📊 SMC Analysis – Bullish Continuation Trade
✅ Context
The market already came from a bullish trade that created new highs. Now we see a distribution phase and a strong support zone around 3,638–3,640.
✅ Key points
• A ChoCh followed by a short-term BOS downwards, but support is still intact.
• A fake out at the support zone cleared liquidity.
• Next, a rejection is expected at the same level.
✅ Entry
A potential entry is on the retracement of the fake out, once rejection is confirmed.
✅ Projection
If support holds, price could target a new Higher High (HH) at 3,675, continuing the bullish momentum.
⚠️ Note: If support breaks, price may dip lower to grab liquidity (3,620–3,625).
GOOD LUCK TRADERS… ;)
✅ Context
The market already came from a bullish trade that created new highs. Now we see a distribution phase and a strong support zone around 3,638–3,640.
✅ Key points
• A ChoCh followed by a short-term BOS downwards, but support is still intact.
• A fake out at the support zone cleared liquidity.
• Next, a rejection is expected at the same level.
✅ Entry
A potential entry is on the retracement of the fake out, once rejection is confirmed.
✅ Projection
If support holds, price could target a new Higher High (HH) at 3,675, continuing the bullish momentum.
⚠️ Note: If support breaks, price may dip lower to grab liquidity (3,620–3,625).
GOOD LUCK TRADERS… ;)
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.
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.