This is my Intraday analysis on EURUSD for 30 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

Before the analysis, i want to share my trade taken yesterday based on the analysis shared with the idea of looking for Shorts to play the pullback for the 15m Swing and the 4H INT Structure.

As per the plan yesterday, i was waiting for Bearish INT Structure to signal that the pullback had started and i can look for Shorts after. We did that yesterday and formed a Bearish CHoCH on the 4H where i took my shorts in anticipation that the INT Bearish Structure will hold bearish to facilitate the pullback.

I know it will not be a smooth trade because we are trading against the trend, but as per the plan i can trade these options with cautious.

This is the current trade for reference on 15m Chart:

4H Chart Analysis

1.

  • Swing Bullish
  • INT Bullish

2.

  • Swing low and last demand for potential buys.

3.

  • After the Bullish iBOS we expect a pullback. We created a CHOCH yesterday which confirmed the INT High and the pullback of the INT Structure started.
  • Most probably we will be targeting the Demand zone in the 4H Swing Discount before looking for longs.
  • 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 Bearish

2.

  • INT Structure turned Bearish to signal the 15m Swing Pullback and we are in short term bearish momentum.
  • Most probably price will be targeting the unmitigated 4H / 15m Demand zones and the Swing EQ for this pullback. Could extend to the Swing Extreme but our expectations is to look for longs from the extreme after confirmation.
  • Be Mindful that the Bullish momentum is strong and shorts will not be a smooth ride.

3.

  • Price had mitigated the 4H Supply and created a CHoCH on the 4H which created a new Supply that was mitigated within the current Bearish INT Structure.

Nov 30, 2023

Comment:

Frankfort Open 15m Chart:

Nov 30, 2023

Comment:

London Open 15m Chart and the current trade status:

Nov 30, 2023

Comment:

Update on the Current trade:

As inflation news came lower than expected, it fueled the pullback phase on EURUSD. Looking on the daily chart, the current CHoCH is the liquidity that can provide a pullback for EUR which is the INT Low in 4H Chart. This would be my targeted area. (Snapshots from Daily and 4H on the Chart)

15m Chart:

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/EeCxRTQU-EURUSD-30-Nov-2023-Intraday-Analysis-EU-CPI-End-of-Month/

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.

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