This is my Intraday analysis on EURUSD for 11 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Swing Bearish / Continuation
- INT Bearish
2.
- As price formed a Bearish CHoCH before the CPI news, it was a nice signal for INT Structure to continue bearish.
- Expectations is set to target the Weak INT / Swing Lows.
3.
- Price tapped the 4H Demand but as we are in Pro Swing/INT the reaction from this demand will be limited.
- Swing Bearish
- Swing Pullback Phase
2.
- CPI news had a solid push causing a bearish BOS.
- No HP POI except the 4H Supply with a 15m nested within it.
- IMO i’ve doubts that price will pullback to this supply.
- Expectations is set to continue bearish to fulfill the 4H INT/Swing continuation phase.
3.
- After a BOS, we expect a pullback.
- Price is currently within the 4H Demand but no momentum.
- CHoCH will be the first sign that Swing Pullback maybe starting but be mindful that we are not well positioned within the HTF structure.
- Following the bearish move would be the optimum decision.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/yIiwvVVR-EURUSD-11-Apr-2024-W15-Intraday-Analysis-EU-Rate-US-PPI/
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