SMART MONEY CONCEPT (SMC)BREAKDOWN IN EURUSD

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SMART MONEY CONCEPT (SMC)BREAKDOWN IN EURUSDEuro/US DollarFX:EURUSDThe_Best_TradesπŸ”Ž Smart Money Concept (SMC) Breakdown 1. Market Structure Price previously made BOS (Break of Structure) upwards but is now consolidating. Multiple CHoCH (Change of Character) β†’ showing indecision and liquidity grabs. Right now, structure looks like a descending triangle under the diagonal blue resistance line. 2. Liquidity A Weak High is sitting around 1.168–1.170, which means stop-loss liquidity is resting above. Below, liquidity pools exist around 1.1400 and deeper near 1.1200–1.1050 (highlighted demand zones). 3. Supply & Demand Supply zone (sellers): 1.168–1.170 (blue line/diagonal trendline). Demand zone (buyers): 1.1400 – 1.1450 (grey box) and a deeper one at 1.1200–1.1050 (blue zone). --- πŸ“Š Technical Analysis Trendline: Price is being compressed under the descending resistance trendline. Range: EUR/USD is stuck between 1.1400 – 1.1700. Scenario A (Breakout): If bulls break the diagonal resistance + weak high, momentum could shift bullish toward 1.1800+. Scenario B (Rejection): If rejection happens again at 1.168, price may rotate lower into 1.1400 demand zone. --- πŸ“Œ Professional Trading Approach (Advice – not signals) 1. Wait for Confirmation Don’t jump in blindly at resistance/support. Look for either: Break + retest above 1.1700 β†’ only then consider bullish continuation. Bearish rejection candle below 1.168 β†’ potential drop toward 1.1400 zone. 2. Risk Management Always define invalidation levels (where your idea is proven wrong). Risk only 1–2% of account per setup. Minimum Risk-to-Reward = 1:2. 3. Mindset Remember: This chart shows compression, so a big move will likely come soon. Professional traders wait for liquidity grabs and confirmation; they don’t guess.