This is my Intraday analysis on EURUSD for 15 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 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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