This is my Intraday analysis on EURUSD for 8 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
  • Swing/Internal Pullback Back Phase

2.

  • Price continuing bullish with Bullish Swing BOS formation.
  • We had reached the 4H supply and we’d fully mitigated it which could provide bearish pressure to initiate the 15m Swing Pullback.
  • But be mindful that 15m Swing and 4H Internal Structures are solidly Bullish and we there is a HP we will continue up to mitigate the Daily/Weekly Supply.
  • Still on my Bullish Bias. Shorts will be in play once we have confirmed 15m Bearish BOS. Risky shorts will be with 15m Bearish iBOS.

3.

  • Swing Discount Zone and the last 15m/4H demand zone for potential reaction/longs when reached.

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/M5w9NtlV-EURUSD-8-Mar-2024-W10-Intraday-Analysis-NFP-Day/

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