This is my Intraday analysis on EURUSD for 1 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Swing Bearish / Continuation
  • INT Bearish / Pullback Phase

2.

  • Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low.
  • After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback.
  • Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure.
  • More development on LTF required to confirm the Bullish Pullback Phase.

3.

  • As price failed to initiate a pullback from the 4H demand, price continued bearish to the Daily demand zone.
  • Possible reaction ONLY from the Daily demand as we are in the momentum phase of targeting the 4H Weak Swing Low.

15m Chart Analysis


1.

  • Swing Bearish
  • Internal Bearish

2.

  • After the Bearish BOS we expect a Pullback.
  • Price still in the bearish momentum following the HTF continuation.
  • Price tapped into the daily demand which could provide a reaction to facilitate the INT Bearish Structure Pullback.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/5ffrgUYj-EURUSD-1-Apr-2024-W14-Intraday-Analysis-US-PMI/

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