EURUSD 1-h time fame chart analysis. conduct the tools 👇
### *Tools Used in the Chart:*
1. *Smart Money Concepts (SMC)* – Institutional trading strategies.
2. *Market Structure Analysis:*
- *CHOCH (Change of Character)* – Signals a shift in trend.
- *BOS (Break of Structure)* – Confirms continuation or reversal.
3. *Trendline (Bullish Channel)* – Indicates the current trend.
4. *Point of Interest (POI)* – A key demand zone for potential reversals.
5. *Support & Resistance Levels* – Price reacts to supply and demand areas.
6. *Liquidity Zones* – Marked areas where price may react.
7. *Breakout Zone* – Identifies the start of the trend.
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### *Patterns Applied:*
1. *Bullish Trendline/Ascending Channel* – Price is moving within an upward channel.
2. *Breakout & Retest Pattern* – Initial breakout led to a retest before continuing up.
3. *Higher Highs & Higher Lows* – Bullish price action structure.
4. *POI Reaction Expected* – Price is approaching a key *demand zone*, where a potential bounce is anticipated.
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### *Resistance Applied:*
1. *Major Resistance near 1.0950 - 1.1000* (Top of the trend channel).
2. *Intermediate Resistance around 1.0900* (Previous high).
3. *Minor Resistance near 1.0850* (Current price action level).
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### *Current Trend & Prediction:*
- *Bullish Trend*: Price is inside an ascending channel.
- Price is expected to react from the *POI zone* near *1.0800, possibly leading to a **higher high*.
- If price respects the *bullish trendline, it may target the upper channel resistance at **1.0950 - 1.1000*.
Would you like a possible entry strategy based on this setup?
### *Tools Used in the Chart:*
1. *Smart Money Concepts (SMC)* – Institutional trading strategies.
2. *Market Structure Analysis:*
- *CHOCH (Change of Character)* – Signals a shift in trend.
- *BOS (Break of Structure)* – Confirms continuation or reversal.
3. *Trendline (Bullish Channel)* – Indicates the current trend.
4. *Point of Interest (POI)* – A key demand zone for potential reversals.
5. *Support & Resistance Levels* – Price reacts to supply and demand areas.
6. *Liquidity Zones* – Marked areas where price may react.
7. *Breakout Zone* – Identifies the start of the trend.
---
### *Patterns Applied:*
1. *Bullish Trendline/Ascending Channel* – Price is moving within an upward channel.
2. *Breakout & Retest Pattern* – Initial breakout led to a retest before continuing up.
3. *Higher Highs & Higher Lows* – Bullish price action structure.
4. *POI Reaction Expected* – Price is approaching a key *demand zone*, where a potential bounce is anticipated.
---
### *Resistance Applied:*
1. *Major Resistance near 1.0950 - 1.1000* (Top of the trend channel).
2. *Intermediate Resistance around 1.0900* (Previous high).
3. *Minor Resistance near 1.0850* (Current price action level).
---
### *Current Trend & Prediction:*
- *Bullish Trend*: Price is inside an ascending channel.
- Price is expected to react from the *POI zone* near *1.0800, possibly leading to a **higher high*.
- If price respects the *bullish trendline, it may target the upper channel resistance at **1.0950 - 1.1000*.
Would you like a possible entry strategy based on this setup?
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.