Why the Bias is Bearish
Price has tapped into a 1H Order Block (OB) at a premium level – a potential area where Smart Money may start selling or close previous long positions.
A move down is expected to fill the 1H Fair Value Gap (FVG) – rebalancing price inefficiency from the previous impulsive move.
The projected structure shows a Lower High forming before a Lower Low, indicating a temporary bearish move.
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Conclusion
Today’s bias is bearish in the short term, based on Smart Money Concepts (SMC).
However, this move is likely just a retracement to fill the FVG, with a possible bullish continuation afterward (reaccumulation).
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Disclaimer
This analysis is provided for educational purposes only and does not constitute financial advice. Trading in the financial markets involves significant risk, and you should always do your own research and use proper risk management. Past performance does not guarantee future results.
Price has tapped into a 1H Order Block (OB) at a premium level – a potential area where Smart Money may start selling or close previous long positions.
A move down is expected to fill the 1H Fair Value Gap (FVG) – rebalancing price inefficiency from the previous impulsive move.
The projected structure shows a Lower High forming before a Lower Low, indicating a temporary bearish move.
---
Conclusion
Today’s bias is bearish in the short term, based on Smart Money Concepts (SMC).
However, this move is likely just a retracement to fill the FVG, with a possible bullish continuation afterward (reaccumulation).
---
Disclaimer
This analysis is provided for educational purposes only and does not constitute financial advice. Trading in the financial markets involves significant risk, and you should always do your own research and use proper risk management. Past performance does not guarantee future results.
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.
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.