EURUSD 7 Nov 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 7 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Chart Analysis

1.

• Swing Bullish
  
• INT Bullish
  

2.

• As expected, price continued bullish and did a bullish BOS after sweeping the Liq from the previous Swing lows.
  
• After a BOS we expect a pullback, but be mindful that all TFs are bullish in Structure or OF so most probably that bullishness will continue.
  
• As we did a CHoCH on the 4H and iBOS on the 15m we can expect the pullback is starting after the BOS.
  

3.

• 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
  

15 Chart Analysis

1.

• Swing Bullish
  
• Internal Bearish
  

2.

• After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
  
• INT turned bearish confirming Swing High and the pullback is starting. expectation is that the pullback will continue to the 4H POIs and from there we can expect a change in the bearish OF and the INT will change to bullish.
  

3.

• 4H Demand zone which includes 15m Demand that can provide potential buys to continue bullish.
  

4.

• 4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.
  

تعليق:

This is an Updated 15m Chart as i missed to update properly the internal structure in my original post.

15m Chart Updated :