This is my Intraday analysis on EURUSD for 8 Apr 2024 W15 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 / 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.
- 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
- Reached Swing EQ
- Swing Continuation Phase
2.
- After the Bearish BOS we expect a Pullback.
- Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.
3.
- INT Structure failed to continue bearish and turned bullish after reaching the 15m Swing EQ and tapping into a daily demand zone.
- Expectations is set to continue Bullish following the 15m Bullish Swing Continuation Phase with target of the Weak Swing High.
