This chart analysis of EUR/USD on the 1-hour timeframe uses a combination of *technical tools and patterns* commonly found in smart money concepts and price action trading. Here's a breakdown of what’s being used:
### *Tools Used:*
1. *Trendlines:*
- Two trendlines are drawn, marking the *uptrend*.
- These help visualize the bullish market structure and provide potential support levels.
2. *Support and Resistance Zones:*
- Clearly marked zones (blue boxes) represent *areas of demand and supply*.
- Price is expected to react to these zones either by bouncing or breaking through.
3. *Consolidation Box:*
- A yellow box outlines a *consolidation area*, suggesting range-bound price action and accumulation or distribution.
4. *Price Labels:*
- Key structures like *CHoCH (Change of Character), **BOS (Break of Structure), **EQH (Equal Highs), and **EQl (Equal Lows)* are labeled to mark critical market structure points.
5. *Projected Paths (Forecast Arrows):*
- Two potential *price movement scenarios* are plotted:
- A bullish scenario: Breakout from consolidation and continuation upward.
- A bearish scenario: Breakdown into demand zones followed by deeper retracement.
6. *Rectangles/Boxes:*
- Used to highlight *liquidity zones*, like the weak high and order blocks.
---
### *Patterns and Concepts:*
1. *Smart Money Concepts:*
- CHoCH and BOS are key identifiers in smart money trading, signaling shifts in market structure.
- The chart reflects how price reacts to liquidity grabs and institutional order flow.
2. *Liquidity Grabs:*
- The chart suggests that areas like the *weak high* may be taken out to grab liquidity before a reversal or continuation.
3. *Market Structure:*
- Focus on higher highs and higher lows, consistent with bullish market structure before potential shift.
4. *Equal Highs/Lows:*
- Used to identify liquidity pools — commonly targeted before a market turns.
5. *Possible Reversal Zones:*
- Marked areas where price might reverse after liquidity is taken out (e.g., the demand zone around 1.13000).
---
Would you like help interpreting what scenario is more likely based on recent price action? Or maybe a breakdown of how to trade this setup?
### *Tools Used:*
1. *Trendlines:*
- Two trendlines are drawn, marking the *uptrend*.
- These help visualize the bullish market structure and provide potential support levels.
2. *Support and Resistance Zones:*
- Clearly marked zones (blue boxes) represent *areas of demand and supply*.
- Price is expected to react to these zones either by bouncing or breaking through.
3. *Consolidation Box:*
- A yellow box outlines a *consolidation area*, suggesting range-bound price action and accumulation or distribution.
4. *Price Labels:*
- Key structures like *CHoCH (Change of Character), **BOS (Break of Structure), **EQH (Equal Highs), and **EQl (Equal Lows)* are labeled to mark critical market structure points.
5. *Projected Paths (Forecast Arrows):*
- Two potential *price movement scenarios* are plotted:
- A bullish scenario: Breakout from consolidation and continuation upward.
- A bearish scenario: Breakdown into demand zones followed by deeper retracement.
6. *Rectangles/Boxes:*
- Used to highlight *liquidity zones*, like the weak high and order blocks.
---
### *Patterns and Concepts:*
1. *Smart Money Concepts:*
- CHoCH and BOS are key identifiers in smart money trading, signaling shifts in market structure.
- The chart reflects how price reacts to liquidity grabs and institutional order flow.
2. *Liquidity Grabs:*
- The chart suggests that areas like the *weak high* may be taken out to grab liquidity before a reversal or continuation.
3. *Market Structure:*
- Focus on higher highs and higher lows, consistent with bullish market structure before potential shift.
4. *Equal Highs/Lows:*
- Used to identify liquidity pools — commonly targeted before a market turns.
5. *Possible Reversal Zones:*
- Marked areas where price might reverse after liquidity is taken out (e.g., the demand zone around 1.13000).
---
Would you like help interpreting what scenario is more likely based on recent price action? Or maybe a breakdown of how to trade this setup?
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Just for One More Smile © free
telegram signals t.me/+QxrfbzZuGCZhN2U0
V A.I. Data Scientist
V 20+ years of experience
* Forex V Crypto V Indices
C o m m o d i t y t.me/+QxrfbzZuGCZhN2U0
Q u i c k Learn Trading Tips
telegram signals t.me/+QxrfbzZuGCZhN2U0
V A.I. Data Scientist
V 20+ years of experience
* Forex V Crypto V Indices
C o m m o d i t y t.me/+QxrfbzZuGCZhN2U0
Q u i c k Learn Trading Tips
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.