Welcome to the weekly Forex Forecast. We’ll be diving into the current market structure, price phases, and key zones across some major pairs.
EURUSD
Starting with EURUSD: The daily swing structure remains bearish, but the internal structure shows bullish momentum, which we’ll be trading as our immediate structure. Currently, price is in Phase 2, approaching a daily demand range where we may look to switch focus, but for now, we're cautiously following the potential for short-term buys until we reach a demand block.
4Hrs Swing = Bearish
4Hrs Internal = Bearish
We follow the internal structure.
Which means that we are looking for sells.
We are phase 3, because the market has given us a bearish ChoCH.
BUT.
Price is in between a demand and supply zone.
Right now we are inside the demand zone. If the demand zone is to hold, we expect to make a new high, tapping into our zone. If it fails, to make a new high and just offers small pullback, then we should expect for price to make a new fractal low from the supply B.
NOTE: It's possible that supply level B could be an inducement of Zone A. Therefore we must be very careful on how we approach Zone B.
- LQ. We have LID. This means LC1 is perfect for this trade especially if we are to trade from supply zone A.
- The EQH created makes me skeptical about the likelyhood of Zone B holding.
USDCAD
Moving to USDCAD: Here, our daily swing is bearish, and though we’ve recently broken to the upside on the internal structure, we’re watching for a pullback. We’re in an extended phase within a supply zone, and while the internal structure may support a short-term bullish view, caution is warranted given the potential for a retracement.
4hrs Swing Structure = Bullish
4hrs Internal Structure = Bullish
We follow the immediate structure which is the internal structure.
However, buying this market at the current price level would be low probability because we expect a swing pullback.
We are in a daily supply level and shorts are probable.
BUT, if we are to follow the internal orderflow, i would buy this market only after a 2nd confirmation.
GBPCAD
GBPCAD shows a bullish daily swing structure but a bearish internal structure, indicating some mixed signals. We’re leaning towards high-probability buys at demand levels, but short-term shorts to daily demand remain in play as we navigate the daily EQ zone.
4Hrs swing structure = bearish
4hrs Internal structure = bearish.
We trade the Immediate structure = internal structure.
Phase 2- A.
Objective:
- Target the Swing and Internal weak lows.
- Play the pro-trend runs.
On the longer term, this market is a buy market. On the shorter we are selling to buy this market as illustrated.
We just need to wait for price to get to our supply level and look for shorts.
AUDCHF
For AUDCHF, both the daily and 4-hour structures suggest bearish potential, especially as price approaches key supply levels. With full alignment in bearish 4-hour structure, we’ll be looking for potential sell opportunities.
4hrs Swing = Bearish
4hrs internal = Bearish
internal price phase = Phase A (pro Internal + Pro Swing)
Objectives:
- Target the 4hrs Weak Swing Low.
- Play the 4hrs Pro-trend Runs.
We have a full MTF Aligment. It is highly probable that the swing pullback is over.
We follow the internal bearish structure. We are selling this market.
In summary, this week’s analysis highlights some high-probability setups across EURUSD, USDCAD, GBPCAD, and AUDCHF, focusing on short-term trades aligned with immediate structures and keeping an eye on key demand and supply zones. Remember, while we follow the internal structure closely, staying flexible is key, especially in dynamic market phases.
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