,

EURUSD 30 Oct 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 30 Oct 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.

  • Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback and a CHoCH is the first sign that the Swing pullback maybe starting.
  • Price pulled back to almost to the swing extreme and we would expect the 4H swing low to hold and we will target the weak Swing High.

3.

  • 4H Demand zone could hold the price to continue up but the Liq is below it so not a high probability zone.

4.

  • 4H extreme demand is the last zone for price to mitigate if it failed at current price to continue up.
  • This is the last option for longs for the current bullish swing.

15m Chart Analysis


1.

  • Swing Bullish
  • Internal Bullish

2.

  • After the 15m BOS, we are expecting a Swing pullback, with a bearish iBOS we confirmed the Swing High and the Swing pullback started.
  • We reached EQ and 4H demand for high probability bullish continuation.
  • Internal Structure turned bullish to conform the Swing pullback is over and we are going to continue bullish to target the weak swing high.

3.

  • 15m and 4H Demand zone that can provide a potential continuation to the up side if it’s going to hold.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/yHiS1dE4-EURUSD-30-Oct-2023-Intraday-Analysis/

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