π 7 Dimension Analysis
Time Frame: H4
1οΈβ£ Swing Structure: Bullish
π’ Structure Behavior: Breakout of Structure (BoS); Current market is in a sideways mood
π’ Swing Move: Impulsive to sideways
π’ Inducement: Done
π’ Decisional OB: Mitigated, but discount area liquidity is unmitigated yet
π’ Support: Holds the price for the 4th time, indicating strong demand
π’ Trendline: Buildup, prebreak, and a potential spike for tapping extreme areas
π’ Time Frame Confluence: H4, Daily, and Weekly
2οΈβ£ Pattern
π’ CHART PATTERNS: Reversal, Rounding Patterns, Cup and Handle at both daily and H4 with strengthening buildup. Consolidation Rectangle makes this area interesting and demanding.
π’ CANDLE PATTERNS: In this highly consolidated zone, no candlestick pattern is effective. Watch and wait until breakout, then analyze candle behavior at breakout levels.
π’ Volume: High volume throughout consolidation indicates bull dominance. Watch for volume on breakout or fakeouts for a final decision.
4οΈβ£ Momentum RSI
π’ Momentum: Totally sideways
5οΈβ£ Volatility Bollinger Bands
π’ Volatility: Highly contracted
6οΈβ£ Strength According to ROC
π’ Values: NZD is stronger than CAD
π‘ Decision: Wait till breakout or fakeout, but in both scenarios, consider buy positions
π Entry: Breakout at 0.8418 / Fakeout at 8292
β Stop Loss: Breakout at 0.8383 / Fakeout at 8275
π― Take Profit: 0.8978
2nd Exit if Internal Structure changes; also Exit on 3rd trendline breakout, FOMO
π Risk to Reward Ratio: 20
π Expected Duration: 50 days
π SUMMARY: The analysis points to a bullish trend with a strong consolidation zone. Breakout or fakeout opportunities are highlighted, emphasizing a buy strategy. The risk-to-reward ratio is favorable, and a patient approach is recommended until decisive market movements occur.
Time Frame: H4
1οΈβ£ Swing Structure: Bullish
π’ Structure Behavior: Breakout of Structure (BoS); Current market is in a sideways mood
π’ Swing Move: Impulsive to sideways
π’ Inducement: Done
π’ Decisional OB: Mitigated, but discount area liquidity is unmitigated yet
π’ Support: Holds the price for the 4th time, indicating strong demand
π’ Trendline: Buildup, prebreak, and a potential spike for tapping extreme areas
π’ Time Frame Confluence: H4, Daily, and Weekly
2οΈβ£ Pattern
π’ CHART PATTERNS: Reversal, Rounding Patterns, Cup and Handle at both daily and H4 with strengthening buildup. Consolidation Rectangle makes this area interesting and demanding.
π’ CANDLE PATTERNS: In this highly consolidated zone, no candlestick pattern is effective. Watch and wait until breakout, then analyze candle behavior at breakout levels.
π’ Volume: High volume throughout consolidation indicates bull dominance. Watch for volume on breakout or fakeouts for a final decision.
4οΈβ£ Momentum RSI
π’ Momentum: Totally sideways
5οΈβ£ Volatility Bollinger Bands
π’ Volatility: Highly contracted
6οΈβ£ Strength According to ROC
π’ Values: NZD is stronger than CAD
π‘ Decision: Wait till breakout or fakeout, but in both scenarios, consider buy positions
π Entry: Breakout at 0.8418 / Fakeout at 8292
β Stop Loss: Breakout at 0.8383 / Fakeout at 8275
π― Take Profit: 0.8978
2nd Exit if Internal Structure changes; also Exit on 3rd trendline breakout, FOMO
π Risk to Reward Ratio: 20
π Expected Duration: 50 days
π SUMMARY: The analysis points to a bullish trend with a strong consolidation zone. Breakout or fakeout opportunities are highlighted, emphasizing a buy strategy. The risk-to-reward ratio is favorable, and a patient approach is recommended until decisive market movements occur.