This is my Intraday analysis on EURUSD for 3 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
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.
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.