๐ 2222 โ Saudi Arabian Oil Co | Long Idea โ Monthly Chart Analysis
Price has reached a Monthly Demand Zone, where strong historical buying interest was seen. After a consistent downtrend, we are now approaching a potential accumulation zone.
๐ฆ Trade Idea:
Entry Zone: 23.90 โ 25.50 (within Monthly Demand)
Stop Loss: Below 22.30 (Monthly swing low)
Target 1: 30.35 (Monthly Fair Value Gap โ FVG)
Risk:Reward: Excellent potential with ~17.6% upside
๐ Narrative: This setup aligns with Smart Money Concepts (SMC) and ICT methodology:
Liquidity sweep at the low
Reversal from Demand
Targeting FVG imbalance above
โค๏ธ A potential bullish move is anticipated, tapping into premium pricing around 30.35, which may act as a magnet for price.
๐ Watch for bullish confirmation candle or a shift in structure (CHoCH) on lower timeframes for refined entry.
Price has reached a Monthly Demand Zone, where strong historical buying interest was seen. After a consistent downtrend, we are now approaching a potential accumulation zone.
๐ฆ Trade Idea:
Entry Zone: 23.90 โ 25.50 (within Monthly Demand)
Stop Loss: Below 22.30 (Monthly swing low)
Target 1: 30.35 (Monthly Fair Value Gap โ FVG)
Risk:Reward: Excellent potential with ~17.6% upside
๐ Narrative: This setup aligns with Smart Money Concepts (SMC) and ICT methodology:
Liquidity sweep at the low
Reversal from Demand
Targeting FVG imbalance above
โค๏ธ A potential bullish move is anticipated, tapping into premium pricing around 30.35, which may act as a magnet for price.
๐ Watch for bullish confirmation candle or a shift in structure (CHoCH) on lower timeframes for refined entry.
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and disciplineโturning probabilities into profitability!
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Penafian
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I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and disciplineโturning probabilities into profitability!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.