🤑TOP DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: since 1983 to till date AudNad always bear, and same as the current situation is also bearish even though the 12-month candle is still in the bear phase after tapping multiyear FVG Monthly: Between 1.1490 to 9990, a strong multi years consolidation zone and price took a rejection at an upper level last month, and prices went down Weekly: Price going down perpendicular to a record session count also occurred, so there is a high chance to make a correction or retracement move now
1 Structure analysis time frame: D1 a clear downtrend completed last Impulse Move and filled target correction is excepted toward last daily FVG or Extreme Ob A reversal candle also appeared at the bottom 2 target time frame: Daily Correction Move Or counter trend target is about 1.0853 3 Current Move: Corrective 4 Entry Time Frame: H4 4.1 Entry TF Structure: bullish 4.2 entry move: Impulse 5 Support resistance base: H4 Orderblock 6 FIB: trigger event Occurs 7-candle Pattern: Liquidity Sweep 8 Chart Pattern: lower high, Higher high, Bullish 9 Volume: Execution volume at the bottom 10 Momentum UNCONVENTIONAL Rsi: bearish super bearish 11 Volatility measure Bollinger bands: Bearish 12-strength ADX: Bearish 13 Sentiment ROC: AUD is stronger than NzD based on the Rate of change 14 final comments: Wait for retracement 1.0850 area round figure 15: Decision: Once the correction is done, we will short somewhere 1.0853 or 1.0885 areas 16 Entry: 1.0855 17 Stop losel: 1.0870 18 Take profit: 1.0690 19 Risk to reward Ratio: 1:9 Excepted Duration : 4 days
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