This is my Intraday analysis on EURUSD for 12 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  • 4H
  • 15m

4H Chart Analysis

1.

  • Swing Bullish
  • INT Bearish
  • Reached EQ

2.

  • INT structure turned bearish to liquidate the INT Low (Liquidity above the Daily Demand) and mitigated the daily demand zone.
  • INT Structure is currently bearish, so we are still bearish and there is a high probability that we may break the Swing Low as per the Daily/Weekly Bearish Continuation.
  • On the other side, 4H/Daily Swings are bullish and we are at the extremes. If we are going to continue these bullish structure then at least we need to see Bullish iBOS on the 4H. We also could benefit from LTFs to show us early if that daily mitigation could develop to be a Swing Continuation on the 4H/Daily.

    Waiting for LTF to show me more developments.

3.

  • Swing low and last demand for potential buys.

15m Chart Analysis

1.

  • Swing Bearish
  • Internal Bearish
  • Reached EQ

2.

  • Swing turned bearish after NFP and tapped into a Daily Demand Zone where we started the 15m Swing/INT Pullback.
  • Currently we are bearish in Structure on 15m and 4H. My expectations is that if we are going to continue down we need to respect the 15m Swing / 4H INT Highs and we can continue bearish.
  • If we invalidated the 15m Swing / 4H INT Highs then we are going to play longs for the Daily Structure.

3.

  • No Supply zones for Shorts that can be potential.

4.

  • No significant Demand zones to hold price

Dec 12, 2023

Comment:

Frankfort open 15m Chart:

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/al3MXLh2-EURUSD-12-Dec-2023-Intraday-Analysis-US-CPI-Day/

I’m Amr

Passionate about the art of trading, I embark on a journey documenting experiences, insights, and growth, where every entry is a step in my journey. Step into my world where dedication meets strategy.

Let’s connect

June 2024
S M T W T F S
 1
2345678
9101112131415
16171819202122
23242526272829
30  

ADP AUDUSD BTC Consumer Confidence CPI CPI Revisions Durable Goods DXY ECB ECB Meeting Minutes education EUR EURUSD FOMC GBPUSD GDP GOLD Home Sales Housing HTF IFO Industrial Production Interest Rate Intraday Jobless Claims Liquidity LTF Markups NASDAQ NFP PCE PMI Powell PPI Retail Sales Safe Haven Smart Money Concept SMC Structure Trade Balance USD USDJPY Weekly XAUUSD ZEW