PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
FNEL Bearish break of structure
First National Equities Limited · 26 Oct 2026 · 13:30 PKT
▼ Bearish BOS Market structure · BOS
Structure levels
- Close
- 1.05
- ▼ 1.87%
- Broken level
- 1.06
- +1.0%
- CHoCH level
- 1.32
- +25.7%
- ATR
- 0.02
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
FNEL closed below the external swing low at 1.06 from 17 Sep 14:30 - the bearish trend continues.
The hourly close at 1.05 confirms it. The new external CHoCH level (strong high) is 1.32: a close beyond it would change the character back.
Structure: bearish external, bearish internal (strong high 1.32). Nearest supply OB 1.22 - 1.23.
How to read this signal
- 1 Price closed below the swing level at 1.06, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 1.32 (+25.7%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the break of structure (bos)
A break of structure (BOS) is a close beyond the last swing high in an uptrend, or swing low in a downtrend: the trend making a new leg.
- Confirmation
- A candle close beyond the swing high or low.
- Target
- No fixed target: the next liquidity area or weak high / low.
- Fails if
- A close beyond the CHoCH level, which would change the structure.