7 Dimension Analysis for AUDCHF 🕛 TOPDOWN
Yearly: A robust and enduring bearish trend has persisted in this pair for the last 50 years.
Monthly: The monthly trend aligns with the bearish sentiment, displaying some inside moves.
Weekly: The market exhibits a strong bearish structure, currently within a descending triangle.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive
🟢 Inducement: Completed
🟢 Impulsive Move: Initiated, indicating the opportune time to enter the market.
🟢 Support Breakout: A significant break of the long support level, accompanied by a major supply and distribution area. Support breakout; the CIP now acts as resistance.
🟢 Traps: Observations of fakeouts at the top and shakeouts.
🟢 Time Frame Confluence: 4H, Daily, Weekly, Monthly
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal patterns like Double Top, a bearish breakout from a Consolidation Rectangle, and continuation patterns like Shakeout Continuation.
🟢 CANDLE PATTERNS: Waiting for market open to observe specific candlestick patterns such as Gaps (Novice, Pro, Window), Kicker Sash, Separating Line, Hero, Piercing/Dark Cloud, and Open Low/High.
3️⃣ Volume
🟢 Fixed Range: Bearish volume dominating throughout the consolidation.
🟢 Massive Volume: Significant volume observed at the breakout level.
4️⃣ Momentum RSI
🟢 Zone: Entered the super bearish zone.
🟢 Range Shift: Confirmed a shift into the super bearish zone.
🟢 Loud Moves: Previous bearish entries initiated with loud moves.
🟢 Grandfather Father Son Entries: A 5-star bearish entry.
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: Acting as resistance.
🟢 Contraction: Beginning, with a W pattern observed, though the overall trend suggests potential ignoring.
🟢 Dual Band Derivation: Supported.
🟢 Band Puncher: Indicating price consolidation in this area.
6️⃣ Strength According to ROC
🟢 Values: CHF stronger than AUD (6.55 vs. 1.14).
7️⃣ Sentiment
If we combine and analyze all these parameters, it's evident that the pair is in a super bearish trend. Hence, the strategy is to wait for corrections and then seek selling positions.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Short
☑️ Current Move: Impulsive
✔ Support Already Broke
☑️ Candles Behavior: Favoring sellers
💡 Decision: Aggressively sell
🚀 Entry: 0.5690
✋ Stop Loss: 0.5801
🎯 Take Profit: 0.5356
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 3
🕛 Expected Duration: 60 days
SUMMARY:
The comprehensive analysis indicates a super bearish trend. The strategy is to aggressively sell, considering the confirmed break of structure, significant supply, and distribution areas. The risk-to-reward ratio is set at 3, anticipating a 60-day duration for the trade.
