,

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

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

June 2024
S M T W T F S
 1
2345678
9101112131415
16171819202122
23242526272829
30  

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