7 Dimension Analysis For GBPCHF
🕛 TOPDOWN - GBP/CHF Bearish Continuation Setup
Overview:
The yearly, monthly, and weekly analyses suggest a robust bearish structure for GBP/CHF. The pair has recently broken multi-year support levels and is exhibiting characteristics of a continued bearish move. The daily analysis indicates a corrective move in progress, offering an opportunity for a bearish entry.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Breakout Of Structure (BoS).
🟢 Swing Move: Corrective move near previous high areas, creating a supply zone.
🟢 Inducement: Done with liquidity sweep but unable to sustain, returning to the inside rectangle support area.
🟢 Pull Back: 1st and deep pullback observed, favorable for continuation.
🟢 Internal Structure: Sideways.
🟢 Ext OB: Mitigated.
🟢 Resistance /Supply Zone: Strong resistance, creating supply, distribution about to start. Trendline breached. Weekly support breakout/CIP acting as resistance.
🟢 Time Frame Confluence: Daily, weekly, monthly, yearly – All time frames show important resistance at the current point.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal: Double top.
Consolidation Rectangle: Observed on both weekly and daily, color-coded.
Shakeout Continuation: Expected on the bearish side.
🟢 CANDLE PATTERNS
Key Considerations:
Momentum candle observed in the green rectangle area.
Tower top candlestick pattern observed in the green rectangle, suggesting a potential downturn.
3️⃣ Volume:
🟢 Fixed Range shows bearish activity dominating.
🟢 Lack of volume during the green rectangle, but a significant bearish candle observed afterward, signifying a strong bearish sentiment.
4️⃣ Momentum RSI:
🟢 In the bearish to sideways zone.
🟢 Strong bearish range shift.
🟢 Bearish hidden divergence observed at the previous top.
🟢 Grandfather-father-son entries indicating a strong sell signal.
5️⃣ Volatility Bollinger Bands:
🟢 Price below the middle band.
🟢 Volatility contraction observed, awaiting the breakout.
🟢 Squeeze breakout yet to occur.
6️⃣ Strength According to ROC:
🟢 Values are approximately the same.
7️⃣ Sentiment: All indicators suggest a strong short wave is imminent.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish.
☑️ Current Move: Impulsive.
✔ Support/Resistance Base: Everything discussed above.
☑️ Candles Behavior: Supporting bears with gaining momentum.
☑️ FIB Trigger Event: Confirmed.
☑️ Trend Line Breakout: Confirmed.
💡 Decision: Ready for sell.
🚀 Entry: 1.0993
✋ Stop Loss: 1.1160
🎯 Take Profit: 1.0400
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:4
🕛 Expected Duration: 60 days
SUMMARY: The analysis supports a bearish continuation setup for GBP/CHF. The corrective move provides an entry opportunity, and various technical factors align for a potential profitable trade. Monitoring the trade for any changes in internal structure or trendline breakout is essential.
Overview:
The yearly, monthly, and weekly analyses suggest a robust bearish structure for GBP/CHF. The pair has recently broken multi-year support levels and is exhibiting characteristics of a continued bearish move. The daily analysis indicates a corrective move in progress, offering an opportunity for a bearish entry.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Breakout Of Structure (BoS).
🟢 Swing Move: Corrective move near previous high areas, creating a supply zone.
🟢 Inducement: Done with liquidity sweep but unable to sustain, returning to the inside rectangle support area.
🟢 Pull Back: 1st and deep pullback observed, favorable for continuation.
🟢 Internal Structure: Sideways.
🟢 Ext OB: Mitigated.
🟢 Resistance /Supply Zone: Strong resistance, creating supply, distribution about to start. Trendline breached. Weekly support breakout/CIP acting as resistance.
🟢 Time Frame Confluence: Daily, weekly, monthly, yearly – All time frames show important resistance at the current point.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal: Double top.
Consolidation Rectangle: Observed on both weekly and daily, color-coded.
Shakeout Continuation: Expected on the bearish side.
🟢 CANDLE PATTERNS
Key Considerations:
Momentum candle observed in the green rectangle area.
Tower top candlestick pattern observed in the green rectangle, suggesting a potential downturn.
3️⃣ Volume:
🟢 Fixed Range shows bearish activity dominating.
🟢 Lack of volume during the green rectangle, but a significant bearish candle observed afterward, signifying a strong bearish sentiment.
4️⃣ Momentum RSI:
🟢 In the bearish to sideways zone.
🟢 Strong bearish range shift.
🟢 Bearish hidden divergence observed at the previous top.
🟢 Grandfather-father-son entries indicating a strong sell signal.
5️⃣ Volatility Bollinger Bands:
🟢 Price below the middle band.
🟢 Volatility contraction observed, awaiting the breakout.
🟢 Squeeze breakout yet to occur.
6️⃣ Strength According to ROC:
🟢 Values are approximately the same.
7️⃣ Sentiment: All indicators suggest a strong short wave is imminent.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish.
☑️ Current Move: Impulsive.
✔ Support/Resistance Base: Everything discussed above.
☑️ Candles Behavior: Supporting bears with gaining momentum.
☑️ FIB Trigger Event: Confirmed.
☑️ Trend Line Breakout: Confirmed.
💡 Decision: Ready for sell.
🚀 Entry: 1.0993
✋ Stop Loss: 1.1160
🎯 Take Profit: 1.0400
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:4
🕛 Expected Duration: 60 days
SUMMARY: The analysis supports a bearish continuation setup for GBP/CHF. The corrective move provides an entry opportunity, and various technical factors align for a potential profitable trade. Monitoring the trade for any changes in internal structure or trendline breakout is essential.
Trade active:
Entry triggerd
Trade active:
Price broke the resistance area with significant volume and momentum. Now, we're set to ride this run until the target. Let the journey unfold!"
Trade active:
"The Friday candle appears to be a liquidity sweep, but all other factors align with our analysis. We will maintain our position."
Trade active:
"After a rectangle breakout with a proper pullback, the price has resumed its move towards our target. Hold onto this position until the target is reached and enjoy the profits."
Comment:
An impulsive swing has commenced with strong momentum and volatility. Hold the position until the target is reached.
Comment:
Corrective leg is almost completed We maintain our position with unwavering confidence, as the analysis and market structure on our timeframe remain unchanged. Staying committed to our strategy. #ProfessionalTrading"