β¨ Eagle Eye: Looking at the 50-year historical trend, we observe a continuously low and extremely bearish pattern. π Monthly: Price has recently tapped the monthly FVG and has started a new bearish move. π Weekly: The weekly internal structure BOS suggests another strong bearish impulsive move. π Daily: A clean bearish formation has formed, and we need to seek short sell entries to participate in a long bearish run. π 7 Dimension Analysis π’ Analysis Time Frame: Daily
1 Price Structure: Bearish 2 Pattern Candle Chart: Double top with internal BOS 3 Volume: The volume behavior is unusual. We need to wait for the breakout to confirm the market sentiment. 4 Momentum UNCONVENTIONAL RSI: Sideways momentum is observed at this point. 5 Volatility measure Bollinger bands: Double top formation is evident. 6 Strength ADX: The bearish DMI is currently in strength. 7 Sentiment ROC: CHF is stronger than EUR currently. βοΈ Entry Time Frame: H4 12. Entry TF Structure: Bearish
Entry Move: Impulsive Support Resistance Base: Support breakout is necessary for entry. FIB: Support breakout is required. βοΈ Final Comments: We should sell at the breakout. Once the price gives a closing signal below the support level, we can enter a short sell position. 16. π‘Decision: Sell
π Entry: 0.9845 β Stop Loss: 0.9892 π― Take Profit: 0.9760 π Risk to Reward Ratio: 1:2 π Expected Duration: 5 days