7 Dimension Sell Setup for EURCHFCORE Analysis Method: Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H1
1️⃣ Swing Structure: Bearish with CHoCH
🟢 Structure Behavior: After a proper CHoCH, price reaches its extreme POI and previous high level, sweeping swing liquidity. Given the already bearish character, there is a high chance of further downside movement.
🟢 Internal Structure: Shows weakness with consolidation formation.
🟢 POI: Since liquidity is always swept at the extreme high, this is a high-probability sell area.
2️⃣ Pattern
🟢 CHART PATTERNS:
Reversal: Rounding Patterns, Double top.
🟢 CANDLE PATTERNS:
Momentum: BUY Side FOMO appeared, followed by strong bearish candles at this point.
3️⃣ Volume
🟢 Volume on Breakout: Indicates no significant volume on the bullish side; bears are more in control at this point.
🟢 Volume: Increases whenever bearish candles are observed.
4️⃣ Momentum RSI
🟢 Range Shift: From bullish to sideways, with a preceding divergence and a loud move indicating loss of momentum.
5️⃣ Volatility Bollinger Bands
🟢 Squeeze Breakout: With walking on the band, forming on the bearish side.
6️⃣ Strength: Bears are taking control.
7️⃣ Sentiment: Highly bearish.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish, with liquidity sweep at extreme POI.
💡 Decision: Sell at opening.
🚀 Entry: 0.9749
✋ Stop Loss: 0.9762
🎯 Take Profit: 0.9604
😊 Risk to Reward Ratio: 11RR
🕛 Expected Duration: 5 days
SUMMARY
The analysis identifies a bearish swing structure on the H1 time frame, marked by a Change of Character (CHoCH) and a move towards an extreme Point of Interest (POI). The price has swept swing liquidity, and with an already bearish character, there's a high probability of continued downside. Internal structure shows weakness with consolidation, indicating bearish control.
Reversal chart patterns such as rounding patterns and double tops are noted, along with significant bearish candle patterns following initial BUY side FOMO. Volume analysis indicates increased bearish volume compared to bullish, suggesting bears are gaining control. Momentum indicators, including RSI, show a range shift from bullish to sideways with preceding divergence and loss of momentum.
Bollinger Bands indicate a bearish squeeze breakout, with strength favoring the bears. Sentiment is highly bearish, leading to a decision to sell at opening. Entry is planned at 0.9749 with a stop loss at 0.9762 and a take profit target at 0.9604, providing an 11:1 risk to reward ratio. The expected duration for this trade setup is 5 days, contingent on continued bearish momentum and price behavior as outlined.
