This is my Weekly analysis on EURUSD for 25-29 Mar 2024 W13 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.
- With the current PA, expectation is set to target the Weak INT Low and further to the Weak Swing 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.
4.
- As expected, Price reached the 4H/Daily demand zone as referred to the deep INT Structure Pullback.
- We have now the 2 scenarios; if price will continue up targeting the Weak INT High we will respect the Strong Low.
- If price breaking the Strong INT Low, then the Daily view in play and we will target the 4H/Daily Weak Swing Low.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/NWcWjdBc-EURUSD-25-29-Mar-2024-W13-Weekly-Analysis/
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