📊 SMC Analysis – Bullish Opportunity on GOLD
🔎 Technical Context
1. Resistance Zone (OB-15):
Price reacted strongly at the 15M Order Block resistance, showing distribution.
2. Fake Out + BOS:
After the distribution, the market created a fake out to grab liquidity, followed by a Break of Structure (BOS), signaling bullish intention.
3. Expected Rejection at Support:
The plan is to wait for a reaction at the support zone, which aligns with the structure shift after the ChoCh (Change of Character).
4. FVG – 1H:
The Fair Value Gap on the 1H chart reinforces the idea that price seeks to rebalance before continuing higher.
🎯 Trade Plan
• Entry: At the rejection zone (support + BOS).
• Stop Loss (SL): Below the support zone for protection.
• Take Profit (TP): Targeting 3,664, with a 2:1 risk-to-reward ratio, aiming for liquidity above the resistance area.
📌 Key Idea
The market is likely accumulating orders to push upward, trapping sellers at resistance and reaching the 3,664 target. GOOD LUCK TRADERS…. ;)
🔎 Technical Context
1. Resistance Zone (OB-15):
Price reacted strongly at the 15M Order Block resistance, showing distribution.
2. Fake Out + BOS:
After the distribution, the market created a fake out to grab liquidity, followed by a Break of Structure (BOS), signaling bullish intention.
3. Expected Rejection at Support:
The plan is to wait for a reaction at the support zone, which aligns with the structure shift after the ChoCh (Change of Character).
4. FVG – 1H:
The Fair Value Gap on the 1H chart reinforces the idea that price seeks to rebalance before continuing higher.
🎯 Trade Plan
• Entry: At the rejection zone (support + BOS).
• Stop Loss (SL): Below the support zone for protection.
• Take Profit (TP): Targeting 3,664, with a 2:1 risk-to-reward ratio, aiming for liquidity above the resistance area.
📌 Key Idea
The market is likely accumulating orders to push upward, trapping sellers at resistance and reaching the 3,664 target. GOOD LUCK TRADERS…. ;)
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.