7 Dimension analysis for EURUSD

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🕛 TOPDOWN - Bearish Momentum in a Multi-Month Downtrend

Overview: The monthly and weekly analyses indicate a multi-month downtrend with the initiation of a current impulsive bearish move. The focus is on the daily timeframe for a detailed perspective.

😇 7 Dimension Analysis
Time Frame: Daily

1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Bearish impulsive move in progress, marked by a proper high.
🟢 Inducement: Completed.
🟢 Pull Back 1st: Deep pullback with a reversal and bearish momentum.
🟢 Internal Structure: Choch (Contraction) observed.
Ext OB mitigated, indicating a potential reversal.

🟢 Resistance/Supply/Distribution/Premier: Multiple indicators, including trendlines, suggest further downward movement.

2️⃣ Pattern
🟢 CHART PATTERNS
Raising Wedge breakout signals bearish continuation.

🟢 CANDLE PATTERNS
ey Considerations:

Record session count with a Change in Guard (engulfing) candle, a strong reversal sign.
Momentum signals, including strict engulfing and a last bullish FOMO candle.

3️⃣ Volume: Pivot points of fixed range volume show volatile reversal signals. Average volume during correction move reinforces the bearish bias.

4️⃣ Momentum RSI:
🟢 Momentum State: Sideways zone.
🟢 Range Shift: From bullish to sideways with a loud move.
🟢 Loud Moves: Bearish loud move observed.
🟢 Overbought/Oversold Rejections: Count of 3.

5️⃣ Volatility Bollinger Bands:
🟢 Middle band provides support, but momentum suggests potential breakage.
🟢 Formation of a W pattern at the top of the move.

6️⃣ Strength: USD is stronger than EUR, adding to the bearish bias.

✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish
☑️ Current Move: Impulsive
✔ Support/Resistance Base: Supply area and extreme Order Block.
☑️ Candles Behavior: RSC, Momentum - both patterns are bearish.
☑️ Trend Line Breakout: Confirmed.

☑️ Final Comments: Sell right now.
💡 Decision: SELL.
🚀 Entry: 1.08450
✋ Stop Loss: 1.1030
🎯 Take Profit: 1.0143
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:3.75
🕛 Expected Duration: 30 days

SUMMARY: The analysis strongly supports a bearish momentum, aligning with the ongoing multi-month downtrend. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
Dagangan aktif
another bearish candle close in our support
Dagangan aktif
"Despite a bearish pattern and breach of the lower side, the subsequent pullback favors our analysis. We will continue to hold this entry."
Dagangan aktif
"An inside bearish flag has formed, and flags are continuation patterns. The strong bearish momentum is fully intact, indicating that the price is likely gearing up for another bearish continuation move."
Dagangan ditutup: hentian tercapai
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