Goldbay next myThis is a technical analysis chart of the EUR/USD (Euro/U.S. Dollar) currency pair on a 1-hour timeframe, published on TradingView.
Key elements in the chart:
1. Support and Resistance Levels:
Red lines represent resistance levels where price has previously struggled to break above.
Blue lines indicate support levels where price has bounced upward.
2. Buy & Sell Signals:
Green "B" icons indicate buying opportunities (bullish signals).
Red "B" icons indicate selling opportunities (bearish signals).
"Bull Wick" means the price has rejected lower levels and moved up.
"Bear Wick" suggests the price rejected higher levels and moved down.
3. Sell Zone:
A "SELL ZONE" is marked, meaning price previously found resistance there, making it