This is my Intraday analysis on EURUSD for 15 Feb 2024 W7 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Swing Bearish
- INT Bearish
- INT Pullback Phase
2.
- Swing formed Bearish iBOS signaling that the Daily Bearish Swing Pullback Phase is over and we are currently in the Daily Bearish continuation phase.
3.
- After a BOS we expect a Swing Pullback.
- Internal Structure is also Bearish with iBOS, So 4H Swing and INT are expecting a pullback which could start at anytime from the current Daily Demand which is partially mitigated and we are below that mitigation or from the 4H Demand nested within the Daily Demand.
- Price created a Bullish CHoCH confirming INT Low and we are currently in the INT Structure Pullback Phase.
- Expectation is set to pullback to the 4H/Daily Supply zones and continue Bearish after.
- Bullish iBOS will signal a Swing Pullback.
- Swing Bearish
- INT Bullish
- Swing / INT Pullback Phase
2.
- Previous Swing Pullback ended with the Bearish iBOS and price created another Bearish iBOS with the CPI news which created a Bearish BOS.
3.
- After a BOS we expect a Swing Pullback.
- Price created a Bullish iBOS to facilitate the the 15m Swing Pullback.
- Expectations is set now to continue bullish to the 15m Swing EQ / the 4H-15m Supply zones to continue the Bearish Swing.
- But be mindful also that the 4H is requesting a Pullback so there is a HP that the 15m Swing could be broken too.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/ruCpNe6X-EURUSD-15-Feb-2024-W7-Intraday-Analysis-US-Retail-Sales/