EURUSD 21 Nov 2023 Intraday Analysis - FOMC Minutes Day

This is my Intraday analysis on EURUSD for 21 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.

• 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.

• Price still in a Bullish momentum after the 4H BOS.
  
• We are approaching the Daily and 4H Supply zones which could provide a pullback. The pullback will be tough to play and will require a 4H Bearish iBOS which is currently far from here.
  
• Most probably the LTF (15m) will give us a clue if there will be some relief for a pullback from this Daily/4H Supply Zones.
  

15m Chart Analysis

1.

• Swing Bullish
  
• Internal Bullish
  

2.

• After the 15m BOS we expect a pullback. Price still in the continuation phase and no signs of pullback starting. a Bearish iBOS will be the first sign.
  
• Price is approaching the Daily and 4H Supply Zones, the Pullback could start from there but we need a confirmation (Bearish iBOS)
  
• 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)
  

Commento:

Updated 15m Chart (CHoCH, Demand and Zoom in for Intraday)