GBP/AUD pair analysis, BOE decision.

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[6:26 pm, 14/03/2025] Sagar: 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/sell…
[8:23 pm, 14/03/2025] Sagar: This *GBP/AUD 1H TradingView chart* uses various *Smart Money Concept (SMC)* tools and patterns to analyze price movement. Below are the key elements present:

### *Patterns and Tools Used:*

1. *Change of Character (CHOCH):*
- Marked at two points on the chart, indicating a *shift in market structure* from bullish to bearish.
- CHOCH helps traders spot potential trend reversals.

2. *Liquidity Sweep (LQ SWEEP):*
- The price *swept liquidity* above a previous high before reversing downward.
- This signals that market makers grabbed stop-loss orders before pushing price in the opposite direction.

3. *Break of Structure (BOS):*
- Confirms the bearish move after the liquidity sweep.
- BOS is crucial for *trend continuation confirmation*.

4. *Order Block (OB) - Supply Zone:*
- The *red zone* marks a *bearish order block*, an area where institutional traders previously placed sell orders.
- Price often retraces into this zone before continuing lower.

5. *Fair Value Gap (FVG):*
- The *blue zone* represents an imbalance (gap) in price, where the market may return to fill inefficiencies.
- Price tends to revisit these areas before resuming its trend.

6. *Target Zone:*
- Marked at the bottom, showing where price is expected to reach based on *market structure*.

7. *Equal Lows / Liquidity Grab Concept:*
- The chart shows *liquidity engineering* where price *sweeps highs* before aggressively reversing lower.

### *Overall Analysis:*
- *Bearish Smart Money Setup* with liquidity sweep, BOS, CHOCH, OB, and FVG.
- Price likely *retraced into the order block (OB)* before continuing its *downtrend towards the target zone*.
- These concepts are commonly used in *ICT (Inner Circle Trader) and Smart Money trading strategies*.

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