7 Dimension sell setup for GBPUSD

Updated
Core Analysis Method
Smart Money Concepts

😇 7 Dimension Analysis

Time Frame: 15 min

1: Swing Structure: Total bearish with BOS. Took the inducement, and the corrective swing move is almost complete, mitigating extreme POI OB, FVG, and liquidity from the premier zone. Going short with regular SMC.

Strong resistance and supply are resting here.

2: Pattern
🟢 CHART PATTERNS
Reversal: Double top

🟢 CANDLE PATTERNS
Record session count and shrinking candles confirm with change of guard.

3: Volume
🟢 Very substantial volume at the point but unable to break the structure, indicating profit booking at the point.

4: Momentum RSI
🟢 In bullish zone at overbought level at 80, expecting a reversal.

5: Volatility Bollinger Bands
🟢 Expansion is about to finish now with squeeze breakout and walking on the band, we expect a down move here.

6: Strength
Bulls are in power but it's about to be overbought again.

7: Sentiment
Strong sell

✔️ Entry Time Frame: 15 min
✅ Entry TF Structure: Bearish
💡 Decision: Sell right now
🚀 Entry: 1.2817
✋ Stop loss: 1.2842
🎯 Take profit: 1.2668
😊 Risk to reward Ratio: 6RR
🕛 Expected Duration: 2 days

SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with the structure, volume, momentum, volatility, and sentiment indicating a bearish move.
Trade closed: stop reached
Stop out
Chart PatternsGBPUSDgbpusdanalysisgbpusdshortgbpusdsignalgbpusdtradeTechnical Indicatorsoptimum369Trend Analysis

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