This is my Intraday analysis on EURUSD for 4 Apr 2024 W14 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Swing Bearish / Continuation
  • INT Bearish / Pullback Phase

2.

  • Price reached the INT Structure EQ / Premium and swept the Liq. on the left from the bearish INT Structure Leg.
  • As the 4H Swing and INT are bearish, expectation is after the pullback to continue bearish.
  • 4H OF and momentum is Bullish so more development on LTF is required for Shorts to target the Weak INT Low and the continuation of the Bearish Swing to target the Weak Swing Low.

3.

  • After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.

15m Chart Analysis


1.

  • Swing Bullish
  • Internal Bullish
  • Swing Pullback Phase

2.

  • After the Bearish BOS we expect a Pullback.
  • Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.

3.

  • Bearish Swing failed and we created a Bullish BOS which aligns with the 4H request to initiate the 4H INT Pullback.
  • But be mindful that we reached the 4H INT Structure EQ and Premium where we could see a bearish continuation.
  • Shorts are mostly viable after we mitigate a HTF POI and/or a bearish iBOS.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/LABvDAyA-EURUSD-4-Apr-2024-W14-Intraday-Analysis-ECB-Minutes-US-Jobless/

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