20 Reason for Sell CHFJPY

27 нояб. 2022 г.

MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: The trend is Super bullish and also taps the highest Ob or resistance so that a reversal can start now-massive volume at the last 12-month candle sign, an execution volume sign of long deep retracement or correction
Monthly: Last strong Bull move hit its target successfully, and now a deep correction is coming. The correction level is some whare 123.00, about 61% of the total move, because there is no FVG or Ob and other support.

Weekly: A lot of liquidity grabs and long wicks bears candle appeared on the top, make back to back higher lows since the last 10 weeks
SUMMARY


1 Structure analysis time frame: D1 a rectangle is formatted most probably lower trend line will breaks and prices will go done
2 target time frame: daily
3 Current Move: impulse
4 Entry Time Frame: H4
4.1 Entry TF Structure: bear
4.2 entry move: impulse
5 Support resistance base: h4 ob tap
6 FIB:
7-candle Pattern: Narrow range
8 Chart Pattern: head and shoulder
9 Volume: extremely high volume at the consolidation phase. It's strange and unusual. It means if the price may go down, it will be so sharp and perpendicular
10 Momentum UNCONVENTIONAL Rsi: sideways between 30 to 60
11 Volatility measure Bollinger bands: middle band resistance
12-strength ADX: full sideways
13 Sentiment ROC: JPY is weaker than CHF. This is not favorable but let see
14 final comments: wait till the lower trend line breakout immediately enter after the breakout
15: decision: sell
16 Entry: 144.785
17 Stop losel:146.345
18 Take profit: 134.55
19 Risk to reward Ratio:1:7
20 Excepted Duration: 15 days