Charting my Trading Odyssey

This is my Intraday analysis on EURUSD for 21 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

• 4H
  
• 15m
  

NOTE
Nothing changed much. Price still ranging without any clear momentum. It’s the end of the year and with thin liquidity we will have such behaviors.


4H Chart Analysis

1.

• Swing Bullish
  
• INT Bullish
  
• Reached EQ/Extreme
  

2.

• INT structure turned bullish as expected and we are currently in 4H Swing continuation targeting the Weak Swing High and maybe more above.
  
• After the iBOS we would expect a pullback but be mindful with the current solid bullish momentum and that we are currently Pro Swing and Pro Internal, pullbacks will not be deep so be patient and cautious and utilize LTF to guide you.
  

3.

• Swing low and last demand for potential buys.
  

4.

• Price had mitigated the Daily/4H Supply zones and currently close to the Weak Swing High.
  
• Price reacted as expected from the 4H demand zone and we are currently in the same momentum to target the 4H Weak Swing High.
  
• In my POV the current reaction from the 4H/Daily Supply zones is not yet reflecting as a rejection as the reaction didn’t achieve anything significant even no Fractal CHoCH. So as long we stay bullish and demand holding we are still solidly bullish.
  
• Also as we are approaching the end of the year, moves will not be in momentum so i recommend to better observe the market and prepare yourself to the next year runs.
  

15m Chart Analysis

1.

• Swing Bullish
  
• Internal Bearish
  
• INT INT Bullish
  

2.

• After the Swing BOS price is currently in a Pullback Phase. INT structure turned bearish to facilitate the Swing Pullback.
  
• Price currently is ranging due to the Pullback Phase and the Bullish Continuation.
  
• Still our expectations is that price going to target the 15m / 4H Weak Swing High. This view will be invalidated temporarily if we created a bearish iBOS (Break of INT Low) which will lead to a deep pullback.
  
• As i’m expecting price will not be clear as we are close to year end and liquidity becoming thin. Observation and working on personal improvements is the best practice currently.
  

Dec 21, 2023

Comment:

Frankfort Open 15m Chart:

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/XzReIgGe-EURUSD-21-Dec-2023-Intraday-Analysis-US-GDP/