7 Dimension Buy Trade Setup for EURUSD Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: H1/M5
1: Swing Structure: Bullish with inducement done. Corrective swing move reaches the extreme POIs, also gives a pullback at the demand level, forming a bullish internal structure. Mitigated all POIs including extreme OB, FVG, and liquidity sweep area inside the structure in the discounted zone. Swing support demand zone plays a significant role at this point and this zone also acts as a change in polarity zone.
2: Pattern
🟢 CHART PATTERNS: Reversal: Double bottom chart patterns also indicate a reversal.
🟢 CANDLE PATTERNS: Momentum: Many bullish and bearish big candles show huge activity in this area, indicating execution momentum is on the sell side and building momentum on the buy side, but buyers look strong. Narrow range 4 pattern possibly formed and a tower bottom is also fully formed, indicating a buy-side reversal.
3: Volume
🟢 Fixed Range: According to this, many bulls are active in this area and have very good buy pressure.
4: Momentum RSI
🟢 With 2 bullish divergences in the bearish range indicating a momentum shift from bearish to sideways range shift.
5: Volatility Bollinger Bands
🟢 After corrective volatility expansion, now volatility is going to cool down and might be for one day, price can consolidate in this range and then start another impulsive move on the bull side with a possible upper band squeeze breakout walking on the band because right at this level we also see a W Bollinger band pattern and lower band puncher.
6: Strength: EUR is strong.
7: Sentiment: All indicators point to buy sentiments.
✔️ Entry Time Frame: M5
✅ Entry TF Structure: CHOCH in M5 and also mitigated all the POIs in entry time frames
☑️ M5 Trend Line Broke
💡 Decision: Buy
🚀 Entry: 1.08845
✋ Stop Loss: 1.08753
🎯 Take Profit: 1.09232
😊 Risk to Reward Ratio: 4.24 RR
🕛 Expected Duration: 2 Days
Short SUMMARY: Analysis supports a strong buy position based on the Smart Money Concepts methodology.
