EURUSD 18 Mar 2024 W12 - Intraday Analysis - EU CPI
This is my Intraday analysis on EURUSD for 18 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H Chart Analysis
https://www.tradingview.com/x/gpvhvtqW/
1.
2.
3.
15m Chart Analysis
https://www.tradingview.com/x/NxhykcHn/
1.
2.
3.
- 4H
- 15m
4H Chart Analysis
https://www.tradingview.com/x/gpvhvtqW/
1.
- Swing Bearish
- INT Bullish / Continuation Phase
- Swing 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.
- Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.
3.
- 4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
- After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
- Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.
15m Chart Analysis
https://www.tradingview.com/x/NxhykcHn/
1.
- Swing Bearish
- INT Bullish
- Swing Pullback Phase
2.
- 15m Swing turned which indicates that the 4H Internal Structure pullback is not over yet.
- After a BOS we expect a pullback. Price didn't reach any HTF POI to initiate the pullback yet.
3.
- After the Swing BOS, the pullback phase initiated after the Bullish iBOS.
- Expectations is set for price to continue Bullish to Swing EQ / HP POI within the Swing Premium.
- Bearish iBOS will confirm the Swing Pullback is over and there is a HP of targeting the Weak Swing Low. (Also it will reflect on the 4H to create a new low and new closer CHoCH instead of the current high one)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.