SMC (Smart Money Concepts)
Potential BOS (Break of Structure) is forming,
But remember, there needs to be a complete CLOSE above the previous HIGH in order to confirm.
Some signs that we are seeing upside to come are the lower wicks (3 times).
This could be buying pressure from Smart Money as they are sweeping sell side liquidity from Retail traders.
My first target of liquidity will simply be a 50% level between the swing high and swing low (Gann box or Fib level - same thing).
Target 90.00 YEN
Potential BOS (Break of Structure) is forming,
But remember, there needs to be a complete CLOSE above the previous HIGH in order to confirm.
Some signs that we are seeing upside to come are the lower wicks (3 times).
This could be buying pressure from Smart Money as they are sweeping sell side liquidity from Retail traders.
My first target of liquidity will simply be a 50% level between the swing high and swing low (Gann box or Fib level - same thing).
Target 90.00 YEN
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.