This is my Intraday analysis on EURUSD for 13 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Swing Bullish
- INT Bullish
- OF Bearish
2.
- After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
- Price had swept the Liq below the 4H zone and we could be now targeting the previous high formed.
- Failure to break the previous high will put us in a deeper pullback within the 4H Bullish structure.
- Always will let the LTF (15m) to guide me.
3.
- 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
- Swing Bullish
- Internal Bearish
2.
- Price is in a series of unclear INT structures moving from bearish to bullish to bearish to bullish to bearish which is a clear indication of indecision and ranging.
- Recent structure is bearish so most probably we will have the selling pressure from the 4H Supply zone and most of the 15m zones are mitigated there.
- I’ll be on the sideline until we turn INT bullish (iBOS) then will be looking to play the longs again. Shorts are not currently in my plan as 4H Swing and Daily OF are both still bullish, so will not play against.
3.
- 15m Demand is mitigated and most probably the INT low will be taken as we are in a bearish INT Structure.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/ZMZWiksY-EURUSD-13-Nov-2023-Intraday-Analysis/