This is my Intraday analysis on EURUSD for 24 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
1.
- Swing Bullish
- INT Bullish
2.
- Swing low and last demand for potential buys.
3.
- Following the bullish INT Structure, after the iBOS we pulled back to the structure extreme and mitigated the 4H demand.
- Currently price is mitigating the formed demand from the bullish CHoCH.
- Current expectation is to target the INT High. But be mindful that the Swing Pullback could happen at anytime and the current INT Bullish structure can fail to start the pullback.
1.
- Swing Bullish
- Internal Bullish
2.
- INT Structure turned Bullish to Signal that the 15m Swing is over and we are currently targeting the Weak Swing High.
- If price going to respect the current INT Low there is a high probability that we are going to continue up. So this demand zone is the last opportunity for longs to continue up.
3.
- Price didn’t mitigate any 15m/4H supply up. So we may have another push to the up side specially after the Bullish iBOS.
Nov 24, 2023
Comment:
This is the current status of the running trade.
Something to note that once i manage to secure the trade to BE, It’s either a target hit or BE.
Nov 24, 2023
Comment:
Closed full as we reached the end of the day/week and no need to push more .. Was a nice ride and always trusting the process.
Wishing everyone a good weekend.
15m Chart:
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/R0G6VQ1i-EURUSD-24-Nov-2023-Intraday-Analysis/
