This is my Weekly analysis on EURUSD for 8-12 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. Weekly
  2. Daily
  3. 4H
  4. Economic Events

Weekly Chart Analysis


1.

  • Swing Bearish
  • Internal Bearish
  • Reached Swing EQ
  • Swing Continuation (Pro Swing + Pro Internal)

2.

  • After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low.

3.

  • Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
  • Expectation is to continue bearish and target he Weak INT Low.

Daily Chart Analysis


1.

  • Swing Bearish
  • INT Bearish
  • Swing Continuation / INT Continuation

2.

  • After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low.
  • Also after iBOS we expected a pullback which was initiated after the Bullish CHoCH which formed a demand that is currently showing reaction from causing a Bullish CHoCH.

3.

  • Price didn’t reach a HP POI to continue down, but price seems to be reacting from the Liq on the left.
  • With the current PA, expectation is set to target the Weak INT Low and further to the Weak Swing Low.

4.

  • Daily and Weekly demand zones for reactions once reached.

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.
  • Price had tapped into the Daily Demand zone and showing a reaction from. OF is still bullish a confirmation of bearish continuation will be confirmed with a Bearish ChoCH.

3.

  • After the bearish iBOS, price mitigated the Daily demand and initiated the INT Structure Pullback.

Economic Events for the Week

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/ZWb53TgG-EURUSD-8-12-Apr-2024-W15-Weekly-Analysis-EU-Rate-US-CPI-PPI/

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