EURUSD 20 Nov 2023 Intraday Analysis

20. Nov. 2023

This is my Intraday analysis on EURUSD for 20 Nov 2023 based on Smart Money Concept (SMC) which includes the following Time Frames:

1. 4H
   
2. 15m
   

4H Chart Analysis

https://www.tradingview.com/x/4q6QoDTA/

1.

• Swing Bullish
  
• INT Bullish
  

2.

• Bullish Swing continuation happened as expected and we created a Bullish BOS.
  
• After a BOS we are expecting a pullback and first sign will be a CHoCH.
  
• We did a CHoCH but it was only a Sweep of Liquidity and even the 15m didn't close below the Structure.
  

3.

• After reaching the Daily/4H Supply, price started to show some reaction.
  
• The CHoCH that happened just confirmed the INT High and it was only Sweep of Liquidity due to the aggressive bullish move.
  
• Currently we have a Bullish iBOS and again we are expecting a Pullback which could start from the current 4H Supply or i prefer to Sweep the Liquidity above the Weekly supply and we will be starting a nice pullback to the 4H Swing and it could evolve to a Weekly / Daily bearish continuation.
  

15m Chart Analysis

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

1.

• Swing Bullish
  
• Internal Bullish
  

2.

• After a BOS we expect a pullback. The first sign will be a CHoCH which price did but it created instead a bullish INT Structure. So the bearish iBOS will be a sign that the pullback is starting.
  
• We are mitigating the 4H and Daily Supply zones and there is high probability that we will take these zones out as of the Weekly and Daily Liquidity required.
  
• Playing the pullback will be after the bearish iBOS and be mindful that the pullbacks in nature is rough ride.
  

3.

• The most probable demand zones within the new 15m Swing is the Extreme and the one above as both are below EQ (In Discount)
  

20. Nov. 2023

Anmerkung

Updated the 15m Chat (CHoCH placement / INT High)