Classical SMC structure

Market Structure and Key Zones
1. Liquidity Zone (LIQ):
- Highlighted at the top where stop-loss orders are potentially clustered. This area serves as a liquidity pool for smart money to target before reversing the price.

2. Change of Character (CH):
- Identified in multiple zones, indicating a shift from bullish to bearish momentum. The initial CH is key to signaling the transition in trend direction.

3. Break of Structure (BOS):
- Occurs twice, confirming the bearish trend continuation. These BOS events validate the structural weakening of bullish momentum.

4. Retracement Zone:
- Post-BOS, the market retraces toward a premium zone (liquidity point), creating an optimal entry point for short positions. Traders are advised to look for entry confirmation here.
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Entry and Exit Strategy
1. Entry Point:
- Suggested at the retracement toward the liquidity pool (marked "LOOK FOR LIQUIDITY AS ENTRY POINT"). This is near the stop-loss (SL) cluster where institutional traders manipulate price for liquidity.

2. Stop Loss (SL):
- Positioned slightly above the liquidity zone to protect against false breakouts or sharp reversals.
Take Profit (TP):

3. Two TP zones are marked:
- TP-1: Near 0.55918, capturing a portion of profits and reducing risk exposure.
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Continuation and Confirmation

*Bearish Continuation:
- Price action suggests further downside after completing the retracement and liquidity sweep. Breaks of structure confirm bearish dominance.
Criteria: At least two breaks of structure (BOS) must occur for validation, as marked.