Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: H1
1: Swing Structure: The market is basically in a bearish to sideways zone. After the last lower low, there was no significant corrective swing move. With 4 pullbacks, it has almost reached the extreme POI OB at the Premier area of the structure.
🟢 Entry Model: ABCD
A strong resistance or demand zone has already formed at this level.
2: Pattern
🟢 CHART PATTERNS:
Reversal: Double top at the demand zone makes this very appealing for sellers.
🟢 CANDLE PATTERNS:
Momentum: FOMO candle indicates last players or profit-takers are active. Dark cloud cover at the top of the move. Tower top candlestick pattern is also complete and respects the market.
3: Volume:
Very high selling volume observed at the top. After an inside correction, there is no volume when the price goes up for another move, indicating no buyers are interested. So, we can see sell opportunities here as every swing shows a decline in volume.
4: Momentum RSI
🟢 Surprisingly, the market is in a super bullish momentum zone with no signs of range shift or divergence. In terms of momentum, there is no single sign for a sell, which is strange here.
5: Volatility Bollinger Bands
🟢 Contraction is fully held yet and everything supports a bullish view. It’s confusing as there are no bearish signs in volatility terms. However, a bearish M pattern is forming, though it's not a strong sell signal at the start. A band puncher is also in place.
6: Strength: Bulls are in power yet.
7: Sentiment: The market does not give us any proper signal yet. According to price action, there is a bearish setup, and volume supports it, but momentum, volatility, and strength do not. It's better to wait for a proper setup. I favor bears but only after further confirmations. So, I am going to check the lower time frame (M5).
✔️ Entry Time Frame: M5
✅ Entry TF Structure: Corrective
✔ Entry Time POI: Mitigated
☑️ Trend line breakout: Done
💡 Decision: Sell
🚀 Entry: 1.3766
✋ Stop Loss: 1.3780
🎯 Take Profit: 1.3650
😊 Risk to Reward Ratio: 7RR
🕛 Expected Duration: 4 Days
SUMMARY: Analysis supports a cautious sell position based on Smart Money Concepts methodology, pending further confirmations due to mixed signals in momentum and volatility.
😇7 Dimension Analysis
Time Frame: H1
1: Swing Structure: The market is basically in a bearish to sideways zone. After the last lower low, there was no significant corrective swing move. With 4 pullbacks, it has almost reached the extreme POI OB at the Premier area of the structure.
🟢 Entry Model: ABCD
A strong resistance or demand zone has already formed at this level.
2: Pattern
🟢 CHART PATTERNS:
Reversal: Double top at the demand zone makes this very appealing for sellers.
🟢 CANDLE PATTERNS:
Momentum: FOMO candle indicates last players or profit-takers are active. Dark cloud cover at the top of the move. Tower top candlestick pattern is also complete and respects the market.
3: Volume:
Very high selling volume observed at the top. After an inside correction, there is no volume when the price goes up for another move, indicating no buyers are interested. So, we can see sell opportunities here as every swing shows a decline in volume.
4: Momentum RSI
🟢 Surprisingly, the market is in a super bullish momentum zone with no signs of range shift or divergence. In terms of momentum, there is no single sign for a sell, which is strange here.
5: Volatility Bollinger Bands
🟢 Contraction is fully held yet and everything supports a bullish view. It’s confusing as there are no bearish signs in volatility terms. However, a bearish M pattern is forming, though it's not a strong sell signal at the start. A band puncher is also in place.
6: Strength: Bulls are in power yet.
7: Sentiment: The market does not give us any proper signal yet. According to price action, there is a bearish setup, and volume supports it, but momentum, volatility, and strength do not. It's better to wait for a proper setup. I favor bears but only after further confirmations. So, I am going to check the lower time frame (M5).
✔️ Entry Time Frame: M5
✅ Entry TF Structure: Corrective
✔ Entry Time POI: Mitigated
☑️ Trend line breakout: Done
💡 Decision: Sell
🚀 Entry: 1.3766
✋ Stop Loss: 1.3780
🎯 Take Profit: 1.3650
😊 Risk to Reward Ratio: 7RR
🕛 Expected Duration: 4 Days
SUMMARY: Analysis supports a cautious sell position based on Smart Money Concepts methodology, pending further confirmations due to mixed signals in momentum and volatility.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.