7 Dimension Sell Setup FOR NZDCAD
Updated
CORE Analysis Method: Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish with BOS
Swing Move: Corrective move just reached at POI, making a deeper pullback for correction.
Internal Structure: Bearish, aligning with the larger timeframe.
POI: Momentum move in the low Premier zone.
Time Frame Confluence: H4, H1, M15, M5.
2️⃣ Pattern
🟢 CHART PATTERNS: Double top with false breakout.
🟢 CANDLE PATTERNS: Shrinking candles with long wicks forming a hammer. Narrow range patterns are just starting.
3️⃣ Volume:
Good volume observed in the move, but unable to breach this POI, indicating it might be just execution volume.
4️⃣ Momentum RSI:
🟢 In bearish momentum zone with range shift.
5️⃣ Volatility Bollinger Bands:
🟢 Contraction is just beginning, so the price might make a small range before moving further down.
6️⃣ Strength: NZD is weaker against CAD.
7️⃣ Sentiment: SELL.
✔️ Entry Time Frame: 15m
✅ Entry TF Structure: Bearish
✔ Entry Time POI: EXT ORDER BLOCK high probability
☑️ FIB Trigger: Activated
💡 Decision: SELL
🚀 Entry: 0.8337
✋ Stop loss: 0.8360
🎯 Take profit: 0.8156
😊 Risk to reward Ratio: 8 RR
🕛 Expected Duration: 20 days
SHORT SUMMARY
The analysis identifies a bearish swing structure on the H4 time frame, with a corrective move that has just reached the Point of Interest (POI), making a deeper pullback for correction. The internal structure is bearish, aligning with the larger timeframe. The POI is in the low Premier zone, with time frame confluence observed in H4, H1, M15, and M5.
A double top chart pattern with a false breakout is observed, along with shrinking candles forming a hammer. Narrow range patterns are just starting. Volume analysis indicates good volume in the move, but it is unable to breach the POI, suggesting it might be execution volume.
The Momentum RSI is in a bearish momentum zone with a range shift. Bollinger Bands indicate that contraction is just beginning, suggesting the price might form a small range before moving further down. NZD is weaker against CAD, supporting the bearish sentiment.
The decision is to sell at 0.8337, with a stop loss at 0.8360 and a take profit at 0.8156, providing an 8:1 risk to reward ratio. The expected duration for this trade setup is 20 days.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish with BOS
Swing Move: Corrective move just reached at POI, making a deeper pullback for correction.
Internal Structure: Bearish, aligning with the larger timeframe.
POI: Momentum move in the low Premier zone.
Time Frame Confluence: H4, H1, M15, M5.
2️⃣ Pattern
🟢 CHART PATTERNS: Double top with false breakout.
🟢 CANDLE PATTERNS: Shrinking candles with long wicks forming a hammer. Narrow range patterns are just starting.
3️⃣ Volume:
Good volume observed in the move, but unable to breach this POI, indicating it might be just execution volume.
4️⃣ Momentum RSI:
🟢 In bearish momentum zone with range shift.
5️⃣ Volatility Bollinger Bands:
🟢 Contraction is just beginning, so the price might make a small range before moving further down.
6️⃣ Strength: NZD is weaker against CAD.
7️⃣ Sentiment: SELL.
✔️ Entry Time Frame: 15m
✅ Entry TF Structure: Bearish
✔ Entry Time POI: EXT ORDER BLOCK high probability
☑️ FIB Trigger: Activated
💡 Decision: SELL
🚀 Entry: 0.8337
✋ Stop loss: 0.8360
🎯 Take profit: 0.8156
😊 Risk to reward Ratio: 8 RR
🕛 Expected Duration: 20 days
SHORT SUMMARY
The analysis identifies a bearish swing structure on the H4 time frame, with a corrective move that has just reached the Point of Interest (POI), making a deeper pullback for correction. The internal structure is bearish, aligning with the larger timeframe. The POI is in the low Premier zone, with time frame confluence observed in H4, H1, M15, and M5.
A double top chart pattern with a false breakout is observed, along with shrinking candles forming a hammer. Narrow range patterns are just starting. Volume analysis indicates good volume in the move, but it is unable to breach the POI, suggesting it might be execution volume.
The Momentum RSI is in a bearish momentum zone with a range shift. Bollinger Bands indicate that contraction is just beginning, suggesting the price might form a small range before moving further down. NZD is weaker against CAD, supporting the bearish sentiment.
The decision is to sell at 0.8337, with a stop loss at 0.8360 and a take profit at 0.8156, providing an 8:1 risk to reward ratio. The expected duration for this trade setup is 20 days.
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