=> Based on the SMC analysis, the internal swing structure is broken
the latest supply zone and formed new CHOCH i.e., the reversal is
confirmed by creating the market structure shift
=> After created the MSS, Now it is in the retracement mode
=> We expect that the retracement level will be the FVG Area (between 128 & 132)
=> For best risk/reward, we can wait and take entry at the retracement level
for the target of next supply zone 146/149
=> Stop Loss is around 124.50 on closing basis
== EDUCATIONAL PURPOSE ONLY ==
the latest supply zone and formed new CHOCH i.e., the reversal is
confirmed by creating the market structure shift
=> After created the MSS, Now it is in the retracement mode
=> We expect that the retracement level will be the FVG Area (between 128 & 132)
=> For best risk/reward, we can wait and take entry at the retracement level
for the target of next supply zone 146/149
=> Stop Loss is around 124.50 on closing basis
== EDUCATIONAL PURPOSE ONLY ==
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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.
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.