The chart for *EUR/AUD on the 1D timeframe* utilizes various *technical analysis tools and patterns* to forecast price movement. Below are the key elements present in the analysis:
### *Patterns and Tools Used:*
1. *Change of Character (CHOCH):*
- Marked at different points, indicating a potential shift in market structure.
- CHOCH often signifies a transition from a ranging or trending market to a new direction.
2. *Break of Structure (BOS):*
- This confirms a bullish market structure after the price breaks previous resistance levels.
- The BOS marks key turning points in the trend.
3. *Order Block (OB):*
- The blue zone represents a *bullish order block*, where price may react and continue higher.
- OBs are areas of strong buying/selling interest, typically used for entry points.
4. *BTL (Bearish Trend Line):*
- A diagonal pink trendline is drawn, showing the short-term bearish correction before an expected bullish continuation.
5. *Fair Value Gap (FVG):*
- Marked in blue, this area represents an imbalance in the market, which price may revisit to fill before continuing in the expected direction.
6. *Liquidity and Support Zone (QD & Support Zone):*
- The purple area represents a *liquidity pool* where price has historically reacted, acting as strong demand.
7. *Measured Percentage Moves (35%):*
- Two separate *35% projected moves* suggest a repeated bullish rally, indicating historical movement patterns.
8. *Projection of Future Price Movement:*
- A *zigzag price path* is drawn, predicting a retracement to the OB before a continuation to new highs.
### *Overall Analysis:*
- The chart suggests a *bullish continuation* after a potential retracement to the *order block (OB)*.
- The *CHOCH and BOS confirm trend shifts, while the **FVG and OB act as key reaction zones*.
- A *35% move is projected*, indicating a pattern repetition.
- The *BTL trendline suggests short-term bearish correction* before a long-term bullish rally.
Would you like help interpreting specific elements or trade setups based on this analysis?
### *Patterns and Tools Used:*
1. *Change of Character (CHOCH):*
- Marked at different points, indicating a potential shift in market structure.
- CHOCH often signifies a transition from a ranging or trending market to a new direction.
2. *Break of Structure (BOS):*
- This confirms a bullish market structure after the price breaks previous resistance levels.
- The BOS marks key turning points in the trend.
3. *Order Block (OB):*
- The blue zone represents a *bullish order block*, where price may react and continue higher.
- OBs are areas of strong buying/selling interest, typically used for entry points.
4. *BTL (Bearish Trend Line):*
- A diagonal pink trendline is drawn, showing the short-term bearish correction before an expected bullish continuation.
5. *Fair Value Gap (FVG):*
- Marked in blue, this area represents an imbalance in the market, which price may revisit to fill before continuing in the expected direction.
6. *Liquidity and Support Zone (QD & Support Zone):*
- The purple area represents a *liquidity pool* where price has historically reacted, acting as strong demand.
7. *Measured Percentage Moves (35%):*
- Two separate *35% projected moves* suggest a repeated bullish rally, indicating historical movement patterns.
8. *Projection of Future Price Movement:*
- A *zigzag price path* is drawn, predicting a retracement to the OB before a continuation to new highs.
### *Overall Analysis:*
- The chart suggests a *bullish continuation* after a potential retracement to the *order block (OB)*.
- The *CHOCH and BOS confirm trend shifts, while the **FVG and OB act as key reaction zones*.
- A *35% move is projected*, indicating a pattern repetition.
- The *BTL trendline suggests short-term bearish correction* before a long-term bullish rally.
Would you like help interpreting specific elements or trade setups based on this analysis?
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.