This is my Intraday analysis on EURUSD for 21 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.

  • 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.

15m Chart Analysis

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/

I’m Amr

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