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Amr-Sadek
Apr 12, 2024 5:43 AM

EURUSD 12 Apr 2024 W15 - Intraday Analysis  

FOREXCOM:EURUSD240
Euro / U.S. DollarFOREX.com

Description

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This is my Intraday analysis on EURUSD for 12 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


2.

  • Expectations are met for the INT Structure with the Bearish iBOS.
  • Currently price targeting the Weak Swing Low.


3.

  • Price tapped the 4H Demand but as we are in Pro Swing/INT the reaction from this demand will be limited.
  • Price now in a bearish momentum targeting the Weak Swing Low.


15m Chart Analysis



1.

  • Swing Bearish


2.

  • Considered this as Swing due to the Bullish iBOS.
  • With the Swing bearish, expectations is set for bearish continuation.
  • This 15m Supply is the only clear supply for Shorts.


3.

  • Following the 4H Swing, expectation is set to continue bearish and the 15m Swing will hold bearish to fulfill the 4H Swing targets.
Supply and DemandMultiple Time Frame AnalysisChart PatternsEURUSDEURUSDSMCsmartmoneyconceptstructureintradayliquidityLTF
Comments
yehiabedawi309
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Great
Arzhang1975
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hi . now rise to 1.06506
scottypippins
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Would you LONG from here?
Amr-Sadek
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@scottypippins, Longs will come but no confirmation yet. We did a break of Swing Low and we expect a pullback but the pullback didn't start yet. Patience is the Key. Good luck on your trading week and have a look on my weekly analysis if you got time.
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