This is my Intraday analysis on EURUSD for 7 Mar 2024 W10 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Swing Bearish
  • INT Bullish
  • Swing Pullback Phase

2.

  • After a BOS and iBOS we expect a Pullback.
  • As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
  • Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
  • Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.

3.

  • 4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
  • After iBOS we expect a pullback and the possible POI to maybe start the Pullback is the 4H Supply above the Swing EQ.
  • But be mindful that we were ranging for a period of time and price just broke that range with momentum. Most probably we will have a deep pullback phase to the daily supply before we can initiate the 4H Bearish continuation phase.
  • Keeping my bullish bias till i see solid evidence with 4H bearish break of structure to confirm the 4H Continuation phase is starting.

15m Chart Analysis


1.

  • Swing Bullish
  • INT Bullish

2.

  • After a Swing BOS we expect a Pullback.
  • INT structure is bullish and most probably will continue bullish after we broke the range.
  • Once internal structure turned bearish we will start the Swing Pullback Phase.
  • Expectation that we will continue bullish till the 4H Supply positioned above the 4H Swing EQ and maybe from there we will start the pullback.
  • Shorts are not considered until we reach a HP HTF POI.

3.

  • Swing Discount Zone and the last demand zone for potential reaction/longs when reached and depending on the situation.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/rmSrKmVN-EURUSD-7-Mar-2024-W10-Intraday-Analysis-EU-Rate-US-Jobless/

Related Posts

I’m Amr

Passionate about the art of trading, I embark on a journey documenting experiences, insights, and growth, where every entry is a step in my journey. Step into my world where dedication meets strategy.

Let’s connect

April 2025
S M T W T F S
 12345
6789101112
13141516171819
20212223242526
27282930  

ADP AUDUSD BTC Consumer Confidence CPI Durable Goods DXY EUR EURUSD FOMC GBPUSD GDP GOLD Home Sales HTF Industrial Production Interest Rate Intraday Jobless Claims Lagarde Liquidity LTF Manufacturing Markups NASDAQ NFP PCE Peace Talk PMI Powell PPI Retail Sales Smart Money Concept SMC Structure Tariffs Trade Balance Trade War Trump USD USDJPY War Weekly XAUUSD ZEW