From the chart you provided (USDCAD, 1H timeframe on TradingView), here are the key *tools and patterns* used:
---
### *1. Fibonacci Retracement Levels*
- Clearly marked from the swing high to the swing low.
- Levels like *0.236, **0.382, **0.5, **0.618, **0.786, and **1.0* are plotted.
- These are used to identify potential reversal or pullback areas.
---
### *2. Supply & Demand Zones*
- Blue shaded boxes represent *demand zones* (potential buy areas).
- Likely drawn based on price action (strong moves away from a level).
---
### *3. Consolidation/Range*
- Yellow shaded box shows a *consolidation area*.
- Price is moving sideways within this box — classic *range-bound market* behavior.
---
### *4. Trendlines / Channel*
- Diagonal lines creating a *descending channel* or wedge.
- Indicates a potential continuation or breakout pattern.
---
### *5. Break of Structure (BOS)*
- Marked in red and used to identify *key shifts in market structure*.
- BOS typically signals trend changes or strong momentum shifts.
---
### *6. Equal Highs (EQH)*
- Marked with red arrows, suggesting *liquidity zones* (stop hunts).
- Often used in *smart money concepts* or *liquidity trading* strategies.
---
### *7. CHoCH (Change of Character)*
- Indicates a *shift from bullish to bearish bias* or vice versa.
- Another concept from *Smart Money / ICT-based trading*.
---
### *8. Price Action*
- Green and red arrows highlight *reaction points* (support/resistance, reversals).
---
This chart combines *technical analysis, **smart money concepts, and **Fibonacci tools, likely for a strategy based on **market structure + liquidity + confluence* zones.
Let me know if you want help analyzing the possible trade setup from this!
---
### *1. Fibonacci Retracement Levels*
- Clearly marked from the swing high to the swing low.
- Levels like *0.236, **0.382, **0.5, **0.618, **0.786, and **1.0* are plotted.
- These are used to identify potential reversal or pullback areas.
---
### *2. Supply & Demand Zones*
- Blue shaded boxes represent *demand zones* (potential buy areas).
- Likely drawn based on price action (strong moves away from a level).
---
### *3. Consolidation/Range*
- Yellow shaded box shows a *consolidation area*.
- Price is moving sideways within this box — classic *range-bound market* behavior.
---
### *4. Trendlines / Channel*
- Diagonal lines creating a *descending channel* or wedge.
- Indicates a potential continuation or breakout pattern.
---
### *5. Break of Structure (BOS)*
- Marked in red and used to identify *key shifts in market structure*.
- BOS typically signals trend changes or strong momentum shifts.
---
### *6. Equal Highs (EQH)*
- Marked with red arrows, suggesting *liquidity zones* (stop hunts).
- Often used in *smart money concepts* or *liquidity trading* strategies.
---
### *7. CHoCH (Change of Character)*
- Indicates a *shift from bullish to bearish bias* or vice versa.
- Another concept from *Smart Money / ICT-based trading*.
---
### *8. Price Action*
- Green and red arrows highlight *reaction points* (support/resistance, reversals).
---
This chart combines *technical analysis, **smart money concepts, and **Fibonacci tools, likely for a strategy based on **market structure + liquidity + confluence* zones.
Let me know if you want help analyzing the possible trade setup from this!
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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.