7 Dimension 4RR Sell Setup for NZDCAD
Core Analysis Method: Smart Money Concepts
Based on the Smart Money Concepts methodology, the following analysis has been conducted:
😇 7 Dimension Analysis
Time Frame: H4
Swing Structure:
Bearish swing structure with a Break of Structure (BOS) after taking inducement.
Corrective swing move has nearly mitigated everything with 3 pullbacks, forming a corrective internal bullish structure.
At the Point of Interest (POI), we see three key elements: Extreme Order Block (OB), Fair Value Gap (FVG), and Liquidity (LIQ) resting above the double top at the Premier zone of the swing.
All of these factors align to create a strong area for sellers.
Entry Model: Regular SMC
Resistance: Demand zone is prominent.
Pattern:
🟢 Chart Patterns:
Reversal: A double top pattern has been identified.
🟢 Candle Patterns:
Long wicks have appeared multiple times at the top, indicating rejection.
Momentum candles have also formed in the same area of interest, showing significant market activity.
A classic tower top candlestick pattern with valid parameters has been observed.
Volume:
🟢 Substantial volume has been observed in this area after a long time.
Despite the volume, it has been unable to cross the point of interest, indicating profit booking and a show of strength from sellers.
Momentum RSI:
🟢 After a strong bullish momentum, the RSI reversed from the overbought level and shifted into a range inside the sideways to bearish zone.
A divergence between the last two highs is supported by loud moves, signaling that sellers are still in control.
Volatility Bollinger Bands:
🟢 Transition from contraction to expansion has occurred with a proper squeeze breakout.
Walking on the band suggests that the bullish volatile move is nearing its end.
Price is forming an "M" pattern in Bollinger Band terms, which is a strong bearish signal.
Strength ADX: Sideways yet, indicating neutral strength in the market.
Rating: ⭐⭐⭐⭐⭐
All dimensions are in favor of a bearish move.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ POI: Marked
💡 Decision: Sell limit
🚀 Entry: 0.8287
✋ Stop loss: 0.8333
🎯 Take profit: 0.8110
😊 Risk to reward Ratio: 4
🕛 Expected Duration: 15 Days
SUMMARY:
The analysis suggests a strong bearish setup with all dimensions aligning in favor of sellers. A sell limit order is recommended at 0.8287 with a stop loss at 0.8333 and a take profit at 0.8110. The trade offers a favorable risk to reward ratio of 4, and the expected duration is 15 days.
Based on the Smart Money Concepts methodology, the following analysis has been conducted:
😇 7 Dimension Analysis
Time Frame: H4
Swing Structure:
Bearish swing structure with a Break of Structure (BOS) after taking inducement.
Corrective swing move has nearly mitigated everything with 3 pullbacks, forming a corrective internal bullish structure.
At the Point of Interest (POI), we see three key elements: Extreme Order Block (OB), Fair Value Gap (FVG), and Liquidity (LIQ) resting above the double top at the Premier zone of the swing.
All of these factors align to create a strong area for sellers.
Entry Model: Regular SMC
Resistance: Demand zone is prominent.
Pattern:
🟢 Chart Patterns:
Reversal: A double top pattern has been identified.
🟢 Candle Patterns:
Long wicks have appeared multiple times at the top, indicating rejection.
Momentum candles have also formed in the same area of interest, showing significant market activity.
A classic tower top candlestick pattern with valid parameters has been observed.
Volume:
🟢 Substantial volume has been observed in this area after a long time.
Despite the volume, it has been unable to cross the point of interest, indicating profit booking and a show of strength from sellers.
Momentum RSI:
🟢 After a strong bullish momentum, the RSI reversed from the overbought level and shifted into a range inside the sideways to bearish zone.
A divergence between the last two highs is supported by loud moves, signaling that sellers are still in control.
Volatility Bollinger Bands:
🟢 Transition from contraction to expansion has occurred with a proper squeeze breakout.
Walking on the band suggests that the bullish volatile move is nearing its end.
Price is forming an "M" pattern in Bollinger Band terms, which is a strong bearish signal.
Strength ADX: Sideways yet, indicating neutral strength in the market.
Rating: ⭐⭐⭐⭐⭐
All dimensions are in favor of a bearish move.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ POI: Marked
💡 Decision: Sell limit
🚀 Entry: 0.8287
✋ Stop loss: 0.8333
🎯 Take profit: 0.8110
😊 Risk to reward Ratio: 4
🕛 Expected Duration: 15 Days
SUMMARY:
The analysis suggests a strong bearish setup with all dimensions aligning in favor of sellers. A sell limit order is recommended at 0.8287 with a stop loss at 0.8333 and a take profit at 0.8110. The trade offers a favorable risk to reward ratio of 4, and the expected duration is 15 days.
Trade closed: stop reached
close with lose 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.