This is my Intraday analysis on EURUSD for 7 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H Chart Analysis
1.
2.
3.
15 Chart Analysis
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3.
4.
- 4H
- 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.
15m Chart Updated :