🕛 TOPDOWN Analysis - Bullish Momentum Signals for a Long Position
Overview: On the monthly chart, a multi-year valid low preceded a lower high, leading to a triangular consolidation. The recent breakout above the triangle and trendline suggests the potential for a strong bullish momentum, indicating a favorable opportunity for an upward trend. The weekly trend is convincingly bullish, breaking the highest weekly level with a strong bullish closing, setting the stage for a prolonged long position.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: BoS (Breakout and Support)
🟢 Swing Move: Impulsive
🟢 Inducement: Completed
🟢 Pull Back: Potential initiation of the first strong move.
🟢 Support/Resistance Breakout: Successful breakout with a change in polarity support. Post-breakout buildup observed. No apparent traps; strong breakout follow-through and V-shaped recovery.
2️⃣ Pattern
🟢 CHART PATTERNS
Rounding Patterns (Cup and Handle)
Consolidation Rectangle in Handle
Continuation
Shakeout Continuation after Breakout
🟢 CANDLE PATTERNS
Notable Observations:
Record Session Count.
Classic doji at the small move bottom indicating a clear uptrend.
Momentum candle with a heavy shakeout followed by a bullish move.
Open low, maintaining bullish momentum throughout the session.
3️⃣ Volume: Significant volumes observed at the pivot level of this move. Moderate volume at the breakout point.
4️⃣ Momentum RSI:
🟢 RSI Above 60: Indicates a super bullish zone.
🟢 Range Shift: Shifted sideways to bullish, confirming strength in bullish momentum.
🟢 Divergence: Strong hidden bullish divergence observed. Grandfather-father-son entries suggest a perfect bullish entry.
5️⃣ Volatility Bollinger Bands:
🟢 Middle Band Support: Fully intact with the price, forming a base.
🟢 W Pattern: Forming, but given the overall bullish trend, it is considered secondary.
🟢 Dual Band Derivation: Fully supports bulls.
6️⃣ Strength
Rate of Change: NZD is the strongest against JPY at the moment.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Current Move: Impulsive
✔ Support/Resistance Base: Base formed after a strong rally and flag formation at H1 time frame. A breakout from this base indicates a strong buy opportunity.
☑️ Candles Behavior: Record session count and consolidation.
☑️ Final Comments: Buy.
💡 Decision: Enter when the price breaks the current H1 consolidation on the upside.
🚀 Entry: 91.215
✋ Stop Loss: 88.9
🎯 Take Profit: 99.9, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO.
😊 Risk to Reward Ratio: 1:4
🕛 Expected Duration: 15 days
SUMMARY: The analysis indicates a strong bullish momentum, with a monthly breakout and a weekly bullish trend. The daily chart supports a bullish outlook, with key patterns, candle signals, and volume considerations. The suggestion is to buy when the H1 consolidation breaks upward, presenting detailed entry and exit levels, with a risk-to-reward ratio of 1:4, and an expected duration of 15days.
Overview: On the monthly chart, a multi-year valid low preceded a lower high, leading to a triangular consolidation. The recent breakout above the triangle and trendline suggests the potential for a strong bullish momentum, indicating a favorable opportunity for an upward trend. The weekly trend is convincingly bullish, breaking the highest weekly level with a strong bullish closing, setting the stage for a prolonged long position.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: BoS (Breakout and Support)
🟢 Swing Move: Impulsive
🟢 Inducement: Completed
🟢 Pull Back: Potential initiation of the first strong move.
🟢 Support/Resistance Breakout: Successful breakout with a change in polarity support. Post-breakout buildup observed. No apparent traps; strong breakout follow-through and V-shaped recovery.
2️⃣ Pattern
🟢 CHART PATTERNS
Rounding Patterns (Cup and Handle)
Consolidation Rectangle in Handle
Continuation
Shakeout Continuation after Breakout
🟢 CANDLE PATTERNS
Notable Observations:
Record Session Count.
Classic doji at the small move bottom indicating a clear uptrend.
Momentum candle with a heavy shakeout followed by a bullish move.
Open low, maintaining bullish momentum throughout the session.
3️⃣ Volume: Significant volumes observed at the pivot level of this move. Moderate volume at the breakout point.
4️⃣ Momentum RSI:
🟢 RSI Above 60: Indicates a super bullish zone.
🟢 Range Shift: Shifted sideways to bullish, confirming strength in bullish momentum.
🟢 Divergence: Strong hidden bullish divergence observed. Grandfather-father-son entries suggest a perfect bullish entry.
5️⃣ Volatility Bollinger Bands:
🟢 Middle Band Support: Fully intact with the price, forming a base.
🟢 W Pattern: Forming, but given the overall bullish trend, it is considered secondary.
🟢 Dual Band Derivation: Fully supports bulls.
6️⃣ Strength
Rate of Change: NZD is the strongest against JPY at the moment.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Current Move: Impulsive
✔ Support/Resistance Base: Base formed after a strong rally and flag formation at H1 time frame. A breakout from this base indicates a strong buy opportunity.
☑️ Candles Behavior: Record session count and consolidation.
☑️ Final Comments: Buy.
💡 Decision: Enter when the price breaks the current H1 consolidation on the upside.
🚀 Entry: 91.215
✋ Stop Loss: 88.9
🎯 Take Profit: 99.9, 2nd Exit if Internal Structure Changes, 3rd Exit on a trendline breakout or FOMO.
😊 Risk to Reward Ratio: 1:4
🕛 Expected Duration: 15 days
SUMMARY: The analysis indicates a strong bullish momentum, with a monthly breakout and a weekly bullish trend. The daily chart supports a bullish outlook, with key patterns, candle signals, and volume considerations. The suggestion is to buy when the H1 consolidation breaks upward, presenting detailed entry and exit levels, with a risk-to-reward ratio of 1:4, and an expected duration of 15days.