This is my Intraday analysis on EURUSD for 22 Dec 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
  • 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 Bullish

2.

  • We created a BOS as expected and we are in the Swing continuation to target the 4H Weak Swing High.
  • After a BOS we expect a pullback and first sign will be a Bearish CHoCH to confirm the INT High. But be mindful that we are in 4H Swing Continuation to i don’t expect much pullback before we take out the 4H Weak Swing High.
  • A note from yesterday that the Internal to Internal Structure (Was mapped in Green) became now the Internal Structure.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/1lDXLdzW-EURUSD-22-Dec-2023-Intraday-Analysis-US-PCE-Last-Post-2023/

I’m Amr

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