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EURUSD 23 Oct 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 23 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Bullish Swing
  • Bearish INT

2.

  • INT Low is confirmed after a fractal CHoCH and we are now in the INT Bearish structure pullback phase.
  • Demand is holding and Supply is failing which means that the INT Pullback is still active and we may reach the INT Extreme Supply zone. But be mindful that the swing is bullish and we maybe targeting the Weak Swing high.

3.

  • Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
  • As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs. And current PA is showing that demand zones are holding well and we are targeting the Weak Swing High.

4.

  • Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation

15m Char Analysis


1.

  • Swing Bullish
  • Internal Bullish
  • Sub Internal Bullish

2.

  • After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
  • INT turned bullish to confirm the 15m Swing pullback is over and we are in Pro Swing continuation to target the 15m Weak Swing High.
  • After the recent iBOS, we are expecting a pullback and the INT low should hold to continue the Pro Swing upside move.

3.

  • INT extreme demand for better longs after confirmation.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/8WQm8NYv-EURUSD-23-Oct-2023-Intraday-Analysis/

I’m Amr

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