This is my Intraday analysis on EURUSD for 15 Mar 2024 W11 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
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.
1.
- Swing Bearish
- INT Bullish
- 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.
- After the Swing BOS, the pullback phase initiated after the Bullish iBOS.
- Expectations is set for price to continue Bullish to Swing EQ / HP POI within the Swing Premium.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/xzI6fwPA-EURUSD-15-Mar-2024-W11-Intraday-Analysis-US-Ind-Production/
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