This is my Intraday analysis on EURUSD for 29 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis

1.

  • Swing Bullish
  • INT Bullish

2.

  • Swing low and last demand for potential buys.

3.

  • After the Swing BOS, we expected a pullback but price still in Bullish momentum and still creating Bullish INT Structures. We didn’t have Swing pullback till now which will be identified by a Bearish iBOS.
  • Price did another Bullish iBOS and reached a 4H Supply and mitigating a Daily Supply. We are expecting a pullback for the INT Structure and the first sign will be a bearish fractal CHoCH which will be the 15m Bearish iBOS.
  • Be mindful that the Bullish momentum is so strong and shorts wouldn’t be a smooth ride, So patience is always the key of success! plan and wait for confirmation.

15m Chart Analysis

1.

  • Swing Bullish
  • Internal Bullish

2.

  • As expected, price created another Bullish BOS following the Bullish momentum. After a BOS we expect a Swing Pullback.
  • The first sign that the pullback maybe starting is a Bearish Fractal CHoCH. But as we formed INT Structures after the BOS, then we will wait for INT Structure to turn bearish first to:
    1- Confirm a Swing High
    2- Confirm that the pullback is starting
  • Be Mindful that the Bullish momentum is strong and shorts will not be a smooth ride.

3.

  • Price is currently mitigating a 4H and Daily Supply Zones.
  • Pullback could start from here, but as we identified in the previous point that we need a confirmation with a Bearish iBOS.
  • Longs are currently the only play from the INT Demand areas after confirmation till INT Lows fails and we get the bearish iBOS.

Nov 29, 2023

Comment:

15m Chart for Frankfort Open:

Nov 29, 2023

Comment:

15m Chart for London Open: Watch the 4H Fractal CHoCH as it’s the current Liquidity price is looking to take

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/up2qf9j0-EURUSD-29-Nov-2023-Intraday-Analysis-EU-CPI-US-GDP-Bailey/

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