1:5 Risk to rewad 7 Dimension Buy setup For GBPCAD
Diupdate
Core Analysis Method
Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1: Swing Structure: The structure is totally bullish with proper BOS, taking two inducements. The corrective swing move with 4 pullbacks is almost done, indicating an upside reversal or impulsive move is about to start. All POIs, OBs, SOBs, BBs, FVGs, and LIQs have been mitigated. The current price is in the discounted zone, with support and demand also present.
2: Pattern
🟢 CHART PATTERNS
Reversal: Will monitor for any bullish patterns forming; none observed yet.
🟢 CANDLE PATTERNS
Record session and shrinking candle patterns are forming and finalizing themselves at the POI.
3: Volume
🟢 A massive volume was observed during the corrective move, but it has significantly decreased, indicating profit-taking or a trap for sellers.
4: Momentum RSI
🟢 In the sell zone with a range shift and divergence at the top of the move, indicating weaker bullish control. Observing what happens at the POI.
5: Volatility Bollinger Bands
🟢 After contraction, a squeeze breakout and walking on the band conditions are fulfilled. The great expansion is also about to end, indicating that bearish-side volatility is ending. The price may do a small consolidation at this level, and with the support of the bullish structure, the next volatility might go towards the bullish side.
6: Strength ADX
Total sideways at this point.
7: Rating: ⭐⭐⭐⭐ (because momentum is not supporting this setup yet, but all other parameters indicate an initial bullish setup)
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bullish
☑️ POI: Extreme Order Flow
💡 Decision: Buy limit
🚀 Entry: 1.7406
✋ Stop loss: 1.7257
🎯 Take profit: 1.8161
😊 Risk to reward Ratio: 5RR
🕛 Expected Duration: 15 days
SUMMARY: The analysis suggests a buy position based on Smart Money Concepts methodology, with structure, patterns, volume, momentum, volatility, strength, and sentiment indicating a potential bullish move. However, the momentum is currently not fully supportive, so caution is advised.
Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1: Swing Structure: The structure is totally bullish with proper BOS, taking two inducements. The corrective swing move with 4 pullbacks is almost done, indicating an upside reversal or impulsive move is about to start. All POIs, OBs, SOBs, BBs, FVGs, and LIQs have been mitigated. The current price is in the discounted zone, with support and demand also present.
2: Pattern
🟢 CHART PATTERNS
Reversal: Will monitor for any bullish patterns forming; none observed yet.
🟢 CANDLE PATTERNS
Record session and shrinking candle patterns are forming and finalizing themselves at the POI.
3: Volume
🟢 A massive volume was observed during the corrective move, but it has significantly decreased, indicating profit-taking or a trap for sellers.
4: Momentum RSI
🟢 In the sell zone with a range shift and divergence at the top of the move, indicating weaker bullish control. Observing what happens at the POI.
5: Volatility Bollinger Bands
🟢 After contraction, a squeeze breakout and walking on the band conditions are fulfilled. The great expansion is also about to end, indicating that bearish-side volatility is ending. The price may do a small consolidation at this level, and with the support of the bullish structure, the next volatility might go towards the bullish side.
6: Strength ADX
Total sideways at this point.
7: Rating: ⭐⭐⭐⭐ (because momentum is not supporting this setup yet, but all other parameters indicate an initial bullish setup)
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bullish
☑️ POI: Extreme Order Flow
💡 Decision: Buy limit
🚀 Entry: 1.7406
✋ Stop loss: 1.7257
🎯 Take profit: 1.8161
😊 Risk to reward Ratio: 5RR
🕛 Expected Duration: 15 days
SUMMARY: The analysis suggests a buy position based on Smart Money Concepts methodology, with structure, patterns, volume, momentum, volatility, strength, and sentiment indicating a potential bullish move. However, the momentum is currently not fully supportive, so caution is advised.
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