🕛 TOPDOWN Overview
A robust rejection at the daily timeframe, coupled with an H1 Change of Structure (COS), suggests the end of the short-term bullish move.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Initially bullish but rejected at a potent daily Point of Interest (POI)
🟢 Structure Behavior: Change of Structure (Choch)
🟢 Swing Move: Impulsive
🟢 Inducement: Completed
🟢 Internal Structure: Completely bearish
🟢 Ext OB: Unmitigated
🟢 Supply Zone Rejection: Observed
🟢 Traps: Fakeout at the top and supply area
🟢 Time Frame Confluence: Daily and H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal pattern with a double top and liquidity sweep, indicating a potential reversal
🟢 CANDLE PATTERNS: Fakeout reversal after a Record Session count, Momentum with strict engulfing at the top, Tweezer pattern with liquidity sweep, Tower Top pattern observed with Climax players presence and follow-up, increasing chances of reversal
🟢 Gaps and Other Patterns: To be observed at the opening
3️⃣ Volume
🟢 High volume on the fakeout candle and substantial volume at the swing's start and high points
4️⃣ Momentum RSI
🟢 Zone: Sideways
🟢 Range Shift: Almost shifted from bullish to sideways
🟢 Divergence: Significant divergence found at the top level and rejection areas
5️⃣ Volatility Bollinger Bands
🟢 Middle band acting as resistance
🟢 Squeeze breakout and walking on the band awaiting
🟢 M pattern observed at the top
6️⃣ Strength According to ROC
🟢 Values: CAD 1.12 vs. JPY 2.88
7️⃣ Sentiment
☑️ Trend line breakout awaiting, but on the trigger time frame, it's already done
💡 Decision: Open a sell position right at the open
🚀 Entry: 108.489
✋ Stop Loss: 109.333
🎯 Take Profit: 102.1
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 6
🕛 Expected Duration: 30 days
SUMMARY:
The analysis indicates a reversal opportunity. The sell position is recommended with an entry at 108.489, stop loss at 109.333, take profit at 102.1, and a risk-to-reward ratio of 6, expecting completion in approximately 30 days.
A robust rejection at the daily timeframe, coupled with an H1 Change of Structure (COS), suggests the end of the short-term bullish move.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Initially bullish but rejected at a potent daily Point of Interest (POI)
🟢 Structure Behavior: Change of Structure (Choch)
🟢 Swing Move: Impulsive
🟢 Inducement: Completed
🟢 Internal Structure: Completely bearish
🟢 Ext OB: Unmitigated
🟢 Supply Zone Rejection: Observed
🟢 Traps: Fakeout at the top and supply area
🟢 Time Frame Confluence: Daily and H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal pattern with a double top and liquidity sweep, indicating a potential reversal
🟢 CANDLE PATTERNS: Fakeout reversal after a Record Session count, Momentum with strict engulfing at the top, Tweezer pattern with liquidity sweep, Tower Top pattern observed with Climax players presence and follow-up, increasing chances of reversal
🟢 Gaps and Other Patterns: To be observed at the opening
3️⃣ Volume
🟢 High volume on the fakeout candle and substantial volume at the swing's start and high points
4️⃣ Momentum RSI
🟢 Zone: Sideways
🟢 Range Shift: Almost shifted from bullish to sideways
🟢 Divergence: Significant divergence found at the top level and rejection areas
5️⃣ Volatility Bollinger Bands
🟢 Middle band acting as resistance
🟢 Squeeze breakout and walking on the band awaiting
🟢 M pattern observed at the top
6️⃣ Strength According to ROC
🟢 Values: CAD 1.12 vs. JPY 2.88
7️⃣ Sentiment
☑️ Trend line breakout awaiting, but on the trigger time frame, it's already done
💡 Decision: Open a sell position right at the open
🚀 Entry: 108.489
✋ Stop Loss: 109.333
🎯 Take Profit: 102.1
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 6
🕛 Expected Duration: 30 days
SUMMARY:
The analysis indicates a reversal opportunity. The sell position is recommended with an entry at 108.489, stop loss at 109.333, take profit at 102.1, and a risk-to-reward ratio of 6, expecting completion in approximately 30 days.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.