EURUSD 18 Oct 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 18 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Analysis


1.

• Bullish Swing
  
• Bearish INT
  

2.

• As expected, price made a CHoCH and confirmed INT Low. we are now in bearish continuation of the INT structure and price maybe targeting the INT Low.
  
• We are at Swing Discount, Most probably that swing pullback will end and we can see Demand is holding which is a good sign that the swing pullback may have ended and we are targeting the Weak Swing High
  

3.

• Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
  
• As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
  

4.

• Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
  

5.

• Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs
  

15m Analysis

1.

• Swing Bullish
  
• Internal Bullish
  

2.

• After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
  
• INT structure turned Bullish to confirm that the 15m Swing pullback is over and we will be targeting the Weak Swing High.
  

3.

• Internal to Internal turned bearish to facilitate the Internal Structure Pullback.
  
• Demand Zones now will provide opportunities to continue the INT and Swing Bullish continuation.
  

4.

• The bullish INT structure is clear but i'm having the concern that the current INT Bullish structure is not showing that solid volatile trending which is corrective in it's behavior.
  
• But following the OF, we still solidly bullish until we get demand failing and structure turns bearish.