Chart Observation:
Price recently swept Buy-side Liquidity (BSL) near 24,320–24,350 zone.
After the liquidity grab, a sharp rejection confirms institutional sell-side activity.
Market structure is turning bearish as price breaks below minor support near 24,250.
Key SMC Levels:
BSL zone (Trap Zone): 24,320–24,350 (Liquidity grab completed)
Break of Structure (BoS): Below 24,250 confirms bearish bias.
Next Target - Sell-side Liquidity (SSL): 24,100 then 23,950–23,900 zone.
Fair Value Gap (FVG): 24,270–24,300 (can be retested as resistance)
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Trade Setup:
Entry: On pullback to 24,270–24,300 (FVG / bearish OB zone)
Stop Loss: Above 24,360 (above liquidity sweep)
Target 1: 24,100 (nearest SSL)
Target 2: 23,950–23,900 (deeper SSL zone)
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SMC Logic: After sweeping liquidity from buy-side traders, Smart Money is likely shifting to the sell-side to trap late buyers. The impulsive bearish candle confirms order flow shift.
Bias: Bearish
Strategy: Sell the pullback into premium zone
Price recently swept Buy-side Liquidity (BSL) near 24,320–24,350 zone.
After the liquidity grab, a sharp rejection confirms institutional sell-side activity.
Market structure is turning bearish as price breaks below minor support near 24,250.
Key SMC Levels:
BSL zone (Trap Zone): 24,320–24,350 (Liquidity grab completed)
Break of Structure (BoS): Below 24,250 confirms bearish bias.
Next Target - Sell-side Liquidity (SSL): 24,100 then 23,950–23,900 zone.
Fair Value Gap (FVG): 24,270–24,300 (can be retested as resistance)
---
Trade Setup:
Entry: On pullback to 24,270–24,300 (FVG / bearish OB zone)
Stop Loss: Above 24,360 (above liquidity sweep)
Target 1: 24,100 (nearest SSL)
Target 2: 23,950–23,900 (deeper SSL zone)
---
SMC Logic: After sweeping liquidity from buy-side traders, Smart Money is likely shifting to the sell-side to trap late buyers. The impulsive bearish candle confirms order flow shift.
Bias: Bearish
Strategy: Sell the pullback into premium zone
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.
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.