🤑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