This is my Intraday analysis on EURUSD for 21 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.
- Price still in a Bullish momentum after the 4H BOS.
- We are approaching the Daily and 4H Supply zones which could provide a pullback. The pullback will be tough to play and will require a 4H Bearish iBOS which is currently far from here.
- Most probably the LTF (15m) will give us a clue if there will be some relief for a pullback from this Daily/4H Supply Zones.
1.
- Swing Bullish
- Internal Bullish
2.
- After the 15m BOS we expect a pullback. Price still in the continuation phase and no signs of pullback starting. a Bearish iBOS will be the first sign.
- Price is approaching the Daily and 4H Supply Zones, the Pullback could start from there but we need a confirmation (Bearish iBOS)
- 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 21, 2023
Comment:
Updated 15m Chart (CHoCH, Demand and Zoom in for Intraday)
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/3jVXidBG-EURUSD-21-Nov-2023-Intraday-Analysis-FOMC-Minutes-Day/
