This *EUR/USD* chart on the *2-hour timeframe* is analyzed using *Smart Money Concepts (SMC)* and *price action strategies*. The key patterns and tools used include:
### *1. Market Structure & Trend Analysis*
- *Downtrend Line*: A diagonal trendline marking the bearish trend, which is eventually broken.
- *Change of Character (CHoCH)*: Marked at key points to indicate shifts in market direction.
- *Break of Structure (BOS)*: Signaling trend continuation after price breaks previous lows.
### *2. Institutional Concepts*
- *Fair Value Gap (FVG)*: Highlighted in the lower section where price may return to mitigate inefficiencies.
- *Order Block (OB)*: A demand zone where institutional orders might be placed, acting as a reversal area.
### *3. Price Action & Entry Strategy*
- *Breakout & Retest*: Price breaks the trendline, retests an order block, and is expected to move up.
- *Projected Bullish Move*: A blue box indicates a bullish price target after the breakout.
This chart suggests a potential *trend reversal* from bearish to bullish, with confirmation from *order flow and liquidity concepts*. Let me know if you need a deeper breakdown of any specific part!
### *1. Market Structure & Trend Analysis*
- *Downtrend Line*: A diagonal trendline marking the bearish trend, which is eventually broken.
- *Change of Character (CHoCH)*: Marked at key points to indicate shifts in market direction.
- *Break of Structure (BOS)*: Signaling trend continuation after price breaks previous lows.
### *2. Institutional Concepts*
- *Fair Value Gap (FVG)*: Highlighted in the lower section where price may return to mitigate inefficiencies.
- *Order Block (OB)*: A demand zone where institutional orders might be placed, acting as a reversal area.
### *3. Price Action & Entry Strategy*
- *Breakout & Retest*: Price breaks the trendline, retests an order block, and is expected to move up.
- *Projected Bullish Move*: A blue box indicates a bullish price target after the breakout.
This chart suggests a potential *trend reversal* from bearish to bullish, with confirmation from *order flow and liquidity concepts*. Let me know if you need a deeper breakdown of any specific part!
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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.
Join Telegram Channel Free t.me/+lvC6DGTZAqk3NTI8 "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/+XHUwVU1EKek0Nzlk
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.