EURUSD H1
The chart is currently forming a “stacked BOS” structure.
When such a sequence appears on EURUSD, it is often followed by a large impulsive move without a significant pullback.
On H1 it looks like this:
1.1620 → LH
1.1580 → HL → BOS (H1 closed below)
1.1560 → HL → another BOS (H1 closed below)
1.1580 is still important.
Even though we have a BOS below 1.1560, the level:
1.1580
remains:
a flip resistance
because:
The chart is currently forming a “stacked BOS” structure.
When such a sequence appears on EURUSD, it is often followed by a large impulsive move without a significant pullback.
On H1 it looks like this:
1.1620 → LH
1.1580 → HL → BOS (H1 closed below)
1.1560 → HL → another BOS (H1 closed below)
1.1580 is still important.
Even though we have a BOS below 1.1560, the level:
remains:
because:
- the first BOS occurred there,
- many orders are located around that level.
Trendlines H1,H4, SMC
2