Amr-Sadek

EURUSD 25 Oct 2023 Intraday Analysis

FOREXCOM:EURUSD   Euro / U.S. Dollar
This is my Intraday analysis on EURUSD for 25 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis



1.

  • Bullish Swing
  • Bullish INT

2.

  • Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback and a CHoCH is the first sign that the Swing pullback maybe starting.
  • as expected yesterday, we reached the 4H demand zone and we are expecting the bullish continuation.
  • The current 4H demand could be IDM after the Swing BOS but if we have LTF entry model i'd say it worth a shot.

3.

  • Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation.
  • But me mindful that no confirmation for bullish move weakness and there is Liquidity above this supply zone price is targeting.


15m Chart Analysis


1.

  • Swing Bullish
  • Internal Bullish

2.

  • After the 15m BOS, we are expecting a Swing pullback, with a bearish iBOS we confirmed the Swing High and the Swing pullback started.
  • We reached EQ and 4H demand for high probability bullish continuation. This will be confirmed once we have bullish iBOS.






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