🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️
1: ✨ Eagle Eye: Although the trend is extremely bearish, the current move is showing a lower high, which may indicate a potential shift towards a bullish trend.
2: 📆 Monthly: There is a clear bullish trend at the monthly level, with consecutive monthly lows being protected.
3: 📅 Weekly: A deep corrective move just finished last week, and this may cause a change in market behavior towards a bullish trend.
4: 🕛 Daily: The intra-day movement is currently sideways, indicating a potential shift towards a bullish trend. Since the big time frame trends are also bullish, we need to change our perspective and wait for a resistance break.
😇 7 Dimension Analysis
🟢 Analysis Time Frame: Daily
5: 1 Price Structure: The price structure is currently sideways to bullish.
6: 2 Candlestick Pattern: The long wick bearish change of guard indicates a potential correction, which we should be prepared for.
7: 3 Volume: The volumes are currently not supporting the bullish trend, which is a little strange. Therefore, we need to be careful with buy entries.
8: 4 Momentum UNCONVENTIONAL Rsi: Resistance is at 60, but the current momentum is sideways.
9: 5 Volatility Measure Bollinger Bands: There was a head fake from the lower band, and the current closing is also indicating a similar scenario. Therefore, we need to wait for a strong confirmation before going with the bull trend.
10: 6 Strength ADX: Compared to last week, the bulls are gaining strength.
11: 7 Sentiment ROC: Last week, the JPY rate of change dramatically decreased, making it the weakest currency for the upcoming sessions.
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bullish
13: Entry Move: We should wait for the correction to end.
14: Support Resistance Base: Daily and H4 areas with FVG (Fibonacci Volume Gradient).
15: FIB: We can use a 15-minute trendline breakout with a Fibonacci trigger event on H4.
☑️ Final Comments: Buy at 15-minute Confirmations
16: 💡 Decision: Buy
17: 🚀 Entry: We can enter at 161, but this is not final, and we need to confirm at the time of entry.
18: ✋ Stop Loss: 158
19: 🎯 Take Profit: 170
20: 😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: The expected duration for the price to reach the target price is around 3-4 weeks, based on the current market conditions and trends.
1: ✨ Eagle Eye: Although the trend is extremely bearish, the current move is showing a lower high, which may indicate a potential shift towards a bullish trend.
2: 📆 Monthly: There is a clear bullish trend at the monthly level, with consecutive monthly lows being protected.
3: 📅 Weekly: A deep corrective move just finished last week, and this may cause a change in market behavior towards a bullish trend.
4: 🕛 Daily: The intra-day movement is currently sideways, indicating a potential shift towards a bullish trend. Since the big time frame trends are also bullish, we need to change our perspective and wait for a resistance break.
😇 7 Dimension Analysis
🟢 Analysis Time Frame: Daily
5: 1 Price Structure: The price structure is currently sideways to bullish.
6: 2 Candlestick Pattern: The long wick bearish change of guard indicates a potential correction, which we should be prepared for.
7: 3 Volume: The volumes are currently not supporting the bullish trend, which is a little strange. Therefore, we need to be careful with buy entries.
8: 4 Momentum UNCONVENTIONAL Rsi: Resistance is at 60, but the current momentum is sideways.
9: 5 Volatility Measure Bollinger Bands: There was a head fake from the lower band, and the current closing is also indicating a similar scenario. Therefore, we need to wait for a strong confirmation before going with the bull trend.
10: 6 Strength ADX: Compared to last week, the bulls are gaining strength.
11: 7 Sentiment ROC: Last week, the JPY rate of change dramatically decreased, making it the weakest currency for the upcoming sessions.
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bullish
13: Entry Move: We should wait for the correction to end.
14: Support Resistance Base: Daily and H4 areas with FVG (Fibonacci Volume Gradient).
15: FIB: We can use a 15-minute trendline breakout with a Fibonacci trigger event on H4.
☑️ Final Comments: Buy at 15-minute Confirmations
16: 💡 Decision: Buy
17: 🚀 Entry: We can enter at 161, but this is not final, and we need to confirm at the time of entry.
18: ✋ Stop Loss: 158
19: 🎯 Take Profit: 170
20: 😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: The expected duration for the price to reach the target price is around 3-4 weeks, based on the current market conditions and trends.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.