Price formed an extended M pattern in premium territory, sweeping buyside liquidity at 197.473. A clean structural break followed the second peak, confirming bearish intent and shifting narrative downward. Entry was taken post-break, with a protective alert set at 197.613 to manage invalidation risk. Targeting 196.744—the upper third of the discount zone—this trade capitalizes on liquidity engineering, structure alignment, and session timing for a high-probability move toward sellside draw.
Trade closed: target reached
Trade Closed To Full TP. Textbook trade after NY session had began 
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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.