This is my Intraday analysis on EURUSD for 19 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 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
- Swing Bullish
- Internal Bearish
- Sub Internal Bearish
2.
- After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
- INT structure turned bearish which complicate the current view now and for me i’ll be waiting for INT structure to turn bullish to continue looking for buys.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/8sqfEEkL-EURUSD-19-Oct-2023-Intraday-Analysis/