This is my Intraday analysis on EURUSD for 15 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
Internal Bearish
Pullback Phase
2.
Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
After a BOS we expect a Pullback. Currently price within the Weekly Demand and at a 4H Demand Zone.
Possibly that PB Phase could start from here and the first weak confirmation would be a Bullish CHoCH.
Following the HTF targets, there is a high probability that the Bearish OF will hold so shorts are possible for continuation bearish from 4H Supply zones.
15m Chart Analysis
1.
Swing Bearish
Internal Bullish - Pullback Phase
2.
After the Bearish iBOS, price continued bearish till the 4H Demand.
With the mitigation of the 4H Demand we formed a Bullish iBOS which confirmed the Swing Low and the initiation of the 15m Swing Pullback Phase.
Expectations is set for price to continue bullish to facilitate the PB till a HP 4H Supply Zone.
3.
4H Supply zone for possible Shorts.
Be mindful that the 4H supply is having Liq above it so there is a HP that this supply will fail to sweep the Liq above.