EURUSD 12 Jan 2024 W2 - Intraday Analysis - US PPI DayThis is my Intraday analysis on EURUSD for 12 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed much also yesterday even with CPI news. a whole ranging week and i wish we get out of that range today so we can have better opportunities next week. Wishing everyone a good weekend.
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
2.
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 15m/4H Demand zone.
This demand is mitigated now we are currently ranging.
For me it's clear now that market is waiting for CPI news today which will will provide us a clear view for next week.
3.
After CPI news yesterday, we pushed above range high (NFP High) which enabled me after to mark INT Structure high as we did a CHoCH.
Currently we still ranging inside the INT Structure. My Bias still Bullish till we see bearish Structures.
Structure
EURUSD 11 Jan 2024 W2 - Intraday Analysis - US CPI DayThis is my Intraday analysis on EURUSD for 11 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed since yesterday too, price still ranging since last Friday NFP and market waiting US CPI Today.
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.
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 15m/4H Demand zone.
This demand is mitigated now and we are currently ranging.
For me it's clear now that market is waiting for CPI news today which will will provide us a clear view for next week.
EURUSD 10 Jan 2024 W2 - Intraday Analysishis is my Intraday analysis on EURUSD for 10 Jan 2024 W2 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
NOTE : Nothing changed since yesterday too, 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.
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 15m/4H Demand zone.
This demand is mitigated now and we are currently ranging.
For me it's clear now that market is waiting for CPI news tomorrow which will will provide us a clear view for next week.
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.
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 8-12 Jan 2024 W2 Weekly Analysis - US CPI WeekThis is my Weekly analysis on EURUSD for 8-12 Jan 2024 W2 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
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.
Daily and Weekly demand zones for reactions once reached.
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.
Economic Events for the Week
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.
Warning : ETH Showing signs of falling!As you know we are in a downside structure and this upside move is just for grabbing more liquidities.
Now ETH after grabbing IDM liquidity is under of DP orderblock and made minor Choch so it have a potantial of downside move to 883 $ .
If price moves up to 2460 $ the falling senario will be cancelled until the price reach 3700 $
This is my own idea and its not a financial advice.
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.
BTC - For Now, We Wait ⏱Hello TradingView Family / Fellow Traders,
Based on my recent BTC analysis (attached on the chart), we anticipated a rejection from the blue circle zone, as it is the intersection of the lower bound of the channel and the 40,000 round number.
Now, what's next?
📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above the last major high marked in orange at 43,550.
In this case, a movement to the 48,000 resistance would be expected.
📉 Meanwhile , BTC would be stuck inside a range, but the bulls will remain in control as long as the 40,000 level holds.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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.
NATGASNATGAS was trading in descending parallel channel. The price was reacting well the support and resistance of descending channel.
Currently the price has given the breakout of channel and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2.8.
What you guys think of this idea?
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.
H4 potential breakHello traders,
Following daily structure, there's a good chance that the H4 goal was completed and price is now ready to continue lower.
- After the huge FOMC reaction it's easy to get caught up into looking for a continuation opportunity but if we zoom out, it's possible to see a clear bearish scenario forming.
- Price is respecting daily and H4 supply zones.
- Daily structure remained bearish, despite the strong move on the H4.
- If price is going to continue to move higher the M15 will be the first to let us know.
- There's also the potential that price will stay in a range considering that it's getting closer to the end of the year.
(This is not financial advise, just my own views.)
Cheers
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 18 - 22 Dec 2023 Weekly Analysis - 2 Weeks for 2023 End!This is my Weekly analysis on EURUSD for 18 - 22 Dec 2023 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
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.
Price had fully mitigated the weekly supply (FLIP Zone and swept the Liq above the zone.
Expectations are set now that we are targeting the Weak INT Low following the Bearish INT Structure.
Price is approaching a weekly demand area which can provide a reaction.
4.
Extreme supply within the bearish INT structure with Liq below it. A potential zone located in the Swing premium for continuation down
Daily Chart Analysis
1.
Swing Bearish
INT Bullish
OF Bearish
Reached EQ
2.
After BOS we expect a pullback
OF turned bullish to facilitate the Swing pullback and we formed bullish iBOS to confirm the Swing Low and the pullback.
With that pullback we formed Weekly and Daily demand zones which are potential for longs after confirmation on LTFs.
3.
After the Bullish iBOS we are expecting a pullback. First sign of the pullback maybe starting is a CHoCH which price did and confirmed INT High.
Price reached a daily demand zone where we have seen a solid reaction from to target the Weak INT High.
The mitigation of this daily demand zone could be the start of the Bullish continuation of the Daily INT Structure. But be mindful that the Daily Swing is Bearish, Reached the EQ and mitigated Daily/Weekly Supply zones, So we may have finished the Swing pullback and we are in the Swing bearish continuation to target the Weak Swing Low.
Let's watch LTF to guide us.
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.
Economic Events for the Week
Market structure, Right side of the marketMarket structure is one of the most important thing one can learn in trading. If you are day trading or investing staying on right side of the market is very important. Market structure help to identify the right side of the market. Lets say market is making HH (Higher high) and HL (higher low) that's bullish market structure. Meaning buyers are in control and its a bull trend. If market making LL (Lower low) and LH (Lower high) then seller are in control making it a bear trend.
Market are always in trend or trading range. In trend you are either in a bull trend or a bear trend. Market usually don't go from bull trend to bear trend. Often it will stay a trading range after a trend. If market breaks that trading range in trend direction then we call that flag pattern. If it was a bull tend a bull flag and on a bear trend a bear flag, but if price fails to continue going in earlier trend direction then its become a failed flag and then trader thinks we might get a trend reversal.
lets say market is in a bull trend so its making HH and HL . But if market fail to make a HH or HL and it ends up making LH then people start to think if this bull trend is still a strong bull trend which can cause market to shift from bull trend to trading range. And after a LL many bull will get out of their position which could create a LH and end up reversing a trend. In which case if price in a bull structure and market making HH and HL you should only be a buyer and after market structure change its direction then you can think if you should sell.
all that glitters is not gold 🥇Hello TradingView Family / Fellow Traders,
📌 Weekly: Left Chart
From a long-term perspective, Gold appears to be confined within a range, currently nearing its upper boundary.
As long as the 2100.0 resistance holds, the possibility of a bearish correction persists. Confirmation of a bearish reversal setup would depend on lower timeframes.
📌 H1 : Right Chart
From a short-term perspective, the Gold market structure has been clean lately.
Every time a low or high is broken, it signals a short-term trend reversal.
If we follow the same logic, the bulls are currently in control.
For the bears to take over, a break below the last low highlighted in red is needed. In this case, we anticipate a bearish movement till the 1985.0 demand zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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.