Here's a detailed look at our latest analysis using the "Smart Money Concepts by WeloTrades" indicator.
Key Highlights:
Order Blocks (OB) and Breaker Blocks (BB):
1 Hour OB at 4.456M (32%): Marked in red, indicating a strong sell-side interest. 1 Hour BB at 4.715M (57%): Highlighted for potential bullish reversal zones. Multiple OB and BB levels: Showcasing significant support and resistance zones. Market Structure (MS):
Lower Highs (LH) and Lower Lows (LL): Indicate a bearish trend in several parts of the chart. Higher Highs (HH) and Higher Lows (HL): Suggest bullish corrections and potential trend reversals. Break of Structure (BOS) and Change of Character (CHOCH): Crucial points highlighting shifts in market momentum. Fair Value Gaps (FVG):
Highlighted with colored zones showing potential imbalances between supply and demand. These gaps are critical for identifying potential entry points. Liquidity Levels (LIQ-VOL TL):
Buy Side and Sell Side Liquidity: Areas marked with volume data, showing where significant buying or selling pressure is likely to occur. Moving Averages (MA):
MA Cross & Fast MA: Indicated by red and green lines, providing dynamic support/resistance and trend direction. Indicators and Tools Used:
FVG, MS, LIQ-VOL TL, OB & BB, and MA Cross, all by WeloTrades. Analysis:
The chart showcases a detailed view of market behavior with clearly marked zones for potential trades. The presence of multiple order blocks and breaker blocks suggests areas to watch for potential reversals. Liquidity levels indicate significant interest zones which could lead to sharp market moves. Moving averages provide a clear trend direction and dynamic support/resistance levels. This comprehensive analysis helps traders make informed decisions by identifying key market levels and potential reversal points.
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