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

  1. 4H
  2. 15m

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.

15m Chart Analysis


1.

  • 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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