Amr-Sadek

EURUSD 9 Apr 2024 W15 - Intraday Analysis

FOREXCOM:EURUSD   Euro / U.S. Dollar
This is my Intraday analysis on EURUSD for 8 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 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 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.