This is my Weekly analysis on EURUSD for 13 – 17 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. Weekly
  2. Daily
  3. 4H
  4. Economic Events

Weekly Chart Analysis


1.

  • Swing Bearish
  • Internal Bearish
  • Reached Swing EQ

2.

  • After the iBOS we expect pullback, price tapped into Liq on the lift and a demand zone which showed a reaction that the pullback of the internal bearish structure maybe starting but still the OF is bearish

3.

  • Potential flip supply zone to continue the INT bearish structure and Swing bearish leg.
  • Price didn’t tap it yet and was close to it and started to move down.
  • Possibly that price had pulled back and in the continuation down which i don’t prefer. Instead i prefer that price is targeting the Liq above the Flip zone for better move to the down side.

4.

  • Extreme supply within the bearish INT structure with Liq below it. A potential zone located in the Swing premium for continuation down

Daily Chart Analysis


1.

  • Swing Bearish
  • INT Bearish
  • OF Bullish

2.

  • After BOS we expect a pullback
  • OF turned bullish to facilitate the Swing pullback and most probably we will continue bullish till we sweep Liq on the lift which reside below the Weekly and Daily Supply zones before we see bearish continuation.
  • Price swept the Liq above the Daily Flip zone and and didn’t tap the Weekly/Daily supply zones yet.
  • The pullback after sweeping the liq is currently in progress and price could pullback to the daily demand before continuing up.
  • I don’t like price to deeply pullback as it’s for me a sign of weakness, but f we did pullback deep i’ll watch how price will develop to continue bullish if possible.

3.

  • Weekly/Daily supply zone and the extreme of the bearish INT Structure which could provide a short opportunity if we are going to react from these zone.
  • Let’s watch LTF to guide us for potential shorts.

4H Chart Analysis


1.

  • Swing Bullish
  • INT Bullish
  • OF Bearish

2.

  • After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
  • Price had swept the Liq below the 4H zone and we could be now targeting the previous high formed.
  • Failure to break the previous high will put us in a deeper pullback within the 4H Bullish structure.
  • Always will let the LTF (15m) to guide me.

3.

  • 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.

Economic Events for the Week

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/abYJYHei-EURUSD-13-17-Nov-2023-Weekly-Analysis-CPI-Week/

I’m Amr

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