This is my Intraday analysis on EURUSD for 30 Jan 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
1.
- Swing Bullish
- INT Bearish
- OF Bearish
- In Swing 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 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
- This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
- We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
More price development needed with the current PA.
3.
- As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low.
- After iBOS we expect a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting.
- Will be waiting for 15m to align with the 4H request to start a pullback.
1.
- Swing Bearish
- INT Bullish
- Reached EQ
2.
- Swing turned Bearish again after mitigating a HTF Supply.
- After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ.
- Expectation that we are going to target the 15m Weak Swing Low but be mindful that we are currently in Bullish INT Structure.
3.
- We are currently in Pullback Phase of the Bullish INT Structure. But after the 4H Bearish iBOS the momentum is to the down side.
- Shorts are the preferred option until the 15m Swing turns Bullish to facilitate the 4H INT Bearish Structure Pullback.
Jan 30
Comment:
Update on the 15m Chart (Adjusted 15m mitigated Supply based on the Start of the Buy before the Sell) :
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/cJYNG3mx-EURUSD-30-Jan-2024-W5-Intraday-Analysis-EU-GDP-US-Jobs/
