The wave structure of EURUSD in the 15M time frame is analyzed aAfter breaking the bottom of Swinglow weak, the price increased again and then broke the bottom, creating a signal that i-Bos continued to decrease.
In the 15M time frame, the price turned bullish when it surpassed the i-High Strong peak, creating the i-CHOCH signal.
Smcanalysis
Wave structure of GBPUSD in 15M frame analyzed by SMC methodAt the current 15m frame, it is a downtrend.
If the price breaks to the bottom of the Swinglow Weak, a BOS signal is created and a new Swinghigh Strong peak is created.
In the 4H time frame, the strong SwingLow bottom has not yet been broken, so 4H is just a pullback wave.
The BTC wave structure is analyzed using the SMC methodAfter the price falls, it creates a peak. The price continues to rise but the bullish candle at the end has a lower body than the previous high and is followed by a candle with a lower body than the previous candle, creating a top sweep signal. There is a high possibility that the price will continue to decrease and penetrate the previous bottom zone
Basic Market Structure Of SMCThere are 3 types of structure: Swing, Internal, and Fractal.
Swing -> BOS -> candle body close
Internal -> i-BOS -> candle body close
Fractal -> f-BOS/CHoCH (fractal structure trend change) -> wick break
CHoCH (Change of Character) -> signals internal pullback starting/ending
i-BOS (Internal Break of Structure) -> signals swing pullback starting/ending
Wave structure 4h, M15 of EURUSDIdeal POIs discount to look for longs to catch the next 4H bullish leg.
Price may not pull back this far as the monenturn is strong Daily supply has not yet been ment.
So I will cautiously follow bullish M15 structure that forms if it is clear
M15 Swing is bullish
Be mindfull it will likely switch bearish when the 4H Swing pullback is ready to strart
But there may be room for at least another bullish M15 Swing leg to 4H/Daily supply
DXY 4H HIGH SWEPTDue to DXY 4H high being swept and not breaking structure a weak low was created, as a result there is now liquidity to be taken at that weak low which will cause DXY to potentially move to the downside in order to mitigate an extreme demand zone. As a result if this happens we can expect currencies such as EUR/USD and GBP/USD to move to the upside.
EUR/USD APPEARS BULLISHWith the DXY temporarily bearish to facilitate a pullback on its 4H leg of price we can expect EUR/USD to be moving bullish Aswell as they are negatively correlated. We need to be vigilant and aware of the fact that supply zones lie ahead meaning that we will be open to sells as we approach those zones. The supply zones may end up causing 4H BoS or further bearish structure to merely mitigate extreme demand zone.
USDJPY H1 USDJPY H1 (SMC)
1-Entering a trade on the dollar and the yen. We note that the price was in a strong upward trend. Break through the top. He quickly returned under it, and this was the first sign of a change in direction
2-Then it broke the low that formed the last high
3-Retesting forms resistance. And give areas for holding sales deals
Have good Luck