Euro / U.S. DollarUpdated EURUSD 7 Nov 2023 Intraday Analysis
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
https://www.tradingview.com/x/p0I5h1ZR/
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15 Chart Analysis
https://www.tradingview.com/x/gltKCBIz/
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- 4H
- 15m
4H Chart Analysis
https://www.tradingview.com/x/p0I5h1ZR/
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
https://www.tradingview.com/x/gltKCBIz/
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.
Note
This is an Updated 15m Chart as i missed to update properly the internal structure in my original post. 15m Chart Updated :
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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.