Charting my Trading Odyssey

This is my Intraday analysis on EURUSD for 7 Feb 2024 W6 based on Smart Money Concept (SMC) which includes the following Time Frames:

• 4H
  
• 15m
  

4H Chart Analysis

1.

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

2.

1. Price made a bullish BOS and after a BOS we expect a pullback.
   
2. After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
   
3. Price reached the 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
   
4. This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
   
5. We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
   
6. More price development needed with the current PA.
   

3.

• Bearish momentum still active with a Bearish iBOS.
  
• With the current series of bearish INT Structures, there is a HP that the 4H Swing Low will go as there is no much demand zones and the current demand is in mitigation and every move up is just a sell opportunity.
  
• After the iBOS we would expect a pullback. Price failed to close below the 4H Low which could be a sweep of LIQ.
  
• As per yesterday analysis, i was waiting to see at least a bullish CHoCH in order to see a possibility of a Pullback of the 4H Bearish iBOS and the 4H Still Holding. We had formed this Bullish CHoCH yesterday and according to that we formed a fresh demand zone that could have the potential to provide a deeper pullback to the 4H iBOS and maybe the continuation on the 4H Bullish Swing.
  
• I’ll be waiting 15m to align bullish to play the 4H iBOS pullback if possible. Other wise waiting for better Short opportunity from the 4H Supply at the INT High.
  
• Lets wait for the LTF to guide us.
  

15m Chart Analysis

1.

• Swing Bearish
  
• INT Bearish
  
• Waiting Pullback Phase
  

2.

• Swing is Bearish and we are currently in the bearish momentum after the break.
  
• Price reached the 4H Swing Low and the Daily INT Low and failed to close below for 2 times now (Just wicked micro pips below it). Could be a sweep of LIQ or just mitigation and continuation bearish. No HTF POI mitigation yet.
  
• From a structure prospective, We are expecting a Pullback for the 15m Swing and the 4H INT Structure.
  
• I’ll wait for the pullback phase after the 15m Bullish iBOS putting in consideration that there is a HP that we can create a Bearish 4H BOS and Daily iBOS. (Shorting the lows or after Break of Structure is not my edge)
  
• Lets wait and see more price development.
  

3.

• 15m INT Structure is bearish and we are in the continuation after the Swing BOS.
  
• Price failed for the 2nd time to break the 4H Swing Low/Daily INT Low yesterday and formed a Bullish CHoCH on the 4H. With that CHoCH we created a 4H Demand (Not the most convincing zone but better than nothing :D)
  
• 4H Supply within this INT Structure is the only supply that could provide a Bearish continuation. But be mindful that we could start also the Swing Pullback at anytime.
  

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/6XQ0dXrI-EURUSD-7-Feb-2024-W6-Intraday-Analysis-US-Trade-Balance/