This is my Intraday analysis on EURUSD for 1 Feb 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


  • Swing Bullish
  • INT Bearish
  • OF Bearish
  • In Swing Discount


  • Price made a bullish BOS and after a BOS we expect a pullback.
  • After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
  • Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
  • This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
  • We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
  • More price development needed with the current PA.


  • As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low.
  • After iBOS we expect a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting.
  • Price made a ChoCH yesterday confirming the INT Low and a Sweep of Liq to continue the bearish INT Structure.
  • Currently we are going to take this INT Low and there is a high probability that the Swing Low is the target after.

15m Chart Analysis


  • Swing Bearish
  • INT Bearish


  • Swing is Bearish after mitigating a HTF Supply.
  • After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ.
  • With the news yesterday price Swept Liq above the Strong Swing High and the 4H CHoCH to resume the move to the down side targeting the 15m Weak Swing Low.
  • Most probably this Swing Low will be broken.


  • Currently price is in Bearish INT Structure and expectation that we will break the Swing Low.
  • Just be mindful that Shorts now are not preferred as we are at the end of the move.
  • Will wait to see if there is option for Pullback plays after the BOS or hold my hands this week for better opportunities next week.

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