PSX · FOOD & PERSONAL CARE PRODUCTS · 30 Min
FCEPL Bullish change of character
Frieslandcampina Engro Pakistan Limited · 27 Oct 2026 · 10:00 PKT
▲ Bullish CHoCH Market structure · CHoCH
Structure levels
- Close
- 138.00
- ▲ 1.73%
- Broken level
- 136.75
- -0.9%
- CHoCH level
- 125.00
- -9.4%
- ATR
- 1.77
- 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 30 Min candles · click to enlarge
The breakdown
FCEPL closed above the external strong high at 136.75 - the external trend turns bullish.
The 30-minute close at 138.00 confirms it. The new external CHoCH level (strong low) is 125.00: a close beyond it would change the character back.
Structure: bullish external, bullish internal (strong low 125.00). Nearest demand OB 134.00 - 135.45, supply OB 145.20 - 147.00.
How to read this signal
- 1 Price closed above the swing level at 136.75, breaking the market structure.
- 2 The structure would flip back on a close beyond the CHoCH level, 125.00 (-9.4%).
- 3 Structure signals carry no fixed target: the next liquidity area is the usual objective.
Pattern guide
About the change of character (choch)
A change of character (CHoCH) is the first close against the trend's structure, breaking the swing low of an uptrend or the swing high of a downtrend: an early sign of reversal.
- Confirmation
- A candle close beyond the swing point that defined the trend.
- Target
- No fixed target: the first opposing liquidity area.
- Fails if
- A move back beyond the broken level that resumes the old trend.