This EUR/USD chart is marked with support and resistance zones along with trend reversal points. Here’s a quick breakdown of what’s shown:
Pink Zones: Indicate support (lower zone) and resistance (upper zone).
Red Arrows: Signal price rejections at the resistance zone (potential sell entries).
Green Arrows: Show bounces from the support zone (potential buy entries).
Orange Circles: Highlight major turning points in price (swing highs/lows).
Red Zigzag Line: Visual representation of market structure (higher highs, lower lows, etc.).
Forecast Arrow (Red to Upward Arrow): Suggests a possible bullish move towards the resistance zone again.
The analysis seems to imply a potential
Pink Zones: Indicate support (lower zone) and resistance (upper zone).
Red Arrows: Signal price rejections at the resistance zone (potential sell entries).
Green Arrows: Show bounces from the support zone (potential buy entries).
Orange Circles: Highlight major turning points in price (swing highs/lows).
Red Zigzag Line: Visual representation of market structure (higher highs, lower lows, etc.).
Forecast Arrow (Red to Upward Arrow): Suggests a possible bullish move towards the resistance zone again.
The analysis seems to imply a potential
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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.