🧠 Trading Idea - Saudi Ceramic (2040) | Monthly Chart with Inverted FVG
🔍 Chart Context:
Price has reacted from a Monthly Inverted Fair Value Gap (IFVG [M]), 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 [M] = Zone of Previous Supply / Institutional Sell Orders – price rejected sharply from there.
🟦 FVG [M] = 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 [M] 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.
🔍 Chart Context:
Price has reacted from a Monthly Inverted Fair Value Gap (IFVG [M]), 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 [M] = Zone of Previous Supply / Institutional Sell Orders – price rejected sharply from there.
🟦 FVG [M] = 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 [M] 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.
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and discipline—turning probabilities into profitability!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am an SMC & ICT Master, specializing in Market Structure, Liquidity, and Order Flow. With a razor-sharp focus on precision trading, I navigate the markets with strategy and discipline—turning probabilities into profitability!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.