Safe Bulkers, Inc. ($SB) AnalysisSector: Industrials - Marine Shipping | Country: Monaco
Company Overview:
Safe Bulkers, Inc. ( NYSE:SB ), a key player in the Industrials sector with a focus on Marine Shipping, operates globally, providing safe and efficient shipping solutions. As a small-cap company based in Monaco, Safe Bulkers specializes in transporting bulk cargoes, contributing to the vital maritime logistics infrastructure.
Performance Metrics:
NYSE:SB demonstrates compelling performance metrics within the small_cap screening, indicating potential opportunities for investors.
Relative Strength: Exhibiting robust relative strength scores of 3.97 against its sector and an impressive 5.11 against the S&P500, NYSE:SB showcases resilience and outperformance against broader market benchmarks.
U/D Ratios: With a U/D ratio of 1.77 (50 days) and 2.24 (15 days), NYSE:SB reveals positive market sentiment and notable upward price movements.
Detected Base Depth: A substantial detected base depth of 70.67% positions NYSE:SB favorably, indicating a solid foundation for potential future growth.
Price Dynamics:
Despite a slight volume deviation of -2.32% below its 15-day average, recent candlestick patterns reveal a 1.33% range in the last candle body and a strong 100.0% closing range. This signifies strong bullish momentum and stability.
The last closing price, at -1.04% away from base resistance, provides an attractive entry point, suggesting potential for further upward momentum.
Short-term Trends:
Over the last 10 days, NYSE:SB has experienced declining prices, volume, and accumulation, reflecting short-term pull back sentiments.
EMA Analysis:
Historical EMA patterns suggest that NYSE:SB usually encounters local tops when the price closes around 49.18% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 9.51% away from the 50 EMA, indicating potential correction levels.
Trade Idea:
An entry at $3.9 aligns with pullback and accumulation signals, providing an attractive risk-reward profile.
A disciplined stop loss at $3.62, based on recent lows, mitigates risk and ensures prudent risk management.
The proposed trade targets an impressive 5.43 Risk-Reward (RR) ratio, with a target price of $5.44, anticipating a total profit of $217.05 or 39.47%.
Conclusion:
Safe Bulkers, Inc. ( NYSE:SB ) exhibits strength in the Marine Shipping sector, with robust relative strength and a detected base depth. The proposed trade idea aligns with pullback and accumulation signals, offering an attractive entry point for investors seeking exposure to potential future growth in the maritime shipping industry.
Structure
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 13 Dec 2023 Intraday Analysis - US PPI/FOMC DayThis is my Intraday analysis on EURUSD for 13 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.
4.
Technically, we still bearish and potentially we can continue down. But looking on the current market fundamentals, Market is in indecision sentiment due to End of Year (December), Inflation Expectations and Rate Hikes/Cut. Volatility is the nature of December due to the lack of liquidity.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish
Reached EQ
2.
Price failed to break the Strong Swing High and swept the liquidity above causing a bearish ChoCH.
We still in bearish Swing and looking on the bigger picture we are still in the same range for almost 2 weeks now.
Not much interested still in Shorting until we have a decent pullback to daily supply. From Intraday prospective, Shorts is the proper play following the 4H/15m Bearish Structure.
Will wait for more development if there will be opportunity for Longs confirmation after the 15m Swing / 4H internal turns Bullish.
3.
No Supply zones for Shorts that can be potential.
4.
Risky Demand zone for longs. Solid confirmation needed before longs.
EURUSD 12 Dec 2023 Intraday Analysis - US CPI DayThis is my Intraday analysis on EURUSD for 12 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 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.
SHIB/USDT 1D. Current situation. Triangle. Breakout. Mems pump.SHIBA INU/USDT 1D. Daily chart. Middleterm trend - horizontal channel.
Price is now being in the support zone of this channel. Symmetrical triangle formed.
Price now broke out the resistance of this triangle. Accumulating as for now. Other memes are pumping one after another.
Those coins often pump before market local correction. This one highly connected with doge, as the main memcoin.
This, as the one of the most liquid, will likely pump the last(for example, now LADYS is pumping).
Triangle has been forming for more then 300 days. Now broke out. Price is a bit higher than the previous accumulation zone(2021), after which there was pump.
This idea is mostly for price monitoring and understanding what's happening on the coin.
It's also very important as to count with enormous pump from the bottom(ain't seen on the chart).
EURUSD 11 - 15 Dec 2023 Weekly Analysis - FOMC Week!This is my Weekly analysis on EURUSD for 11 - 15 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 by not fully closing the candle above. 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.
With that pullback we had formed a Supply zone that can act as a potential zone to play the pullback phase.
Price reached a daily demand zone where we have seen a reaction from on Friday after NFP news.
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 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.
Economic Events for the Week
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.
AUDUSDIs AUDUSD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.88600 What you guys think of it?
EURAUD I Short from resistance zoneWelcome back! Let me know your thoughts in the comments!
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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 4 - 8 Dec 2023 Weekly Analysis - NFP WeekThis is my Weekly analysis on EURUSD for 4 - 8 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 by not fully closing the candle above. Still it could be a sweep of liq if we started to see pushes to the down side and structure changes on TF lower than the Weekly TF.
Price could be targeting the Supply zone at the INT Structure High to continue bearish as long TFs lower supports that.
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 Bullish
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.
With that pullback we had formed a Supply zone that can act as a potential zone to play the pullback phase.
The bearish CHoCH on the Daily appearing to be a Liq. Sweep as we didn't close below it. So, be mindful that OF is in Strong bullish move and playing against it without confirmation will be rough.
Let's watch LTF to guide us.
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.
Economic Events for the Week
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.
BTC - Market Structure 101 📚 Keeping It SimpleHello TradingView Family / Fellow Traders,
📊 I find the BTC H1 chart interesting as it has been respecting the market structure cleanly inside the rising channel recently.
📈 As the price approaches the lower bound of the channel, the bulls are taking control for an impulse after breaking above the last high in blue and the 21 EMA.
📉 Conversely , as the price nears the upper bound of the channel, the bears take charge for a correction after breaking below the last low in green and the 21 EMA.
Today, BTC rejected the upper bound and broke below the green low and 21 EMA, signaling that the bears are currently in control.
📉 The bears are expected to maintain control, and we anticipate a movement towards the lower bound of the channel.
📈 However , a shift in momentum could occur if the bulls regain control by breaking above the red channel and reaching 38,100. In such a scenario, we would anticipate a bullish continuation towards the upper bound of the rising channel.
What are your thoughts? Do you believe BTC will continue to adhere to this simple market structure?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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 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.