EURUSD 1-5 Apr 2024 W14 Weekly Analysis - NFP Week!

31 Mar

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:

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

Weekly Chart Analysis

https://www.tradingview.com/x/CsA9MAgF/

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

https://www.tradingview.com/x/alK2upVn/

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

https://www.tradingview.com/x/UFgFBrQN/

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

https://www.tradingview.com/x/6E7JHUTI/