CHF/JPY - Bullish Reversal Setup 📈
1D Chart | Smart Money Concept (SMC) | Supply & Demand Strategy
📊 Market Analysis:
Change of Character (CHoCH): A structural shift indicates a potential reversal from bearish to bullish.
Order Block (OB) & Demand Zone: Price has tapped into a strong demand zone, suggesting institutional buying.
Sell-Side Liquidity (SSL) Taken: Liquidity below previous lows has been grabbed, clearing stop-loss orders and fueling a bullish move.
Buy-Side Liquidity (BSL) & Equal Highs (EQH) Target: Price is expected to push up towards the buy-side liquidity resting at equal highs.
📌 Trade Plan:
✅ Entry: After liquidity sweep at SSL & OB reaction
🎯 Target: BSL at 175.826 (Equal Highs)
📉 Invalidation: Below demand zone if structure shifts bearish
📢 Conclusion:
This setup follows the Smart Money Concept (SMC) with a focus on liquidity grabs and supply & demand dynamics. If the demand zone holds, we expect a bullish move towards liquidity at the highs.
📍 What do you think about this setup? Let me know in the comments! 🚀
1D Chart | Smart Money Concept (SMC) | Supply & Demand Strategy
📊 Market Analysis:
Change of Character (CHoCH): A structural shift indicates a potential reversal from bearish to bullish.
Order Block (OB) & Demand Zone: Price has tapped into a strong demand zone, suggesting institutional buying.
Sell-Side Liquidity (SSL) Taken: Liquidity below previous lows has been grabbed, clearing stop-loss orders and fueling a bullish move.
Buy-Side Liquidity (BSL) & Equal Highs (EQH) Target: Price is expected to push up towards the buy-side liquidity resting at equal highs.
📌 Trade Plan:
✅ Entry: After liquidity sweep at SSL & OB reaction
🎯 Target: BSL at 175.826 (Equal Highs)
📉 Invalidation: Below demand zone if structure shifts bearish
📢 Conclusion:
This setup follows the Smart Money Concept (SMC) with a focus on liquidity grabs and supply & demand dynamics. If the demand zone holds, we expect a bullish move towards liquidity at the highs.
📍 What do you think about this setup? Let me know in the comments! 🚀
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.
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.