Price is approaching a major higher-timeframe supply zone near 168.000 – 172.000, an area historically respected by institutional sellers.
This zone aligns with a previous price rejection and a trendline resistance visible on a multi-year chart.
Expecting a possible liquidity grab into the zone followed by a sharp rejection.
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🧠 Smart Money Insight:
Possible SMC-style reaction anticipated:
Liquidity inducement above highs
Sharp rejection from seller zone
BOS (Break of Structure) for confirmation
Right-side inset illustration highlights expected distribution before drop.
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🔎 Key Technical Levels:
Supply Zone: 168.000 – 172.000
Current Price: 166.420
Target After Rejection: 150.000 – 148.000
Invalidation Above: 173.500
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🧩 Trading Plan:
Wait for price action confirmation in the supply zone.
Look for M15/H1 shift in structure and strong bearish engulfing patterns.
Risk management is key: Place stop-loss above zone highs.
This zone aligns with a previous price rejection and a trendline resistance visible on a multi-year chart.
Expecting a possible liquidity grab into the zone followed by a sharp rejection.
---
🧠 Smart Money Insight:
Possible SMC-style reaction anticipated:
Liquidity inducement above highs
Sharp rejection from seller zone
BOS (Break of Structure) for confirmation
Right-side inset illustration highlights expected distribution before drop.
---
🔎 Key Technical Levels:
Supply Zone: 168.000 – 172.000
Current Price: 166.420
Target After Rejection: 150.000 – 148.000
Invalidation Above: 173.500
---
🧩 Trading Plan:
Wait for price action confirmation in the supply zone.
Look for M15/H1 shift in structure and strong bearish engulfing patterns.
Risk management is key: Place stop-loss above zone highs.
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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.
Related publications
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.