EURUSD 20 Nov 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 20 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.
After reaching the Daily/4H Supply, price started to show some reaction.
The CHoCH that happened just confirmed the INT High and it was only Sweep of Liquidity due to the aggressive bullish move.
Currently we have a Bullish iBOS and again we are expecting a Pullback which could start from the current 4H Supply or i prefer to Sweep the Liquidity above the Weekly supply and we will be starting a nice pullback to the 4H Swing and it could evolve to a Weekly / Daily bearish continuation.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After a BOS we expect a pullback. The first sign will be a CHoCH which price did but it created instead a bullish INT Structure. So the bearish iBOS will be a sign that the pullback is starting.
We are mitigating the 4H and Daily Supply zones and there is high probability that we will take these zones out as of the Weekly and Daily Liquidity required.
Playing the pullback will be after the bearish iBOS and be mindful that the pullbacks in nature is rough ride.
3.
The most probable demand zones within the new 15m Swing is the Extreme and the one above as both are below EQ (In Discount)
Strucuture
EURUSD 30 Oct 2023 Intraday Analysis This is my Intraday analysis on EURUSD for 30 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Bullish Swing
Bullish INT
2.
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback and a CHoCH is the first sign that the Swing pullback maybe starting.
Price pulled back to almost to the swing extreme and we would expect the 4H swing low to hold and we will target the weak Swing High.
3.
4H Demand zone could hold the price to continue up but the Liq is below it so not a high probability zone.
4.
4H extreme demand is the last zone for price to mitigate if it failed at current price to continue up.
This is the last option for longs for the current bullish swing.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS, we are expecting a Swing pullback, with a bearish iBOS we confirmed the Swing High and the Swing pullback started.
We reached EQ and 4H demand for high probability bullish continuation.
Internal Structure turned bullish to conform the Swing pullback is over and we are going to continue bullish to target the weak swing high.
3.
15m and 4H Demand zone that can provide a potential continuation to the up side if it's going to hold.
EURNZD - 31 May to 4 June 2021 Weekly Trade PlanEURNZD
This is my 31 May– 4 June 21 Week Trade Plan for EURNZD
Glad that i'm back after a long break again to my favorite habit "Charting"
Previous Month : Bearish
Previous Week : Bullish
Daily : Bullish
- After creating new high at 1.7020 resistance, EURNZD couldn't hold a support above the resistance zone 6980/7020 along with previous week news on Wednesday that leaded for more NZD strength pushing the price into the tough ranging zone 6800/6680.
- The current drop in EURNZD still holding above the solid support zone 6650/6600 which could lead to a range plays from lows to retest the highs at 7020.
- COT report still showing that NZD longs are firm and at the highest of the year and shorts are still weak, which means that i do expect EURNZD to maintain the bearish momentum and continue it's down move and any spike in price up reaching a solid resistance level/zone is going to get rejected and will give a solid opportunity for Shorts.
- Seasonality showing that NZD will weaken till mid May and strength till end of May continuing into June to create new NZD highs which will lead EURNZD to create a new low.
- Technically, i'm looking for EURNZD to still range between 7020/6650, which makes me look for longs from range lows and shorts from range highs as long no break and support/resistance formation above Sup/Res zones marked.
- On Friday, RBNZ Gov Orr will have a speech on London session open which will cause NZD to be volatile, so taking cautious at that time will be recommended.
Daily Chart:
Weekly Chart:
Monthly Chart:
More signals to support Dollar index to go up!On the weekly, the candle formed this week seems a bit indecisive. However, the daily chart tells a different story!
It completed the pullback test and the wick candle formed on Friday marked the first try to go up within the week.
As long as my major defense zone holds, the MA crossover is inevitable next week which will support the index to higher. So, what can we get from this conclusion:
1. Forex setups in favor of USD
2. Short setups of commodities which tend to have negative correlations with the index.
NZDUSD: Retest After Breakout (A Very Favorable Risk Reward)Hey traders here's a hard version of the trade I showed you in today's video (You can find the link to my youtube page in the "signature section" below).
Previously we were watching and involved ourselves in the ascending triangle breakout. Now that price action has returned to our previous level of potential structure support, we'll be keeping an eye out for another bullish trading opportunity.
The RED & GREEN box ARE NOT my entries,stops & targets (for those of you who like to blindly follow) It's simple a visual representation showing you how massive the risk to reward ratio can be on this particular trade.
Good luck today traders!!
GBPJPY Monthly possible 2618 set up So over the last week or so I have had ideas about getting long and each time I think we have had a double bottom we break structure and push lower.
So taking a step back from teh daily and weekly and having a look at the monthly charts we do have a possible s618 set up happening, this would coinside with the further push lower and also be in or arround teh over sold level on the RSI
Bearish mindset Bullish Bat & Gartley + AB=CD + H&S - IF=THEN ®FX:USDCAD
Harmonics, Bat & Gartley patterns, basic AB=CD and H&S;
BAT:
Point B:
38.2% to 50% XA
Point C:
38.2% to 88.6% AB
Point D:
88.6% XA
Targets:
TP1 38.2% AD
TP2 61.8% AD
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Safe Trades;
NZD/USD 60 min Bearish Head & Shoulders PatternWe have a Bearish Head and Shoulders pattern on the 60 min chart with RSI Divergence. I'm looking for price to come back up and test .6583 level. This correlates with the top of the right shoulder and 50% of the Shooting Star's wick on the Daily chart. The Renko bars also rejected this level. I'm putting my stop just above the swing high. Target one at the first structure level with the 50% Fib level .6517. My second target is the next structure level at the 88.6 Fib .6448, which also correlates with the 50% of the Spinning Top's wick on the Daily. Good luck trading out there.
USDCAD: Gartley SoonOn FX:USDCAD , the price is in consolidation zone last few weeks. This gives us an opportunity for a nice set-up. Potential Gartley pattern appears in this sideways markets, which guides to manage this trade's SL, TP, and Entry point.
Price respects the support level at 1.3179 and it is more likely that the price would not break that level. Thus, it is wise to put the SL below it. P.S This set-up is based on 100% technical analysis; Be extra cautious later today due to fundaments, USD and CAD news coming and price can become volatile that time.
T1 - 38.2%
T2 - 61.8%
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