Market structure
In this section, we are going over the basics of market structure
In order to trade SMC successfully, we need to understand the concept of market structure. This is the foundation and maybe the most important part of trading. It gives us a bias where we can make our decision upon. Our Smart Money Concepts Indicator will map it out for you automatically.
BOS = Break of Structure
When a low or high gets liquidated (gets broken), we will use the term BOS.
CHoCH = Change of Character
CHoCH is similar to a BOS, however it signifies a possible change in trend
Types of Structure
The Smart Money Concepts (SMC) Indicator contains two types of structure
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