After a clean shift in structure marked by a CHoCH and subsequent BOS, price retraced into a clear supply zone—offering a high-probability short setup. Here's how the setup unfolded:
🧠 Trade Rationale
Break of Structure (BOS): Price broke below a key higher low, confirming a bearish structure.
Change of Character (CHoCH): Signaled the end of bullish momentum earlier in the sequence.
Supply Zone: Price retraced into a well-defined supply area (aligned with imbalance and prior support turned resistance).
Entry: Short taken as price tapped into the supply and failed to make a new high—further confirmed by a lower timeframe CHoCH.
Target: Aiming for the next BOS level below, aligning with clean equal lows/liquidity draw.
🔍 Key Concepts Highlighted
Structure-based trading with CHoCH and BOS labeling.
Supply zone entries based on price action confirmation.
Risk-to-reward driven decision-making (tight SL above supply, TP near next demand).
💬 What do you think? Do you wait for confirmation within supply, or enter at touch?
Let’s discuss—drop your thoughts and feedback!
🧠 Trade Rationale
Break of Structure (BOS): Price broke below a key higher low, confirming a bearish structure.
Change of Character (CHoCH): Signaled the end of bullish momentum earlier in the sequence.
Supply Zone: Price retraced into a well-defined supply area (aligned with imbalance and prior support turned resistance).
Entry: Short taken as price tapped into the supply and failed to make a new high—further confirmed by a lower timeframe CHoCH.
Target: Aiming for the next BOS level below, aligning with clean equal lows/liquidity draw.
🔍 Key Concepts Highlighted
Structure-based trading with CHoCH and BOS labeling.
Supply zone entries based on price action confirmation.
Risk-to-reward driven decision-making (tight SL above supply, TP near next demand).
💬 What do you think? Do you wait for confirmation within supply, or enter at touch?
Let’s discuss—drop your thoughts and feedback!
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.