This is my Intraday analysis on EURUSD for 27 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


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.

  • Current PA is still showing that the 4H Strong INT Low is holding but the OF is Bearish and Supply still in control.
  • A bullish CHoCH will indicate imo a HP confirmation for the INT Structure to continue bullish.

15m Chart Analysis


1.

  • Swing Bearish
  • Internal Bearish
  • Swing Continuation Phase

2.

  • After the Bearish BOS we expect a Pullback.
  • The 4H demand is already mitigated after the Bullish CHoCH on the 4H TF but seems to be some orders still remaining within the 4H Demand and the 4H Extreme which is providing the pullback for the Bearish iBOS.
  • Current PA is pointing to targeting the Weak Swing Low but again be mindful of the Strong INT Low on the 4H which is still holding.
  • Bullish iBOS will confirm imo a HP Bullish continuation.

3.

  • Price reached the reached the 15m FLIP Zone and initiated the INT Pullback which caused a bearish iBOS aligning again with the 15m Bearish Swing.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/kXWavpE7-EURUSD-27-Mar-2024-W13-Intraday-Analysis/

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