UnionBank - SMC Analysis

115
=> Based on the SMC analysis, the internal swing structure is broken
the latest supply zone and formed new CHOCH i.e., the reversal is
confirmed by creating the market structure shift

=> After created the MSS, Now it is in the retracement mode

=> We expect that the retracement level will be the FVG Area (between 128 & 132)

=> For best risk/reward, we can wait and take entry at the retracement level
for the target of next supply zone 146/149

=> Stop Loss is around 124.50 on closing basis


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