Set TP at 37800.0

🚀 Understanding Break of Structure (BoS) in SMC 📈

🤔 What is Break of Structure (BoS)?

- BoS is a key concept in forex trading. It's when price decisively breaks past Highs (in a uptrend) & Lows (in a downtrend) showing continuation of current trend. 💡

🔶 BoS in an Uptrend & What It Means

- In an uptrend, BoS occurs when price breaks above prior weak resistance (High). This suggests Buyers still holding the momentum & pushing price higher.📉

🔶 BoS in a Downtrend & What It Means

- In an downtrend, BoS occurs when price breaks below prior weak support (Low). This suggests Sellers still holding the momentum & pushing price lower. 📈

📌 Validating BoS

Confirmation: Wait for multiple closes above (uptrend) or below (downtrend) the swing. 👀

Candle body close: Always check for body close above or below the swing which signifies that break is strong. ✅

Multi-timeframe analysis: Look at Higher timeframes to better understand the bigger picture of your current trend. 📊

Remember, BoS is one tool among many. Always manage risk and use it alongside other analysis methods. 🛡

📚To get basic knowledge about forex get our e-book Sure Profit Trading Secrets!

🔍 Understanding Change of Character (CHoCH) in SMC 🌐

🤔 What is Change of Character (CHoCH)?

- The Change of character in trading represents the trend reversal in the market after a break of Highs/Lows. 🔄

🔷 CHoCH in an Uptrend & Its Significance

- In an uptrend, CHoCH shows slowing bullish momentum, hinting at a trend change. Beware when considering new long positions. 📉

🔷 CHoCH in a Downtrend & Its Significance

In a downtrend, CHoCH suggests weakening bearish momentum. It could signal a trend reversal or consolidation. 📈

📌 Identifying Valid CHoCH

Confirmation: Wait for multiple closes above (uptrend) or below (downtrend) the swing. 👀

Candle body close: Always check for body close above or below the swing which signifies that break is strong. ✅

Multi-timeframe analysis: Look at Higher timeframes to better understand the bigger picture of your current trend. 📊

CHoCH is a useful tool when combined with other analysis methods. Manage risk wisely. ⚖️

📚To get basic knowledge about forex get our e-book Sure Profit Trading Secrets!

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NAS100 BUY 17157.1

SL: 16989.5
TP: 17820.8
--Trade by Julian