EURUSD 21 Feb 2024 W8 - Intraday Analysis - EU Conf. US FOMCThis is my Intraday analysis on EURUSD for 21 Feb 2024 W8 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bearish
INT Bullish
Swing Pullback Phase
3.
After Bullish iBOS confirming Swing Pullback Phase started, We are expecting INT Pullback.
We are currently within a previous Daily Supply that is partially mitigated but with the current Bullish momentum an INT Pullback most probably will start from the 4H Supply/Swing EQ based on the LIQ on the left.
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.
15m Chart Analysis
1.
Swing Bullish
INT Bullish
INT Pullback Phase
2.
Swing turned bullish to facilitate the 4H Swing Pullback.
After BOS we expect a pullback. No HTF POI price tapped into yet to start the pullback.
Most probably price will continue bullish till the 4H Supply zone.
Bearish iBOS will confirm 15m Swing High and Start of Swing Pullback.
Continuing my bullish Bias on EURUSD till we reach the 4H Swing EQ/HP Supply zones.
