This is my Intraday analysis on EURUSD for 22 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H Chart Analysis
1.
2.
3.
15m Chart Analysis
1.
2.
3.
4.
- 4H
- 15m
4H Chart Analysis
1.
- Swing Bullish
- INT Bearish
- OF Bullish
- In Discount
2.
- Price made a bullish BOS and after a BOS we expect a pullback.
- After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
- Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged.
- OF currently is bullish after the Bullish CHoCH. Demand formed from the CHoCH is mitigated and still holding. But that Bullish OF is not coming from a HP POI so there is a high probability we will continue down unless we see Bullish OF holding and continuing.
- Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not.
3.
- Swing extreme 4H demand and Daily for possible continuation to the upside.
15m Chart Analysis
1.
- Swing Bearish
- Internal Bullish
- Pullback Phase
2.
- INT Structure turned Bullish (iBOS) confirming a 15m Swing Low formed and the start of the 15m Swing pullback Phase.
- Expectation now is set to play the pullback phase as Bullish move till we reach a HP 4H Supply zone.
- Just to note that we didn't mitigate any HTF POI to initiate the current Pullback. So be cautious that we may also continue Bearish till we mitigate the Daily/4H demand zone and from there we could continue the 4H Swing Bullish Continuation Phase.
3.
- INT structure continuing Bullish again with Bullish iBOS.
- After iBOS we expect a pullback. No HP demand zones except the one presented which is also not positioned well within the new INT Structure.
- Waiting for more price development with expectations for price to continue bullish respecting the INT Low.
4.
- Weak Swing low is still holding which means that the Swing pullback still active and we will have a deeper swing pullback.
