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EURUSD 20 Nov 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 20 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis

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.

15m Chart Analysis

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)

snapshot

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/8h42LeRD-EURUSD-20-Nov-2023-Intraday-Analysis/

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