π TOPDOWN
Yearly: A robust and enduring bearish trend has persisted in this pair for the last 50 years.
Monthly: The monthly trend aligns with the bearish sentiment, displaying some inside moves.
Weekly: The market exhibits a strong bearish structure, currently within a descending triangle.
π 7 Dimension Analysis
Time Frame: H4
1οΈβ£ Swing Structure: Bearish
π’ Structure Behavior: Break of Structure (BoS)
π’ Swing Move: Impulsive
π’ Inducement: Completed
π’ Impulsive Move: Initiated, indicating the opportune time to enter the market.
π’ Support Breakout: A significant break of the long support level, accompanied by a major supply and distribution area. Support breakout; the CIP now acts as resistance.
π’ Traps: Observations of fakeouts at the top and shakeouts.
π’ Time Frame Confluence: 4H, Daily, Weekly, Monthly
2οΈβ£ Pattern
π’ CHART PATTERNS: Reversal patterns like Double Top, a bearish breakout from a Consolidation Rectangle, and continuation patterns like Shakeout Continuation.
π’ CANDLE PATTERNS: Waiting for market open to observe specific candlestick patterns such as Gaps (Novice, Pro, Window), Kicker Sash, Separating Line, Hero, Piercing/Dark Cloud, and Open Low/High.
3οΈβ£ Volume
π’ Fixed Range: Bearish volume dominating throughout the consolidation.
π’ Massive Volume: Significant volume observed at the breakout level.
4οΈβ£ Momentum RSI
π’ Zone: Entered the super bearish zone.
π’ Range Shift: Confirmed a shift into the super bearish zone.
π’ Loud Moves: Previous bearish entries initiated with loud moves.
π’ Grandfather Father Son Entries: A 5-star bearish entry.
5οΈβ£ Volatility Bollinger Bands
π’ Middle Band: Acting as resistance.
π’ Contraction: Beginning, with a W pattern observed, though the overall trend suggests potential ignoring.
π’ Dual Band Derivation: Supported.
π’ Band Puncher: Indicating price consolidation in this area.
6οΈβ£ Strength According to ROC
π’ Values: CHF stronger than AUD (6.55 vs. 1.14).
7οΈβ£ Sentiment
If we combine and analyze all these parameters, it's evident that the pair is in a super bearish trend. Hence, the strategy is to wait for corrections and then seek selling positions.
βοΈ Entry Time Frame: H4
β Entry TF Structure: Short
βοΈ Current Move: Impulsive
β Support Already Broke
βοΈ Candles Behavior: Favoring sellers
π‘ Decision: Aggressively sell
π Entry: 0.5690
β Stop Loss: 0.5801
π― Take Profit: 0.5356
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
π Risk to Reward Ratio: 3
π Expected Duration: 60 days
SUMMARY:
The comprehensive analysis indicates a super bearish trend. The strategy is to aggressively sell, considering the confirmed break of structure, significant supply, and distribution areas. The risk-to-reward ratio is set at 3, anticipating a 60-day duration for the trade.
Yearly: A robust and enduring bearish trend has persisted in this pair for the last 50 years.
Monthly: The monthly trend aligns with the bearish sentiment, displaying some inside moves.
Weekly: The market exhibits a strong bearish structure, currently within a descending triangle.
π 7 Dimension Analysis
Time Frame: H4
1οΈβ£ Swing Structure: Bearish
π’ Structure Behavior: Break of Structure (BoS)
π’ Swing Move: Impulsive
π’ Inducement: Completed
π’ Impulsive Move: Initiated, indicating the opportune time to enter the market.
π’ Support Breakout: A significant break of the long support level, accompanied by a major supply and distribution area. Support breakout; the CIP now acts as resistance.
π’ Traps: Observations of fakeouts at the top and shakeouts.
π’ Time Frame Confluence: 4H, Daily, Weekly, Monthly
2οΈβ£ Pattern
π’ CHART PATTERNS: Reversal patterns like Double Top, a bearish breakout from a Consolidation Rectangle, and continuation patterns like Shakeout Continuation.
π’ CANDLE PATTERNS: Waiting for market open to observe specific candlestick patterns such as Gaps (Novice, Pro, Window), Kicker Sash, Separating Line, Hero, Piercing/Dark Cloud, and Open Low/High.
3οΈβ£ Volume
π’ Fixed Range: Bearish volume dominating throughout the consolidation.
π’ Massive Volume: Significant volume observed at the breakout level.
4οΈβ£ Momentum RSI
π’ Zone: Entered the super bearish zone.
π’ Range Shift: Confirmed a shift into the super bearish zone.
π’ Loud Moves: Previous bearish entries initiated with loud moves.
π’ Grandfather Father Son Entries: A 5-star bearish entry.
5οΈβ£ Volatility Bollinger Bands
π’ Middle Band: Acting as resistance.
π’ Contraction: Beginning, with a W pattern observed, though the overall trend suggests potential ignoring.
π’ Dual Band Derivation: Supported.
π’ Band Puncher: Indicating price consolidation in this area.
6οΈβ£ Strength According to ROC
π’ Values: CHF stronger than AUD (6.55 vs. 1.14).
7οΈβ£ Sentiment
If we combine and analyze all these parameters, it's evident that the pair is in a super bearish trend. Hence, the strategy is to wait for corrections and then seek selling positions.
βοΈ Entry Time Frame: H4
β Entry TF Structure: Short
βοΈ Current Move: Impulsive
β Support Already Broke
βοΈ Candles Behavior: Favoring sellers
π‘ Decision: Aggressively sell
π Entry: 0.5690
β Stop Loss: 0.5801
π― Take Profit: 0.5356
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
π Risk to Reward Ratio: 3
π Expected Duration: 60 days
SUMMARY:
The comprehensive analysis indicates a super bearish trend. The strategy is to aggressively sell, considering the confirmed break of structure, significant supply, and distribution areas. The risk-to-reward ratio is set at 3, anticipating a 60-day duration for the trade.
Comment:
Our analysis aligns seamlessly with the current price. No need for adjustments; we'll calmly hold our position until we reach the target. Staying true to our analysis as long as the trend favors us. πβ¨ #SteadyTrading"