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

4월 11일

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

https://www.tradingview.com/x/l0QDLoz1/

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

https://www.tradingview.com/x/D9Yxufzp/

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.