This is my Intraday analysis on EURUSD for 12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Swing Bearish / Continuation
- INT Bearish
2.
- Expectations are met for the INT Structure with the Bearish iBOS.
- Currently price targeting the Weak Swing Low.
3.
- Price tapped the 4H Demand but as we are in Pro Swing/INT the reaction from this demand will be limited.
- Price now in a bearish momentum targeting the Weak Swing Low.
- Swing Bearish
2.
- Considered this as Swing due to the Bullish iBOS.
- With the Swing bearish, expectations is set for bearish continuation.
- This 15m Supply is the only clear supply for Shorts.
3.
- Following the 4H Swing, expectation is set to continue bearish and the 15m Swing will hold bearish to fulfill the 4H Swing targets.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/Soo0GuvT-EURUSD-12-Apr-2024-W15-Intraday-Analysis/
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