,

EURUSD 13 Nov 2023 Intraday Analysis

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

  1. 4H
  2. 15m

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.

15m Chart Analysis


1.

  • Swing Bullish
  • Internal Bearish

2.

  • Price is in a series of unclear INT structures moving from bearish to bullish to bearish to bullish to bearish which is a clear indication of indecision and ranging.
  • Recent structure is bearish so most probably we will have the selling pressure from the 4H Supply zone and most of the 15m zones are mitigated there.
  • I’ll be on the sideline until we turn INT bullish (iBOS) then will be looking to play the longs again. Shorts are not currently in my plan as 4H Swing and Daily OF are both still bullish, so will not play against.

3.

  • 15m Demand is mitigated and most probably the INT low will be taken as we are in a bearish INT Structure.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/ZMZWiksY-EURUSD-13-Nov-2023-Intraday-Analysis/

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

July 2024
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
28293031  

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