🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Extremely Bear, But Current Move is lower high
2 📆Monthly: Clear bull trend at monthly
3 📅Weekly: A strong Order block at the previous top after its price goes higher low
4 🕛Daily: A clean intra-bear trend take resistance at 1st higher low, and 3rd one is started
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: high momentum candle /double top
7: 3 Volume: High volumes on bearish candles good for the bear
8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 but current momentum sideways
9: 5 Volatility measure Bollinger bands: Squeeze
10: 6 Strength ADX: Bears are gaining strength
11: 7 Sentiment ROC: GBP is much stronger than JPY, but the current move is resistant in the big time frame
✔️ Entry Time Frame: H4
12: Entry TF Structure: change of ch and the clear bearish trend is established
13: entry move: Impulse
14: Support resistance base: previous OB Gap opening
15: FIB: done
☑️ final comments: sell right now
16: 💡decision: sell
17: 🚀Entry: 166.840
18: ✋Stop losel:167.856
19: 🎯Take profit: 161..50
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 5 days
1 ✨Eagle eye: Extremely Bear, But Current Move is lower high
2 📆Monthly: Clear bull trend at monthly
3 📅Weekly: A strong Order block at the previous top after its price goes higher low
4 🕛Daily: A clean intra-bear trend take resistance at 1st higher low, and 3rd one is started
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: high momentum candle /double top
7: 3 Volume: High volumes on bearish candles good for the bear
8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 but current momentum sideways
9: 5 Volatility measure Bollinger bands: Squeeze
10: 6 Strength ADX: Bears are gaining strength
11: 7 Sentiment ROC: GBP is much stronger than JPY, but the current move is resistant in the big time frame
✔️ Entry Time Frame: H4
12: Entry TF Structure: change of ch and the clear bearish trend is established
13: entry move: Impulse
14: Support resistance base: previous OB Gap opening
15: FIB: done
☑️ final comments: sell right now
16: 💡decision: sell
17: 🚀Entry: 166.840
18: ✋Stop losel:167.856
19: 🎯Take profit: 161..50
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 5 days
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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.