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EURUSD 2 Nov 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 2 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis

1.

  • Bullish Swing
  • Bullish INT

2.

  • The Swing continuation moved stopped at the 4H Supply yesterday and created a fresh Supply zone after the bearish CHoCH.
  • As stated yesterday that If the low that started the Swing Continuation move failed to break the Swing high then there is a high probability that it will be targeted.
  • Buys still the theme within this swing but the liquidity formation above the extreme demand zone is maybe the target now to continue up which we did yesterday.
  • After sweeping this liquidity down there the Swing continuation is solid now for more upside and targeting the Swing High and more.

3.

  • 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.

15m Chart Analysis

1.

  • Swing Bullish
  • Internal Bullish

2.

  • INT Structure turned bearish which allowed price to sweep the Liq from the 4H Structure low yesterday and turned back again to bullish after sweeping the liquidity.
  • Now 15m Swing and INT align with the 4H Swing and INT and it’s a high probability to continue up again to target the 15m Swing High and above as long the INT Structure lows are respected and staying bullish.

3.

  • 4H Demand zone which includes 15m Demand zones that can provide potential buys to continue bullish.
  • I don’t think that price can pullback all the way down to the 15m demand which is a sign of weakness, instead i’m looking for breaks to the upside from here and continuation today.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/Eo8zMVjK-EURUSD-2-Nov-2023-Intraday-Analysis/

I’m Amr

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