π MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW βοΈ
β¨ Eagle Eye: On the yearly chart, the price has been consolidating within a range since 2008. After a 3-year bullish momentum, the price is currently forming a yearly inside bar. This indicates a potential trend reversal and demands close attention.
π Monthly: Following a valid change of character, the price has mitigated the monthly FVG with a significant liquidity sweep, as demonstrated by the monthly hammer. As a result, expectations are bullish for the upcoming monthly sessions.
π Weekly: The FVG has already been mitigated, and over the last two weeks, the price has shown strong reversal signs, indicating a potential trend shift.
π Daily: After forming a daily high, the price has filled our FVG and formed a narrow range and inside bar. We can anticipate a buy entry at the initial breakout.
π 7 DIMENSION ANALYSIS
π’ Analysis Time Frame: Daily
1 Price Structure: The bearish momentum has been halted.
2 Pattern Candle Chart: The price has formed a double bottom, inside bar, and narrow range pattern, which indicates a potential reversal.
3 Volume: No significant volume has been observed during the correction, which favors the bulls.
4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from bearish to sideways, indicating a potential trend change.
5 Volatility Measure Bollinger Bands: The middle band is providing support, indicating potential bullish momentum.
6 Strength ADX: The ADX indicates that the price is currently in a sideways trend, and further confirmation is required.
7 Sentiment ROC: The CAD is stronger than the JPY this week, indicating a potential bullish momentum.
βοΈ Entry Time Frame: H4
12. Entry TF Structure: Bullish engulfing pattern.
Entry Move: Impulsive.
Support Resistance Base: CIP support level.
FIB: Trigger event has already occurred, and a trend line breakout has been confirmed.
βοΈ Final Comments: Buy at the open low.
16. π‘ Decision: Buy.
π Entry: 97.864.
β Stop Loss: 97.358.
π― Take Profit: 100.
π Risk to Reward Ratio: 1:4.
π Expected Duration: 10 days.
β¨ Eagle Eye: On the yearly chart, the price has been consolidating within a range since 2008. After a 3-year bullish momentum, the price is currently forming a yearly inside bar. This indicates a potential trend reversal and demands close attention.
π Monthly: Following a valid change of character, the price has mitigated the monthly FVG with a significant liquidity sweep, as demonstrated by the monthly hammer. As a result, expectations are bullish for the upcoming monthly sessions.
π Weekly: The FVG has already been mitigated, and over the last two weeks, the price has shown strong reversal signs, indicating a potential trend shift.
π Daily: After forming a daily high, the price has filled our FVG and formed a narrow range and inside bar. We can anticipate a buy entry at the initial breakout.
π 7 DIMENSION ANALYSIS
π’ Analysis Time Frame: Daily
1 Price Structure: The bearish momentum has been halted.
2 Pattern Candle Chart: The price has formed a double bottom, inside bar, and narrow range pattern, which indicates a potential reversal.
3 Volume: No significant volume has been observed during the correction, which favors the bulls.
4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from bearish to sideways, indicating a potential trend change.
5 Volatility Measure Bollinger Bands: The middle band is providing support, indicating potential bullish momentum.
6 Strength ADX: The ADX indicates that the price is currently in a sideways trend, and further confirmation is required.
7 Sentiment ROC: The CAD is stronger than the JPY this week, indicating a potential bullish momentum.
βοΈ Entry Time Frame: H4
12. Entry TF Structure: Bullish engulfing pattern.
Entry Move: Impulsive.
Support Resistance Base: CIP support level.
FIB: Trigger event has already occurred, and a trend line breakout has been confirmed.
βοΈ Final Comments: Buy at the open low.
16. π‘ Decision: Buy.
π Entry: 97.864.
β Stop Loss: 97.358.
π― Take Profit: 100.
π Risk to Reward Ratio: 1:4.
π Expected Duration: 10 days.