EURUSD 10 Apr 2024 W15 - Intraday Analysis - US CPI/FOMC DAY!
This is my Intraday analysis on EURUSD for 10 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
2.
3.
15m Chart Analysis
1.
2.
3.
4H
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 or 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.
