The "GBP/USD" analysis chart on a 4-hour time frame, that consist the Smart money concept (SMC). Here is it's break-down.
Tools and Concepts Used:*
1. Support & Resistance Zones:
Resistance Level (marked in blue at the top): Indicates a price level where selling interest is high.
Demand Zone* (marked in pink at the bottom): An area of potential institutional buying interest.
2. Order Blocks (OB):
These are marked as rectangular zones (like the OB around 1.2200–1.2250) and represent institutional buying/selling areas.
3. Fair Value Gap (FVG):
Highlighted as an area where price left an imbalance or inefficiency, usually indicating potential retracement zones.
4. Break of Structure (BOS):
Marks significant shifts in market structure, often signaling trend continuation.
5. Change of Character (CHOCH):
Indicates a possible trend reversal when market structure switches direction.
6. Consolidation Area:
The blue box on the left shows a period of sideways price movement before a breakout.
7. Price Projection Paths:
Dashed lines showing potential future price scenarios based on structure and key zones.
8. Arrows and Labels:
Arrows highlight swing points and possible market intentions.
Labels like BOS, CHOCH, OB, FVG, and Demand Zone guide the viewer's interpretation.
Summary:
The GBP/USD appears to be at a high level, with strong resistance at 1.34000, which is likely to push the market downward. The Order Block (OB) and Fear Value Gap (FVG) represent reversal levels that could pull the market back up.
This is my analysis. What are your thoughts on GBP/USD? Please share your comments below. Thank you."
Tools and Concepts Used:*
1. Support & Resistance Zones:
Resistance Level (marked in blue at the top): Indicates a price level where selling interest is high.
Demand Zone* (marked in pink at the bottom): An area of potential institutional buying interest.
2. Order Blocks (OB):
These are marked as rectangular zones (like the OB around 1.2200–1.2250) and represent institutional buying/selling areas.
3. Fair Value Gap (FVG):
Highlighted as an area where price left an imbalance or inefficiency, usually indicating potential retracement zones.
4. Break of Structure (BOS):
Marks significant shifts in market structure, often signaling trend continuation.
5. Change of Character (CHOCH):
Indicates a possible trend reversal when market structure switches direction.
6. Consolidation Area:
The blue box on the left shows a period of sideways price movement before a breakout.
7. Price Projection Paths:
Dashed lines showing potential future price scenarios based on structure and key zones.
8. Arrows and Labels:
Arrows highlight swing points and possible market intentions.
Labels like BOS, CHOCH, OB, FVG, and Demand Zone guide the viewer's interpretation.
Summary:
The GBP/USD appears to be at a high level, with strong resistance at 1.34000, which is likely to push the market downward. The Order Block (OB) and Fear Value Gap (FVG) represent reversal levels that could pull the market back up.
This is my analysis. What are your thoughts on GBP/USD? Please share your comments below. Thank you."
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.
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.