Smart Money Concepts

Chart tool

Market structure. On the Pro chart.

Smart Money Concepts marks how price is built: where the trend breaks or turns, where strong moves started, the gaps they left, and where stops tend to sit.

XAU/USD · H1Illustration
Each switch on the chart shows or hides one kind of mark.
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How to read it

  1. Structure: BOS and CHoCHA close through the last swing high or low. With the trend it is a break of structure (BOS); against it, a change of character (CHoCH).
  2. Order blocksThe last candle against a move before it broke structure: where that move started. Shown until price trades back through it.
  3. Fair value gapsThree candles where the first and third do not overlap, on a strong middle candle: the gap price left behind.
  4. Equal highs and lowsTwo swings at almost the same price. Stops tend to sit just past them.
  5. Liquidity sweepsA wick runs past a swing high or low, then the candle closes back inside it.
  6. Premium and discountThe top and bottom of the current range, with equilibrium on its midpoint: is price high or low in its range?
  7. Previous day, week and monthTheir highs and lows, carried across today's chart.

A read of market structure, not a trade signal. Educational purposes only · Conduct your own analysis · Manage risk