This is my Intraday analysis on EURUSD for 7 Mar 2024 W10 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H Chart Analysis
https://tradingview.sweetlogin.com/x/TFtNciLA/
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2.
3.
15m Chart Analysis
https://tradingview.sweetlogin.com/x/6ksVNkhO/
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2.
3.
- 4H
- 15m
4H Chart Analysis
https://tradingview.sweetlogin.com/x/TFtNciLA/
1.
- Swing Bearish
- INT Bullish
- 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 and the possible POI to maybe start the Pullback is the 4H Supply above the Swing EQ.
- But be mindful that we were ranging for a period of time and price just broke that range with momentum. Most probably we will have a deep pullback phase to the daily supply before we can initiate the 4H Bearish continuation phase.
- Keeping my bullish bias till i see solid evidence with 4H bearish break of structure to confirm the 4H Continuation phase is starting.
15m Chart Analysis
https://tradingview.sweetlogin.com/x/6ksVNkhO/
1.
- Swing Bullish
- INT Bullish
2.
- After a Swing BOS we expect a Pullback.
- INT structure is bullish and most probably will continue bullish after we broke the range.
- Once internal structure turned bearish we will start the Swing Pullback Phase.
- Expectation that we will continue bullish till the 4H Supply positioned above the 4H Swing EQ and maybe from there we will start the pullback.
- Shorts are not considered until we reach a HP HTF POI.
3.
- Swing Discount Zone and the last demand zone for potential reaction/longs when reached and depending on the situation.
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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.