📊 Bullish SMC Analysis – GOLD
1. Resistance Break & Confirmation
Waiting for a clean breakout above the resistance zone to confirm bullish intention.
2. Liquidity Grab (Fake Out)
A fake out is expected after the breakout, designed to trap sellers and sweep liquidity.
3. Rejection Entry
Entry would be ideal at the rejection from the liquidity grab, aligning with institutional order flow.
4. Support Zone & Stop Loss
Stop loss is wisely placed below the support zone, giving the trade structure-based protection.
5. Targeting New Highs (HH)
Once rejection confirms, the momentum should aim toward new highs with the next target at 3,785.
✅ Conclusion: This plan is perfectly aligned with institutional footprints — waiting patiently for confirmation, entering on rejection, and protecting the position with a clean SL under support. Excellent setup for a high R:R trade. GOOD LUCK TRADERS ;)
1. Resistance Break & Confirmation
Waiting for a clean breakout above the resistance zone to confirm bullish intention.
2. Liquidity Grab (Fake Out)
A fake out is expected after the breakout, designed to trap sellers and sweep liquidity.
3. Rejection Entry
Entry would be ideal at the rejection from the liquidity grab, aligning with institutional order flow.
4. Support Zone & Stop Loss
Stop loss is wisely placed below the support zone, giving the trade structure-based protection.
5. Targeting New Highs (HH)
Once rejection confirms, the momentum should aim toward new highs with the next target at 3,785.
✅ Conclusion: This plan is perfectly aligned with institutional footprints — waiting patiently for confirmation, entering on rejection, and protecting the position with a clean SL under support. Excellent setup for a high R:R trade. GOOD LUCK TRADERS ;)
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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.
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.