🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: bearish trape at yearly time frame at 38 years support level with a long wick
2 📆Monthly: Multi-month a strong downtrend with a lot of momentum, and currently, the market is in a corrective phase and also has some open area for upside continuation
3 📅Weekly: with a panic bottom break, previous resistance also retested the 38 fib level last week, indicating another strong upside move. Weekly structures also change in character
4 🕛Daily: Daily, a clean uptrend about to start their 3rd impulse move so that we can have an edge ride with it but with proper Risk to reward a 50% chance to win
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: rounding and a classic flag pattern
7: 3 Volume: high volume at every bullish candle, so bulls are in full control this time in the market
8: 4 Momentum UNCONVENTIONAL Rsi: Momentum is sideways, yet as the previous momentum is bullish
9: 5 Volatility measure Bollinger bands: middle band support also in the bullish phase
10: 6 Strength ADX: total sideways
11: 7 Sentiment ROC: GBP beats USD since 2 month
✔️ Entry Time Frame: H4
12: Entry TF Structure: bullish
13: entry move: right corrective
14: Support resistance base: previous wick order block
15: FIB: wait, yet
☑️ final comments: we can buy
16: 💡decision: Buy
17: 🚀Entry: 1.2180
18: ✋Stop losel: 1.2085
19: 🎯Take profit: 1.2837
20: 😊 Risk to reward Ratio: 1:7
🕛 Excepted Duration: 1 month
1 ✨Eagle eye: bearish trape at yearly time frame at 38 years support level with a long wick
2 📆Monthly: Multi-month a strong downtrend with a lot of momentum, and currently, the market is in a corrective phase and also has some open area for upside continuation
3 📅Weekly: with a panic bottom break, previous resistance also retested the 38 fib level last week, indicating another strong upside move. Weekly structures also change in character
4 🕛Daily: Daily, a clean uptrend about to start their 3rd impulse move so that we can have an edge ride with it but with proper Risk to reward a 50% chance to win
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bullish
6: 2 Pattern Candle Chart: rounding and a classic flag pattern
7: 3 Volume: high volume at every bullish candle, so bulls are in full control this time in the market
8: 4 Momentum UNCONVENTIONAL Rsi: Momentum is sideways, yet as the previous momentum is bullish
9: 5 Volatility measure Bollinger bands: middle band support also in the bullish phase
10: 6 Strength ADX: total sideways
11: 7 Sentiment ROC: GBP beats USD since 2 month
✔️ Entry Time Frame: H4
12: Entry TF Structure: bullish
13: entry move: right corrective
14: Support resistance base: previous wick order block
15: FIB: wait, yet
☑️ final comments: we can buy
16: 💡decision: Buy
17: 🚀Entry: 1.2180
18: ✋Stop losel: 1.2085
19: 🎯Take profit: 1.2837
20: 😊 Risk to reward Ratio: 1:7
🕛 Excepted Duration: 1 month