🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: 21-year-old Supported ORDER block is Taped, and after it, prices go up as retracement or corrective move
Monthly: there is one monthly IMBALANCE AREA AROUND 1.0794. It is hard to price reach because of too many resistances between the current level and the monthly FVG
Weekly: price taped with extreme weekly imbalance or FVG area and made a strong reversal candle last week, but this week candle is trying to engulf it and is still below the high, so there is no need to worry because the previous high is protected yet
1 Structure analysis time frame: Daily structure is bullish, and the price is not able to break the previous high we know well previous high is already at the weekly FVG resistance level so
2 target time frame: Daily Breakout points Around 1.0159 to 1.0090 areas 1st initial target if prices give us clear signal because price also give us a daily higher low excepted move is bear or reversal
3 Current Move: Impulse
4 Entry Time Frame: h4
4.1 Entry TF Structure: Choch
4.2 entry move: Sideways Yet
5 Support resistance base: Previous H4 Orderblock
6 FIB: Trigger event at daily
7-candle Pattern: Keyreversals
8 Chart Pattern: Double Top
9 Volume: Big volume at 1st high Low on 2nd Reversal signal because prices make a double top with 2nd leg low volume
10 Momentum UNCONVENTIONAL Rsi: Range Shift from bull to sideways
11 Volatility measure Bollinger bands: M pattern with a volatility divergence Reversal signal
12-strength ADX: Show strong for bulls for an extra signal. We can wait for dmi cross over
13 Sentiment ROC: Eur weaker than USD in terms of rate of change
14 final comments: With open high, we can go with the bears' sell
15: decision: sell
16 Entry: 1.0352
17 Stop losel: 1.04560
18 Take profit: 1.0010
19 Risk to reward Ratio: 1:3
Excepted Duration: 10 days
🧐Eagle eye: 21-year-old Supported ORDER block is Taped, and after it, prices go up as retracement or corrective move
Monthly: there is one monthly IMBALANCE AREA AROUND 1.0794. It is hard to price reach because of too many resistances between the current level and the monthly FVG
Weekly: price taped with extreme weekly imbalance or FVG area and made a strong reversal candle last week, but this week candle is trying to engulf it and is still below the high, so there is no need to worry because the previous high is protected yet
1 Structure analysis time frame: Daily structure is bullish, and the price is not able to break the previous high we know well previous high is already at the weekly FVG resistance level so
2 target time frame: Daily Breakout points Around 1.0159 to 1.0090 areas 1st initial target if prices give us clear signal because price also give us a daily higher low excepted move is bear or reversal
3 Current Move: Impulse
4 Entry Time Frame: h4
4.1 Entry TF Structure: Choch
4.2 entry move: Sideways Yet
5 Support resistance base: Previous H4 Orderblock
6 FIB: Trigger event at daily
7-candle Pattern: Keyreversals
8 Chart Pattern: Double Top
9 Volume: Big volume at 1st high Low on 2nd Reversal signal because prices make a double top with 2nd leg low volume
10 Momentum UNCONVENTIONAL Rsi: Range Shift from bull to sideways
11 Volatility measure Bollinger bands: M pattern with a volatility divergence Reversal signal
12-strength ADX: Show strong for bulls for an extra signal. We can wait for dmi cross over
13 Sentiment ROC: Eur weaker than USD in terms of rate of change
14 final comments: With open high, we can go with the bears' sell
15: decision: sell
16 Entry: 1.0352
17 Stop losel: 1.04560
18 Take profit: 1.0010
19 Risk to reward Ratio: 1:3
Excepted Duration: 10 days