7 Dimension Sell Idea For AUDNZD
Updated
Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Market: At monthly rejection or supply zone
Time Frame: H4
1: Swing Structure: From the monthly zone, the market formed a CHOCH with inducement, giving a corrective swing move as the 1st pullback mitigated the extreme wick OB and swept liquidity at the Premier zone.
🟢 Entry Model: ABCD
2: Pattern
🟢 CHART PATTERNS:
Reversal: Consolidation rectangle at supply level. Shakeout reversal Wyckoff method.
🟢 CANDLE PATTERNS:
Long wick: Hammer or hanging man but at the wrong place indicates a reversal. Momentum: Strict engulfing at the highest candle.
3: Volume:
Observed a very large selling volume on July 11th while the price was making new highs. This volume can be considered selling volume or profit-taking volume. Based on this volume, there is a very high chance that the price will go down.
4: Momentum RSI
🟢 Bullish to sideways zone with a proper range shift and multiple bearish divergences at the top indicate a sudden loss of momentum. Based on this, there is a high chance the price will go down.
5: Volatility Bollinger Bands
🟢 Contraction has started; the price might range for some sessions. After this, expect a lower band squeeze breakout and continuation to lower "walking on the band" condition. Here, a BB M pattern is also forming and a band puncher at the highest candle.
6: Strength: Everything is neutral yet.
7: Sentiment: Sell
✔️ Entry Time Frame: 15m
✅ Entry TF Structure: Bearish
✔ Entry Time POI: Mitigated
☑️ Trend line breakout: Yes
💡 Decision: Sell Limit
🚀 Entry: 1.1111
✋ Stop Loss: 1.1133
🎯 Take Profit: 1.1020
😊 Risk to Reward Ratio: 4 RR
🕛 Expected Duration: 10 days
SUMMARY: Analysis supports a strong sell position based on the Smart Money Concepts methodology, with expected bearish momentum and high potential reward.
😇7 Dimension Analysis
Market: At monthly rejection or supply zone
Time Frame: H4
1: Swing Structure: From the monthly zone, the market formed a CHOCH with inducement, giving a corrective swing move as the 1st pullback mitigated the extreme wick OB and swept liquidity at the Premier zone.
🟢 Entry Model: ABCD
2: Pattern
🟢 CHART PATTERNS:
Reversal: Consolidation rectangle at supply level. Shakeout reversal Wyckoff method.
🟢 CANDLE PATTERNS:
Long wick: Hammer or hanging man but at the wrong place indicates a reversal. Momentum: Strict engulfing at the highest candle.
3: Volume:
Observed a very large selling volume on July 11th while the price was making new highs. This volume can be considered selling volume or profit-taking volume. Based on this volume, there is a very high chance that the price will go down.
4: Momentum RSI
🟢 Bullish to sideways zone with a proper range shift and multiple bearish divergences at the top indicate a sudden loss of momentum. Based on this, there is a high chance the price will go down.
5: Volatility Bollinger Bands
🟢 Contraction has started; the price might range for some sessions. After this, expect a lower band squeeze breakout and continuation to lower "walking on the band" condition. Here, a BB M pattern is also forming and a band puncher at the highest candle.
6: Strength: Everything is neutral yet.
7: Sentiment: Sell
✔️ Entry Time Frame: 15m
✅ Entry TF Structure: Bearish
✔ Entry Time POI: Mitigated
☑️ Trend line breakout: Yes
💡 Decision: Sell Limit
🚀 Entry: 1.1111
✋ Stop Loss: 1.1133
🎯 Take Profit: 1.1020
😊 Risk to Reward Ratio: 4 RR
🕛 Expected Duration: 10 days
SUMMARY: Analysis supports a strong sell position based on the Smart Money Concepts methodology, with expected bearish momentum and high potential reward.
Trade active
This position is still very strong and all previous levels are still intact. We will hold this position this week until it reaches the target price or stop loss.Trade closed: target reached
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