he chart shown in the image is a technical analysis of the *EUR/AUD* currency pair on a *30-minute timeframe* using *TradingView*. The tools and patterns identified in the chart include: ### *Tools Used:* 1. *Trendlines & Channels:* - A *descending channel* (marked with black trendlines) shows the previous downtrend. - A breakout above this channel suggests...
### *Tools Used in the Chart:* 1. *Ascending Channel* – A trendline-based pattern showing higher highs and higher lows. 2. *Support and Resistance Levels* – Horizontal lines marking key price zones. 3. *Breakout and Retest Markers* – Indicates price breaking a level and retesting it. 4. *Trend Lines* – Upward diagonal lines defining the channel. 5. *Target...
This *EUR/USD* chart on the *2-hour timeframe* is analyzed using *Smart Money Concepts (SMC)* and *price action strategies*. The key patterns and tools used include: ### *1. Market Structure & Trend Analysis* - *Downtrend Line*: A diagonal trendline marking the bearish trend, which is eventually broken. - *Change of Character (CHoCH)*: Marked at key points...
This chart is an analysis of the GBP/USD currency pair on a 2-hour timeframe using smart money concepts (SMC) and institutional trading techniques. Some of the key patterns and tools used in this chart include: 1. *Market Structure Concepts*: - *CHoCH (Change of Character)*: This indicates shifts in market direction, suggesting potential reversals or...
This is a *technical analysis chart* for BTC/USD on a *4-hour timeframe*. The chart employs multiple *technical analysis tools and concepts*, including: 1. *Market Structure Analysis* - *CHOCH (Change of Character):* Indicates a shift in market direction. - *BOS (Break of Structure):* Confirms a trend change. 2. *Trendlines & Channels* -...
### *Analysis of the XAU/USD (Gold) 30-Minute Chart* This chart incorporates multiple *technical analysis tools and patterns* to analyze price movements and potential trade setups. --- ### *Key Tools & Patterns Used:* #### *1. Market Structure & Price Action Concepts:* - *CHoCH (Change of Character):* - Indicates a shift in trend direction. ...