This is my Intraday analysis on EURUSD for 14 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Swing Bearish
  • INT Bullish / Continuation Phase
  • Swing Pullback Phase

2.

  • After a BOS and iBOS we expect a Pullback.
  • As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
  • Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
  • Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.

3.

  • 4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
  • After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
  • Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.

15m Chart Analysis


1.

  • Swing Bearish
  • INT Bearish
  • Swing Pullback Phase

2.

  • 15m Swing turned which indicates that the 4H Internal Structure pullback is not over yet.
  • After a BOS we expect a pullback. Price didn’t reach any HTF POI to initiate the pullback yet.

3.

  • Price tapped into a previous 15m demand within a previous 4H demand that was partially mitigated.
  • 15m Swing pullback could start at anytime but no yet confirmation as minimum as a bullish CHoCH.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/025Icv2v-EURUSD-14-Mar-2024-W11-Intraday-Analysis-US-PPI/

Related Posts

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

May 2024
S M T W T F S
 1234
567891011
12131415161718
19202122232425
262728293031  

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