This is my Intraday analysis on EURUSD for 8 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish / Continuation
INT Bearish / Pullback Phase
2.
Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.
3.
After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Reached Swing EQ
Swing Continuation Phase
2.
After the Bearish BOS we expect a Pullback.
Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.
3.
INT Structure failed to continue bearish and turned bullish after reaching the 15m Swing EQ and tapping into a daily demand zone.
Expectations is set to continue Bullish following the 15m Bullish Swing Continuation Phase with target of the Weak Swing High.