This is my Intraday analysis on EURUSD for 21 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H Chart Analysis
https://tradingview.sweetlogin.com/x/IqvmvaOp/
1.
2.
3.
15m Chart Analysis
https://tradingview.sweetlogin.com/x/DQssXEiT/
1.
2.
3.
- 4H
- 15m
4H Chart Analysis
https://tradingview.sweetlogin.com/x/IqvmvaOp/
1.
- Swing Bullish
- INT Bullish
2.
- Bullish Swing continuation happened as expected and we created a Bullish BOS.
- After a BOS we are expecting a pullback and first sign will be a CHoCH.
- We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure.
3.
- Price still in a Bullish momentum after the 4H BOS.
- We are approaching the Daily and 4H Supply zones which could provide a pullback. The pullback will be tough to play and will require a 4H Bearish iBOS which is currently far from here.
- Most probably the LTF (15m) will give us a clue if there will be some relief for a pullback from this Daily/4H Supply Zones.
15m Chart Analysis
https://tradingview.sweetlogin.com/x/DQssXEiT/
1.
- Swing Bullish
- Internal Bullish
2.
- After the 15m BOS we expect a pullback. Price still in the continuation phase and no signs of pullback starting. a Bearish iBOS will be the first sign.
- Price is approaching the Daily and 4H Supply Zones, the Pullback could start from there but we need a confirmation (Bearish iBOS)
- Playing the pullback will be after the bearish iBOS and be mindful that the pullbacks in nature is rough ride.
3.
- The most probable demand zones within the new 15m Swing is the Extreme and the one above as both are below EQ (In Discount)
Note
Updated 15m Chart (CHoCH, Demand and Zoom in for Intraday)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.