📈 2222 – Saudi Arabian Oil Co | Long Idea – Monthly Chart Analysis
Price has reached a Monthly Demand Zone, where strong historical buying interest was seen. After a consistent downtrend, we are now approaching a potential accumulation zone.
🟦 Trade Idea:
Entry Zone: 23.90 – 25.50 (within Monthly Demand)
Stop Loss: Below 22.30 (Monthly swing low)
Target 1: 30.35 (Monthly Fair Value Gap – FVG)
Risk:Reward: Excellent potential with ~17.6% upside
📊 Narrative: This setup aligns with Smart Money Concepts (SMC) and ICT methodology:
Liquidity sweep at the low
Reversal from Demand
Targeting FVG imbalance above
❤️ A potential bullish move is anticipated, tapping into premium pricing around 30.35, which may act as a magnet for price.
🔔 Watch for bullish confirmation candle or a shift in structure (CHoCH) on lower timeframes for refined entry.
Price has reached a Monthly Demand Zone, where strong historical buying interest was seen. After a consistent downtrend, we are now approaching a potential accumulation zone.
🟦 Trade Idea:
Entry Zone: 23.90 – 25.50 (within Monthly Demand)
Stop Loss: Below 22.30 (Monthly swing low)
Target 1: 30.35 (Monthly Fair Value Gap – FVG)
Risk:Reward: Excellent potential with ~17.6% upside
📊 Narrative: This setup aligns with Smart Money Concepts (SMC) and ICT methodology:
Liquidity sweep at the low
Reversal from Demand
Targeting FVG imbalance above
❤️ A potential bullish move is anticipated, tapping into premium pricing around 30.35, which may act as a magnet for price.
🔔 Watch for bullish confirmation candle or a shift in structure (CHoCH) on lower timeframes for refined entry.
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.
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.