This chart represents the technical analysis of the EUR/USD currency pair on the 15-minute timeframe. Several key points and important areas are highlighted in this analysis:
H4 FVG (Fair Value Gap on 4-Hour Timeframe):
A red zone is highlighted on the chart as the Fair Value Gap (FVG) on the 4-hour timeframe. This area indicates a price imbalance where the price is likely to return.
M15 FVG (Fair Value Gap on 15-Minute Timeframe):
The blue zone on the chart is marked as the Fair Value Gap on the 15-minute timeframe. This area shows where the price might return to cover the price imbalance.
Liquidity:
A small ascending line near the H4 FVG area is labeled as liquidity. This indicates a potential concentration of orders in this region, which could lead to a sudden price movement.
Fibonacci Levels:
The Fibonacci retracement levels of 0.5 and 0.618 are also marked on the chart. These levels are often considered key support or resistance zones.
Bullish Market Structure:
The chart indicates a bullish market structure, suggesting the likelihood of a price increase in the near future.
Projected Price Movement:
The chart suggests that the price may initially dip towards the M15 FVG and the 0.5 or 0.618 Fibonacci levels, followed by a strong bullish move towards the H4 FVG zone. After a minor corrective move, further upward momentum is anticipated.
In this analysis, the expectation is that, given the bullish market structure, the price will rise after a brief corrective dip to lower levels, targeting the highlighted zones on the chart. Traders can use this analysis to determine potential entry and exit points in their trades.