EURUSD 8 Dec 2023 Intraday Analysis - NFP Day!This is my Intraday analysis on EURUSD for 8 Dec 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:
4H
15m
4H Chart Analysis
1.
Swing Bullish
INT Bullish
Reached EQ
2.
INT structure turned bullish which is a sign that the Swing pullback my had finished and we could continue up following the Bullish Swing.
We didn't mitigate any HTF POI till now for this INT structure to hold. May be the daily range on the left could be the reason of the INT to turn bullish! We will see after.
Currently we are mitigating the 4H demand that caused the Bullish iBOS and as long we respect the INT Low the possibility of moving up from his is high.
Waiting for LTF to show me more developments.
3.
Swing low and last demand for potential buys.
15m Chart Analysis
1.
Swing Bullish
Internal Bullish
Reached EQ
2.
Swing turned bullish after a series of bearish structures which indicates that the 4H Swing pullback may ended and we may continue the Bullish 4H Swing move.
Current bullish Swing structure is a sign of bullishness but looking on the left, we still in a range which is not convincing much and could be a a pause in the market before heading down again.
Away from that, as long i trust the structure and accept the outcome from it, i'll be looking for longs to continue that bullish Swing as long we don't break the Swing low and form again a bearish Structure.
3.
15m Demand within the 4H Demand which could provide opportunity for longs as long we respect the Swing Low.
