EURUSD 31 Oct 2023 Intraday Analysis

This is my Intraday analysis on EURUSD for 31 Oct 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.

• Price made a Bullish Swing BOS and we expecting after a break of structure a Swing pullback and a CHoCH is the first sign that the Swing pullback maybe starting.
  
• Price pulled back to almost to the swing extreme and we would expect the 4H swing low to hold and we will target the weak Swing High.
  

3.

• 4H Demand zone could hold the price to continue up but the Liq is below it so not a high probability zone.
  

4.

• 4H extreme demand is the last zone for price to mitigate if it failed at current price to continue up.
  
• This is the last option for longs for the current bullish swing.
  

15m Chart Analysis

1.

• Swing Bullish
  
• Internal Bullish
  

2.

• After the 15m BOS, we are expecting a Swing pullback, with a bearish iBOS we confirmed the Swing High and the Swing pullback started.
  
• We reached EQ and 4H demand for high probability bullish continuation.
  
• Internal Structure turned bullish to conform the Swing pullback is over and we are going to continue bullish to target the weak swing high.
  

3.

• 15m and 4H Demand zone that can provide a potential continuation to the up side if it's going to hold.
  

Comentário:

End of month trade