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EURUSD 12 Apr 2024 W15 – Intraday Analysis

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

4H Chart Analysis


1.

  • 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.

15m Chart Analysis


1.

  • 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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