EURUSD 30 Jan 2024 W5 - Intraday Analysis - EU GDP / US Jobs

This is my Intraday analysis on EURUSD for 30 Jan 2024 W5 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Chart Analysis

1.

• Swing Bullish
  
• INT Bearish
  
• OF Bearish
  
• In Swing 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 4H/Daily demand zones as expected after breaking the range and formed a Bullish INT Structure iBOS.
  
• This Bullish iBOS failed to continue Bullish and we changed to Bearish INT Structure which means that the Swing Pullback Phase is not over.
  
• We are also within the 4H Swing Demand/Discount so keep in mind that at anytime the Swing Continuation could start.
  More price development needed with the current PA.
  

3.

• As the INT Structure turned Bearish, we resumed again the Swing Pullback which in my opinion going to target the Swing Low.
  
• After iBOS we expect a Pullback, CHoCH is the first sign that the INT Structure Pullback is starting.
  
• Will be waiting for 15m to align with the 4H request to start a pullback.
  

15m Chart Analysis

1.

• Swing Bearish
  
• INT Bullish
  
• Reached EQ
  

2.

• Swing turned Bearish again after mitigating a HTF Supply.
  
• After a BOS we expect a pullback, INT structure turned Bullish to facilitate the Swing Pullback where we reached the EQ.
  
• Expectation that we are going to target the 15m Weak Swing Low but be mindful that we are currently in Bullish INT Structure.
  

3.

• We are currently in Pullback Phase of the Bullish INT Structure. But after the 4H Bearish iBOS the momentum is to the down side.
  
• Shorts are the preferred option until the 15m Swing turns Bullish to facilitate the 4H INT Bearish Structure Pullback.
  

Yorum:

Update on the 15m Chart (Adjusted 15m mitigated Supply based on the Start of the Buy before the Sell) :