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

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