1. Chart Reading According to SMC
Structure Analysis:
• Major BOS: Confirmed bullish structure around April 10 after the rally from FVG.
• Minor BOS & OBs: Price formed lower highs and lower lows near the 1.1450–1.1500 zone.
• Major CHoCH (Change of Character): Marked clearly around the last day low, confirming shift
to bearish structure.
• Liquidity Sweeps: Price swept the daily low and reacted — indicating smart money
accumulation at a key level.
Key SMC Zones:
• OB (Bearish): 1.1380–1.1430 zone — price likely to reject here.
• OB (Bullish): ~1.1265–1.1300 (reacted twice).
• FVG: Older demand imbalance marked earlier in the rally (around 1.0940–1.1000).
⸻
2. Marked Points in Chart
• Major BoS / CHoCH: Structural shifts defining directional bias.
• D1 TP (1.1300): A take-profit level around the midpoint of a larger daily leg.
• Last Day High / Low: Defined for internal liquidity targeting.
• OBs & Liquidity Zones: Precisely mapped for institutional activity clues.
⸻
3. Swing High & Low of the Day
• Swing High: 1.13420 (Last day high zone).
• Swing Low: 1.12652 (Last day low, also tapped for liquidity sweep).
These are intraday reference points for short-term setups.
⸻
4. Trade Direction
• Current HTF Bias: Bearish (post major CHoCH & OB rejections).
• However, price is currently reacting from a demand zone near 1.1265.
• Short-Term Direction: Bullish retracement toward 1.1340–1.1380, possibly to mitigate OB or
FVG.
⸻
5. Best Risk-Reward Setup
Setup: Buy the retracement from demand (reactive long).
• Entry: 1.1270–1.1285 (OB demand + liquidity sweep)
• SL: Below 1.1260
• TP1: 1.1340 (last day high)
• TP2: 1.1380 (upper OB/fill FVG)
• RRR:
• TP1: ~1:3
• TP2: ~1:5
OR
Setup: Wait for price to reach OB at 1.1380, then go short.
• Entry: 1.1380–1.1400
• SL: 1.1430 (above OB)
• TP1: 1.1300 (internal structure)
• TP2: 1.1265 (retest demand)
• RRR: ~1:4
⸻
6. Trade Setups for Multiple Timeframes
5-Minute Setup (Refined Entry within OB):
• Look for CHoCH or internal FVG near 1.1270–1.1285 (bullish confirmation).
• Entry after candle body closes above last bearish candle.
• SL: Below 1.1260
• TP: 1.1340 (intraday high).
1H Setup:
• Wait for price to retrace and form FVG or CHoCH inside 1.1265–1.1280.
• Enter long on bullish engulfing/OB mitigation.
• TP: 1.1340–1.1380
• SL: Below OB.
4H Setup:
• Trend is bearish, but bullish pullback expected.
• Either take the long into OB or wait to short at 1.1380.
⸻
7. CRT Model Evaluation
• C – Context: Market just made a major CHoCH, but reacted from a demand OB with a liquidity
sweep.
• R – Retracement: Price is retracing into premium zones — near 50% of the daily range.
• T – Trend Continuation: Expect bearish continuation from the 1.1380 zone, unless price breaks
structure.
⸻
Conclusion
• Short-Term Bias: Bullish retracement toward 1.1340–1.1380.
• Swing Bias: Bearish from OB rejections and structural breaks.
• Best Setup Now: Long from 1.1270–1.1280 → TP 1.1340–1.1380.
• Later Opportunity: Short from 1.1380 → TP back toward 1.1265.
Structure Analysis:
• Major BOS: Confirmed bullish structure around April 10 after the rally from FVG.
• Minor BOS & OBs: Price formed lower highs and lower lows near the 1.1450–1.1500 zone.
• Major CHoCH (Change of Character): Marked clearly around the last day low, confirming shift
to bearish structure.
• Liquidity Sweeps: Price swept the daily low and reacted — indicating smart money
accumulation at a key level.
Key SMC Zones:
• OB (Bearish): 1.1380–1.1430 zone — price likely to reject here.
• OB (Bullish): ~1.1265–1.1300 (reacted twice).
• FVG: Older demand imbalance marked earlier in the rally (around 1.0940–1.1000).
⸻
2. Marked Points in Chart
• Major BoS / CHoCH: Structural shifts defining directional bias.
• D1 TP (1.1300): A take-profit level around the midpoint of a larger daily leg.
• Last Day High / Low: Defined for internal liquidity targeting.
• OBs & Liquidity Zones: Precisely mapped for institutional activity clues.
⸻
3. Swing High & Low of the Day
• Swing High: 1.13420 (Last day high zone).
• Swing Low: 1.12652 (Last day low, also tapped for liquidity sweep).
These are intraday reference points for short-term setups.
⸻
4. Trade Direction
• Current HTF Bias: Bearish (post major CHoCH & OB rejections).
• However, price is currently reacting from a demand zone near 1.1265.
• Short-Term Direction: Bullish retracement toward 1.1340–1.1380, possibly to mitigate OB or
FVG.
⸻
5. Best Risk-Reward Setup
Setup: Buy the retracement from demand (reactive long).
• Entry: 1.1270–1.1285 (OB demand + liquidity sweep)
• SL: Below 1.1260
• TP1: 1.1340 (last day high)
• TP2: 1.1380 (upper OB/fill FVG)
• RRR:
• TP1: ~1:3
• TP2: ~1:5
OR
Setup: Wait for price to reach OB at 1.1380, then go short.
• Entry: 1.1380–1.1400
• SL: 1.1430 (above OB)
• TP1: 1.1300 (internal structure)
• TP2: 1.1265 (retest demand)
• RRR: ~1:4
⸻
6. Trade Setups for Multiple Timeframes
5-Minute Setup (Refined Entry within OB):
• Look for CHoCH or internal FVG near 1.1270–1.1285 (bullish confirmation).
• Entry after candle body closes above last bearish candle.
• SL: Below 1.1260
• TP: 1.1340 (intraday high).
1H Setup:
• Wait for price to retrace and form FVG or CHoCH inside 1.1265–1.1280.
• Enter long on bullish engulfing/OB mitigation.
• TP: 1.1340–1.1380
• SL: Below OB.
4H Setup:
• Trend is bearish, but bullish pullback expected.
• Either take the long into OB or wait to short at 1.1380.
⸻
7. CRT Model Evaluation
• C – Context: Market just made a major CHoCH, but reacted from a demand OB with a liquidity
sweep.
• R – Retracement: Price is retracing into premium zones — near 50% of the daily range.
• T – Trend Continuation: Expect bearish continuation from the 1.1380 zone, unless price breaks
structure.
⸻
Conclusion
• Short-Term Bias: Bullish retracement toward 1.1340–1.1380.
• Swing Bias: Bearish from OB rejections and structural breaks.
• Best Setup Now: Long from 1.1270–1.1280 → TP 1.1340–1.1380.
• Later Opportunity: Short from 1.1380 → TP back toward 1.1265.
Shivam
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.
Shivam
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.