This is my Intraday analysis on EURUSD for 28 Mar 2024 W13 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Swing Bearish / Continuation
  • INT Bearish / Pullback Phase

3.

  • Finally with the Bearish iBOS we confirm the Swing Pullback is over and currently we align with the Bearish Swing targeting the Weak Swing Low.
  • After iBOS we expect a pullback. Bullish CHoCH will be the first sign of the the INT Structure Pullback.
  • Price had mitigated the 4H Demand for possible start of the Bullish Pullback of INT Structure.
  • More development on LTF required to confirm the Bullish Pullback Phase.

3.

  • 4H and Daily Demand Zones for possible reactions only once reached.

15m Chart Analysis


1.

  • Swing Bearish
  • Internal Bearish

2.

  • After the Bearish BOS we expect a Pullback.
  • Price reached the 4H demand and the nested 15m Demand which is mitigated after the bullish CHoCH initiating the 15m INT Structure Pullback.
  • Expectations is set for price to initiate the 15m Swing Pullback Phase with a Bullish iBOS. But be mindful that price could continue bearish targeting 4H Weak Swing Low.

3.

  • 15m/4H Supply zones for possible short options once reached.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/8vWe5Ezr-EURUSD-28-Mar-2024-W13-Intraday-Analysis-US-GDP-Jobless/

Related Posts

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

June 2024
S M T W T F S
 1
2345678
9101112131415
16171819202122
23242526272829
30  

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