This is my Intraday analysis on EURUSD for 2 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H Chart Analysis
1.
2.
3.
15m Chart Analysis
1.
2.
3.
- 4H
- 15m
4H Chart Analysis
1.
- Bullish Swing
- Bullish INT
2.
- The Swing continuation moved stopped at the 4H Supply yesterday and created a fresh Supply zone after the bearish CHoCH.
- As stated yesterday that If the low that started the Swing Continuation move failed to break the Swing high then there is a high probability that it will be targeted.
- Buys still the theme within this swing but the liquidity formation above the extreme demand zone is maybe the target now to continue up which we did yesterday.
- After sweeping this liquidity down there the Swing continuation is solid now for more upside and targeting the Swing High and more.
3.
- 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.
15m Chart Analysis
1.
- Swing Bullish
- Internal Bullish
2.
- INT Structure turned bearish which allowed price to sweep the Liq from the 4H Structure low yesterday and turned back again to bullish after sweeping the liquidity.
- Now 15m Swing and INT align with the 4H Swing and INT and it's a high probability to continue up again to target the 15m Swing High and above as long the INT Structure lows are respected and staying bullish.
3.
- 4H Demand zone which includes 15m Demand zones that can provide potential buys to continue bullish.
- I don't think that price can pullback all the way down to the 15m demand which is a sign of weakness, instead i'm looking for breaks to the upside from here and continuation today.
