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EURUSD 4 Dec 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 4 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  • 4H
  • 15m

4H Chart Analysis

1.

  • Swing Bullish
  • INT Bullish
  • Reached EQ

2.

  • Swing low and last demand for potential buys.

3.

  • After the Bullish iBOS we expected a pullback. We created a CHOCH and price continued the pullback for the INT Bullish Structure.
  • The pullback pushed down and swept the Liq. below the Stron INT Low and reached the Swing EQ.
  • It’s a tough call now! We have the 2 options valid (Buy / Sell) but we need to see more price development and confirmation to trigger.
  • Option 1 Buy: I’ll be waiting to see if price will confirm the failure to close below the INT Low and it was a sweep of Liq. below strong low from the LTF Structure changing to bullish.
  • Option 2 Sell: I’ll be waiting for the INT Structure to shift bearish which will confirm the Swing High and we can look now for shorts after the INT pullback. But be cautious that we already reached the Swing EQ and buyers will step in now.

    Let’s see what the LTFs will tell us and we can adopt accordingly while keeping our HTF analysis always in play.

15m Chart Analysis

1.

  • Swing Bearish
  • Internal Bearish

2.

  • Swing structure turned bearish creating a BOS. After a BOS we expect a pullback.
  • INT structure is bearish which means we still in the bearish continuation until we have a Bullish iBOS.
  • Price taped into the 15m and 4H Supply that caused the bearish BOS and till now holding.
  • I’ll be waiting for Bullish iBOS to play the 15m Swing pullback or wait for the 4H Bearish iBOS to confirm the 4H Swing Pullback started to play Shorts.

Dec 4, 2023

Comment:

Frankfort Open 15m Chart:

Dec 4, 2023

Comment:

This is a small trade i took in a try to see if we can break the 15m INT Low and the 4H INT Low.

The trade ended BE after securing the trade.

Entry:

Close:

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/1kHEfejh-EURUSD-4-Dec-2023-Intraday-Analysis/

I’m Amr

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