🤑TOP DOWN ANALYSIS OVERVIEW🤑
biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase
🧐Eagle eye: bull
Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
1 Structure analysis time frame: h4
2 target time frame: h4
3 Current Move: impulse for h1
4 Entry Time Frame: h1
4.1 Entry TF Structure: bear
4.2 entry move: wait until 1752 and wait for some bearish signals
5 Support resistance base: weekly order block resistance and FVG resistance
6 FIB: trigger event Ok
7 candle Pattern: momentum Engulfing bull
8 Chart Pattern: higher low 1752, reversal start
9 Volume: no volume Compare to the whole move
10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways
11 Volatility measure Bollinger bands: Squeez break out /head-fake/walking band 3 signals
13 Sentiment ROC: weaker than USD
14 final comment: sell right now
15 : decision: sell
16 Entry: 1752
17 Stop losel: 1758
18 Take profit: 1730
19 Risk to reward Ratio:1:6
Excepted Duration: 2 days
biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase
🧐Eagle eye: bull
Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
1 Structure analysis time frame: h4
2 target time frame: h4
3 Current Move: impulse for h1
4 Entry Time Frame: h1
4.1 Entry TF Structure: bear
4.2 entry move: wait until 1752 and wait for some bearish signals
5 Support resistance base: weekly order block resistance and FVG resistance
6 FIB: trigger event Ok
7 candle Pattern: momentum Engulfing bull
8 Chart Pattern: higher low 1752, reversal start
9 Volume: no volume Compare to the whole move
10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways
11 Volatility measure Bollinger bands: Squeez break out /head-fake/walking band 3 signals
13 Sentiment ROC: weaker than USD
14 final comment: sell right now
15 : decision: sell
16 Entry: 1752
17 Stop losel: 1758
18 Take profit: 1730
19 Risk to reward Ratio:1:6
Excepted Duration: 2 days