EURUSD 1 Apr 2024 W14 - Intraday Analysis - US PMI
This is my Intraday analysis on EURUSD for 1 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H Chart Analysis
1.
2.
3.
15m Chart Analysis
1.
2.
- 4H
- 15m
4H Chart Analysis
1.
- Swing Bearish / Continuation
- INT Bearish / Pullback Phase
2.
- Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low.
- After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback.
- Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure.
- More development on LTF required to confirm the Bullish Pullback Phase.
3.
- As price failed to initiate a pullback from the 4H demand, price continued bearish to the Daily demand zone.
- Possible reaction ONLY from the Daily demand as we are in the momentum phase of targeting the 4H Weak Swing Low.
15m Chart Analysis
1.
- Swing Bearish
- Internal Bearish
2.
- After the Bearish BOS we expect a Pullback.
- Price still in the bearish momentum following the HTF continuation.
- Price tapped into the daily demand which could provide a reaction to facilitate the INT Bearish Structure Pullback.
