This is my Intraday analysis on EURUSD for 10 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 and currently close to mitigate the 4H Supply.
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
Swing Pullback Phase
2.
As expected, price reached the Weak Swing High and created a Bullish BOS.
After a BOS we expect a pullback. We didn't mitigate a HP/HTF POI.
Price will continue bullish till the mitigation of the 4H Supply or Till we have the Bearish iBOS to confirm the Swing Pullback Phase is starting.
3.
15m/4H Demand would be potential for longs once reached after confirmation to continue the bullish swing.
Great job with your analysis! lol after seeing this I have many questions to ask. Im currently in the same trade for it to head in the opposite direction, been holding since NY session yesterday, now im sitting at -$160, full Marg btw. Can you help me make the right decision. Should i Short and Target where?
Amr-Sadek
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@ALifeToWin_, Sorry to hear mate. I wish i can help but i don't have the answer here. If you took a trade, you already know where it will fail and you can manage risk accordingly. Being in Margin is a critical issue and you need to revise your way of trading. Just a note, Today is CPI news for US. You need to be out of the market today as nothing will move until the news and if you have moves before the news, note that this is only big players positioning them selfies before the big bang and you don't want to get caught in that manipulation. Again, accept my apologies as i can't help in that.