This is my Weekly analysis on EURUSD for 30 Oct – 3 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. Weekly
  2. Daily
  3. 4H
  4. Economic Events

Weekly Chart Analysis


1.

  • Swing Bearish
  • Internal Bearish
  • Reached Swing EQ

2.

  • After the iBOS we expect pullback, price tapped into Liq and a demand zone which showed a nice reaction that the pullback of the internal bearish structure maybe starting but still the OF is bearish.

3.

  • Potential flip supply zone to continue the INT bearish structure and Swing bearish leg
  • But be mindful that the INT structure doesn’t have IDM and the zone/CHoCH could be used as IDM and we will be in the Swing Discount.

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 Bearish

2.

  • After BOS we expect a pullback
  • CHoCH will be the first sign of maybe pullback is starting, price did a CHoCH confirming INT Low formation.
  • OF still bearish after reaching the daily flip zone. Expectation is that we will continue the bearish OF but be mindful that the pullback will start at anytime.

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 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.

Economic Events for the Week

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/tHCFV6VC-EURUSD-30-Oct-3-Nov-2023-Weekly-Analysis-FOMC-NFP-Week/

I’m Amr

Passionate about the art of trading, I embark on a journey documenting experiences, insights, and growth, where every entry is a step in my journey. Step into my world where dedication meets strategy.

Let’s connect

July 2024
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
28293031  

ADP AUDUSD BTC Consumer Confidence CPI CPI Revisions Durable Goods DXY ECB ECB Meeting Minutes education EUR EURUSD FOMC GBPUSD GDP GOLD Home Sales Housing HTF IFO Industrial Production Interest Rate Intraday Jobless Claims Liquidity LTF Markups NASDAQ NFP PCE PMI Powell PPI Retail Sales Safe Haven Smart Money Concept SMC Structure Trade Balance USD USDJPY Weekly XAUUSD ZEW