🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: I think a multiyear downtrend is over now because the market formed a 1985 to 2022 double-bottom bear trap; you can be seen by using a yearly chart that the picture will be clear after if, in 2023 candle is clear inside bar with some bullish momentum 2:📆Monthly: a clear downtrend, but here are some solid reasons for the bull at this level; you can see a consolidation here sweep all downside liquidity and start a bull side move right now 3:📅Weekly: inner structure inducement and impulse move started. At this point, we are seeking only to buy everything in the bull's favor 4:🕛Daily: triple top with a proper bullish structure valid for only Buy entries at a breakout or pullback. Just buy here
😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart: triple top upside breakout excepted 7: 3 Volume: Every time a massive volume at the bull candle, this indicates buyers are much stronger than the sellers 8: 4 Momentum UNCONVENTIONAL Rsi: Waooo great Rsi almost shift their range from sideways to super bullish zone 9: 5 Volatility measure Bollinger bands: above to middle band some m shape so before breakout a minor correction is excepted for a more decisive move 10: 6 Strength ADX: bullish 11: 7 Sentiment ROC: GBP is more substantial than USD in terms of rate of change monthly period 1
✔️ Entry Time Frame: H4 12: Entry TF Structure: Bullish 13: entry move: we enter only at impulse move so we can wait 14: Support resistance base: recent bullish OB 15: FIB: Not yet
☑️ final comments: wait For Buy until the price does not give us a proper Buy signal at our desired Price 16: 💡decision: Buy Only 17: 🚀Entry: 1.2239 projected 18: ✋Stop losel: 1.2188 19: 🎯Take profit: 1.2557 20: 😊Risk to reward Ratio: 1:6 🕛 Excepted Duration: 5 day