This is my Weekly analysis on EURUSD for 8-12 Apr 2024 W15 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 Continuation
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 was initiated after the Bullish CHoCH which formed a demand that is currently showing reaction from causing a Bullish CHoCH.
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 / Continuation
- INT Bearish / Pullback Phase
2.
- Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
- As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
- Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
3.
- After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/ZWb53TgG-EURUSD-8-12-Apr-2024-W15-Weekly-Analysis-EU-Rate-US-CPI-PPI/
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