had mitigated the Daily/4H Supply zones and currently close to the Weak Swing High.
Price reacted as expected from the 4H demand zone and we are currently in the same momentum to target the 4H Weak Swing High.
In my POV the current reaction from the 4H/Daily Supply zones is not yet reflecting as a rejection as the reaction didn't achieve anything significant even no Fractal CHoCH. So as long we stay bullish and demand holding we are still solidly bullish.
Also as we are approaching the end of the year, moves will not be in momentum so i recommend to better observe the market and prepare yourself to the next year runs.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
INT INT Bullish
2.
Price created a bearish iBOS which confirms a Swing High.
We are currently in the Swing pullback phase which means we are in a short term bearish momentum to facilitate the Swing pullback.
We have some potential supply zones for Shorts to play the Swing Pullback as long we didn't reach the Swing EQ/Discount.
We had mitigated the extreme supply withing the INT structure but the INT INT Structure is Still Solid Bullish. We need an iiBOS to confirm that the INT pullback is over and we can look for Shorts to play the 15m Swing Pullback.
But be mindful that we are in the 4H Bullish Continuation Phase and we are targeting the Weak Swing High on 4H and also on 15m, so Shorts are risky that's why we need a solid structure breaks to confirm the bearish move.
EURUSD 19 Dec 2023 Intraday Analysis - EUR CPI This is my Intraday analysis on EURUSD for 19 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE:
Nothing changed since yesterday, price is ranging within a tide range and maybe with CPI today we can see some movement.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ/Extreme
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
After the iBOS we would expect a pullback but be mindful with the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price is currently at the Daily/4H Supply zones and Weak Swing High.
Price had mitigated the Daily/4H Supply zones formed when we started the Swing Pullback.
Currently price at a 4H Demand zone and the Zone low is the current Liq which price could sweep and continue up again targeting the Weak Swing High.
As we are approaching the end of the year, better to observe the market and prepare yourself to the next year runs.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
Price created a bearish iBOS which confirms a Swing High.
We are currently in the Swing pullback phase which means we are in a short term bearish momentum to facilitate the Swing pullback.
We have some potential supply zones for Shorts to play the Swing Pullback as long we didn't reach the Swing EQ/Discount.
I prefer the upper 2 zones as they are positioned in the Premium and they can potentially categorized as FLIP zones.
For Swing bullish continuation, I'm looking on the 4H/15m Demand zone to look for reaction from for Longs as long the Strong Swing Low will Hold.
EURUSD 18 Dec 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 18 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ/Extreme
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
After the iBOS we would expect a pullback but be mindful with the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price is currently at the Daily/4H Supply zones and Weak Swing High.
Price had mitigated the Daily/4H Supply zones formed when we started the Swing Pullback.
Currently price at a 4H Demand zone and the Zone low is the current Liq which price could sweep and continue up again targeting the Weak Swing High.
As we are approaching the end of the year, better to observe the market and prepare yourself to the next year runs.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
Price created a bearish iBOS which confirms a Swing High.
We are currently in the Swing pullback phase which means we are in a short term bearish momentum to facilitate the Swing pullback.
We have some potential supply zones for Shorts to play the Swing Pullback as long we didn't reach the Swing EQ/Discount.
I prefer the upper 2 zones as they are positioned in the Premium and they can potentially categorized as FLIP zones.
For Swing bullish continuation, I'm looking on the 4H/15m Demand zone to look for reaction from for Longs as long the Strong Swing Low will Hold.
3.
Potential Demand Zone within the current internal and in the Swing Discount.
4.
Extreme Demand zone to hold if the 15m Swing will continue Bullish.
EURUSD 15 Dec 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 15 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High maybe more above.
After the iBOS we would expect a pullback but be mindful the the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price is currently at the Daily/4H Supply zones and Swing extreme.
Our expectations that we will reach the Weak Swing High and extend more. But be mindful that there are no options for longs here as the move already started from the Swing Discount and currently we are at the extreme premium.
As we are at the end of the week and the year, better to observe the market and prepare yourself to the next year runs.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
Price still in Bullish continuation after the BOS creating Bullish Internal structures.
Price mitigated Daily/4H Supply zones and could start a pullback at anytime. A Bearish iBOS will be the signal that the pullback maybe starting.
Be mindful that the current bullish momentum is going to extend to reach the 4H Swing high so still we have another leg up before a pullback.
Always waiting for solid confirmation will be the right decision.
3.
Potential Demand Zone within the current internal and in the Swing Discount.
EURUSD 14 Dec 2023 Intraday Analysis - EUR Interest Rate This is my Intraday analysis on EURUSD for 14 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
Reached EQ
2.
INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High maybe more above.
After the iBOS we would expect a pullback but be mindful the the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
3.
Swing low and last demand for potential buys.
4.
Price swept liquidity on the left but didn't mitigate any supply zone to initiate the pullback.
We have the Daily/4H Supply zone that can provide reaction (Not expecting a deep reaction) that can provide a pullback before we reach the Weak Swing High.
5.
Fundamentally: The Fed showed the acceptance to the market expectations on rate cuts next year which is bearish USD.
We will continue bullish till next CPI/NFP reports which can provide more confirmation for the next FOMC meeting.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
Swing turned Bullish creating BOS. After a BOS we expect a pullback. First sign of the pullback maybe starting will be a CHOCH.
Expectations that price can pullback to demand areas to continue bullish. But be mindful that with that solid bullish momentum, pullbacks will not be deep.
Also price didn't mitigate any HTF POI yet to initiate the pullback, so most probably we will continue the leg up before any decent pullback.
NOTE: Today is EUR Interest Rate Decision.
3.
Potential Demand Zone within the current internal and in the Swing Discount.
EURUSD 11 Dec 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 11 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
Reached EQ
2.
INT structure turned bearish to liquidate the INT Low (Liquidity above the Daily Demand) and mitigated the daily demand zone.
INT Structure is currently bearish, so we are still bearish and there is a high probability that we may break the Swing Low as per the Daily/Weekly Bearish Continuation.
On the other side, 4H/Daily Swings are bullish and we are at the extremes. If we are going to continue these bullish structure then at least we need to see Bullish iBOS on the 4H. We also could benefit from LTFs to show us early if that daily mitigation could develop to be a Swing Continuation on the 4H/Daily.
Waiting for LTF to show me more developments.
3.
Swing low and last demand for potential buys.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
Reached EQ
2.
Swing turned bearish after NFP and tapped into a Daily Demand Zone where we started the 15m Swing/INT Pullback.
Currently we are bearish in Structure on 15m and 4H. My expectations is that if we are going to continue down we need to respect the 15m Swing / 4H INT Highs and we can continue bearish.
If we invalidated the 15m Swing / 4H INT Highs then we are going to play longs for the Daily Structure.
3.
No Supply zones for Shorts that can be potential.
4.
No significant Demand zones to hold price.
EURUSD 8 Dec 2023 Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 8 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
2.
INT structure turned bullish which is a sign that the Swing pullback my had finished and we could continue up following the Bullish Swing.
We didn't mitigate any HTF POI till now for this INT structure to hold. May be the daily range on the left could be the reason of the INT to turn bullish! We will see after.
Currently we are mitigating the 4H demand that caused the Bullish iBOS and as long we respect the INT Low the possibility of moving up from his is high.
Waiting for LTF to show me more developments.
3.
Swing low and last demand for potential buys.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Reached EQ
2.
Swing turned bullish after a series of bearish structures which indicates that the 4H Swing pullback may ended and we may continue the Bullish 4H Swing move.
Current bullish Swing structure is a sign of bullishness but looking on the left, we still in a range which is not convincing much and could be a a pause in the market before heading down again.
Away from that, as long i trust the structure and accept the outcome from it, i'll be looking for longs to continue that bullish Swing as long we don't break the Swing low and form again a bearish Structure.
3.
15m Demand within the 4H Demand which could provide opportunity for longs as long we respect the Swing Low.
EURUSD 7 Dec 2023 Intraday Analysis -EUR GDP / US Jobless ClaimsThis is my Intraday analysis on EURUSD for 7 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
Reached EQ
2.
Price had created a Bearish INT Structure and it could be targeting the 4H Demand within the Swing extreme.
Currently price is in Swing pullback phase and the Bullish continuation could start at anytime from the Swing Discount. It's preferred to mitigate a Demand zone to give more confidence.
Will be waiting for LTF (15m) to support the decision with bullish structure formation.
3.
Swing low and last demand for potential buys.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
Price still in a series of bearish structures (Swing/Internal) as we didn't mitigate yet any HTF POI.
We formed Swing Low yesterday after a Bullish iBOS but it didn't hold for a pullback phase.
My expectations is price may continue down to a HTF POI and we can see after a change to a bullish structure to confirm that the 4H Swing pullback is over and we may continue the Bullish Swing.
Currently Shorts is the play with the current Bearish Swing from Supply zones that are well positioned in Premium.
For Longs, i'll wait for the mitigation of a HTF Demand zone or the 15m Swing/Internal turn bullish.
EURUSD 6 Dec 2023 Intraday Analysis - EUR Retail Sales / US ADPThis is my Intraday analysis on EURUSD for 6 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
Reached EQ
2.
Swing low and last demand for potential buys.
3.
Price created a bearish iBOS which confirmed the Swing High and the Pullback started.
Price tapped into the Discount and we may start the Pullback for the bearish INT Structure.
Price could sweep the Liq. above the CHoCH and continue down. But be mindful that the Swing is Bullish and we could see the Swing bullish continuation at anytime.
There is no high probability demand that price can start the pullback from and the only one available currently at the Swing extreme. Due to that, better to see structure change on LTF before looking for Longs.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
Swing structure turned bearish creating a BOS. After a BOS we expect a pullback.
INT structure is bearish which means we still in the bearish continuation until we have a Bullish iBOS. Also we didn't mitigate any HTF POI to initiate a pullback yet.
I'll be waiting for Bullish iBOS to play the 15m Swing pullback or wait for the 4H Bearish iBOS to confirm the 4H Swing Pullback started to play Shorts.
Currently the 15m INT is in a series of bearish structures so most probably we will continue bearish till we reach a HTF POI.
EURUSD 5 Dec 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 5 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bearish
Reached EQ
2.
Swing low and last demand for potential buys.
3.
Price created a bearish iBOS which confirmed the Swing High and the Pullback started.
Price tapped into the Discount and we may start the Pullback for the bearish INT Structure.
Price could sweep the Liq. above the CHoCH and continue down. But be mindful that the Swing is Bullish and we could see the Swing bullish continuation at anytime.
There is no high probability demand that price can start the pullback from and the only one available currently at the Swing extreme. Due to that, better to see structure change on LTF before looking for Longs.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
Swing structure turned bearish creating a BOS. After a BOS we expect a pullback.
INT structure is bearish which means we still in the bearish continuation until we have a Bullish iBOS.
I'll be waiting for Bullish iBOS to play the 15m Swing pullback or wait for the 4H Bearish iBOS to confirm the 4H Swing Pullback started to play Shorts.
EURUSD 4 Dec 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 4 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
2.
Swing low and last demand for potential buys.
3.
After the Bullish iBOS we expected a pullback. We created a CHOCH and price continued the pullback for the INT Bullish Structure.
The pullback pushed down and swept the Liq. below the Stron INT Low and reached the Swing EQ.
It's a tough call now! We have the 2 options valid (Buy / Sell) but we need to see more price development and confirmation to trigger.
Option 1 Buy: I'll be waiting to see if price will confirm the failure to close below the INT Low and it was a sweep of Liq. below strong low from the LTF Structure changing to bullish.
Option 2 Sell: I'll be waiting for the INT Structure to shift bearish which will confirm the Swing High and we can look now for shorts after the INT pullback. But be cautious that we already reached the Swing EQ and buyers will step in now.
Let's see what the LTFs will tell us and we can adopt accordingly while keeping our HTF analysis always in play.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
2.
Swing structure turned bearish creating a BOS. After a BOS we expect a pullback.
INT structure is bearish which means we still in the bearish continuation until we have a Bullish iBOS.
Price taped into the 15m and 4H Supply that caused the bearish BOS and till now holding.
I'll be waiting for Bullish iBOS to play the 15m Swing pullback or wait for the 4H Bearish iBOS to confirm the 4H Swing Pullback started to play Shorts.
EURUSD 1 Dec 2023 Intraday Analysis - US PMI / Powell SpeaksThis is my Intraday analysis on EURUSD for 1 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Before the analysis, i want to share update on my current short trade on EURUSD. The trade is currently active and secured by moving SL to BE.
My current target is the 15m Swing Low/4H INT Low/Daily CHoCH. My current understanding that we are bullish in structures (15m Swing/ 4H INT / Daily INT) and i should either close my current short or look to long. But as i planned the trade from the start targeting the Liquidity on the Daily i wouldn't change my plan within the trade unless something significant occur (15m INT Structure turns Bullish). By sticking to the plan, i can evaluate my trading analysis and planning to find out where i can improve my trades. In other words what you planed is what you'll get.
Currently there is a chance that price can reverse from here as we are at 15m / 4H Bullish structures extreme.
Trade 15m Chart:
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Swing low and last demand for potential buys.
3.
After the Bullish iBOS we expected a pullback. We created a CHOCH and price continued the pullback for the INT Bullish Structure.
Currently we are at the INT Discount/Extreme but there is high probability demand area to contain price from my point of view. Yes, Price could continue the bullish momentum and 4H INT Bullish continuation move. But i prefer to have a well defined Demand Zone to look for trades from.
There is also a pullback required from the 4H Swing which we didn't have it till now and the Daily Liquidity (INT Low on the 4H) could be the target for the daily to get Liquidity for more up side. That's why i don't prefer to trade from an area without seeing Liquidity taken.
Let's see what the LTFs will tell us and we can adopt accordingly while keeping our HTF analysis always in play.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
In Discount / Extreme
2.
As internal Structure turned bearish yesterday. Price continuing bearish and reached the 15m Swing Extreme.
Our expectations that after this deep pullback and if we are going to stay bullish on the 15m Swing, Price could start the bullish 15m Swing continuation.
But the INT structure still bearish so no confirmation yet. there is a risky option that i can see is that the INT to INT Structure turned bullish which could be the first sign for bullish momentum coming after this deep swing pullback.
It's Friday and December starting which is not a preferred trading month. So i'll be cautious with the current price structure and wait for solid options.
3.
INT Structure is in bearish momentum after starting the pullback.
Yesterday EU CPI news was a catalyst for that deep pullback.
EURUSD 30 Nov 2023 Intraday Analysis - EU CPI / End of Month!This is my Intraday analysis on EURUSD for 30 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Before the analysis, i want to share my trade taken yesterday based on the analysis shared with the idea of looking for Shorts to play the pullback for the 15m Swing and the 4H INT Structure.
As per the plan yesterday, i was waiting for Bearish INT Structure to signal that the pullback had started and i can look for Shorts after. We did that yesterday and formed a Bearish CHoCH on the 4H where i took my shorts in anticipation that the INT Bearish Structure will hold bearish to facilitate the pullback.
I know it will not be a smooth trade because we are trading against the trend, but as per the plan i can trade these options with cautious.
This is the current trade for reference on 15m Chart:
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Swing low and last demand for potential buys.
3.
After the Bullish iBOS we expect a pullback. We created a CHOCH yesterday which confirmed the INT High and the pullback of the INT Structure started.
Most probably we will be targeting the Demand zone in the 4H Swing Discount before looking for longs.
Be mindful that the Bullish momentum is so strong and shorts wouldn't be a smooth ride, So patience is always the key of success! plan and wait for confirmation.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
INT Structure turned Bearish to signal the 15m Swing Pullback and we are in short term bearish momentum.
Most probably price will be targeting the unmitigated 4H / 15m Demand zones and the Swing EQ for this pullback. Could extend to the Swing Extreme but our expectations is to look for longs from the extreme after confirmation.
Be Mindful that the Bullish momentum is strong and shorts will not be a smooth ride.
3.
Price had mitigated the 4H Supply and created a CHoCH on the 4H which created a new Supply that was mitigated within the current Bearish INT Structure.
EURUSD 29 Nov 2023 Intraday Analysis - EU CPI/US GDP, BaileyThis is my Intraday analysis on EURUSD for 29 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Swing low and last demand for potential buys.
3.
After the Swing BOS, we expected a pullback but price still in Bullish momentum and still creating Bullish INT Structures. We didn't have Swing pullback till now which will be identified by a Bearish iBOS.
Price did another Bullish iBOS and reached a 4H Supply and mitigating a Daily Supply. We are expecting a pullback for the INT Structure and the first sign will be a bearish fractal CHoCH which will be the 15m Bearish iBOS.
Be mindful that the Bullish momentum is so strong and shorts wouldn't be a smooth ride, So patience is always the key of success! plan and wait for confirmation.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
As expected, price created another Bullish BOS following the Bullish momentum. After a BOS we expect a Swing Pullback.
The first sign that the pullback maybe starting is a Bearish Fractal CHoCH. But as we formed INT Structures after the BOS, then we will wait for INT Structure to turn bearish first to:
1- Confirm a Swing High
2- Confirm that the pullback is starting
Be Mindful that the Bullish momentum is strong and shorts will not be a smooth ride.
3.
Price is currently mitigating a 4H and Daily Supply Zones.
Pullback could start from here, but as we identified in the previous point that we need a confirmation with a Bearish iBOS.
Longs are currently the only play from the INT Demand areas after confirmation till INT Lows fails and we get the bearish iBOS.
EURUSD 28 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 28 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Swing low and last demand for potential buys.
3.
After the Swing BOS, we expected a pullback but price still in Bullish momentum and still creating Bullish INT Structures. We didn't have Swing pullback till now which will be identified by a Bearish iBOS.
Price reached the extreme of the Bullish INT Structure and we may react only from there as our expectations is to reach (And maybe extend above) the Weak INT HIgh. So the current supply there may provide some bearish reaction, but our expectations on the 4H TF is to continue up.
But keep in mind that the bearish scenario we have from the Weekly and Daily could be starting from this area or a bit higher. In all ways, bearish scenario will be confirmed with bearish structure formation which we don't have till now.
So patience is always the key of success! plan and wait for confirmation.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
INT Structure continuing bullish following the 15m Swing bullish structure and our expectations is to reach the Swing high and most probably we will take it out.
3.
Price still moving to the upside but i can see there is no momentum.
So my expectations that we can see a break of the INT/Swing High, mitigate the 4H/Daily Supply and then we can start a pullback.
There is no confirmation yet for the shorts, So most probably will wait for at least a bearish iBOS.
EURUSD 27 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 27 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Swing low and last demand for potential buys.
3.
After the Swing BOS, we expected a pullback but price still in Bullish momentum and still creating Bullish INT Structures. We didn't have Swing pullback till now which will be identified by a Bearish iBOS.
Price reached the extreme of the Bullish INT Structure and we may react only from there as our expectations is to reach (And maybe extend above) the Weak INT HIgh. So the current supply there may provide some bearish reaction, but our expectations on the 4H TF is to continue up.
But keep in mind that the bearish scenario we have from the Weekly and Daily could be starting from this area or a bit higher. In all ways, bearish scenario will be confirmed with bearish structure formation which we don't have till now.
So patience is always the key of success! plan and wait for confirmation.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
INT Structure continuing bullish following the 15m Swing bullish structure and our expectations is to reach the Swing high and most probably we will take it out.
3.
My expectations is if price managed to break the 15m Swing High and confirm a BOS, Most probably we will initiate a Pullback from mitigating the 4H/Daily Supply zones.
Shorts are not confirmed as the momentum is bullish. but planning before is important.
EURUSD 24 Nov 2023 Intraday Analysis This is my Intraday analysis on EURUSD for 24 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Swing low and last demand for potential buys.
3.
Following the bullish INT Structure, after the iBOS we pulled back to the structure extreme and mitigated the 4H demand.
Currently price is mitigating the formed demand from the bullish CHoCH.
Current expectation is to target the INT High. But be mindful that the Swing Pullback could happen at anytime and the current INT Bullish structure can fail to start the pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
INT Structure turned Bullish to Signal that the 15m Swing is over and we are currently targeting the Weak Swing High.
If price going to respect the current INT Low there is a high probability that we are going to continue up. So this demand zone is the last opportunity for longs to continue up.
3.
Price didn't mitigate any 15m/4H supply up. So we may have another push to the up side specially after the Bullish iBOS.
EURUSD 23 Nov 2023 Intraday Analysis - EUR PMI / US HolidayThis is my Intraday analysis on EURUSD for 23 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
Before i start my analysis, i want to share the current trade that i planned it in my analysis yesterday in regards to the buy opportunity from the 4H Demand.
Current trade is based on the idea of following the Bullish structure on 15m and 4H and as long the 15m Swing is bullish, i'll be looking for longs from 4H demand.
This is the current long trade with SL now at BE as we reached the INT Bearish Structure Extreme Supply.
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Swing low and last demand for potential buys.
3.
Following the bullish INT Structure, after the iBOS we pulled back to the structure extreme and mitigated the 4H demand.
Current expectation is to target the INT High. But be mindful that the Swing Pullback could happen at anytime and the current INT Bullish structure can fail to start the pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
Price in bearish INT Structure to facilitate the 15m Bullish Swing pullback.
We reached the discount and almost the extreme and mitigated a fresh 4h demand zone.
Most probably if this Swing is going to hold bullish, we are expecting the INT structure to turn bullish and target the Swing High.
3.
Current INT Bearish structure extreme supply zone which could provide short opportunities to continue bearish. But be mindful that we reached the discount and mitigated the 4H Demand.
EURUSD 22 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 22 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
2.
Bullish Swing continuation happened as expected and we created a Bullish BOS.
After a BOS we are expecting a pullback and first sign will be a CHoCH.
We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure.
3.
Price still in a Bullish momentum after the 4H BOS.
We didn't mitigate the Daily/4H Supply yet but it did a CHoCH and confirmed INT High after the bullish iBOS.
Currently price in an INT Structure Pullback and most probably the 4H Demand will be a good area for Longs if there is conformation from LTF (15m)
15m Chart Analysis
1.
Swing Bullish
Internal Bearish
2.
As mentioned yesterday we were looking for a sign for the pullback and with the bearish iBOS we confirmed a Swing High and we are currently bearish to facilitate the Swing Pullback.
We didn't mitigate the Daily Supply, but keep in mind that price doesn't have to mitigate it before going down. Always follow the structure and what does it tells you and not to follow what you want price to do.
Most probably a pullback after the iBOS will be an opportunity for Shorts if we didn't tap into discount or deep in the Swing Discount. If we are in a deep pullback then most probably will look for longs from the 4H Demand zone.