We’re tracking a textbook Smart Money Concept (SMC) long setup on EURJPY, 30M timeframe, with clear structure shift and clean OB entry. Here's the full breakdown for traders:
🔄 Market Structure Shift:
Major bearish trend visible from previous candles.
Sharp rejection followed by a Change of Character (CHoCH) indicating possible bullish reversal.
🧱 Order Block Zone:
Price swept liquidity to the downside and tapped into a marked Bullish Order Block at 162.195–162.266.
Entry triggered within this OB zone, with tight risk placement below Strong Low.
🔁 Entry Setup:
Entry: Inside OB at 162.266
Stop Loss: Just below the OB at 162.195 (Strong Low protected)
TP1: 70.50% retracement near 162.650
TP2: Full Buy Side Liquidity sweep @ 162.768 (Weak High Targeted)
🧮 RRR (Risk-to-Reward):
Approximate RRR: 1:6+ — High probability trade if market structure follows through.
🧲 Key Levels Highlighted:
🔹 CHoCH confirms shift to bullish
🔹 OB Zone: High confluence with liquidity grab + candle imbalance
🔹 Buy Side Liquidity: Obvious target for institutions
🔹 Weak High: Ready to be taken out
📈 What To Watch For:
Bullish continuation towards 162.768
Strong impulsive move breaking above minor resistance
Potential re-entries on lower TF OBs (5M–15M)
🧠 Pro Tip for Traders:
Don’t chase—wait for CHoCH + OB confirmation combo. This type of setup works best when confluence aligns: OB + CHoCH + liquidity sweep = 🔥
🔄 Market Structure Shift:
Major bearish trend visible from previous candles.
Sharp rejection followed by a Change of Character (CHoCH) indicating possible bullish reversal.
🧱 Order Block Zone:
Price swept liquidity to the downside and tapped into a marked Bullish Order Block at 162.195–162.266.
Entry triggered within this OB zone, with tight risk placement below Strong Low.
🔁 Entry Setup:
Entry: Inside OB at 162.266
Stop Loss: Just below the OB at 162.195 (Strong Low protected)
TP1: 70.50% retracement near 162.650
TP2: Full Buy Side Liquidity sweep @ 162.768 (Weak High Targeted)
🧮 RRR (Risk-to-Reward):
Approximate RRR: 1:6+ — High probability trade if market structure follows through.
🧲 Key Levels Highlighted:
🔹 CHoCH confirms shift to bullish
🔹 OB Zone: High confluence with liquidity grab + candle imbalance
🔹 Buy Side Liquidity: Obvious target for institutions
🔹 Weak High: Ready to be taken out
📈 What To Watch For:
Bullish continuation towards 162.768
Strong impulsive move breaking above minor resistance
Potential re-entries on lower TF OBs (5M–15M)
🧠 Pro Tip for Traders:
Don’t chase—wait for CHoCH + OB confirmation combo. This type of setup works best when confluence aligns: OB + CHoCH + liquidity sweep = 🔥
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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.