EUR/USD Outlook ICT Concepts
EUR/USD Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on EUR/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the last analysis, we anticipated a potential retracement after sweeping the Previous Month High (PMH). However, instead of pulling back, the price continued its bullish expansion, surpassing both the Previous Week High (PWH) and the Previous Day High (PDH).
📍Current Market Overview:
• Current Price: EUR/USD is trading at 1.10818, showing strong bullish momentum after sweeping key highs.
Key Levels:
• PDH (Previous Day High): Recently swept, indicating potential exhaustion of the upward move.
• PWH (Previous Week High): Also swept, adding to the likelihood of a pullback.
• SSL (Sell-Side Liquidity): Located below the current price, these levels could be targeted during a retracement.
• Daily Imbalance: Positioned lower, this is a significant area of interest if the price retraces.
Weekly VI (Volume Imbalance): This level could act as a strong support during a deeper retracement.
🔍 Identifying Key Levels
• BSL (Buy-Side Liquidity): This is positioned above the current price and represents unfilled buy orders. However, given the recent sweeps, it's more likely the price will retrace before attempting to reach this level.
• PDH & PWH: Both have been swept, signaling a potential pullback.
• Daily Imbalance: This area could serve as a magnet for price, offering a potential support zone during a retracement.
• Weekly VI: Positioned lower, this imbalance could act as a strong support if the retracement is more significant.
📊 Key Considerations
• Post-Sweep of Highs: After sweeping the PDH and PWH, the market often experiences a retracement to gather liquidity and balance the order flow.
• Potential Retracement Zones: The Daily Imbalance and Weekly VI are key areas to watch for support if the price starts to pull back.
• Sell-Side Targets: The SSL zones, including the PWL (Previous Week Low), could be the ultimate targets during a bearish retracement.
📈 Bullish Scenario
For the bullish scenario to resume:
• Hold Above Daily Imbalance: The price needs to find support at the Daily Imbalance or the Weekly VI, followed by a potential continuation higher towards the BSL.
• Rejection at Lower Levels: If the price retraces and finds strong buying interest at the Daily Imbalance or Weekly VI, this could trigger another move higher.
📉 Bearish Scenario
A bearish scenario should be considered if:
• Break Below Key Imbalances: If the price breaks below the Daily Imbalance and Weekly VI, this would indicate a deeper retracement, potentially targeting the SSL levels and the PWL.
• Targeting SSL Zones: A move towards the SSL zones would be likely if the bullish support levels fail.
📊 Chart Analysis Summary
• Bullish Expectation: Requires the price to hold above the Daily Imbalance or Weekly VI, with potential for another upward expansion.
• Bearish Expectation: A break below these imbalances would signal a deeper retracement, targeting the SSL and potentially the PWL.
📝 Conclusion:
After sweeping the PDH and PWH, the market is likely to experience a pullback. The Daily Imbalance and Weekly VI are crucial areas to watch for support. If these levels hold, the bullish trend may resume. However, if they fail, a deeper retracement towards the sell-side levels is likely.
🙏 Thank you for joining us!
Exploring EUR/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on EUR/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
In the last analysis, we anticipated a potential retracement after sweeping the Previous Month High (PMH). However, instead of pulling back, the price continued its bullish expansion, surpassing both the Previous Week High (PWH) and the Previous Day High (PDH).
📍Current Market Overview:
• Current Price: EUR/USD is trading at 1.10818, showing strong bullish momentum after sweeping key highs.
Key Levels:
• PDH (Previous Day High): Recently swept, indicating potential exhaustion of the upward move.
• PWH (Previous Week High): Also swept, adding to the likelihood of a pullback.
• SSL (Sell-Side Liquidity): Located below the current price, these levels could be targeted during a retracement.
• Daily Imbalance: Positioned lower, this is a significant area of interest if the price retraces.
Weekly VI (Volume Imbalance): This level could act as a strong support during a deeper retracement.
🔍 Identifying Key Levels
• BSL (Buy-Side Liquidity): This is positioned above the current price and represents unfilled buy orders. However, given the recent sweeps, it's more likely the price will retrace before attempting to reach this level.
• PDH & PWH: Both have been swept, signaling a potential pullback.
• Daily Imbalance: This area could serve as a magnet for price, offering a potential support zone during a retracement.
• Weekly VI: Positioned lower, this imbalance could act as a strong support if the retracement is more significant.
📊 Key Considerations
• Post-Sweep of Highs: After sweeping the PDH and PWH, the market often experiences a retracement to gather liquidity and balance the order flow.
• Potential Retracement Zones: The Daily Imbalance and Weekly VI are key areas to watch for support if the price starts to pull back.
• Sell-Side Targets: The SSL zones, including the PWL (Previous Week Low), could be the ultimate targets during a bearish retracement.
📈 Bullish Scenario
For the bullish scenario to resume:
• Hold Above Daily Imbalance: The price needs to find support at the Daily Imbalance or the Weekly VI, followed by a potential continuation higher towards the BSL.
• Rejection at Lower Levels: If the price retraces and finds strong buying interest at the Daily Imbalance or Weekly VI, this could trigger another move higher.
📉 Bearish Scenario
A bearish scenario should be considered if:
• Break Below Key Imbalances: If the price breaks below the Daily Imbalance and Weekly VI, this would indicate a deeper retracement, potentially targeting the SSL levels and the PWL.
• Targeting SSL Zones: A move towards the SSL zones would be likely if the bullish support levels fail.
📊 Chart Analysis Summary
• Bullish Expectation: Requires the price to hold above the Daily Imbalance or Weekly VI, with potential for another upward expansion.
• Bearish Expectation: A break below these imbalances would signal a deeper retracement, targeting the SSL and potentially the PWL.
📝 Conclusion:
After sweeping the PDH and PWH, the market is likely to experience a pullback. The Daily Imbalance and Weekly VI are crucial areas to watch for support. If these levels hold, the bullish trend may resume. However, if they fail, a deeper retracement towards the sell-side levels is likely.
🙏 Thank you for joining us!
Exploring EUR/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.