Hello"
The chart of CADJPY illustrate a "Rounded Top" pattern, which is a type of reversal pattern often indicating a shift from an uptrend to a downtrend. This is confirmed by the label "ROUND TOP" at the top of the chart.
Additionally, the right side of the chart shows a *demand zone*, where price is expected to find support, followed by a projected bullish move. The pattern suggests that after the downtrend, a potential reversal could occur from the demand zone, leading to a price increase.
This setup appears to be a combination of *smart money concepts (SMC), with elements like *Change of Character (CHOCH), *Break of Structure (BOS)*, and liquidity zones being marked. The expectation is for price to reverse after reaching the demand zone.
Would you like a deeper analysis of this setup? Write in comment section.
The chart of CADJPY illustrate a "Rounded Top" pattern, which is a type of reversal pattern often indicating a shift from an uptrend to a downtrend. This is confirmed by the label "ROUND TOP" at the top of the chart.
Additionally, the right side of the chart shows a *demand zone*, where price is expected to find support, followed by a projected bullish move. The pattern suggests that after the downtrend, a potential reversal could occur from the demand zone, leading to a price increase.
This setup appears to be a combination of *smart money concepts (SMC), with elements like *Change of Character (CHOCH), *Break of Structure (BOS)*, and liquidity zones being marked. The expectation is for price to reverse after reaching the demand zone.
Would you like a deeper analysis of this setup? Write in comment section.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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.