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Smcconcepts

GU Price Action for WC 1107 - Short upon LTF BoS confirmationMTF analysis are in the anchored notes for M,W,D,H4, AND H1 Annotations/ Notes and Markups are on the charts KEY LEVEL = Tried & tested S&R zones S/R zones are labeled as S/R zones High Impact News / Potential price catalysts: (My time is GMT +8. Adjust according to your timezones) TUE, 11/08/2022, (NO SPECIFIC TIME) - CONGRESSIONAL ELECTIONS (USD) THUR, 11/10/2022, 9:30 PM - CPI NEWS (USD) FRI, 11/11/2022 , 3:00 PM - NOV 2022 GDP STATS (GBP) FRI, 11/11/2022 , 11:00 PM - NOV 2022 Prelim UoM Consumer Sentiment (USD)
Short
by RSC_FX
2
The most important week of 2022 is finally upon us.FX:EURUSD This week of November will most likely be the most important week of the year. Context EURUSD has been in a bear market for the entirety of 2022, falling a whopping 16.2% . As the year begins to round up, talks of a FED pivot has been in the air and resulting in an increased risk on sentiments that have resulted in 2 consecutive weekly bullish candles. Where do price go from here? I have identified the 2 possible directions and insights/rationale to them. #1 Analysis: 1. ECB's dovish switch on recent monetary statement 2. Upcoming FOMC meeting will set to stone the stance of the FED 3. Maintained hawkish stance -> interest rate differential and tonality will prevail 4. NFP prints resilient and strong -> further incentives for hawkishness by FED 5. USD strengthens #2 Analysis: 1. Upcoming FOMC meeting CONFIRMS FED pivot to dovish territories 2. Time for doves and goodbye Hawks. 3. Increases risk on sentiments in the market. 4. NFP prints poorly which shows the rate hikes has done its job. 5. USD weakens Both ways are possible. Let's all wait and see how the week ends.
by Jon_Jones_Junior
USD/CADBeautifull PA on UC is printed last friday We have liquidity sweep in last 4H low. Then we seen push up. Curently we siting at M15 strong high. My expectation is that price can go little bit highter and then slowly selling down for that demand that I drow. If we get nice confirmation in this area we can get nice trade of that. All demand behind are filled. Exapte one IC candle with i drow another demand (that lower and tighter). I recommended watching PA in that demand and trying to find long entry.
by wikissek342
EURCAD Alternative CountEURCAD is in an interesting situation where we have alternative scenario, where in the short-term they are indicating the same direction but in the long-term are different. The idea is we have a zig-zag correction and also a leading contracting diagonal pattern. Zig-Zag correction pattern we will see price break below previous low to make new lows, suggesting long-term bearish trend. Leading Contracting Diagonal pattern suggesting we will make short-term bearish move to complete a corrective pattern as motive waves are always followed by corrections. With that in mind we cant make new low or break old low that would only invalidate the Leading Diagonal scenario. What are your thoughts?
by Weshareio
BTCUSDT is testing the demand ZoneThe price is testing a key level on 19300, where the price has the supply zone . The price bounced on 18850$ How to approach it? Today is a volatility day, so the price could create the spike in order to grab the liquidity and create a bearish impulse ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
4