1. Structure Reading
• The Supply Zone (Order Block) is marked at 173.07 – 173.25 (red boxes).
• Price dropped strongly from this zone → confirming institutional selling pressure.
• A possible Demand Zone / Liquidity Area sits around 171.00 – 170.80.
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2. BOS & CHoCH
• Chart shows clear BOS (Break of Structure) and CHoCH (Change of Character) → trend shifted from bullish to bearish.
• Current price is around 172.20 → mid-zone, not ideal for entries.
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3. RSI Confirmation
• RSI is near 50–53 → neutral, no strong overbought/oversold signal.
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🔑 Trade Plan (SMC-based):
Sell Setup (High-Probability)
• If price revisits 173.00 – 173.25 Supply Zone, look for short entries.
• Target: 171.20 – 171.00
• Stop Loss: Above 173.40
Buy Setup (Countertrend / Riskier)
• If price drops into 171.00 – 170.80 Demand Zone and shows bullish reaction (wick rejection or BOS upwards), you may consider a buy.
• Target: 172.50 – 172.90
• Stop Loss: Below 170.60
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✅ Right now, the best plan is to wait for a Sell setup near 173, since structure is bearish and supply is strong above.
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.