This is my Intraday analysis on EURUSD for 18 Mar 2024 W12 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 Bearish
- INT Bullish / Continuation Phase
- Swing Pullback Phase
2.
- After a BOS and iBOS we expect a Pullback.
- As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
- Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
- Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
- 4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
- After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
- Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
15m Chart Analysis
1.
- Swing Bearish
- INT Bullish
- Swing Pullback Phase
2.
- 15m Swing turned which indicates that the 4H Internal Structure pullback is not over yet.
- After a BOS we expect a pullback. Price didn't reach any HTF POI to initiate the pullback yet.
3.
- After the Swing BOS, the pullback phase initiated after the Bullish iBOS.
- Expectations is set for price to continue Bullish to Swing EQ / HP POI within the Swing Premium.
- Bearish iBOS will confirm the Swing Pullback is over and there is a HP of targeting the Weak Swing Low. (Also it will reflect on the 4H to create a new low and new closer CHoCH instead of the current high one)
