Here’s a short trade idea I’m watching on USDJPY using basic Smart Money Concepts (SMC).
🔍 What I saw:
The market made a Break of Structure (BOS) to the downside.
A Change of Character (CHoCH) confirmed that the trend might be shifting.
After the drop, price retraced back to a supply zone in the premium area—right near a swing high.
I also noticed a trendline liquidity sweep, which adds more confluence that this could be a trap before a drop.
📉 Plan:
Waited for price to tap the zone and react before entering short.
Stop loss is above the swing high (to protect against fakeouts).
Targeting the recent low for a potential clean move down.
This setup uses no indicators—just price action, supply & demand, and simple structure.
Drop your thoughts or questions below—I’m always open to feedback!
🔍 What I saw:
The market made a Break of Structure (BOS) to the downside.
A Change of Character (CHoCH) confirmed that the trend might be shifting.
After the drop, price retraced back to a supply zone in the premium area—right near a swing high.
I also noticed a trendline liquidity sweep, which adds more confluence that this could be a trap before a drop.
📉 Plan:
Waited for price to tap the zone and react before entering short.
Stop loss is above the swing high (to protect against fakeouts).
Targeting the recent low for a potential clean move down.
This setup uses no indicators—just price action, supply & demand, and simple structure.
Drop your thoughts or questions below—I’m always open to feedback!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.