This is my Intraday analysis on EURUSD for 26 Mar 2024 W13 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. after which price failed to target the Weak INT High.
Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
As expected, Price reached the 4H/Daily demand zone as referred to the deep INT Structure Pullback.
Price created a Bullish CHoCH at the INT Structure Extreme which is a sign that the deep pullback may ended and we could be in the Bullish move to target the Weak INT High.
More bullish price development on LTF is required to confirm the current expectations of continuation bullish.
15m Chart Analysis
1.
Swing Bearish
Internal Bearish
Swing Continuation Phase
2.
After the Bearish BOS we expect a Pullback.
After mitigating the 15m/4H Demand zones, INT Structure turned Bullish confirming the Swing Low and the Swing Pullback Phase started.
Expectations is set to for price to continue bullish till the Swing EQ/Premium to facilitate the Swing Pullback Phase.
3.
Price reached the 4H Supply and initiated the INT Structure Pullback which was also a HP supply zone for Shorts to continue the Swing Bearish Move.
INT Structure turned bearish aligning with the Bearish Swing for bearish continuation.
Expectation is set to continue bearish to target the Weak Swing Low. But be mindful that the 4H still bullish and we are in the 4H INT Structure Discount/Extreme and maybe we will stay bullish. Bullish iBOS will confirm the bullish scenario.