This is my Intraday analysis on EURUSD for 6 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- Bullish Swing
- Bullish INT
2.
- As expected, price continued bullish and did a bullish BOS after sweeping the Liq from the previous Swing lows.
- After a BOS we expect a pullback, but be mindful that all TFs are bullish in Structure or OF so most probably that bullishness will continue.
- Will be looking for pullback to start once we tap into the Weekly/ 4H Supply zones that is price is approaching currently.
- Will wait for LTFs to guide for maybe the Swing pullback is starting.
3.
- 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
- Swing Bullish
- Internal Bullish
2.
- After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
- INT still bullish so we can continue longs but be mindful that the 15m Swing pullback could start at any time.
3.
- 4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/xqMN12oP-EURUSD-6-Nov-2023-Intraday-Analysis/