EURUSD H4 Chart Analysis | 3rd November 2022
Hi everyone, today I will be analysing the recent H4 timeframe on EURUSD using Smart Money Concepts.
The concept I would like to express today is the concept of liquidity along with demand and supply zone.
Points:
1. Identifying the different liquidity zones is crucial
2. Price is currently resting on a demand zone but that does not mean price will rebound off it
3. Market structure is still bearish
4. There is NO confirmation for longs
5. Noticing how price grabs liquidity on large timeframe and that FUNNELS a huge movement to a certain direction, as marked by the "MARK UP" and "MARK DOWN".
Do leave a comment down below and I will be keen to answer any questions or reply to your comments!
The concept I would like to express today is the concept of liquidity along with demand and supply zone.
Points:
1. Identifying the different liquidity zones is crucial
2. Price is currently resting on a demand zone but that does not mean price will rebound off it
3. Market structure is still bearish
4. There is NO confirmation for longs
5. Noticing how price grabs liquidity on large timeframe and that FUNNELS a huge movement to a certain direction, as marked by the "MARK UP" and "MARK DOWN".
Do leave a comment down below and I will be keen to answer any questions or reply to your comments!