7 Dimension Analysis for CADJPY
😇 7 Dimension Analysis
Time Frame: H1
1️⃣ Swing Structure: Bullish with Breakout of Structure (BoS) and impulsive move strengthening, lacking inducement
🟢 POI OB: Unmitigated
🟢 Traps: False Breakout observed at the start of the move
2️⃣ Pattern
🟢 CHART PATTERNS: Continuation pattern with a completed flag targeting a possible retracement
🟢 CANDLE PATTERNS: Record Session count of 7, Shrinking long wick ends indicating a short reversal. Last H1 candle shows the entry of climax players, suggesting a potential correction
3️⃣ Volume
🟢 Highest volume observed at breakout and start area of the move, but currently, volume is drying
4️⃣ Momentum RSI
🟢 Currently in a super bullish zone and heavily overbought, indicating a strong need for correction
🟢 Grandfather father son entries perfectly align; waiting for other entries based on this and SMC combine
5️⃣ Volatility Bollinger Bands
🟢 Significant expansion in the price suggests a need for cooling down or contraction and correction
🟢 Market still walking on the band; waiting for it to end
6️⃣ Strength According to ROC
🟢 Values: CAD > JPY, -0.88 vs -4.44
7️⃣ Sentiment
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
✔ Support Resistance Base: OB with FVG and liquidity sweep
☑️ Candles Behavior: Wait for price to reach order block areas
💡 Decision: Seeking buy entries
🚀 Entry: 115.210
✋ Stop Loss: 114.389
🎯 Take Profit: 119.4
😊 Risk to Reward Ratio: 5
🕛 Expected Duration: 5 days
📚 SUMMARY: The analysis suggests a strong bullish trend on the H1 timeframe with indications of potential retracement. Traders are advised to wait for price action confirmation at order block areas before entering buy positions, aiming for a 5-day duration with a favorable risk-to-reward ratio of 5.
Time Frame: H1
1️⃣ Swing Structure: Bullish with Breakout of Structure (BoS) and impulsive move strengthening, lacking inducement
🟢 POI OB: Unmitigated
🟢 Traps: False Breakout observed at the start of the move
2️⃣ Pattern
🟢 CHART PATTERNS: Continuation pattern with a completed flag targeting a possible retracement
🟢 CANDLE PATTERNS: Record Session count of 7, Shrinking long wick ends indicating a short reversal. Last H1 candle shows the entry of climax players, suggesting a potential correction
3️⃣ Volume
🟢 Highest volume observed at breakout and start area of the move, but currently, volume is drying
4️⃣ Momentum RSI
🟢 Currently in a super bullish zone and heavily overbought, indicating a strong need for correction
🟢 Grandfather father son entries perfectly align; waiting for other entries based on this and SMC combine
5️⃣ Volatility Bollinger Bands
🟢 Significant expansion in the price suggests a need for cooling down or contraction and correction
🟢 Market still walking on the band; waiting for it to end
6️⃣ Strength According to ROC
🟢 Values: CAD > JPY, -0.88 vs -4.44
7️⃣ Sentiment
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
✔ Support Resistance Base: OB with FVG and liquidity sweep
☑️ Candles Behavior: Wait for price to reach order block areas
💡 Decision: Seeking buy entries
🚀 Entry: 115.210
✋ Stop Loss: 114.389
🎯 Take Profit: 119.4
😊 Risk to Reward Ratio: 5
🕛 Expected Duration: 5 days
📚 SUMMARY: The analysis suggests a strong bullish trend on the H1 timeframe with indications of potential retracement. Traders are advised to wait for price action confirmation at order block areas before entering buy positions, aiming for a 5-day duration with a favorable risk-to-reward ratio of 5.
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