"NZDUSD pair analysis on the 1-hour time frame chart. let's break down what I see in your chart:
1. Tools and Concepts Used:
Market Structure Breaks (BOS): You can see multiple "BOS" (Break of Structure) labels, which show where the previous trend structure was broken.
Order Blocks (OB): There's a marked "OB" zone. Order blocks are areas where big institutions placed orders and price tends to react.
Liquidity Grab (LQD): Highlighted zone where the market might grab liquidity (stop hunts, fake-outs before true move).
Support and Resistance Areas: Broad zones labeled "Support Area" and "Resistance Area" where price is expected to react.
CHOCH (Change of Character): Indicates an initial reversal signal — where market shifts from making higher highs/lows to lower highs/lows, or vice versa.
FH*: Looks like a "Failed High" (commonly showing price attempted but failed to break a level).
2. Patterns Used:
Head and Shoulders Formation*: There's a subtle rounded "top" (marked FH) suggesting a possible head and shoulders pattern, leading to bearish pressure.
Projected Zigzag Path*: Price prediction paths show multiple potential market moves (both bullish and bearish) indicating a forecasting method based on smart money concepts.
3. Style of Analysis:
Smart Money Concepts (SMC) / Institutional Trading Approach:
Heavy focus on liquidity, BOS, CHOCH, and OB zones — all pointing to a smart money or supply and demand style of analysis.
Would you like me to explain how you could set up a potential trade based on this chart too?
Write thoughts in below.
1. Tools and Concepts Used:
Market Structure Breaks (BOS): You can see multiple "BOS" (Break of Structure) labels, which show where the previous trend structure was broken.
Order Blocks (OB): There's a marked "OB" zone. Order blocks are areas where big institutions placed orders and price tends to react.
Liquidity Grab (LQD): Highlighted zone where the market might grab liquidity (stop hunts, fake-outs before true move).
Support and Resistance Areas: Broad zones labeled "Support Area" and "Resistance Area" where price is expected to react.
CHOCH (Change of Character): Indicates an initial reversal signal — where market shifts from making higher highs/lows to lower highs/lows, or vice versa.
FH*: Looks like a "Failed High" (commonly showing price attempted but failed to break a level).
2. Patterns Used:
Head and Shoulders Formation*: There's a subtle rounded "top" (marked FH) suggesting a possible head and shoulders pattern, leading to bearish pressure.
Projected Zigzag Path*: Price prediction paths show multiple potential market moves (both bullish and bearish) indicating a forecasting method based on smart money concepts.
3. Style of Analysis:
Smart Money Concepts (SMC) / Institutional Trading Approach:
Heavy focus on liquidity, BOS, CHOCH, and OB zones — all pointing to a smart money or supply and demand style of analysis.
Would you like me to explain how you could set up a potential trade based on this chart too?
Write thoughts in below.
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.