This is my Intraday analysis on EURUSD for 16 Apr 2024 W16 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Swing Bearish
- Internal Bearish
- Pullback Phase
2.
- Swing continuing bearish following the HTF Bearish Trend. Expectations is set for the Swing to stay bearish to fulfill the HTF targets.
3.
- After a BOS we expect a Pullback. Currently price within the Weekly Demand and approaching a 4H/Daily demand zone.
- Possibly that PB Phase could start at anytime with at least a Bullish CHoCH but preferably mitigating a HP POI.
- Following the HTF targets, there is a high probability that the Bearish OF will hold so shorts are possible for continuation bearish from 4H Supply zones.
1.
- Swing Bearish
- Internal Bearish
- Pullback Phase
2.
- After BOS we expect a pullback. Bullish iBOS will be the first sign that Swing Pullback maybe starting.
- But as we didn’t mitigate any HTF POI any PB could be limited.
- Also the 4H Swing requires a Pullback so there is a HP that the 15m will be run at least as a 4H CHoCH.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/I6eWg4Ee-EURUSD-16-Apr-2024-W16-Intraday-Analysis-EU-ZEW-US-Powell/
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