🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: I think a multiyear downtrend is over now because the market formed a 1985 to 2022 double-bottom bear trap; you can be seen by using a yearly chart that the picture will be clear after if, in 2023 candle is clear inside bar with some bullish momentum
2:📆Monthly: a clear downtrend, but here are some solid reasons for the bull at this level; you can see a consolidation here sweep all downside liquidity and start a bull side move right now
3:📅Weekly: inner structure inducement and impulse move started. At this point, we are seeking only to buy everything in the bull's favor
4:🕛Daily: triple top with a proper bullish structure valid for only Buy entries at a breakout or pullback. Just buy here
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: triple top upside breakout excepted
7: 3 Volume: Every time a massive volume at the bull candle, this indicates buyers are much stronger than the sellers
8: 4 Momentum UNCONVENTIONAL Rsi: Waooo great Rsi almost shift their range from sideways to super bullish zone
9: 5 Volatility measure Bollinger bands: above to middle band some m shape so before breakout a minor correction is excepted for a more decisive move
10: 6 Strength ADX: bullish
11: 7 Sentiment ROC: GBP is more substantial than USD in terms of rate of change monthly period 1
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bullish
13: entry move: we enter only at impulse move so we can wait
14: Support resistance base: recent bullish OB
15: FIB: Not yet
☑️ final comments: wait For Buy until the price does not give us a proper Buy signal at our desired Price
16: 💡decision: Buy Only
17: 🚀Entry: 1.2239 projected
18: ✋Stop losel: 1.2188
19: 🎯Take profit: 1.2557
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 5 day
1:✨Eagle eye: I think a multiyear downtrend is over now because the market formed a 1985 to 2022 double-bottom bear trap; you can be seen by using a yearly chart that the picture will be clear after if, in 2023 candle is clear inside bar with some bullish momentum
2:📆Monthly: a clear downtrend, but here are some solid reasons for the bull at this level; you can see a consolidation here sweep all downside liquidity and start a bull side move right now
3:📅Weekly: inner structure inducement and impulse move started. At this point, we are seeking only to buy everything in the bull's favor
4:🕛Daily: triple top with a proper bullish structure valid for only Buy entries at a breakout or pullback. Just buy here
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: triple top upside breakout excepted
7: 3 Volume: Every time a massive volume at the bull candle, this indicates buyers are much stronger than the sellers
8: 4 Momentum UNCONVENTIONAL Rsi: Waooo great Rsi almost shift their range from sideways to super bullish zone
9: 5 Volatility measure Bollinger bands: above to middle band some m shape so before breakout a minor correction is excepted for a more decisive move
10: 6 Strength ADX: bullish
11: 7 Sentiment ROC: GBP is more substantial than USD in terms of rate of change monthly period 1
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bullish
13: entry move: we enter only at impulse move so we can wait
14: Support resistance base: recent bullish OB
15: FIB: Not yet
☑️ final comments: wait For Buy until the price does not give us a proper Buy signal at our desired Price
16: 💡decision: Buy Only
17: 🚀Entry: 1.2239 projected
18: ✋Stop losel: 1.2188
19: 🎯Take profit: 1.2557
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 5 day