This is my Intraday analysis on EURUSD for 20 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
1.
- Swing Bullish
- INT Bullish
2.
- Bullish Swing continuation happened as expected and we created a Bullish BOS.
- After a BOS we are expecting a pullback and first sign will be a CHoCH.
- We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn’t close below the Structure.
3.
- After reaching the Daily/4H Supply, price started to show some reaction.
- The CHoCH that happened just confirmed the INT High and it was only Sweep of Liquidity due to the aggressive bullish move.
- Currently we have a Bullish iBOS and again we are expecting a Pullback which could start from the current 4H Supply or i prefer to Sweep the Liquidity above the Weekly supply and we will be starting a nice pullback to the 4H Swing and it could evolve to a Weekly / Daily bearish continuation.
1.
- Swing Bullish
- Internal Bullish
2.
- After a BOS we expect a pullback. The first sign will be a CHoCH which price did but it created instead a bullish INT Structure. So the bearish iBOS will be a sign that the pullback is starting.
- We are mitigating the 4H and Daily Supply zones and there is high probability that we will take these zones out as of the Weekly and Daily Liquidity required.
- Playing the pullback will be after the bearish iBOS and be mindful that the pullbacks in nature is rough ride.
3.
- The most probable demand zones within the new 15m Swing is the Extreme and the one above as both are below EQ (In Discount)
Nov 20, 2023
Comment:
Updated the 15m Chat (CHoCH placement / INT High)
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/8h42LeRD-EURUSD-20-Nov-2023-Intraday-Analysis/
