EURUSD 17 Oct 2023 Intraday AnalysisThis is my Intraday analysis on EURUSD for 17 Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H
1.
Bullish Swing
Bearish INT
2.
As expected, price made a CHoCH and confirmed INT Low. we are now in bearish continuation of the INT structure and price maybe targeting the INT Low.
We are at Swing Discount, Most probably that swing pullback will end but there are no signs till now on the 4H TF.
The current 4H Demand at the INT structure extreme or the 4H Demand at the Swing Extreme could be the POIs to continue bullish.
3.
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4.
Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
5.
Price could be targeting the Liq. below the 4H previous INT Low above the 4H extreme demand zone for longs
15m
1.
Swing Bullish
Internal Bullish
2.
After the 15m BOS, we are expecting a Swing pullback which already confirmed by the Bearish iBOS.
INT structure turned Bullish to confirm that the 15m Swing pullback is over and we will be targeting the Weak Swing High.
3.
Internal to Internal turned bearish to facilitate the Internal Structure Pullback.
Demand Zones now will provide opportunities to continue the INT and Swing Bullish continuation.
Structure
EURUSD 13 Oct 2023 Intraday Analysis This is an intraday analysis for EURUSD on 15m and 4H chart based on Smart Money Concept (SMC)
15m:
1
Swing Bullish
Internal Bearish
2
After the 15m BOS, we are expecting a Swing pullback which already confirmed by the iBOS.
As we are in Swing Discount the 15m and 4H Demand zones are currently providing opportunity for Longs to target the Swing High.
The concern now is that the INT is Bearish and current longs will be only a pullback to the bearish INT.
3
Internal structure turned bearish to confirm that the Swing pullback started
Chart:
4H:
1
Bullish Swing
Bearish INT
2
Price swept Liq from the previous INT low and broken and closed above the high forming another iBOS
3
Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback
As price turned bearish, and reached EQ, our expectations now that Demand zones in Discount will provide a good opportunity for longs
4
Daily and 4H Supply zone that current price action is targeting and could provide reaction for shorts opportunity using Entry Model with LTF confirmation
Chart:
USDJPYUSDJPY was trading in rising wedge pattern till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the inclining trendline of the wedge.
Now the price is retesting the broken trendline and broken support level.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 147.35
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Currently the price is forming a local support around 181.80 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
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Currently the price is forming a local support around 0.5070 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
USDJPYUSDJPY was trading in bullish structure till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the inclining trendline.
Now the price is retesting the broken trendline and broken support level.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 148.200.
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Now the price is retesting the broken channel and broken support level with strong bearish divergence.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 7400.
What you guys think of this idea?
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If the sell momentum continues the next target could be 180.500 region.
What you guys think of this idea?
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Now the price is retesting the broken channel and broken support level. which is also the 50% fib retracement level.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 0.63800.