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EURUSD 15 Dec 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 15 Dec 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

2.

  • INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High maybe more above.
  • After the iBOS we would expect a pullback but be mindful the the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.

3.

  • Swing low and last demand for potential buys.

4.

  • Price is currently at the Daily/4H Supply zones and Swing extreme.
  • Our expectations that we will reach the Weak Swing High and extend more. But be mindful that there are no options for longs here as the move already started from the Swing Discount and currently we are at the extreme premium.
  • As we are at the end of the week and the year, better to observe the market and prepare yourself to the next year runs.

15m Chart Analysis


1.

  • Swing Bullish
  • Internal Bullish

2.

  • Price still in Bullish continuation after the BOS creating Bullish Internal structures.
  • Price mitigated Daily/4H Supply zones and could start a pullback at anytime. A Bearish iBOS will be the signal that the pullback maybe starting.
  • Be mindful that the current bullish momentum is going to extend to reach the 4H Swing high so still we have another leg up before a pullback.

    Always waiting for solid confirmation will be the right decision.

3.

  • Potential Demand Zone within the current internal and in the Swing Discount.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/H2YqYJM1-EURUSD-15-Dec-2023-Intraday-Analysis/

I’m Amr

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