🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: Extremely bear
Monthly: After Retracement, an impulsive move was also established with proper bear direction, and Now the price ready for correction till 0.6580
weekly: weekly higher low type formation begins one swing is the total current price is sideways in the weekly time frame
1 Structure analysis time frame: Daily
2 target time frame: Daily
3 Current Move: Corrective
4 Entry Time Frame: h4
4.1 Entry TF Structure: in the entry time frame market is totally bearish; it takes another low before starting reversal, so we are bear according to our entry time frame
4.2 entry move: Impulse
5 Support resistance base: Previous Order block is resistance
6 FIB: wait for the trigger event and
7 candle Pattern: Change of Guard
8 Chart Pattern: double top
9 Volume: Good volume at the beginning of the move
10 Momentum UNCONVENTIONAL Rsi: Sideways to bullish resistance at RSI 60 Level Basically sideways, but as we know, the overall trend is bearish
11 Volatility measure Bollinger bands: Starting to squeeze sideways
12 strength ADX: total sideways
13 Sentiment ROC: AUD is weaker than CHF
14 final comment: Wait till trigger event and correction 0.6343
15: decision: sell at 0.6343
16 Entry: 0.6343
17 Stop losel: 0.6354
18 Take profit: 0.6290/0.6272
19 Risk to reward Ratio: 1:6
Excepted Duration: 2 Days
🧐Eagle eye: Extremely bear
Monthly: After Retracement, an impulsive move was also established with proper bear direction, and Now the price ready for correction till 0.6580
weekly: weekly higher low type formation begins one swing is the total current price is sideways in the weekly time frame
1 Structure analysis time frame: Daily
2 target time frame: Daily
3 Current Move: Corrective
4 Entry Time Frame: h4
4.1 Entry TF Structure: in the entry time frame market is totally bearish; it takes another low before starting reversal, so we are bear according to our entry time frame
4.2 entry move: Impulse
5 Support resistance base: Previous Order block is resistance
6 FIB: wait for the trigger event and
7 candle Pattern: Change of Guard
8 Chart Pattern: double top
9 Volume: Good volume at the beginning of the move
10 Momentum UNCONVENTIONAL Rsi: Sideways to bullish resistance at RSI 60 Level Basically sideways, but as we know, the overall trend is bearish
11 Volatility measure Bollinger bands: Starting to squeeze sideways
12 strength ADX: total sideways
13 Sentiment ROC: AUD is weaker than CHF
14 final comment: Wait till trigger event and correction 0.6343
15: decision: sell at 0.6343
16 Entry: 0.6343
17 Stop losel: 0.6354
18 Take profit: 0.6290/0.6272
19 Risk to reward Ratio: 1:6
Excepted Duration: 2 Days