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


  • Swing Bearish
  • Internal Bearish
  • Reached Swing EQ


  • 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.


  • 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.


  • 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


  • Swing Bearish
  • INT Bearish


  • 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


  • Bullish Swing
  • Bullish INT


  • 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.


  • 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

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