According to SMC Concept, I found a perfect area to buy for Intraday
In Technical perspective, major timeframe shows is clear uptrend. So, it’s safe to have long position to swing. Additionally, right now price near to, 1. QM Manipulation Level H4 2. Resistance become Support Area H4 3. Rally base Rally H1 These all buying opportunities area. GOOD LUCK.
Technically, right now price at previous SBR zone, where the zone already tested and not fresh. But it might react for 2nd to go down. However i aspect the down is just for short term as correction. So SELL for Short-Term and BUY for Long-Term is for me perfect in this situation.
As Technical Analyst, I personally aspect price will go bull on EURUSD. Reason 1. Price break Daily Supply Zone, and aspected to be Demand Area. 2. Price break Daily Resistance and potentially become Support. 3. Price reject the RBS zone as respect to go bull. GOOD LUCK ;)
As i forecast previously, on Weekly timeframe price would go bull. And now price already broke the triangle upside, it’s give as another confirmation to price go bull. Good luck peeps…
This is purely 100% on Technical Analysis view. Right now price on Weekly Resistance Become Support (RBS) area, where it a potential Buy area. The same area also exactly on Daily Rally Base Rally (Demand) area. Additionally, it's fall on H4 Trendline to support the price. This 3 thing are confluence at same place. BUT, bare in mind about Fundamental of USD.
Right now price at daily QM and Supply zone. So, it’s a potential SELL Area. All the best.
I personally Looking for buy opportunities at Rally Base Rally on H4 and swing until at lease previous swing high (resistance).
This area having more confluence such like, 1. QM BREAKOUT 2. POTENTION RESISTANCE BECOME SUPPORT 3. RALLY BASE RALLY (DEMAND) GOOD LUCK ;)
Price getting into QM Zone and at same time its daily Rally Base Rally area. Good luck for buyers.
You might get profit around 70 PIPS on this setup/entry. Reason for entry : 1) Market Structure: Downtrend 2) Area of Value : Potential Support Become Resistance area and its a supply zone where market done a Drop base Drop
Personally, I aspect CHFJPY will go to the moon (for short term). This is because currenly price rejected the Drop Base Rally (4 Hours). I also aspect market might to do a potential Support Become Resistance and continue it’s downtrend until QM (4 Hours). Incase market break the potential SBR, it would go bull until Resistance (D1).
When there have 2 or more then 2 resistance, price might shoot up and hunt your SL. So, better find more high place where potential sell area to be.