Amr-Sadek

EURUSD 11 Apr 2024 W15 - Intraday Analysis - EU Rate / US PPI

FOREXCOM:EURUSD   Euro / Dólar Americano
This is my Intraday analysis on EURUSD for 11 Apr 2024 W15 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. 4H
  2. 15m


4H Chart Analysis


1.

  • Swing Bearish / Continuation
  • INT Bearish

2.

  • As price formed a Bearish CHoCH before the CPI news, it was a nice signal for INT Structure to continue bearish.
  • Expectations is set to target the Weak INT / Swing Lows.

3.

  • Price tapped the 4H Demand but as we are in Pro Swing/INT the reaction from this demand will be limited.

15m Chart Analysis


1.

  • Swing Bearish
  • Swing Pullback Phase

2.

  • CPI news had a solid push causing a bearish BOS.
  • No HP POI except the 4H Supply with a 15m nested within it.
  • IMO i've doubts that price will pullback to this supply.
  • Expectations is set to continue bearish to fulfill the 4H INT/Swing continuation phase.

3.

  • After a BOS, we expect a pullback.
  • Price is currently within the 4H Demand but no momentum.
  • CHoCH will be the first sign that Swing Pullback maybe starting but be mindful that we are not well positioned within the HTF structure.
  • Following the bearish move would be the optimum decision.

Aviso legal

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