This is my Intraday analysis on EURUSD for 5 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 Bearish
  • Reached Swing EQ

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.

  • As expected yesterday, 15m Swing Pullback confirmed after the Bearish iBOS.
  • Price continued bearish and reached the 15m Swing EQ but didn’t mitigate any HTF POI.
  • Following the Bullish Swing, We need a bullish iBOS to target the Weak Swing High.
  • Still INT Structure Bearish so expectations is set to continue bearish to mitigate at least the 4H POIs within the 15m Swing Discount.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/wm1B7tva-EURUSD-5-Apr-2024-W14-Intraday-Analysis-NFP-Day/

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