This is my Intraday analysis on EURUSD for 17 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Bullish Swing
- Bearish INT
2.
- As expected, price made a CHoCH and confirmed INT Low. we are now in bearish continuation of the INT structure and price maybe targeting the INT Low.
- We are at Swing Discount, Most probably that swing pullback will end but there are no signs till now on the 4H TF.
- The current 4H Demand at the INT structure extreme or the 4H Demand at the Swing Extreme could be the POIs to continue bullish.
3.
- Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
- As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4.
- Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
5.
- Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs
- Swing Bullish
- Internal Bullish
2.
- After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
- INT structure turned Bullish to confirm that the 15m Swing pullback is over and we will be targeting the Weak Swing High.
3.
- Internal to Internal turned bearish to facilitate the Internal Structure Pullback.
- Demand Zones now will provide opportunities to continue the INT and Swing Bullish continuation.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/s4MQNSCA-EURUSD-17-Oct-2023-Intraday-Analysis/