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EURUSD 7 Nov 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 7 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis

1.

  • Swing Bullish
  • INT Bullish

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.
  • As we did a CHoCH on the 4H and iBOS on the 15m we can expect the pullback is starting after the BOS.

3.

  • 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.

15 Chart Analysis

1.

  • Swing Bullish
  • Internal Bearish

2.

  • After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
  • INT turned bearish confirming Swing High and the pullback is starting. expectation is that the pullback will continue to the 4H POIs and from there we can expect a change in the bearish OF and the INT will change to bullish.

3.

  • 4H Demand zone which includes 15m Demand that can provide potential buys to continue bullish.

4.

  • 4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.

Nov 7, 2023

Comment:

This is an Updated 15m Chart as i missed to update properly the internal structure in my original post.

15m Chart Updated :

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/Gx1BhhHZ-EURUSD-7-Nov-2023-Intraday-Analysis/

I’m Amr

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