EURUSD 8 Nov 2023 Intraday Analysis - Powell Speaks

This is my Intraday analysis on EURUSD for 8 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Chart Analysis


1.

• Swing Bullish
  
• INT Bullish
  

2.

• After a BOS we expect a pullback, As we did a CHoCH on the 4H and iBOS on the 15m the pullback started and tapped into a 4H Demand Zone.
  
• Expectations that as long this demand zone holds and the 15m OF stay bullish we can resume the bullish move and target the INT High.
  
• The only concern that we didn't pullback to the 50% of the Swing which is something to pay attention to as we could visit the Swing 50% before we continue up.
  

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 turned bearish confirming Swing High and the pullback is starting.
  
• Price taped into the 4H Demand and created a bullish iBOS which indicate that the 15m Swing pullback is finished and we will continue the bullish move targeting the Swing High.
  

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.