EURUSD 22 Jan 2024 W4 - Intraday Analysis

22 Jan

This is my Intraday analysis on EURUSD for 22 Jan 2024 W4 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Chart Analysis

https://www.tradingview.com/x/CZapyGBf/


1.

• Swing Bullish
  
• INT Bearish
  
• OF Bullish
  
• In Discount
  

2.

• Price made a bullish BOS and after a BOS we expect a pullback.
  
• After mitigating the Weekly Supply zone, price started the Swing pullback phase after a bearish CHoCH.
  
• Price reached the Swing EQ/Discount, mitigating 4H/Daily demand zones and ranged.
  
• OF currently is bullish after the Bullish CHoCH. Demand formed from the CHoCH is mitigated and still holding. But that Bullish OF is not coming from a HP POI so there is a high probability we will continue down unless we see Bullish OF holding and continuing.
  
• Current targets will be the Daily/4H demand zones and we can wait for price development on LTF to see if we will resume the Bullish Swing or not.
  

3.

• Swing extreme 4H demand and Daily for possible continuation to the upside.
  

15m Chart Analysis

https://www.tradingview.com/x/0JJUKfEB/


1.

• Swing Bearish
  
• Internal Bullish
  
• Pullback Phase
  

2.

• INT Structure turned Bullish (iBOS) confirming a 15m Swing Low formed and the start of the 15m Swing pullback Phase.
  
• Expectation now is set to play the pullback phase as Bullish move till we reach a HP 4H Supply zone.
  
• Just to note that we didn't mitigate any HTF POI to initiate the current Pullback. So be cautious that we may also continue Bearish till we mitigate the Daily/4H demand zone and from there we could continue the 4H Swing Bullish Continuation Phase.
  

3.

• INT structure continuing Bullish again with Bullish iBOS.
  
• After iBOS we expect a pullback. No HP demand zones except the one presented which is also not positioned well within the new INT Structure.
  
• Waiting for more price development with expectations for price to continue bullish respecting the INT Low.
  

4.

• Weak Swing low is still holding which means that the Swing pullback still active and we will have a deeper swing pullback.