This chart is an analysis of the GBP/USD currency pair on a 2-hour timeframe using smart money concepts (SMC) and institutional trading techniques. Some of the key patterns and tools used in this chart include:
1. *Market Structure Concepts*:
- *CHoCH (Change of Character)*: This indicates shifts in market direction, suggesting potential reversals or continuation patterns.
- *BOS (Break of Structure)*: Used to confirm trend continuation or a shift in market direction.
2. *Supply and Demand Zones*:
- *Resistance Zone*: Marked in a purple box at the top, indicating a potential selling area.
- *Demand Zone*: Marked at the bottom in blue, indicating an area where buyers might step in.
3. *Liquidity and Order Blocks*:
- *FVG (Fair Value Gap)*: An imbalance in price action where price could return to mitigate.
- *OB (Order Block)*: A key area where institutional orders may have been placed.
4. *Fibonacci & Discount Levels*:
- The chart includes the *50% retracement level*, indicating a potential reaction point.
5. *Price Projection & Targets*:
- There are measured price movements suggesting a downward continuation towards the demand zone.
This chart follows an institutional trading approach, focusing on liquidity, order flow, and price action rather than traditional indicators. Would you like a further breakdown of any specific area?
1. *Market Structure Concepts*:
- *CHoCH (Change of Character)*: This indicates shifts in market direction, suggesting potential reversals or continuation patterns.
- *BOS (Break of Structure)*: Used to confirm trend continuation or a shift in market direction.
2. *Supply and Demand Zones*:
- *Resistance Zone*: Marked in a purple box at the top, indicating a potential selling area.
- *Demand Zone*: Marked at the bottom in blue, indicating an area where buyers might step in.
3. *Liquidity and Order Blocks*:
- *FVG (Fair Value Gap)*: An imbalance in price action where price could return to mitigate.
- *OB (Order Block)*: A key area where institutional orders may have been placed.
4. *Fibonacci & Discount Levels*:
- The chart includes the *50% retracement level*, indicating a potential reaction point.
5. *Price Projection & Targets*:
- There are measured price movements suggesting a downward continuation towards the demand zone.
This chart follows an institutional trading approach, focusing on liquidity, order flow, and price action rather than traditional indicators. Would you like a further breakdown of any specific area?
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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.