The chart shown is a 4-hour (H4) price chart of the NZD/USD currency pair, with various technical analysis tools and patterns applied. Below are the key elements identified:
*Technical Analysis Tools and Patterns:*
1. *Bearish Trend Line:*
- A downward-sloping trend line indicating a prevailing bearish trend before a potential reversal.
2. *Break of Structure (BOS):*
- Marked at key points, indicating a shift in market direction. BOS suggests that previous support or resistance levels have been broken, leading to trend continuation or reversal.
3. *Change of Character (CHOCH):*
- A key concept in smart money trading, marking a shift in market structure. It suggests a transition from bearish to bullish or vice versa.
4. *Order Block (OB):*
- A green highlighted area indicating a supply zone (potential resistance), where price may react and reverse.
5. *Supply and Demand Zones:*
- *Demand Zone (D, D-ZONE):* Marked at the bottom, representing areas where buyers stepped in.
- *Supply Zone (D, S-ZONE):* Highlighted near the CHOCH area, representing a region where selling pressure increased.
6. *Highlighted Price Drops:*
- Red rectangles indicate strong bearish moves, possibly impulsive waves or liquidity grabs.
7. *Support and Resistance Levels:*
- Horizontal lines indicate key price levels where price action reacted in the past.
Overall, the chart applies *smart money concepts (SMC), including **BOS, CHOCH, order blocks, and supply/demand zones, to analyze potential market movements. It also integrates **trend lines and price action structures* for further confirmation.
What you think about "NZD/USD" write in comment section. Thanks
*Technical Analysis Tools and Patterns:*
1. *Bearish Trend Line:*
- A downward-sloping trend line indicating a prevailing bearish trend before a potential reversal.
2. *Break of Structure (BOS):*
- Marked at key points, indicating a shift in market direction. BOS suggests that previous support or resistance levels have been broken, leading to trend continuation or reversal.
3. *Change of Character (CHOCH):*
- A key concept in smart money trading, marking a shift in market structure. It suggests a transition from bearish to bullish or vice versa.
4. *Order Block (OB):*
- A green highlighted area indicating a supply zone (potential resistance), where price may react and reverse.
5. *Supply and Demand Zones:*
- *Demand Zone (D, D-ZONE):* Marked at the bottom, representing areas where buyers stepped in.
- *Supply Zone (D, S-ZONE):* Highlighted near the CHOCH area, representing a region where selling pressure increased.
6. *Highlighted Price Drops:*
- Red rectangles indicate strong bearish moves, possibly impulsive waves or liquidity grabs.
7. *Support and Resistance Levels:*
- Horizontal lines indicate key price levels where price action reacted in the past.
Overall, the chart applies *smart money concepts (SMC), including **BOS, CHOCH, order blocks, and supply/demand zones, to analyze potential market movements. It also integrates **trend lines and price action structures* for further confirmation.
What you think about "NZD/USD" write in comment section. Thanks
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.