🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The market has formed a bearish structure with a valid low. There is no significant area of imbalance or point of interest where price can touch and reverse. Upon closer examination, there are only two significant bullish candles in this range, both with high volumes. Despite the bearish structure, there have been no significant downside moves, indicating profit booking and institutional buying in this area. There is only one spike indicating a liquidity grab, followed by an inability to sustain downward momentum. In 2022, prices made a 5-year low and closed with a doji. Since the start of 2023, prices have exhibited consistent bullish strength, breaking the highs of the last two years. This provides a clear bullish picture.
2:📆Monthly: After a valid bullish BOS, the market entered a corrective phase where it absorbed liquidity and formed internal bullish structures. The monthly trend line is now approaching, and a break above this trend line would confirm the bullish trend. However, it is likely that price may undergo a small consolidation before the breakout.
3:📅Weekly: A clean and complete bullish structure is visible here, with a proper BOS. The market now has a clear view, and it is highly probable that price will continue to move higher after forming a valid high. There was an inducement at one point, followed by a quick bullish move, indicating active buying in this area to protect these levels. For now, it is recommended to trade within the weekly range until a breakout occurs, at which point new entries can be considered.
4:🕛Daily: The market has formed a proper bullish structure, and the corrective move has been completed. It is now suitable to initiate buy positions as everything is confirming the bullish outlook. Notably, during the recent corrective move, there was significant volume in the bullish candle, signaling a buy opportunity.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: Momentum candle
7: 3 Volume: High volume at the low, but the candle is bullish
8: 4 Momentum UNCONVENTIONAL RSI: Sideways for now, but the initial move has started with a divergence
9: 5 Volatility measure Bollinger Bands: No volatility yet, indicating calm before a potential storm
10: 6 Strength ADX: Bulls are gaining strength
11: 7 Sentiment ROC: EUR is strong
✔️ Entry Time Frame: H1
12: Entry TF Structure: Bullish
13: Entry Move: Impulsive
14: Support Resistance Base: Previous order block
15: FIB: Trendline support
☑️ Final comments: Buy
16: 💡Decision: Buy
17: 🚀Entry: 1.7703
18: ✋Stop Loss: 1.7575
19: 🎯Take Profit: 1.7990
20: 😊Risk to Reward Ratio: 1:2
🕛 Expected Duration: 10 days.
1:✨Eagle eye: The market has formed a bearish structure with a valid low. There is no significant area of imbalance or point of interest where price can touch and reverse. Upon closer examination, there are only two significant bullish candles in this range, both with high volumes. Despite the bearish structure, there have been no significant downside moves, indicating profit booking and institutional buying in this area. There is only one spike indicating a liquidity grab, followed by an inability to sustain downward momentum. In 2022, prices made a 5-year low and closed with a doji. Since the start of 2023, prices have exhibited consistent bullish strength, breaking the highs of the last two years. This provides a clear bullish picture.
2:📆Monthly: After a valid bullish BOS, the market entered a corrective phase where it absorbed liquidity and formed internal bullish structures. The monthly trend line is now approaching, and a break above this trend line would confirm the bullish trend. However, it is likely that price may undergo a small consolidation before the breakout.
3:📅Weekly: A clean and complete bullish structure is visible here, with a proper BOS. The market now has a clear view, and it is highly probable that price will continue to move higher after forming a valid high. There was an inducement at one point, followed by a quick bullish move, indicating active buying in this area to protect these levels. For now, it is recommended to trade within the weekly range until a breakout occurs, at which point new entries can be considered.
4:🕛Daily: The market has formed a proper bullish structure, and the corrective move has been completed. It is now suitable to initiate buy positions as everything is confirming the bullish outlook. Notably, during the recent corrective move, there was significant volume in the bullish candle, signaling a buy opportunity.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: Momentum candle
7: 3 Volume: High volume at the low, but the candle is bullish
8: 4 Momentum UNCONVENTIONAL RSI: Sideways for now, but the initial move has started with a divergence
9: 5 Volatility measure Bollinger Bands: No volatility yet, indicating calm before a potential storm
10: 6 Strength ADX: Bulls are gaining strength
11: 7 Sentiment ROC: EUR is strong
✔️ Entry Time Frame: H1
12: Entry TF Structure: Bullish
13: Entry Move: Impulsive
14: Support Resistance Base: Previous order block
15: FIB: Trendline support
☑️ Final comments: Buy
16: 💡Decision: Buy
17: 🚀Entry: 1.7703
18: ✋Stop Loss: 1.7575
19: 🎯Take Profit: 1.7990
20: 😊Risk to Reward Ratio: 1:2
🕛 Expected Duration: 10 days.