This is my Intraday analysis on EURUSD for 16 Feb 2024 W7 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Swing Bearish
  • INT Bearish
  • INT 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.
  • Also be mindful that there is also a pullback required for the 4H Swing so there is a HP if price going to stay bullish we will take the Strong INT High.
  • Bullish iBOS will signal a Swing Pullback.

15m Chart Analysis


1.

  • Swing Bearish
  • INT Bullish
  • Swing / INT Pullback Phase
  • Swing Extreme

2.

  • Price reached the last Supply and Extreme of the 15m Swing / 4H Supply and initiated the Bullish INT Structure Pullback after.
  • As the Swing is Bearish, expectations is set to continue Bearish. INT to turn bearish will be the signal that the Swing Pullback is over.
  • But also be mindful that the 4H Swing Pullback still required so there is a HP that we may take the 15m Swing High.

3.

  • 15m/4H Demand zones that can provide only reaction and not a buy opportunity.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/HrssnakU-EURUSD-16-Feb-2024-W7-Intraday-Analysis-US-PPI/

I’m Amr

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