🕛 TOPDOWN - GBP/CHF Bearish Continuation Setup
Overview:
The yearly, monthly, and weekly analyses suggest a robust bearish structure for GBP/CHF. The pair has recently broken multi-year support levels and is exhibiting characteristics of a continued bearish move. The daily analysis indicates a corrective move in progress, offering an opportunity for a bearish entry.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Breakout Of Structure (BoS).
🟢 Swing Move: Corrective move near previous high areas, creating a supply zone.
🟢 Inducement: Done with liquidity sweep but unable to sustain, returning to the inside rectangle support area.
🟢 Pull Back: 1st and deep pullback observed, favorable for continuation.
🟢 Internal Structure: Sideways.
🟢 Ext OB: Mitigated.
🟢 Resistance /Supply Zone: Strong resistance, creating supply, distribution about to start. Trendline breached. Weekly support breakout/CIP acting as resistance.
🟢 Time Frame Confluence: Daily, weekly, monthly, yearly – All time frames show important resistance at the current point.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal: Double top.
Consolidation Rectangle: Observed on both weekly and daily, color-coded.
Shakeout Continuation: Expected on the bearish side.
🟢 CANDLE PATTERNS
Key Considerations:
Momentum candle observed in the green rectangle area.
Tower top candlestick pattern observed in the green rectangle, suggesting a potential downturn.
3️⃣ Volume:
🟢 Fixed Range shows bearish activity dominating.
🟢 Lack of volume during the green rectangle, but a significant bearish candle observed afterward, signifying a strong bearish sentiment.
4️⃣ Momentum RSI:
🟢 In the bearish to sideways zone.
🟢 Strong bearish range shift.
🟢 Bearish hidden divergence observed at the previous top.
🟢 Grandfather-father-son entries indicating a strong sell signal.
5️⃣ Volatility Bollinger Bands:
🟢 Price below the middle band.
🟢 Volatility contraction observed, awaiting the breakout.
🟢 Squeeze breakout yet to occur.
6️⃣ Strength According to ROC:
🟢 Values are approximately the same.
7️⃣ Sentiment: All indicators suggest a strong short wave is imminent.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish.
☑️ Current Move: Impulsive.
✔ Support/Resistance Base: Everything discussed above.
☑️ Candles Behavior: Supporting bears with gaining momentum.
☑️ FIB Trigger Event: Confirmed.
☑️ Trend Line Breakout: Confirmed.
💡 Decision: Ready for sell.
🚀 Entry: 1.0993
✋ Stop Loss: 1.1160
🎯 Take Profit: 1.0400
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:4
🕛 Expected Duration: 60 days
SUMMARY: The analysis supports a bearish continuation setup for GBP/CHF. The corrective move provides an entry opportunity, and various technical factors align for a potential profitable trade. Monitoring the trade for any changes in internal structure or trendline breakout is essential.
Overview:
The yearly, monthly, and weekly analyses suggest a robust bearish structure for GBP/CHF. The pair has recently broken multi-year support levels and is exhibiting characteristics of a continued bearish move. The daily analysis indicates a corrective move in progress, offering an opportunity for a bearish entry.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Breakout Of Structure (BoS).
🟢 Swing Move: Corrective move near previous high areas, creating a supply zone.
🟢 Inducement: Done with liquidity sweep but unable to sustain, returning to the inside rectangle support area.
🟢 Pull Back: 1st and deep pullback observed, favorable for continuation.
🟢 Internal Structure: Sideways.
🟢 Ext OB: Mitigated.
🟢 Resistance /Supply Zone: Strong resistance, creating supply, distribution about to start. Trendline breached. Weekly support breakout/CIP acting as resistance.
🟢 Time Frame Confluence: Daily, weekly, monthly, yearly – All time frames show important resistance at the current point.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal: Double top.
Consolidation Rectangle: Observed on both weekly and daily, color-coded.
Shakeout Continuation: Expected on the bearish side.
🟢 CANDLE PATTERNS
Key Considerations:
Momentum candle observed in the green rectangle area.
Tower top candlestick pattern observed in the green rectangle, suggesting a potential downturn.
3️⃣ Volume:
🟢 Fixed Range shows bearish activity dominating.
🟢 Lack of volume during the green rectangle, but a significant bearish candle observed afterward, signifying a strong bearish sentiment.
4️⃣ Momentum RSI:
🟢 In the bearish to sideways zone.
🟢 Strong bearish range shift.
🟢 Bearish hidden divergence observed at the previous top.
🟢 Grandfather-father-son entries indicating a strong sell signal.
5️⃣ Volatility Bollinger Bands:
🟢 Price below the middle band.
🟢 Volatility contraction observed, awaiting the breakout.
🟢 Squeeze breakout yet to occur.
6️⃣ Strength According to ROC:
🟢 Values are approximately the same.
7️⃣ Sentiment: All indicators suggest a strong short wave is imminent.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish.
☑️ Current Move: Impulsive.
✔ Support/Resistance Base: Everything discussed above.
☑️ Candles Behavior: Supporting bears with gaining momentum.
☑️ FIB Trigger Event: Confirmed.
☑️ Trend Line Breakout: Confirmed.
💡 Decision: Ready for sell.
🚀 Entry: 1.0993
✋ Stop Loss: 1.1160
🎯 Take Profit: 1.0400
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:4
🕛 Expected Duration: 60 days
SUMMARY: The analysis supports a bearish continuation setup for GBP/CHF. The corrective move provides an entry opportunity, and various technical factors align for a potential profitable trade. Monitoring the trade for any changes in internal structure or trendline breakout is essential.
Dagangan aktif
Entry triggerdDagangan aktif
Price broke the resistance area with significant volume and momentum. Now, we're set to ride this run until the target. Let the journey unfold!"Dagangan aktif
"The Friday candle appears to be a liquidity sweep, but all other factors align with our analysis. We will maintain our position."Dagangan aktif
"After a rectangle breakout with a proper pullback, the price has resumed its move towards our target. Hold onto this position until the target is reached and enjoy the profits."Nota
An impulsive swing has commenced with strong momentum and volatility. Hold the position until the target is reached.Nota
Corrective leg is almost completed We maintain our position with unwavering confidence, as the analysis and market structure on our timeframe remain unchanged. Staying committed to our strategy. #ProfessionalTrading"
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.