Euro / U.S. DollarShort
Eurusd analysis move down read the caption
This chart represents an analysis of the EUR/USD currency pair on the 1-hour timeframe. Below is a detailed breakdown of the key elements in the analysis:
1. CHoCH (Change of Character):
Multiple "CHoCH" labels are marked to signify reversals or shifts in market structure. These highlight areas where the price changes from a bullish to bearish trend (or vice versa).
2. BOS (Break of Structure):
BOS is labeled, showing significant points where price breaks through key structural levels, confirming continuation or reversal trends.
3. EQH (Equal Highs):
Equal highs indicate potential liquidity zones where stop-loss orders may be positioned. These zones are likely to be targeted by the market.
4. Weak Highs and Trendline:
A weak high is identified within the red zone, suggesting a lack of strength to continue upward. This creates a bias for potential downward movement.
The yellow and blue trendlines illustrate a descending wedge pattern, highlighting bearish pressure.
5. Target Zone (1.03411):
A blue box around 1.03411 represents the target price area for potential bearish moves, aligning with the downward arrow projections.
6. Bearish Plan:
The analysis expects a downward trajectory after a liquidity grab (red arrows) and weak highs. The market is forecasted to form lower highs and lower lows, eventually reaching the target zone.
This is a structural and liquidity-based analysis indicating bearish expectations while leveraging trendlines, BOS, CHoCH, and liquidity zones.
1. CHoCH (Change of Character):
Multiple "CHoCH" labels are marked to signify reversals or shifts in market structure. These highlight areas where the price changes from a bullish to bearish trend (or vice versa).
2. BOS (Break of Structure):
BOS is labeled, showing significant points where price breaks through key structural levels, confirming continuation or reversal trends.
3. EQH (Equal Highs):
Equal highs indicate potential liquidity zones where stop-loss orders may be positioned. These zones are likely to be targeted by the market.
4. Weak Highs and Trendline:
A weak high is identified within the red zone, suggesting a lack of strength to continue upward. This creates a bias for potential downward movement.
The yellow and blue trendlines illustrate a descending wedge pattern, highlighting bearish pressure.
5. Target Zone (1.03411):
A blue box around 1.03411 represents the target price area for potential bearish moves, aligning with the downward arrow projections.
6. Bearish Plan:
The analysis expects a downward trajectory after a liquidity grab (red arrows) and weak highs. The market is forecasted to form lower highs and lower lows, eventually reaching the target zone.
This is a structural and liquidity-based analysis indicating bearish expectations while leveraging trendlines, BOS, CHoCH, and liquidity zones.
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