EUR/USD: Precision Trading with SMC and ICT Strategies

yesterday

EURUSD EUR/USD: Precision Trading with SMC and ICT Strategies
Analysis:
Price Action Analysis:
The chart shows the EUR/USD pair on a 1-hour timeframe.

The price is currently at 1.04108.

There is a significant drop followed by a consolidation phase.

Key support and resistance levels are marked, with a strong high at around 1.047 and a strong low at around 1.039.

Smart Money Concepts (SMC):
The chart highlights an Order Block (OB) around the 1.047 level.

There is a Fair Value Gap (FVG) marked, indicating potential areas of price imbalance.

The Relative Balance (RB) is noted, suggesting equilibrium in the market.

ICT (Inner Circle Trader) Strategy:
Fibonacci retracement levels are drawn from the recent high to low, with key levels at 0.786 (1.04762912), 0.705 (1.0462586), 0.618 (1.0447856), and 0.5 (1.04279).

The price is currently near the 0.382 level (1.0407344), indicating a potential retracement zone.

The chart also shows Equal Lows and Strong Lows, which are potential liquidity zones.

Indicators:
RSI is at 56.61, indicating a neutral to slightly bullish momentum.

MACD shows a potential bullish crossover.

Volume Profile indicates high trading activity around the current price level, suggesting strong support.
Buy Signal:
entry: 1.04108
tp1: 1.04478
tp2: 1.04762
sl: 1.03967

Sell Signal:
entry: 1.04762
tp1: 1.04478
tp2: 1.04108
sl: 1.05000

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