๐ 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.
๐ 7 Dimension Analysis
Time Frame: H4
1๏ธโฃ Swing Structure: Initially bullish but rejected at a potent daily Point of Interest (POI)
๐ข Structure Behavior: Change of Structure (Choch)
๐ข Swing Move: Impulsive
๐ข Inducement: Completed
๐ข Internal Structure: Completely bearish
๐ข Ext OB: Unmitigated
๐ข Supply Zone Rejection: Observed
๐ข Traps: Fakeout at the top and supply area
๐ข Time Frame Confluence: Daily and H4
2๏ธโฃ Pattern
๐ข CHART PATTERNS: Reversal pattern with a double top and liquidity sweep, indicating a potential reversal
๐ข 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
๐ข Gaps and Other Patterns: To be observed at the opening
3๏ธโฃ Volume
๐ข High volume on the fakeout candle and substantial volume at the swing's start and high points
4๏ธโฃ Momentum RSI
๐ข Zone: Sideways
๐ข Range Shift: Almost shifted from bullish to sideways
๐ข Divergence: Significant divergence found at the top level and rejection areas
5๏ธโฃ Volatility Bollinger Bands
๐ข Middle band acting as resistance
๐ข Squeeze breakout and walking on the band awaiting
๐ข M pattern observed at the top
6๏ธโฃ Strength According to ROC
๐ข Values: CAD 1.12 vs. JPY 2.88
7๏ธโฃ Sentiment
โ๏ธ Trend line breakout awaiting, but on the trigger time frame, it's already done
๐ก Decision: Open a sell position right at the open
๐ Entry: 108.489
โ Stop Loss: 109.333
๐ฏ Take Profit: 102.1
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
๐ Risk to Reward Ratio: 6
๐ 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.
๐ 7 Dimension Analysis
Time Frame: H4
1๏ธโฃ Swing Structure: Initially bullish but rejected at a potent daily Point of Interest (POI)
๐ข Structure Behavior: Change of Structure (Choch)
๐ข Swing Move: Impulsive
๐ข Inducement: Completed
๐ข Internal Structure: Completely bearish
๐ข Ext OB: Unmitigated
๐ข Supply Zone Rejection: Observed
๐ข Traps: Fakeout at the top and supply area
๐ข Time Frame Confluence: Daily and H4
2๏ธโฃ Pattern
๐ข CHART PATTERNS: Reversal pattern with a double top and liquidity sweep, indicating a potential reversal
๐ข 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
๐ข Gaps and Other Patterns: To be observed at the opening
3๏ธโฃ Volume
๐ข High volume on the fakeout candle and substantial volume at the swing's start and high points
4๏ธโฃ Momentum RSI
๐ข Zone: Sideways
๐ข Range Shift: Almost shifted from bullish to sideways
๐ข Divergence: Significant divergence found at the top level and rejection areas
5๏ธโฃ Volatility Bollinger Bands
๐ข Middle band acting as resistance
๐ข Squeeze breakout and walking on the band awaiting
๐ข M pattern observed at the top
6๏ธโฃ Strength According to ROC
๐ข Values: CAD 1.12 vs. JPY 2.88
7๏ธโฃ Sentiment
โ๏ธ Trend line breakout awaiting, but on the trigger time frame, it's already done
๐ก Decision: Open a sell position right at the open
๐ Entry: 108.489
โ Stop Loss: 109.333
๐ฏ Take Profit: 102.1
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
๐ Risk to Reward Ratio: 6
๐ 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.