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EURUSD 19 Feb 2024 W8 – Intraday Analysis

This is my Intraday analysis on EURUSD for 19 Feb 2024 W8 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

15m Chart 1


15m Chart 2


1.

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

2.

  • Price is at the 15m Swing Extreme, mitigating the 4H Supply.
  • As the Swing is Bearish, expectations is set to continue Bearish. Bearish iBOS will be the signal that the Swing Pullback is over and we may start the Bearish 15m Swing Continuation Phase.
  • 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/cRlhyObg-EURUSD-19-Feb-2024-W8-Intraday-Analysis/

I’m Amr

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