This is my Intraday analysis on EURUSD for 24 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Bullish Swing
- Bullish INT
2.
- Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback and a CHoCH is the first sign that the Swing pullback maybe starting.
- I’d prefer buys from demand zones instead of playing the pullbacks as price is currently bullish after being for a long period bearish.
- Demand zones within the current bullish Swing will provide opportunities for buys.
3.
- Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation.
- But me mindful that no confirmation for bullish move weakness and there is Liquidity above this supply zone price is targeting.
- Swing Bullish
- Internal Bullish
2.
- After the 15m BOS, we are expecting a Swing pullback, with a bearish iBOS we can confirm the Swing High and the Swing pullback started.
- Currently price is within the Daily and 4H Supply zone. So be mindful that we could start he pullback from this zones. Confirmation with iBOS will be the first sign.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/K2fzIg1N-EURUSD-24-Oct-2023-Intraday-Analysis/
