Trading Idea - Saudi Ceramic (2040) | Monthly Chart with Inverte🧠 Trading Idea - Saudi Ceramic (2040) | Monthly Chart with Inverted FVG
🔍 Chart Context:
Price has reacted from a Monthly Inverted Fair Value Gap (IFVG ), indicating a potential premium-level supply zone.
This rejection confirms sellers’ presence at the premium pricing zone, causing a sharp drop.
Price has returned to the discount zone, inside the Monthly FVG (Buy Side Imbalance Sell Side Inefficiency - BISI), offering a potential long opportunity.
📌 Key Technical Concepts:
✅ IFVG = Zone of Previous Supply / Institutional Sell Orders – price rejected sharply from there.
🟦 FVG = Current demand zone (discount area) with potential to support a reversal.
Liquidity above 54.3 SAR remains untouched, showing a magnet for future price movement.
📈 Trade Plan:
Accumulate in the FVG zone (28–30 SAR).
Watch for bullish confirmation (e.g., engulfing candles or internal BOS).
Ride the move towards Buy Side Liquidity @ 54.3 SAR.
🎯 Target Zones:
TP1: 36 SAR (range high retest)
TP2: 48 SAR (pre-IFVG reaction zone)
TP3: 54.3 SAR (BSL target – possible liquidity sweep)
📉 Stop Loss: Below 24 SAR (FVG invalidation zone)
💬 Narrative Summary:
Price was rejected from the Monthly IFVG (supply), now resting in a Monthly FVG (demand). This is a classic Discount → Premium cycle setup, with potential for a bullish reversal targeting Buy Side Liquidity above the recent highs.
