This is my Intraday analysis on EURUSD for 8 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:
- 4H
- 15m
- 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.
- Swing Bullish
- Internal Bullish
- Reached Swing EQ
- Swing Continuation Phase
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.
- INT Structure failed to continue bearish and turned bullish after reaching the 15m Swing EQ and tapping into a daily demand zone.
- Expectations is set to continue Bullish following the 15m Bullish Swing Continuation Phase with target of the Weak Swing High.
Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/0WdV6NM4-EURUSD-8-Apr-2024-W15-Intraday-Analysis/
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