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EURUSD, Intraday Analysis

EURUSD 9 Apr 2024 W15 – Intraday Analysis (Ramadan Late Analysis)

Published by

Amr Sadek

on

April 9, 2024

This is my Intraday analysis on EURUSD for 9 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:

4H
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 and currently close to mitigate the 4H Supply.
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
Swing Pullback Phase

2.

As expected, price reached the Weak Swing High and created a Bullish BOS.
After a BOS we expect a pullback. We didn’t mitigate a HP/HTF POI.
Price will continue bullish till the mitigation of the 4H Supply Till we have the Bearish iBOS to confirm the Swing Pullback Phase is starting.

3.

15m/4H Demand would be potential for longs once reached after confirmation to continue the bullish swing.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/rzrRT3OV-EURUSD-9-Apr-2024-W15-Intraday-Analysis/

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