Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: 15M
1: Swing Structure: Bullish with BOS after taking the inducement. Bullish impulsive swing move starts making a pullback in the internal structure POI liquidity zone. External POI OB FVG already taken from the discounted area.
🟢 Entry Model: Whale scoop
Support liquidity demand area might act as a reversal zone.
2: Pattern
🟢 CHART PATTERNS: No chart pattern is formed. Shakeout continuation.
🟢 CANDLE PATTERNS: No significant candle pattern here.
3: Volume: Volume is almost dry during the whole corrective move, but we observed huge volume when the price takes liquidity or forms a false breakout.
4: Momentum RSI
🟢 RSI is still in the bullish zone, taking support on the extreme bullish support 40 level. No range shift yet and not any bullish support divergence. A bearish loud move makes some doubt, but it will confirm when the price gives a proper breakout on any side in this momentum range.
5: Volatility Bollinger Bands
🟢 A strong contraction is forming. This contraction breakout will confirm the proper move.
6: Strength: USD is still weaker.
7: Sentiment: Buy for the short term.
✔️ Entry Time Frame: 15M
✅ Entry TF Structure: Bullish
✔ Entry time liquidity take waiting
💡 Decision: Buy
🚀 Entry: 157.170
✋ Stop Loss: 156.890
🎯 Take Profit: 158.275
😊 Risk to Reward Ratio: 4RR
🕛 Expected Duration: 1 Day
Short SUMMARY: Analysis supports a strong buy position based on the Smart Money Concepts methodology, with expected bullish momentum and high potential reward.
😇7 Dimension Analysis
Time Frame: 15M
1: Swing Structure: Bullish with BOS after taking the inducement. Bullish impulsive swing move starts making a pullback in the internal structure POI liquidity zone. External POI OB FVG already taken from the discounted area.
🟢 Entry Model: Whale scoop
Support liquidity demand area might act as a reversal zone.
2: Pattern
🟢 CHART PATTERNS: No chart pattern is formed. Shakeout continuation.
🟢 CANDLE PATTERNS: No significant candle pattern here.
3: Volume: Volume is almost dry during the whole corrective move, but we observed huge volume when the price takes liquidity or forms a false breakout.
4: Momentum RSI
🟢 RSI is still in the bullish zone, taking support on the extreme bullish support 40 level. No range shift yet and not any bullish support divergence. A bearish loud move makes some doubt, but it will confirm when the price gives a proper breakout on any side in this momentum range.
5: Volatility Bollinger Bands
🟢 A strong contraction is forming. This contraction breakout will confirm the proper move.
6: Strength: USD is still weaker.
7: Sentiment: Buy for the short term.
✔️ Entry Time Frame: 15M
✅ Entry TF Structure: Bullish
✔ Entry time liquidity take waiting
💡 Decision: Buy
🚀 Entry: 157.170
✋ Stop Loss: 156.890
🎯 Take Profit: 158.275
😊 Risk to Reward Ratio: 4RR
🕛 Expected Duration: 1 Day
Short SUMMARY: Analysis supports a strong buy position based on the Smart Money Concepts methodology, with expected bullish momentum and high potential reward.
Trade closed: stop reached
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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.