Strategy: Smart Money Concepts (SMC)
Market Structure Overview
Current Bias: Bullish retracement/reversal setup
Previous Structure: Bearish flow recently broke short-term lows but failed to push further down
Shift in Momentum: Price has reacted strongly off a fresh bullish Order Block (OB), indicating possible CHoCH forming
Key Levels & SMC Zones
Entry Zone (Demand Zone)
Type: Bullish OB / Demand Block
Zone Range: 1.16950 – 1.17100
Confluence:
Clean bullish OB from previous low
Aligns with recent inefficiency and BOS
Mitigation of M15 imbalance and H1 OB zone
Entry Trigger: Look for bullish rejection, engulfing candle, or BOS on M15/M5 for confirmation
Supply Zone (Target Zone)
Type: H1-H4 Bearish OB (Refined Supply)
Zone Range: 1.17750 – 1.17900
Target Area: Potential TP zone or reversal sell zone if trend fails continuation
Entry & Execution Plan
Buy Entry: 1.1700 area inside OB (tight stop loss below OB low)
Confirmation: M5/M15 bullish structure shift or engulfing candle
SL: ~10–15 pips below OB (or recent wick low)
TP1: 1.17500 (pre-supply inefficiency)
TP2: 1.17800–1.17900 (main supply target)
Invalidation Level
Break below: 1.16850
Reason: Loss of OB structure → invalidates bullish setup
New Bias: Reassess for short setup if a BOS to the downside occurs and liquidity sweep is confirmed
Target Structure
TP1 (Safe Exit): 1.17500 — to reduce exposure before hitting supply
TP2 (Main): 1.17850 — retest of OB supply
Optional TP3: 1.18050 — if momentum confirms strong continuation
Confidence Rating: 8.3/10
Confluence of OB + imbalance fill
Liquidity resting above current price
Clear bullish shift from low liquidity zone
Price reaction suggests institutional interest
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