EURUSD 9 Nov 2023 Intraday Analysis - Powell Speaks 2nd Day
This is my Intraday analysis on EURUSD for 9 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.
- 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.
- Price tapped into 4H Demand and bounced creating a Bullish CHoCH and forming a fresh Demand zone that could hold price for continuation up to the 4H Supply / Swing High.
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 started. After which we got a bullish iBOS which indicated that the pullback is over but we broken the strong low yesterday and price failed to continue down and we created again a Bullish iBOS.
- This behavior ob Bullish Bearish-Bullish is solid bullish indication and will keep me in the bullish side of EURUSD to target the Swing High or at least the 4H Supply formed when we started the pullback.
3.
- 15m Demand for possible longs as long the Strong INT low will hold.
