Price formed a CHoCH after sweeping sell-side liquidity near 0.1300, followed by multiple bullish BOS confirming a trend reversal. The current structure is forming HHs and HLs.
Price has entered the premium zone, and I am expecting a retracement into the 0.1400–0.1370 Fair Value Gap (FVG), which aligns with a previous BOS zone and equilibrium level. This is a key POI where Smart Money is likely to re-enter.
**Trade Setup**
- **Entry Zone**: 0.1400 – 0.1370 (FVG + EQ)
- **Stop Loss**: Below 0.1340 (under demand zone)
- **TP1**: 0.1455 (previous high hit)
- **TP2**: 0.1500
- **TP3**: 0.1550–0.1600 (supply zone)
I will monitor lower timeframe CHoCH or bullish confirmation within the POI to execute this idea.
This trade plan respects risk management and Smart Money narrative: liquidity grab, displacement, FVG mitigation, and entry from discount pricing.
http://dlvr.it/TLWdRQ