This is my Intraday analysis on EURUSD for 21 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Swing Bearish
  • INT Bullish
  • Swing Pullback Phase

3.

  • After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback.
  • We are currently within a previous Daily Supply that is partially mitigated but with the current Bullish momentum an INT Pullback most probably will start from the 4H Supply/Swing EQ based on the LIQ on the left.

2.

  • After a BOS and iBOS we expect a Pullback.
  • As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
  • Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
  • Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.

15m Chart Analysis



1.

  • Swing Bullish
  • INT Bullish
  • INT Pullback Phase

2.

  • Swing turned bullish to facilitate the 4H Swing Pullback.
  • After BOS we expect a pullback. No HTF POI price tapped into yet to start the pullback.
  • Most probably price will continue bullish till the 4H Supply zone.
  • Bearish iBOS will confirm 15m Swing High and Start of Swing Pullback.
  • Continuing my bullish Bias on EURUSD till we reach the 4H Swing EQ/HP Supply zones.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/3D15MA3r-EURUSD-21-Feb-2024-W8-Intraday-Analysis-EU-Conf-US-FOMC/

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