This is my Weekly analysis on EURUSD for 30 Oct – 3 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. Weekly
  2. Daily
  3. 4H
  4. Economic Events

Weekly Chart Analysis


1.

  • Swing Bearish
  • Internal Bearish
  • Reached Swing EQ

2.

  • After the iBOS we expect pullback, price tapped into Liq and a demand zone which showed a nice reaction that the pullback of the internal bearish structure maybe starting but still the OF is bearish.

3.

  • Potential flip supply zone to continue the INT bearish structure and Swing bearish leg
  • But be mindful that the INT structure doesn’t have IDM and the zone/CHoCH could be used as IDM and we will be in the Swing Discount.

4.

  • Extreme supply within the bearish INT structure with Liq below it. A potential zone located in the Swing premium for continuation down.

Daily Chart Analysis


1.

  • Swing Bearish
  • INT Bearish

2.

  • After BOS we expect a pullback
  • CHoCH will be the first sign of maybe pullback is starting, price did a CHoCH confirming INT Low formation.
  • OF still bearish after reaching the daily flip zone. Expectation is that we will continue the bearish OF but be mindful that the pullback will start at anytime.

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 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.

Economic Events for the Week

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/tHCFV6VC-EURUSD-30-Oct-3-Nov-2023-Weekly-Analysis-FOMC-NFP-Week/

I’m Amr

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