This is my Intraday analysis on EURUSD for 25 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
- Swing Bullish
- INT Bullish
- OF Bullish
- In Discount
2.
- Price made a bullish BOS and after a BOS we expect a pullback.
- After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
- Price reached the Swing EQ/Discount, mitigating 4H demand zones and ranged.
- Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
- This Bullish iBOS indicates that the 4H Swing Pullback had finished and we are starting the 4H Bullish Swing Continuation Phase to target the Weak 4H Swing High.
3.
- Bullish INT Structure after mitigating the 4H/Daily demand Zones.
- As we are starting the Swing Continuation Phase, this INT Structure Low is the last structure point to hold for the 4H Swing Continuation Phase.
- If it failed, there is a high probability that we will target the 4H Swing Low.
- Swing Bullish
- INT Bullish
- INT INT Bearish
- Pullback Phase
2.
- Swing turned Bullish after mitigating the 4H/Daily Demand zones as expected yesterday.
- After the BOS we expect a 15m Swing pullback which we are already in this phase after the Bearish CHoCH.
- Currently price reached the EQ and 15m/4H demand zones for potential continuation of the Bullish Swing and targeting the Weak Swing High.
- The 4H Demand is big so be cautious of a deeper pullback within the Swing.
- My expectations that we will continue Bullish as long we don’t close below the 15m Swing Low.
3.
- Extreme 15m Swing Demand.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/6QjEEwW9-EURUSD-25-Jan-2024-W4-Intraday-Analysis-EU-Rate-US-GDP/