EURUSD 16 Oct 2023 Intraday Analysis This is my Intraday analysis on EURUSD for 16Oct 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H
1.
Bullish Swing
Bearish INT
2.
We are at Swing Discount, Most probably that swing pullback will start once we get a CHoCH
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 Bearish
2.
After the 15m BOS, we are expecting a Swing pullback which already confirmed by the iBOS.
Current INT structure stil bearish, our expectation is that we will do Bullish iBOS to confirm the 15m Swing pullback is over and we will be targeting the Weak Swing High
3.
Internal to Internal turned bullish to facilitate the Internal Structure Pullback
Still bearish over all on 15m and waiting for Bullish Internal structure iBOS
