Weekly #EURUSD analysis, 29 April - 3 May.

29 abr

Weekly time frame:

1. Swing is bearish, INT is bearish.
2. Price reached above the EQ and shifted bearish, As sign that the swing pullback is over.
3. After iBOS price pulled back to the extreme and did bearish CHoCH as a sign that the pullback
phase is over.
4. Price has reacted to the old demand zone, and reached the supply that caused the break.

We expect to continue bearish.

Confluence from LTF.

Daily time frame:

1. Swing is bearish, INT is bearish.
2. After iBOS we can expect INT pullback.
3. The pullback phase is now ongoing.

Now we can play longs to target at least the EQ of the range.

4H time frame:

1. 4H swing is bearish, INT is bearish.
2. After swing BOS we can expect swing pullback.
3. Price reacted from this POI, But did a bearish CHoCH.
Reaching the supply area that caused the
CHoCH.
4. Maybe we are ready to start looking for shorts.
Follow LTF.

15M time frame:

1. Swing is bearish.
2. Price has pulled back to the extreme demand area on 15M TF & 4H supply.

INT structure is still bullish, but we can expect to turn bearish to start the new 15M swing leg.