🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: The yearly structure remains bearish, but there was a significant shift in price behavior last year, transitioning from bearish to bullish. This shift was accompanied by heavy volumes and a strong internal breakout. Currently, prices are trading within the range of the last yearly move, indicating a bullish to sideways zone.
2:📆Monthly: The overall trend is bullish, and there is an inducement and reversal formation taking place. Prices are currently filling the last bearish fvg area and heading towards an extreme order block, which could act as a trigger event.
3:📅Weekly: There has been a change in price direction, with a bullish sentiment prevailing. The inducement signal is present, and there are no significant resistances on the upside yet, suggesting that prices may continue to move higher.
4:🕛Daily: A valid breakout of the structure has occurred with heavy volume, indicating a shift in market dynamics. However, prices are still consolidating within the breakout zone, and a short correction followed by a bullish continuation move is expected.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: The overall structure is bullish, with a breakout followed by a buildup formation.
6: 2 Pattern Candle Chart: There was a breakout from a double top formation or a narrow range pattern.
7: 3 Volume: There was significant volume at the breakout, confirming the strength of the move.
8: 4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from sideways to bullish range, indicating a bullish momentum.
9: 5 Volatility measure Bollinger bands: Prices are walking along the Bollinger Bands, displaying bullish volatility.
10: 6 Strength ADX: The ADX indicates bullish strength in the market.
11: 7 Sentiment ROC: USD is stronger than JPY based on the rate of change.
✔️ Entry Time Frame: H1
12: Entry TF Structure: The H1 timeframe shows a bearish to bullish Choch pattern, which signals an upside breakout impact.
13: Entry Move: Enter the market impulsively.
14: Support Resistance Base: Consider the CIP (Critical Intraday Pivot) and wait for confirmation.
15: FIB: The trendline breakout can serve as a trigger event.
☑️ final comments: Buy
16: 💡decision: Buy
17: 🚀Entry: 138.759
18: ✋Stop Loss: 137.367
19: 🎯Take Profit: 142
20: 😊Risk to Reward Ratio: 1:4
🕛 Expected Duration: 15 days
1:✨Eagle eye: The yearly structure remains bearish, but there was a significant shift in price behavior last year, transitioning from bearish to bullish. This shift was accompanied by heavy volumes and a strong internal breakout. Currently, prices are trading within the range of the last yearly move, indicating a bullish to sideways zone.
2:📆Monthly: The overall trend is bullish, and there is an inducement and reversal formation taking place. Prices are currently filling the last bearish fvg area and heading towards an extreme order block, which could act as a trigger event.
3:📅Weekly: There has been a change in price direction, with a bullish sentiment prevailing. The inducement signal is present, and there are no significant resistances on the upside yet, suggesting that prices may continue to move higher.
4:🕛Daily: A valid breakout of the structure has occurred with heavy volume, indicating a shift in market dynamics. However, prices are still consolidating within the breakout zone, and a short correction followed by a bullish continuation move is expected.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: The overall structure is bullish, with a breakout followed by a buildup formation.
6: 2 Pattern Candle Chart: There was a breakout from a double top formation or a narrow range pattern.
7: 3 Volume: There was significant volume at the breakout, confirming the strength of the move.
8: 4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from sideways to bullish range, indicating a bullish momentum.
9: 5 Volatility measure Bollinger bands: Prices are walking along the Bollinger Bands, displaying bullish volatility.
10: 6 Strength ADX: The ADX indicates bullish strength in the market.
11: 7 Sentiment ROC: USD is stronger than JPY based on the rate of change.
✔️ Entry Time Frame: H1
12: Entry TF Structure: The H1 timeframe shows a bearish to bullish Choch pattern, which signals an upside breakout impact.
13: Entry Move: Enter the market impulsively.
14: Support Resistance Base: Consider the CIP (Critical Intraday Pivot) and wait for confirmation.
15: FIB: The trendline breakout can serve as a trigger event.
☑️ final comments: Buy
16: 💡decision: Buy
17: 🚀Entry: 138.759
18: ✋Stop Loss: 137.367
19: 🎯Take Profit: 142
20: 😊Risk to Reward Ratio: 1:4
🕛 Expected Duration: 15 days