This is my Intraday analysis on EURUSD for 13 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish / Continuation Phase
Swing Pullback Phase
2.
After a BOS and iBOS we expect a Pullback.
As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High.
15m Chart Analysis
1.
Swing Bullish
INT Bullish
Swing Continuation
2.
15m Swing turned Bullish which indicates that the 4H Bullish INT Structure Pullback maybe over.
After BOS we expect a pullback, INT Structure high is formed after the bearish CHoCH.
Expectations is for price to continue bullish to facilitate the 4H Bullish INT Structure continuation phase.