CHF/JPY - Bullish Reversal SetupCHF/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! 🚀