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EURUSD 18 Oct 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 18 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Analysis


1.

  • 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 and we can see Demand is holding which is a good sign that the swing pullback may have ended and we are targeting the Weak Swing High

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

15m Analysis


1.

  • 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.

4.

  • The bullish INT structure is clear but i’m having the concern that the current INT Bullish structure is not showing that solid volatile trending which is corrective in it’s behavior.
  • But following the OF, we still solidly bullish until we get demand failing and structure turns bearish.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/7e9j1Sf6-EURUSD-18-Oct-2023-Intraday-Analysis/

I’m Amr

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