This is my Intraday analysis on EURUSD for 7 Mar 2024 W10 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

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.

3.

  • 4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
  • After iBOS we expect a pullback and the possible POI to maybe start the Pullback is the 4H Supply above the Swing EQ.
  • But be mindful that we were ranging for a period of time and price just broke that range with momentum. Most probably we will have a deep pullback phase to the daily supply before we can initiate the 4H Bearish continuation phase.
  • Keeping my bullish bias till i see solid evidence with 4H bearish break of structure to confirm the 4H Continuation phase is starting.

15m Chart Analysis


1.

  • Swing Bullish
  • INT Bullish

2.

  • After a Swing BOS we expect a Pullback.
  • INT structure is bullish and most probably will continue bullish after we broke the range.
  • Once internal structure turned bearish we will start the Swing Pullback Phase.
  • Expectation that we will continue bullish till the 4H Supply positioned above the 4H Swing EQ and maybe from there we will start the pullback.
  • Shorts are not considered until we reach a HP HTF POI.

3.

  • Swing Discount Zone and the last demand zone for potential reaction/longs when reached and depending on the situation.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/rmSrKmVN-EURUSD-7-Mar-2024-W10-Intraday-Analysis-EU-Rate-US-Jobless/

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