This is my Intraday analysis on EURUSD for 18 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Bullish Swing
- Bearish INT
2.
- As expected, price made a CHoCH and confirmed INT Low. we are now in bearish continuation of the INT structure and price maybe targeting the INT Low.
- We are at Swing Discount, Most probably that swing pullback will end and we can see Demand is holding which is a good sign that the swing pullback may have ended and we are targeting the Weak Swing High
3.
- Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
- As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4.
- Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
5.
- Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs
- Swing Bullish
- Internal Bullish
2.
- After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
- INT structure turned Bullish to confirm that the 15m Swing pullback is over and we will be targeting the Weak Swing High.
3.
- Internal to Internal turned bearish to facilitate the Internal Structure Pullback.
- Demand Zones now will provide opportunities to continue the INT and Swing Bullish continuation.
4.
- The bullish INT structure is clear but i’m having the concern that the current INT Bullish structure is not showing that solid volatile trending which is corrective in it’s behavior.
- But following the OF, we still solidly bullish until we get demand failing and structure turns bearish.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/7e9j1Sf6-EURUSD-18-Oct-2023-Intraday-Analysis/
