This is my Intraday analysis on EURUSD for 31 Jan 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames:


4H Chart Analysis


  • Swing Bullish
  • INT Bearish
  • OF Bearish
  • In Swing Discount


  • 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.


  • 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.
  • We mitigated the 4H Supply and price reacted from there. Currently we don’t have a Bullish CHoCH to confirm the INT Structure Pullback started (It’s not a must but it’s currently my mechanical approach to define Pullbacks).
  • Price could continue down to create a new low and then the CHoCH position will be changed or Price will try again to create a Bullish CHoCH.
  • Waiting for more price development

15m Chart Analysis


  • Swing Bearish
  • INT Bearish
  • Reached EQ


  • 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.
  • Price reached and mitigated the 15m/4H Supply zones and INT structure turned bearish signaling the 15m Swing Pullback is finished and we are currently Pro Swing aligning with the Bearish Swing as expected.
  • Expectations is that we will target the Weak Swing Low.


  • After INT Structure turned bearish (iBOS) we expect a pullback.
  • The 15m Supply zone within the INT Structure is the only zone that can provide Short opportunity after confirmation.
  • Be mindful that today there is heavy news for Germany, but the most waited news is the US ADP and FOMC/Powell Conference so volatility will be high.

Link to Tradingview Post:

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

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