E/U top down 08/07/24

8 Jul

top down analysis using SMC made live for you so that eventually you can also understand my thinking process.
if you have any question text me and i'll make sure to answer in the easiest way possible
ps. i'm on a vacancy with my mom and my girlfriend so if you here voices in the background that is the explanation.
have a great trading week

9 Jul

Nota

as you can see both the H1 and the m15 biases occurred perfectly, having in particular the m15 respected millimetrically, this is the essence of what i do, if you want more of this follow me for daily top down analysis.
we found nothing on the H4 because there was no valid structure undergoing so we could only either assume that price was going to keep going higher or start inverting considering that daily has a big demand zone on the bottom that somehow needs to be filled.
so the analysis is:
- daily --> has a huge demand zone down the h4 structure
- H4 --> price is holding the minimum caused by the non farm payrolls without creating any valid structure
- H1 has a short shift that probably starts to tell us that price is ready to shift
- m15 has also a short shift and lets us identify smaller supply zones to have short entries
- m3 fails to undergo the bearish structure like we said in the lates video, shifts long and reacts to the m15/H1 zones.

if you have any questions on how i make my top downs and want any tip feel free to ask and i will answer as soon as possible