🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: Multi-year bearish trend in effect. 2:📆Monthly: Market made an insider high and low, but was rejected from the monthly order block. 3:📅Weekly: Market structure is bearish, but it filled out the last swing 50% area and respected a strong reversal upside signal with a double bottom formation. 4:🕛Daily: Daily structure is bullish and the market completed its inducement, indicating an overall bullish trend. Market may go above 0.7100 levels after a long consolidation.
😇7 Dimension analysis 🟢 Analysis time frame: H4 5: 1 Price Structure: Sideways 6: 2 Pattern Candle Chart: Double Top 7: 3 Volume: High volume during this period suggests buyers are active somewhere. 8: 4 Momentum UNCONVENTIONAL RSI: Above 60, indicating a super bullish zone. 9: 5 Volatility measure Bollinger Bands: High bullish volatility. 10: 6 Strength ADX: Bulls are in power. 11: 7 Sentiment ROC: AUD is the strongest this week.
✔️ Entry Time Frame: 15 Min 12: Entry TF Structure: Bullish 13: Entry Move: Impulsive 14: Support Resistance Base: Last FVG should be a support. 15: Wait for a trigger event.
☑️ Final Comments: Buy at support or breakout. 16: 💡Decision: Buy 17: 🚀Entry: 0.6725 18: ✋Stop Loss: 0.6687 19: 🎯Take Profit: 0.6900 20: 😊Risk to Reward Ratio: 1:5 🕛 Expected Duration: 3 Days