This is my Intraday analysis on EURUSD for 19 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H Analysis
1.
2.
3.
4.
5.
15m Analysis
1.
2.
- 4H
- 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 Bearish
- Sub Internal Bearish
2.
- After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
- INT structure turned bearish which complicate the current view now and for me i'll be waiting for INT structure to turn bullish to continue looking for buys.
