,

EURUSD 3 Nov 2023 Intraday Analysis – NFP Day

This is my Intraday analysis on EURUSD for 3 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis

1.

  • Bullish Swing
  • Bullish INT

2.

  • After sweeping the liquidity down there the Swing continuation is solid now for more upside and targeting the Swing High and more.
  • We reacted yesterday from the supply zone that formed to sweep the liquidity but there is a high probability that we will break this zone to target the Swing High.

3.

  • 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.

15m Chart Analysis

1.

  • Swing Bullish
  • Internal Bullish

2.

  • After the last iBOS, price reacted from 15m Supply that caused the bearish iBOS to facilitate the bullish iBOS pullback.
  • INT Structure holding bullish continue the bullish swing continuation.

3.

  • 4H Demand zone which includes 15m Demand zones that can provide potential buys to continue bullish.
  • I don’t think that price can pullback all the way down to the 15m demand which is a sign of weakness, instead i’m looking for breaks to the upside from here and continuation today.

Nov 4, 2023

Comment:

2 Entries on EURUSD on 1 Nov after sweeping the 4H Liquidity and 15m iBOS Confirmation. NFP played to reach the target.

Video : x.com/amrsadek/…680408944193548?s=20

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