🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: a bullish trap and, after it, a solid inside candle
2:📆Monthly: confirm high and choch market making a deep corrective move now may make a further down base more significant trend
3:📅Weekly: choch and fresh high market going down, forming a low
📈 7-Dimension Analysis
🟢 Analysis Time Frame: Daily
Price Structure: The price structure is currently bullish, indicating a potential upward trend.
Pattern Candle Chart: The failed head and shoulder pattern, as well as the twizzer pattern, suggests that the market may be experiencing a shift towards the bullish side.
Volume: Although there is a significant amount of bearish volume in the market, the price is not able to make lower lows, indicating that the volume may be an execution sign of the end of the bearish move.
Momentum (UNCONVENTIONAL RSI): The RSI is currently between 60 and 40, suggesting a consolidation or sideways movement, with multiple supports at the 40 level.
Volatility Measure (Bollinger Bands): The market is exhibiting a classic W pattern, indicating a potential trend reversal.
Strength (ADX): The ADX is almost neutral, suggesting that the market is in a period of consolidation.
Sentiment (ROC): Using the rate of change, the USD is currently stronger than the JPY.
✔️ Entry Time Frame: H1
Entry TF Structure: The H1 structure is bullish, indicating a potential upward trend.
Entry Move: We need to wait for the end of the corrective move before entering the market.
Support Resistance Base: We need support of the OB current move.
FIB: Drawing a trendline from the upper side breakout is necessary.
☑️ Final Comments: Wait for the correction to end before entering the market.
💡Decision: Buy
🚀Entry: 131.856
✋Stop Loss: 131.490
🎯Take Profit: 133.686
😊Risk to Reward Ratio: 1:4.63
🕛 Expected Duration: 5 days
1:✨Eagle eye: a bullish trap and, after it, a solid inside candle
2:📆Monthly: confirm high and choch market making a deep corrective move now may make a further down base more significant trend
3:📅Weekly: choch and fresh high market going down, forming a low
📈 7-Dimension Analysis
🟢 Analysis Time Frame: Daily
Price Structure: The price structure is currently bullish, indicating a potential upward trend.
Pattern Candle Chart: The failed head and shoulder pattern, as well as the twizzer pattern, suggests that the market may be experiencing a shift towards the bullish side.
Volume: Although there is a significant amount of bearish volume in the market, the price is not able to make lower lows, indicating that the volume may be an execution sign of the end of the bearish move.
Momentum (UNCONVENTIONAL RSI): The RSI is currently between 60 and 40, suggesting a consolidation or sideways movement, with multiple supports at the 40 level.
Volatility Measure (Bollinger Bands): The market is exhibiting a classic W pattern, indicating a potential trend reversal.
Strength (ADX): The ADX is almost neutral, suggesting that the market is in a period of consolidation.
Sentiment (ROC): Using the rate of change, the USD is currently stronger than the JPY.
✔️ Entry Time Frame: H1
Entry TF Structure: The H1 structure is bullish, indicating a potential upward trend.
Entry Move: We need to wait for the end of the corrective move before entering the market.
Support Resistance Base: We need support of the OB current move.
FIB: Drawing a trendline from the upper side breakout is necessary.
☑️ Final Comments: Wait for the correction to end before entering the market.
💡Decision: Buy
🚀Entry: 131.856
✋Stop Loss: 131.490
🎯Take Profit: 133.686
😊Risk to Reward Ratio: 1:4.63
🕛 Expected Duration: 5 days