This is my Intraday analysis on EURUSD for 24 Oct 2023 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.
- Bullish Swing
- Bullish INT
2.
- Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback and a CHoCH is the first sign that the Swing pullback maybe starting.
- I'd prefer buys from demand zones instead of playing the pullbacks as price is currently bullish after being for a long period bearish.
- Demand zones within the current bullish Swing will provide opportunities for buys.
3.
- Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation.
- But me mindful that no confirmation for bullish move weakness and there is Liquidity above this supply zone price is targeting.
15m Chart Analysis
1.
- Swing Bullish
- Internal Bullish
2.
- After the 15m BOS, we are expecting a Swing pullback, with a bearish iBOS we can confirm the Swing High and the Swing pullback started.
- Currently price is within the Daily and 4H Supply zone. So be mindful that we could start he pullback from this zones. Confirmation with iBOS will be the first sign.
