EURUSD 26 Jan 2024 W4 - Intraday Analysis - US PCE

This is my Intraday analysis on EURUSD for 26 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Chart Analysis


1.

• Swing Bullish
  
• INT Bullish
  
• OF Bullish
  
• In Discount
  

2.

• Price made a bullish BOS and after a BOS we expect a pullback.
  
• After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
  
• Price reached the Swing EQ/Discount, mitigating 4H demand zones and ranged.
  
• Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
  
• This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High.
  

3.

• Bullish INT Structure after mitigating the 4H/Daily demand Zones.
  
• As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase.
  
• If it failed, there is a high probability that we will target the 4H Swing Low.
  

15m Chart Analysis


1.

• Swing Bullish
  
• INT Bearish
  
• INT INT Bearish
  
• At Swing Extreme
  

2.

• Swing turned Bullish after mitigating the 4H/Daily Demand zones as expected yesterday.
  
• After the BOS we expect a 15m Swing pullback which we are already in this phase after the Bearish CHoCH.
  
• INT Structure turned bearish to facilitate the 15m Swing Pullback.
  

3.

• Price currently at the Extreme Swing low and there is a high probability that we are going to take the 15m Strong Swing Low according to the Bearish PA.