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


1.

  • 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.

4H Chart Analysis


1.

  • 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/

I’m Amr

Passionate about the art of trading, I embark on a journey documenting experiences, insights, and growth, where every entry is a step in my journey. Step into my world where dedication meets strategy.

Let’s connect

July 2024
S M T W T F S
 123456
78910111213
14151617181920
21222324252627
28293031  

ADP AUDUSD BTC Consumer Confidence CPI CPI Revisions Durable Goods DXY ECB ECB Meeting Minutes education EUR EURUSD FOMC GBPUSD GDP GOLD Home Sales Housing HTF IFO Industrial Production Interest Rate Intraday Jobless Claims Liquidity LTF Markups NASDAQ NFP PCE PMI Powell PPI Retail Sales Safe Haven Smart Money Concept SMC Structure Trade Balance USD USDJPY Weekly XAUUSD ZEW