This is my Intraday analysis on EURUSD for 8 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H Chart Analysis
1.
2.
3.
15m Chart Analysis
1.
2.
3.
4.
- 4H
- 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.
