Yearly: The yearly structure is bearish, exhibiting consolidation with frequent shadow rejections.
Monthly: A downward structure with a consolidation phase and lower lows. The last rejection involved a tweezer top, followed by significant bearish momentum.
Weekly: Although the internal structure is bullish, a closer look at the consolidation range reveals stronger bearish presence.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Corrective move indicating a decisional Point of Interest (POI), suggesting a potential bearish reaction.
🟢 Inducement: Induced a liquidity sweep, signaling bearish appearance in the range.
🟢 Internal Structure: Equal highs in a sideways pattern.
🟢 Decisional OB: Mitigated, functioning as a supply level. Awaiting trendline breakout
🟢 Traps: Shakeout observed at this point.
🟢 Time Frame Confluence: H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal patterns like Double Top, Continuation patterns, and an anticipated Shakeout Continuation.
🟢 CANDLE PATTERNS: Notable patterns include Change in Guard Engulf, strict Engulfing with Fakeout, FOMO, classic Tweezer, Tower Top, and Climax players appearing in the same area.
3️⃣ Volume
🟢 Fixed Range: Price situated in a volume pivot area, requiring proper confirmation for decision-making.
🟢 Volume Pivot: Caution in taking any decisions until clear confirmation.
4️⃣ Momentum RSI
🟢 Zone: Currently in a sideways zone.
🟢 Range Shift: Potential shift in range pending confirmation.
🟢 Divergence: Both regular and hidden divergences present, with respect given to regular bullish divergence.
🟢 Loud Moves: Recent downside move prompts awaiting confirmation.
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: Price swinging around the middle band.
🟢 Contraction: Bands moving towards contraction; awaiting either upper or lower break for a proper entry.
🟢 Squeeze Breakout: Anticipated.
🟢 Headfake: Observed at the second top.
🟢 W Pattern: Identified in this price area.
🟢 Band Punchers: Notable at both tops.
6️⃣ Strength According to ROC
🟢 Values: USD -2.77 vs. CAD 0.84.
7️⃣ Sentiment
If we integrate and analyze these parameters, there's a bearish sentiment. The strategy involves opening a short sell entry at the trendline breakout.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ Current Move: Correction at POI
☑️ Candles Behavior: Intact with bears
☑️ FIB Trigger Event: Occurred
☑️ Trendline Breakout: Awaiting
💡 Decision: Open a short sell entry at trendline breakout
🚀 Entry: 1.3313
✋ Stop Loss: 1.3410
🎯 Take Profit: 1.3005
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: 7 days
SUMMARY:
The analysis leans towards a bearish outlook. The decision is to initiate a short sell entry at the trendline breakout, with a risk-to-reward ratio of 1:3, anticipating completion in approximately 7 days.
Monthly: A downward structure with a consolidation phase and lower lows. The last rejection involved a tweezer top, followed by significant bearish momentum.
Weekly: Although the internal structure is bullish, a closer look at the consolidation range reveals stronger bearish presence.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Corrective move indicating a decisional Point of Interest (POI), suggesting a potential bearish reaction.
🟢 Inducement: Induced a liquidity sweep, signaling bearish appearance in the range.
🟢 Internal Structure: Equal highs in a sideways pattern.
🟢 Decisional OB: Mitigated, functioning as a supply level. Awaiting trendline breakout
🟢 Traps: Shakeout observed at this point.
🟢 Time Frame Confluence: H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal patterns like Double Top, Continuation patterns, and an anticipated Shakeout Continuation.
🟢 CANDLE PATTERNS: Notable patterns include Change in Guard Engulf, strict Engulfing with Fakeout, FOMO, classic Tweezer, Tower Top, and Climax players appearing in the same area.
3️⃣ Volume
🟢 Fixed Range: Price situated in a volume pivot area, requiring proper confirmation for decision-making.
🟢 Volume Pivot: Caution in taking any decisions until clear confirmation.
4️⃣ Momentum RSI
🟢 Zone: Currently in a sideways zone.
🟢 Range Shift: Potential shift in range pending confirmation.
🟢 Divergence: Both regular and hidden divergences present, with respect given to regular bullish divergence.
🟢 Loud Moves: Recent downside move prompts awaiting confirmation.
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: Price swinging around the middle band.
🟢 Contraction: Bands moving towards contraction; awaiting either upper or lower break for a proper entry.
🟢 Squeeze Breakout: Anticipated.
🟢 Headfake: Observed at the second top.
🟢 W Pattern: Identified in this price area.
🟢 Band Punchers: Notable at both tops.
6️⃣ Strength According to ROC
🟢 Values: USD -2.77 vs. CAD 0.84.
7️⃣ Sentiment
If we integrate and analyze these parameters, there's a bearish sentiment. The strategy involves opening a short sell entry at the trendline breakout.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ Current Move: Correction at POI
☑️ Candles Behavior: Intact with bears
☑️ FIB Trigger Event: Occurred
☑️ Trendline Breakout: Awaiting
💡 Decision: Open a short sell entry at trendline breakout
🚀 Entry: 1.3313
✋ Stop Loss: 1.3410
🎯 Take Profit: 1.3005
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: 7 days
SUMMARY:
The analysis leans towards a bearish outlook. The decision is to initiate a short sell entry at the trendline breakout, with a risk-to-reward ratio of 1:3, anticipating completion in approximately 7 days.