Amr-Sadek

EURUSD 6 Nov 2023 Intraday Analysis

FOREXCOM:EURUSD   יורו / דולר אמריקאי
This is my Intraday analysis on EURUSD for 6 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m

4H Chart Analysis


1.

  • Bullish Swing
  • Bullish INT

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.
  • Will be looking for pullback to start once we tap into the Weekly/ 4H Supply zones that is price is approaching currently.
  • Will wait for LTFs to guide for maybe the Swing pullback is starting.

3.

  • 4H Demand zone could hold the price to continue up after sweeping liquidity on the left.


15m Chart Analysis


1.

  • Swing Bullish
  • Internal Bullish

2.

  • After the 15m BOS we expect a pullback. Confirmation that the pullback is starting when we have the bearish iBOS.
  • INT still bullish so we can continue longs but be mindful that the 15m Swing pullback could start at any time.

3.

  • 4H Demand zone which includes 15m Demand zones at the 15m Swing extreme that can provide potential buys to continue bullish.


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