This is my Weekly analysis on EURUSD for 18-22 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
- Weekly
- Daily
- 4H
- Economic Events
- Swing Bearish
- Internal Bearish
- Reached Swing EQ
- Swing Continuation (Pro Swing + Pro Internal)
2.
- After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low.
3.
- Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
- Expectation is to continue bearish and target he Weak INT Low.
- Swing Bearish
- INT Bearish
- Swing Continuation / INT Pullback
2.
- After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low.
- Also after iBOS we expected a pullback which we are currently in.
3.
- Price didn’t reach a HP POI to continue down, but price seems to be reacting from the Liq on the left.
- In order for me to consider that the INT Structure Pullback is over, i need to see at least a Bearish CHoCH. So will be watching the Daily Demand Zone for possible continuation up to target he HP POI (Daily/Weekly Supply) or a Bearish CHoCH for me to start looking for Shorts to target the Weak INT Low.
4.
- Daily and Weekly demand zones for reactions once reached.
- Swing Bearish
- INT Bullish / Continuation Phase
- Swing Pullback Phase
2.
- After a BOS and iBOS we expect a Pullback.
- As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
- Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
- Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
- 4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
- After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
- Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/JAKaMurK-EURUSD-18-22-Mar-2024-W12-Weekly-Analysis-US-Rates-FOMC/
Related Posts
- EURUSD 15 Mar 2024 W11 – Intraday Analysis – US Industrial Production (Ramadan Late Analysis)
- EURUSD 14 Mar 2024 W11 – Intraday Analysis – US PPI (Ramadan Late Analysis)
- EURUSD 13 Mar 2024 W11 – Intraday Analysis (Ramadan Late Analysis)
- EURUSD 12 Mar 2024 W11 – Intraday Analysis – US CPI Day! (Ramadan Late Analysis)
- EURUSD 11 Mar 2024 W11 – Intraday Analysis (Ramadan Late Analysis)
- EURUSD 11-15 Mar 2024 W11 Weekly Analysis – US CPI Week
Latest Weekly Analysis
- EURUSD 11-15 Mar 2024 W11 Weekly Analysis – US CPI Week
- EURUSD 4-8 Mar 2024 W10 Weekly Analysis – EU Rate Decision / US NFP Week
- EURUSD 26-1 Mar 2024 W9 Weekly Analysis – US PCE/GDP Week
- EURUSD 19-23 Feb 2024 W8 Weekly Analysis – EU CPI/PMI Week
- EURUSD 12-16 Feb 2024 W7 Weekly Analysis – US CPI Week
