$2,942.47, showing slight intraday bearish pressure.
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🧠 Smart Money Concepts (SMC) Elements:
🔵 DEMAND ZONE (Left Circle):
Price previously consolidated and accumulated liquidity.
Followed by a bullish rally, confirming institutional demand in that zone.
Key origin point for bullish sentiment.
🟩 OB (Order Block):
Identified before the last bearish move, now acting as price magnet.
Price reacted from this area before reversing higher—typical smart money footprint.
🟦 SUPPORT Zone:
Located around $2,500–$2,700, acting as a retested support level.
Strong bullish rejection wick in that zone supports its strength.
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📈 Trade Plan (Long Bias):
🔽 Entry Zone:
Near $2,955.73, slightly above current price.
Price is expected to retest this zone (possibly via a small pullback) before continuing upward.
🔺 Target Zone:
Marked around $3,927.98.
This is the projected take profit level, with structure suggesting a bullish breakout continuation.
🛑 Stop-Loss:
Set below $2,540.23, under support structure.
Invalidates the setup if price closes below it.
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📊 Risk-to-Reward (R:R):
Favorable R:R ratio, roughly 1:3 or better.
Trade aligns with market structure and institutional logic.
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🧾 Summary:
Parameter Value
Bias Long (Bullish)
Entry $2,955.73 (Zone)
Stop-Loss Below $2,540.23
Target $3,927.98
Strategy Break and Retest + SMC Order Block
Confidence High (Clean Structure, Demand-backed)
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