This chart shows a clean Smart Money Concept (SMC) style buy-side setup, targeting a highly respected demand zone and high-odds liquidity grab above.
Following a steep bullish impulse, price formed a new market structure shift (BOS) and is now retracing into a crucial entry zone at 3,314.00 – 3,311.50. This area is marked by a hidden order block and imbalance, with high R:R opportunities for buyers.
The stop loss is judiciously set below the latest wick at 3,304.40, safeguarding against manipulation while having the best risk exposure.
The target one (TP1) is at 3,319.70, corresponding to intraday liquidity and recent supply reaction. The second target (TP2) goes up to 3,325.90, a major high where external liquidity would most likely be absorbed before any major change.
This is on the basis of:
A confirmed bullish BOS
Demand zone + OB alignment
Imbalance + inducement layer barely underneath the entry
No indication of bearish turn yet
We expect retest of demand and a move on to liquidity, given the zone is sustained and no bearish BOS is witnessed.
???? Trade Parameters:
Entry Zone: 3,314.00 – 3,311.50
SL: 3,304.40 (below OB)
TP1: 3,319.70
TP2: 3,325.90
Bias: Bullish (scalp-to-swing)
Following a steep bullish impulse, price formed a new market structure shift (BOS) and is now retracing into a crucial entry zone at 3,314.00 – 3,311.50. This area is marked by a hidden order block and imbalance, with high R:R opportunities for buyers.
The stop loss is judiciously set below the latest wick at 3,304.40, safeguarding against manipulation while having the best risk exposure.
The target one (TP1) is at 3,319.70, corresponding to intraday liquidity and recent supply reaction. The second target (TP2) goes up to 3,325.90, a major high where external liquidity would most likely be absorbed before any major change.
This is on the basis of:
A confirmed bullish BOS
Demand zone + OB alignment
Imbalance + inducement layer barely underneath the entry
No indication of bearish turn yet
We expect retest of demand and a move on to liquidity, given the zone is sustained and no bearish BOS is witnessed.
???? Trade Parameters:
Entry Zone: 3,314.00 – 3,311.50
SL: 3,304.40 (below OB)
TP1: 3,319.70
TP2: 3,325.90
Bias: Bullish (scalp-to-swing)
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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.
Unlock your winning setups Grab them FREE and level up your trades! 🔥 No strings attached, just pure profit potential! t.me/+MHVk0E7vVpxiOTc8
Related publications
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.