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EURUSD D1 — Complete Smart Money Concept & Market Structure Analysis 1. Overall Daily Market Structure Your chart is EURUSD, D1, and I am using only the information visible on the supplied chart. The exact candle values displayed at the top are 1.14740 / 1.14917 / 1.14547 / 1.14857, with the current price shown on the right at 1.14857. The two major horizontal levels shown on the chart are 1.18585 on the upside and 1.13310 on the downside. Looking across the entire visible period, EURUSD first experienced a strong decline from the 1.18+ area toward approximately 1.145, then moved through several consolidation phases before making another substantial decline toward the 1.13310 region around June. From that June low, price changed character and started a sustained recovery, producing higher highs and higher lows into July and August. The recovery reached approximately 1.17, where price encountered resistance and began pulling back. The latest candles show a sharp decline from that upper region toward 1.14857, followed by a small reaction upward. Therefore, the current structure can be described as a bullish recovery that has entered a corrective phase, with price currently positioned around the middle of the visible range rather than at either major extreme. 2. Major Swing Highs, Swing Lows and Range The most important external levels on your chart are 1.18585 and 1.13310. The 1.18585 level is the major upper boundary and represents the strongest visible historical high/liquidity reference on the chart. Price approached this region at the beginning of the displayed period and subsequently moved lower. The 1.13310 level is the major lower boundary, where price found support after the long decline and then produced the strongest recovery visible in the second half of the chart. Between these two extremes, the market created several internal swing points. The March–April area produced highs around 1.175–1.18, followed by a decline. The May–June structure then produced progressively lower prices until the market reached approximately 1.13310. From there, the structure reversed upward and eventually reached around 1.165–1.17 in August. These major swing points create the framework for identifying liquidity, MSS, BOS, Order Blocks, FVGs and TLL. The current price at 1.14857 is therefore trading well above the major lower boundary but below the recent August high. 3. Buy-Side Liquidity — BSL Using standard Smart Money terminology, Buy-Side Liquidity (BSL) is generally located above significant previous highs. On your chart, the clearest BSL is therefore above the recent swing high around 1.165–1.17, and the larger external BSL is above the major 1.18585 high. These areas are important because traders who have short positions may have protective stops above previous highs, while breakout traders may place buy orders above those highs. The August high around the 1.165–1.17 region is particularly relevant to the current structure because price recently reached that area and then reversed sharply lower. If EURUSD later returns above that high and quickly falls back underneath it, the movement could be interpreted as a buy-side liquidity sweep. If price instead breaks above the high with strong daily displacement and establishes acceptance above it, that would represent a more convincing bullish breakout. The 1.18585 level remains the major external BSL reference because it is the highest clearly marked level on your chart. 4. Sell-Side Liquidity — SSL The most obvious Sell-Side Liquidity (SSL) on the chart is located beneath the important lows, especially around 1.13310. Price reached the lower region around June and reacted strongly upward, making this zone highly significant. There are also smaller pools of sell-side liquidity beneath the intermediate lows created during the recovery and subsequent pullback. In standard SMC terms, liquidity below a previous low can become a target because stop-loss orders from buyers may be positioned underneath that low. If price returns toward 1.13310, the important question would be whether it simply breaks the level and continues lower or briefly sweeps below it and then aggressively recovers. A move below the low followed by strong bullish displacement could represent an SSL sweep/liquidity grab. However, the chart currently shows price at 1.14857, considerably above 1.13310, so this major SSL is a lower-timeframe reference for the current daily structure rather than an immediate zone. 5. Order Block Analysis The visible price action provides several areas that can be interpreted as Order Blocks, but the most relevant one for the current structure is around the upper portion of the recent recovery, approximately 1.160–1.17. Price climbed strongly from the June low and eventually reached this region before experiencing a clear bearish reaction. The candles around this area represent an important supply/reference zone because the subsequent decline was significant enough to change the short-term structure. A second important area is around the 1.140–1.145 region, where price previously consolidated and reacted during the recovery from the June low. An Order Block is more useful when it aligns with displacement, liquidity and market structure. Therefore, the upper Order Block becomes particularly important if price returns toward the August high, while the lower area becomes relevant if the current correction continues downward. Price reaction—not simply touching the rectangle—is what determines whether the Order Block is being respected. 6. Fair Value Gap — FVG The chart contains several areas where the strong daily movements appear to have created Fair Value Gaps (FVGs) or price imbalances. The strongest candidate areas are associated with the rapid bullish expansion from the June low and the subsequent sharp bearish movement from the August high. The bullish expansion from approximately 1.13310 toward 1.15+ occurred with multiple strong green candles and relatively rapid displacement, which can leave inefficient price areas behind. Likewise, the sharp decline from approximately 1.17 toward 1.14857 created strong bearish displacement. An FVG is important because price can later return to rebalance part of that imbalance. The current price is already inside the broader region created by the recent bearish displacement, so the behavior around approximately 1.145–1.155 is worth watching. If price finds support inside an imbalance and begins producing strong bullish candles, that would indicate a reaction. If price continues closing below the area, the market may be accepting lower prices instead of simply filling the imbalance. 7. FVG + Order Block Confluence The FVG + Order Block concept is particularly useful around the current middle structure because the latest price at 1.14857 is close to areas created by both the earlier bullish expansion and the recent bearish displacement. A confluence zone becomes more meaningful when an FVG overlaps with a previous Order Block, because the same price region then has both an imbalance and a structural price-action reference. On this chart, the region around 1.145–1.155 can be treated as an important reaction area based strictly on the visible candle structure. If price moves into this area and forms strong bullish rejection, it could indicate that buyers are defending the imbalance/order-flow region. If price instead produces strong bearish daily closes through the area, then the FVG + Order Block has failed to hold as support. The key sequence is therefore zone entry → candle reaction → displacement → retest, rather than assuming that touching an FVG automatically creates a trade.

8. Market Structure Shift — MSS The most significant Market Structure Shift (MSS) on your chart occurred around the transition from the June low into the later bullish recovery. Before that transition, EURUSD had been declining from the higher regions and eventually reached approximately 1.13310. At that point, the market stopped producing the same sequence of lower lows and began forming higher lows. Price then broke through previous internal swing highs and developed a sustained bullish leg. This was a meaningful change in short-term market behavior. The bullish recovery continued through July and into August, eventually reaching around 1.165–1.17. More recently, the market has experienced a bearish internal shift because the August high was rejected and price moved sharply lower. However, it is important not to confuse a short-term bearish MSS with a complete reversal of the entire June-to-August bullish recovery. The current chart therefore contains both a larger bullish recovery structure and a more recent bearish correction. 9. Break of Structure — BOS The Break of Structure (BOS) concept confirms continuation after an MSS. Following the June low near 1.13310, EURUSD began breaking previous swing highs as it moved upward. The price progression from the lower region toward approximately 1.145, then 1.155, and eventually 1.165–1.17, shows several examples of bullish structural continuation. This is why the June-to-August movement can be considered a significant bullish leg. After the August high, however, the market started breaking lower internal lows, showing that the bullish momentum had weakened. The latest decline toward 1.14857 is therefore a bearish structural move inside the larger recovery. For the bullish structure to regain strength, price would need to recover important recent swing highs and eventually challenge the 1.165–1.17 area. For the bearish correction to become deeper, price would need to continue breaking lower lows and move toward the 1.14 region and eventually 1.13310. BOS gives us the framework for separating a normal pullback from a deeper structural change. 10. Trend Line Liquidity Zone — TLL The Trend Line Liquidity Zone (TLL) is associated with the descending structure that developed after the earlier highs and the later corrective movement. The visible chart shows that after the market reached the 1.17+ region, price began producing lower highs and eventually moved sharply lower. A descending trend line can connect those lower highs and become a liquidity reference because traders often place breakout orders around such lines while other traders place stops behind them. If price approaches the TLL and briefly breaks above it before returning below, that could represent a trend-line liquidity grab. Conversely, a strong daily close above the trend line followed by a successful retest would show that the descending structure is weakening. On the current chart, the most important thing is not the line itself but its relationship with the recent swing highs, FVG and Order Block. A TLL breakout becomes more meaningful when accompanied by displacement and a BOS. 11. Liquidity Grab and Recent Bearish Displacement The most noticeable recent liquidity event is the reaction around the 1.165–1.17 region. Price climbed steadily from the June low, reached the upper region, consolidated for several candles and then began declining. The subsequent bearish movement was relatively strong, taking price down toward 1.14857. This creates a possible buy-side liquidity interaction because the market had established highs in that upper area before the sharp decline. Whether it should be called a confirmed liquidity grab depends on what happens afterward. A true liquidity sweep would generally involve price taking a previous high and then showing strong rejection/displacement in the opposite direction. Your chart does show rejection and bearish displacement, so the area is structurally important. However, confirmation of the larger bearish move requires continued lower-high/lower-low formation. If price quickly recovers above the recent internal highs, the bearish move may simply be a correction. Therefore, the current candles are important for determining whether the August rejection develops into a larger bearish leg. 12. Current Price 1.14857 and Key Levels The exact current price displayed is 1.14857, while the candle information at the top is 1.14740 open, 1.14917 high, 1.14547 low and 1.14857 current/close. This means the latest daily candle has tested below the current price and recovered somewhat, showing a lower wick/reaction around the 1.145–1.146 region. The immediate area above current price is approximately 1.15475, followed by the recent structure around 1.16510 and the August high near 1.17. The major external high remains 1.18585. Below current price, the visible references are around 1.14440, then approximately 1.13310, which is the major lower boundary. The current location is therefore a key decision area. Price has experienced a sharp bearish move from the upper structure, but the latest candle is showing some reaction from the lower part of that move. Whether that reaction becomes a meaningful bullish MSS or simply a temporary pause depends on subsequent daily candles. 13. Complete EURUSD Roadmap From Your Chart Putting all the terminology together, your chart shows the following sequence: major high near 1.18585 → prolonged decline and consolidation → major low around 1.13310 → bullish MSS → bullish BOS → sustained recovery → approach toward 1.165–1.17 → rejection/liquidity interaction → bearish displacement → current price around 1.14857. The most important external liquidity levels are 1.18585 on the upside and 1.13310 on the downside. The recent upper region around 1.165–1.17 is important because it contains previous highs and potential buy-side liquidity, while the lower region around 1.13310 contains the major sell-side liquidity beneath the June low. The current 1.145–1.155 area is important because it sits inside the recent transition between bullish recovery and bearish correction and contains potential FVG/Order Block interaction. Above current price, 1.15475, 1.16510 and approximately 1.17 are the important structural references. Below it, 1.14440 and then 1.13310 become increasingly important. The cleanest way to read this chart is through the sequence liquidity → sweep/grab → MSS → BOS → displacement → FVG/Order Block → retest → continuation or failure. Based strictly on your chart, EURUSD has made a substantial bullish recovery from the 1.13310 low, but the latest rejection from the 1.165–1.17 region has created a meaningful bearish correction. At 1.14857, the market is now at an important structural area where the reaction around the current FVG/Order Block region should reveal whether buyers are attempting to restore the bullish recovery or sellers are continuing the correction toward the lower part of the range.