This chart of *USD/JPY* on the 1-hour timeframe shows a more advanced price action and smart money concept analysis. Here's a breakdown of the *tools and patterns* used:
---
### *Tools Used:*
1. *Trend Lines:*
- Two trend lines (upper and lower) form a *Triangle* pattern.
- These trend lines help identify compression or consolidation leading to potential breakout or breakdown points.
2. *Resistance and Supply Zones (Blue Boxes):*
- Key *supply zones* are highlighted where price is expected to find resistance .
- These areas act as potential reversal zones.
3. *Break of Structure (BOS) and Change of Character (CHoCH):*
- Labels indicating important market structure shifts.
- BOS marks confirmation of a trend shift.
- CHoCH suggests a possible early reversal signal.
6. *Swing Points and Key Highs/Lows:*
- Marked with large blue circles to indicate significant pivot areas.
- Often used for Fibonacci analysis or symmetry projection.
---
### *Patterns and Concepts Used:*
1. *Triangle:*
- The use of trend lines indicates a *Triangle*, often a continuation or reversal pattern depending on breakout direction.
2. *Liquidity Grabs:*
- Price appears to have swept above previous highs before sharply reversing, implying a *liquidity grab* before moving lower.
3. *Market Structure Concepts (Smart Money):*
- CHoCH and BOS show institutional-style price action, where manipulation or accumulation/distribution plays a role.
4. *Double Top Formation:*
- The pattern near the recent high resembles a *double top*, signaling potential bearish reversal from resistance.
5. *Fibonacci or Symmetry-Based Moves:*
- The measured vertical drop suggests *symmetrical retracement* expectations.
---
Would you like help deciding how to trade based on this setup, or would you prefer a clean template to try this strategy yourself?
---
### *Tools Used:*
1. *Trend Lines:*
- Two trend lines (upper and lower) form a *Triangle* pattern.
- These trend lines help identify compression or consolidation leading to potential breakout or breakdown points.
2. *Resistance and Supply Zones (Blue Boxes):*
- Key *supply zones* are highlighted where price is expected to find resistance .
- These areas act as potential reversal zones.
3. *Break of Structure (BOS) and Change of Character (CHoCH):*
- Labels indicating important market structure shifts.
- BOS marks confirmation of a trend shift.
- CHoCH suggests a possible early reversal signal.
6. *Swing Points and Key Highs/Lows:*
- Marked with large blue circles to indicate significant pivot areas.
- Often used for Fibonacci analysis or symmetry projection.
---
### *Patterns and Concepts Used:*
1. *Triangle:*
- The use of trend lines indicates a *Triangle*, often a continuation or reversal pattern depending on breakout direction.
2. *Liquidity Grabs:*
- Price appears to have swept above previous highs before sharply reversing, implying a *liquidity grab* before moving lower.
3. *Market Structure Concepts (Smart Money):*
- CHoCH and BOS show institutional-style price action, where manipulation or accumulation/distribution plays a role.
4. *Double Top Formation:*
- The pattern near the recent high resembles a *double top*, signaling potential bearish reversal from resistance.
5. *Fibonacci or Symmetry-Based Moves:*
- The measured vertical drop suggests *symmetrical retracement* expectations.
---
Would you like help deciding how to trade based on this setup, or would you prefer a clean template to try this strategy yourself?
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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.