This is my Intraday analysis on EURUSD for 27 Feb 2024 W9 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Swing Bearish
  • INT Bullish
  • Swing Pullback Phase

2.

  • After a BOS and iBOS we expect a Pullback.
  • As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
  • Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
  • Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.

3.

  • After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback.
  • Price reached the 4H Supply as expected and showed solid reaction from there. This reaction is starting the Bullish INT Structure Pullback.
  • We didn’t do a Bearish CHoCH to confirm INT High yet. So, there is a probability that price could tap into the CHoCH.
  • Also we tapped into a Daily Demand (Not a HP zone) which is currently containing price.
  • As the 4H Swing is bearish, the Swing pullback could be done after reaching the 4H Supply, Bearish CHoCH will be the initial weak conformation and a Bearish iBOS will be the solid confirmation for that scenario.
  • Other scenario is a deeper Swing Pullback and 4H INT will stay Bullish to facilitate that view.

15m Chart Analysis


1.

  • Swing Bullish
  • INT Bullish
  • INT Continuation Phase

2.

  • Swing turned bullish to facilitate the 4H Swing Pullback.
  • After BOS we expect a pullback. No HTF POI price tapped into yet to start the pullback.
  • Price reached the 4H Supply as expected and from there started the 15m INT Structure Pullback.
  • We reached the INT Structure extreme and price started a bounce.
  • Price created a Bullish CHoCH after ranging which indicates that the INT Pullback is over and expectation is to target the Weak INT High.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/JMIJIXwu-EURUSD-27-Feb-2024-W9-Intraday-Analysis-US-Cons-Confidence/

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