Price around 7500 suggests premium pricing in a bearish distribution phase. Smart Money Concepts highlight an internal shift of structure, indicating potential downside delivery. Liquidity resting below recent swing lows at 7200 serves as the primary draw. A pullback into a bearish FVG or order block could offer optimal short entries as the market seeks to sweep the sell-side liquidity at 7200.
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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.