This is my Intraday analysis on EURUSD for 26 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Swing Bullish
- INT Bullish
- OF Bullish
- In Discount
2.
- Price made a bullish BOS and after a BOS we expect a pullback.
- After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
- Price reached the Swing EQ/Discount, mitigating 4H demand zones and ranged.
- Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
- This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High.
3.
- Bullish INT Structure after mitigating the 4H/Daily demand Zones.
- As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase.
- If it failed, there is a high probability that we will target the 4H Swing Low.
- Swing Bullish
- INT Bearish
- INT INT Bearish
- At Swing Extreme
2.
- Swing turned Bullish after mitigating the 4H/Daily Demand zones as expected yesterday.
- After the BOS we expect a 15m Swing pullback which we are already in this phase after the Bearish CHoCH.
- INT Structure turned bearish to facilitate the 15m Swing Pullback.
3.
- Price currently at the Extreme Swing low and there is a high probability that we are going to take the 15m Strong Swing Low according to the Bearish PA.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/jQZggvWE-EURUSD-26-Jan-2024-W4-Intraday-Analysis-US-PCE/
