🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: since 1983 to till date AudNad always bear, and same as the current situation is also bearish even though the 12-month candle is still in the bear phase after tapping multiyear FVG
Monthly: Between 1.1490 to 9990, a strong
multi years consolidation zone and price took a rejection at an upper level last month, and prices went down
Weekly: Price going down perpendicular to a record session count also occurred, so there is a high chance to make a correction or retracement move now
1 Structure analysis time frame: D1 a clear downtrend completed last Impulse Move and filled target correction is excepted toward last daily FVG or Extreme Ob A reversal candle also appeared at the bottom
2 target time frame: Daily Correction Move Or counter trend target is about 1.0853
3 Current Move: Corrective
4 Entry Time Frame: H4
4.1 Entry TF Structure: bullish
4.2 entry move: Impulse
5 Support resistance base: H4 Orderblock
6 FIB: trigger event Occurs
7-candle Pattern: Liquidity Sweep
8 Chart Pattern: lower high, Higher high, Bullish
9 Volume: Execution volume at the bottom
10 Momentum UNCONVENTIONAL Rsi: bearish super bearish
11 Volatility measure Bollinger bands: Bearish
12-strength ADX: Bearish
13 Sentiment ROC: AUD is stronger than NzD based on the Rate of change
14 final comments: Wait for retracement 1.0850 area round figure
15: Decision: Once the correction is done, we will short somewhere 1.0853 or 1.0885 areas
16 Entry: 1.0855
17 Stop losel: 1.0870
18 Take profit: 1.0690
19 Risk to reward Ratio: 1:9
Excepted Duration : 4 days
🧐Eagle eye: since 1983 to till date AudNad always bear, and same as the current situation is also bearish even though the 12-month candle is still in the bear phase after tapping multiyear FVG
Monthly: Between 1.1490 to 9990, a strong
multi years consolidation zone and price took a rejection at an upper level last month, and prices went down
Weekly: Price going down perpendicular to a record session count also occurred, so there is a high chance to make a correction or retracement move now
1 Structure analysis time frame: D1 a clear downtrend completed last Impulse Move and filled target correction is excepted toward last daily FVG or Extreme Ob A reversal candle also appeared at the bottom
2 target time frame: Daily Correction Move Or counter trend target is about 1.0853
3 Current Move: Corrective
4 Entry Time Frame: H4
4.1 Entry TF Structure: bullish
4.2 entry move: Impulse
5 Support resistance base: H4 Orderblock
6 FIB: trigger event Occurs
7-candle Pattern: Liquidity Sweep
8 Chart Pattern: lower high, Higher high, Bullish
9 Volume: Execution volume at the bottom
10 Momentum UNCONVENTIONAL Rsi: bearish super bearish
11 Volatility measure Bollinger bands: Bearish
12-strength ADX: Bearish
13 Sentiment ROC: AUD is stronger than NzD based on the Rate of change
14 final comments: Wait for retracement 1.0850 area round figure
15: Decision: Once the correction is done, we will short somewhere 1.0853 or 1.0885 areas
16 Entry: 1.0855
17 Stop losel: 1.0870
18 Take profit: 1.0690
19 Risk to reward Ratio: 1:9
Excepted Duration : 4 days