,

EURUSD 19 Oct 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 19 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 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/

I’m Amr

Passionate about the art of trading, I embark on a journey documenting experiences, insights, and growth, where every entry is a step in my journey. Step into my world where dedication meets strategy.

Let’s connect

December 2024
S M T W T F S
1234567
891011121314
15161718192021
22232425262728
293031  

ADP AUDUSD BTC Consumer Confidence CPI CPI Revisions Durable Goods DXY ECB ECB Meeting Minutes education EUR EURUSD FOMC GBPUSD GDP GOLD Home Sales Housing HTF IFO Industrial Production Interest Rate Intraday Jobless Claims Liquidity LTF Markups NASDAQ NFP PCE PMI Powell PPI Retail Sales Safe Haven Smart Money Concept SMC Structure Trade Balance USD USDJPY Weekly XAUUSD ZEW