EURUSD 8 Apr 2024 W15 - Intraday Analysis

This is my Intraday analysis on EURUSD for 8 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 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.
  
• 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
  
• Reached Swing EQ
  
• Swing Continuation Phase
  

2.

• After the Bearish BOS we expect a Pullback.
  
• Price tapped into the daily demand which initiated the Swing Pullback Phase with a Bullish iBOS.
  

3.

• INT Structure failed to continue bearish and turned bullish after reaching the 15m Swing EQ and tapping into a daily demand zone.
  
• Expectations is set to continue Bullish following the 15m Bullish Swing Continuation Phase with target of the Weak Swing High.