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EURUSD 3 Nov 2023 Intraday Analysis – NFP Day

This is my Intraday analysis on EURUSD for 3 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis

1.

  • Bullish Swing
  • Bullish INT

2.

  • After sweeping the liquidity down there the Swing continuation is solid now for more upside and targeting the Swing High and more.
  • We reacted yesterday from the supply zone that formed to sweep the liquidity but there is a high probability that we will break this zone to target the Swing High.

3.

  • 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.

15m Chart Analysis

1.

  • Swing Bullish
  • Internal Bullish

2.

  • After the last iBOS, price reacted from 15m Supply that caused the bearish iBOS to facilitate the bullish iBOS pullback.
  • INT Structure holding bullish continue the bullish swing continuation.

3.

  • 4H Demand zone which includes 15m Demand zones that can provide potential buys to continue bullish.
  • I don’t think that price can pullback all the way down to the 15m demand which is a sign of weakness, instead i’m looking for breaks to the upside from here and continuation today.

Nov 4, 2023

Comment:

2 Entries on EURUSD on 1 Nov after sweeping the 4H Liquidity and 15m iBOS Confirmation. NFP played to reach the target.

Video : x.com/amrsadek/…680408944193548?s=20

I’m Amr

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