This is my Intraday analysis on EURUSD for 15 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Swing Bearish
- Internal Bearish
- Pullback Phase
2.
- Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
- After a BOS we expect a Pullback. Currently price within the Weekly Demand and at a 4H Demand Zone.
- Possibly that PB Phase could start from here and the first weak confirmation would be a Bullish CHoCH.
- Following the HTF targets, there is a high probability that the Bearish OF will hold so shorts are possible for continuation bearish from 4H Supply zones.
- Swing Bearish
- Internal Bullish – Pullback Phase
2.
- After the Bearish iBOS, price continued bearish till the 4H Demand.
- With the mitigation of the 4H Demand we formed a Bullish iBOS which confirmed the Swing Low and the initiation of the 15m Swing Pullback Phase.
- Expectations is set for price to continue bullish to facilitate the PB till a HP 4H Supply Zone.
3.
- 4H Supply zone for possible Shorts.
- Be mindful that the 4H supply is having Liq above it so there is a HP that this supply will fail to sweep the Liq above.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/JJDdDWCN-EURUSD-15-Apr-2024-W16-Intraday-Analysis-US-Retail-Sales/
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