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EURUSD 13 Oct 2023 Intraday Analysis

This is an intraday analysis for EURUSD on 15m and 4H chart based on Smart Money Concept (SMC)

15m:

1
Swing Bullish
Internal Bearish


2
After the 15m BOS, we are expecting a Swing pullback which already confirmed by the iBOS.

As we are in Swing Discount the 15m and 4H Demand zones are currently providing opportunity for Longs to target the Swing High.

The concern now is that the INT is Bearish and current longs will be only a pullback to the bearish INT.


3
Internal structure turned bearish to confirm that the Swing pullback started

Chart:


4H:

1
Bullish Swing
Bearish INT

2
Price swept Liq from the previous INT low and broken and closed above the high forming another iBOS

3
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback

As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs

4
Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation

Chart:

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/Gn3w0kDi-EURUSD-13-Oct-2023-Intraday-Analysis/

I’m Amr

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