EURUSD 1-5 Apr 2024 W14 Weekly Analysis - NFP Week!
Euro / U.S. DollarFOREX.com
Description
⋅ This is my Weekly analysis on EURUSD for 1-5 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:
- Weekly
- Daily
- 4H
- Economic Events
Weekly Chart Analysis
1.
- 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.
Daily Chart Analysis
1.
- 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 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.
4H Chart Analysis
1.
- Swing Bearish / Continuation
- INT Bearish / Pullback Phase
2.
- Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low.
- After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback.
- Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure.
- More development on LTF required to confirm the Bullish Pullback Phase.
3.
- 4H and Daily Demand Zones for possible reactions only once reached.
Economic Events for the Week