SMC Trading point update
Technical analysis of GBPJPY – 1H chart using SMC + structure break + support flip.
⸻
Market Context
• Bias: Bullish continuation
• Strong impulsive move up → market entered consolidation
• Structure shows accumulation above key support
• EMA alignment:
• EMA 50 above EMA 200
• EMA 50 acting as dynamic support
⸻
What the Market Did
• After the impulsive rally, price formed a descending corrective structure
• That structure was broken to the upside → bullish BOS
• Price is now holding above a key support zone (blue area)
This signals re-accumulation, not distribution.
⸻
Key Support / Demand Zone (Blue Area)
~210.20 – 210.60
Why this zone matters:
• Previous resistance → support flip
• Multiple reactions (acceptance)
• EMA 50 sitting inside the zone
• Liquidity sweep below support → quick recovery
This is where buyers are defending positions.
⸻
Trade Idea (Continuation Long)
Buy on pullback or buy on confirmation
• Entry: 210.30 – 210.60
• Stop Loss: Below support (~209.90)
• Targets:
• TP1: 211.50 (recent high)
• TP2: 212.60
• Final TP: 213.30 – 213.50 (marked target point / liquidity above highs)
Risk–Reward: ~1:3+
⸻
Confirmation Triggers
Best confirmations:
• Bullish engulfing candle from support
• Strong rejection wick (liquidity grab)
• Lower-TF CHoCH
• Momentum expansion after pullback
⸻
Invalidation
• 1H close below ~209.90
• Acceptance below EMA 50 + support zone
If this happens → bullish continuation idea is invalid, and price may rotate deeper.
⸻ Mr SMC Trading point
Summary
This setup is a classic bullish continuation after consolidation:
• Trend intact
• Structure break
• Support flip + EMA confluence ✔
Please support boost this analysis
Technical analysis of GBPJPY – 1H chart using SMC + structure break + support flip.
⸻
Market Context
• Bias: Bullish continuation
• Strong impulsive move up → market entered consolidation
• Structure shows accumulation above key support
• EMA alignment:
• EMA 50 above EMA 200
• EMA 50 acting as dynamic support
⸻
What the Market Did
• After the impulsive rally, price formed a descending corrective structure
• That structure was broken to the upside → bullish BOS
• Price is now holding above a key support zone (blue area)
This signals re-accumulation, not distribution.
⸻
Key Support / Demand Zone (Blue Area)
~210.20 – 210.60
Why this zone matters:
• Previous resistance → support flip
• Multiple reactions (acceptance)
• EMA 50 sitting inside the zone
• Liquidity sweep below support → quick recovery
This is where buyers are defending positions.
⸻
Trade Idea (Continuation Long)
Buy on pullback or buy on confirmation
• Entry: 210.30 – 210.60
• Stop Loss: Below support (~209.90)
• Targets:
• TP1: 211.50 (recent high)
• TP2: 212.60
• Final TP: 213.30 – 213.50 (marked target point / liquidity above highs)
Risk–Reward: ~1:3+
⸻
Confirmation Triggers
Best confirmations:
• Bullish engulfing candle from support
• Strong rejection wick (liquidity grab)
• Lower-TF CHoCH
• Momentum expansion after pullback
⸻
Invalidation
• 1H close below ~209.90
• Acceptance below EMA 50 + support zone
If this happens → bullish continuation idea is invalid, and price may rotate deeper.
⸻ Mr SMC Trading point
Summary
This setup is a classic bullish continuation after consolidation:
• Trend intact
• Structure break
• Support flip + EMA confluence ✔
Please support boost this analysis
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Disclaimer
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(Services:✔️ JOIN Telegram channel
t.me/+BLfaeRJ48BBmNjM8
t.me/+BLfaeRJ48BBmNjM8
t.me/+BLfaeRJ48BBmNjM8
Join my recommended broker , link 👇
World best broker exness ✅D
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t.me/+BLfaeRJ48BBmNjM8
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t.me/+BLfaeRJ48BBmNjM8
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
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.
