Amr-Sadek

EURUSD 8 Nov 2023 Intraday Analysis - Powell Speaks

FOREXCOM:EURUSD   Euro / U.S. Dollar
This is my Intraday analysis on EURUSD for 8 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m


4H Chart Analysis


1.

  • Swing Bullish
  • INT Bullish

2.

  • After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
  • Expectations that as long this demand zone holds and the 15m OF stay bullish we can resume the bullish move and target the INT High.
  • The only concern that we didn't pullback to the 50% of the Swing which is something to pay attention to as we could visit the Swing 50% before we continue up.

3.

  • 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.


15m Chart Analysis


1.

  • Swing Bullish
  • Internal Bullish

2.

  • After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
  • INT turned bearish confirming Swing High and the pullback is starting.
  • Price taped into the 4H Demand and created a bullish iBOS which indicate that the 15m Swing pullback is finished and we will continue the bullish move targeting the Swing High.

3.

  • 4H Demand zone which includes 15m Demand that can provide potential buys to continue bullish.

4.

  • 4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.