📊 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…. ;)
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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.
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.