Price is currently tapping into a 4H supply zone around 3353–3360, a strong area of previous sell-off and imbalance. We're expecting a potential reaction and rejection from this area, aligning with the following SMC confluences:
🔻 SMC Confluences:
Price swept short-term liquidity above previous highs (liquidity grab).
Price now tapping into a mitigation zone within premium pricing.
Bearish order block aligned around 3360.
FVG (Fair Value Gap) filled between 3345–3360.
Fibonacci 0.5–0.618 zone respected.
🎯 Sell Setup:
Entry: 3355–3360 (Confirmed reaction)
SL: Above 3373 zone (liquidity sweep buffer)
TP1: 3343 (short-term structure)
TP2: 3309 (previous support)
TP3: 3288 (strong 4H demand)
📌 Watch for M15–H1 bearish CHoCH (Change of Character) or BOS (Break of Structure) as confirmation before entry.
🔻 SMC Confluences:
Price swept short-term liquidity above previous highs (liquidity grab).
Price now tapping into a mitigation zone within premium pricing.
Bearish order block aligned around 3360.
FVG (Fair Value Gap) filled between 3345–3360.
Fibonacci 0.5–0.618 zone respected.
🎯 Sell Setup:
Entry: 3355–3360 (Confirmed reaction)
SL: Above 3373 zone (liquidity sweep buffer)
TP1: 3343 (short-term structure)
TP2: 3309 (previous support)
TP3: 3288 (strong 4H demand)
📌 Watch for M15–H1 bearish CHoCH (Change of Character) or BOS (Break of Structure) as confirmation before entry.
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