EURUSD 20 Feb 2024 W8 - Intraday Analysis

This is my Intraday analysis on EURUSD for 20 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m - Scenario 1
   
3. 15m - Scenario 2
   

4H Chart Analysis


1.

• Swing Bearish
  
• INT Bearish
  
• INT 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.
  
• Also be mindful that there is also a pullback required for the 4H Swing so there is a HP if price going to stay bullish we will take the Strong INT High.
  
• Bullish iBOS will signal a Swing Pullback.
  

15m Chart Analysis - Scenario 1


1.

• Swing Bearish
  
• INT Bearish
  
• Swing Bearish Continuation Phase
  

2.

• Price is at the 15m Swing Extreme, mitigating the 4H Supply.
  
• As the Swing is Bearish, expectations is set to continue Bearish.
  
• Price created a Bearish iBOS signaling that that the Swing Pullback is over and we started the Swing Bearish Continuation Phase to target the Swing Low.
  
• But also be mindful that the 4H Swing Pullback still required so there is a HP that we may take the 15m Swing High.
  

3.

• 15m/4H Demand zones that can provide only reaction and not a buy opportunity.
  

15m Chart Analysis - Scenario 1


1.

• Swing Bearish
  
• INT Bullish
  
• INT Pullback Phase
  

2.

• Price is at the 15m Swing Extreme, mitigating the 4H Supply.
  
• As the Swing is Bearish, expectations is set to continue Bearish.
  
• Price created a Bearish INT to INT structure and tuned bearish to facilitate the INT Structure Pullback. As the INT is Bullish there is a HP we are going to target the Swing High.
  
• Bearish iBOS will signal that the Swing Pullback Phase is over and we are starting the Swing Bearish continuation Phase.
  
• But also be mindful that the 4H Swing Pullback still required so there is a HP that we may take the 15m Swing High.
  

3.

• 15m/4H Demand zones that can provide only reaction and not a buy opportunity.