This is my Intraday analysis on EURUSD for 25 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
1.
- Swing Bearish
- INT Bullish / Continuation Phase
- 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. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
- Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
4.
- As expected, Price reached the 4H/Daily demand zone as referred to the deep INT Structure Pullback.
- Price created a Bullish CHoCH at the INT Structure Extreme which is a sign that the deep pullback may ended and we could be in the Bullish move to target the Weak INT High.
- More bullish price development on LTF is required to confirm the current expectations of continuation bullish.
1.
- Swing Bearish
- Internal Bullish
- Swing Pullback Phase
2.
- After the Bearish BOS we expect a Pullback.
- After mitigating the 15m/4H Demand zones, INT Structure turned Bullish confirming the Swing Low and the Swing Pullback Phase started.
- Expectations is set to for price to continue bullish till the Swing EQ/Premium to facilitate the Swing Pullback Phase.
3.
- Swing Extreme Supply zones on 15m nested within the 4H Supply for HP Swing Bearish Continuation.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/x0HjP5hG-EURUSD-25-Mar-2024-W13-Intraday-Analysis-US-New-Home-Sales/
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