7 Dimensions Idea for BUY Gold
Updated
CORE Analysis Method: Smart Money Concept
😇 7 Dimension Analysis
Time Frame: H1
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive
🟢 Pull Back: 2
🟢 Internal Structure: Bullish
🟢 External Order Block (OB): Mitigated
🟢 Support & Demand: Start Accumulation from discounted area
🟢 Time Frame Confluence: H4 and H1 POI
2️⃣ Pattern
🟢 CHART PATTERNS:
W pattern formed at major swing
Continuation: Falling Wedge with proper breakout and retest, aligning with the breakout level and Fair Value Gap (FVG) level, making this area a high-probability POI for buyers
🟢 CANDLE PATTERNS:
Record Session Count (RSC) detected, indicating a correction towards 2404
Long wick candle at the bottom of RSC indicates bullishness
Engulfing and Kicker Sash patterns indicate bullish control at 2403
3️⃣ Volume
🟢 Volume during Correction: Dried up but now showing good volume as price moves upward
4️⃣ Momentum
🟢 RSI: Indicates full bullishness according to Grandfather Father Strategy
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: Supported, contraction during retracement indicating potential range formation
🟢 Band Puncher: Lower band puncher indicates bullish strength
6️⃣ Strength According to ROC: Bullish
7️⃣ Sentiment: Bullish
✔️ Entry Time Frame: 5 minutes
✅ Entry TF Structure: Bullish with 5-minute swing liquidity sweep
☑️ Current Move: Impulsive in entry time frame
☑️ FIB Trigger Event: Triggered
☑️ Trend Line Breakout: Done
💡 Decision: Buy
🚀 Entry: 1st entry at 2406, 2nd entry at 2397
✋ Stop Loss: 1st at 2399, 2nd at 2391
🎯 Take Profit: 2441
😊 Risk to Reward Ratio: 7.5
🕛 Expected Duration: 2 days
SUMMARY
This analysis identifies a bullish swing structure on the H1 time frame with a proper BoS and impulsive moves. The internal structure remains bullish, supported by a mitigated external OB and accumulation at the discounted area. The pattern analysis highlights a W pattern and a falling wedge breakout with a retest, positioning this area as a high-probability POI for buyers. Candlestick patterns further confirm bullish control, supported by favorable volume and momentum indicators.
The sentiment is bullish with key indicators such as RSI and Bollinger Bands supporting an upward move. Entry points are identified at 2406 and 2397 with respective stop losses and a target take profit at 2441, providing a risk to reward ratio of 7.5. The expected duration for this trade setup is 2 days, contingent on continued bullish momentum and price behavior as outlined.
😇 7 Dimension Analysis
Time Frame: H1
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive
🟢 Pull Back: 2
🟢 Internal Structure: Bullish
🟢 External Order Block (OB): Mitigated
🟢 Support & Demand: Start Accumulation from discounted area
🟢 Time Frame Confluence: H4 and H1 POI
2️⃣ Pattern
🟢 CHART PATTERNS:
W pattern formed at major swing
Continuation: Falling Wedge with proper breakout and retest, aligning with the breakout level and Fair Value Gap (FVG) level, making this area a high-probability POI for buyers
🟢 CANDLE PATTERNS:
Record Session Count (RSC) detected, indicating a correction towards 2404
Long wick candle at the bottom of RSC indicates bullishness
Engulfing and Kicker Sash patterns indicate bullish control at 2403
3️⃣ Volume
🟢 Volume during Correction: Dried up but now showing good volume as price moves upward
4️⃣ Momentum
🟢 RSI: Indicates full bullishness according to Grandfather Father Strategy
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: Supported, contraction during retracement indicating potential range formation
🟢 Band Puncher: Lower band puncher indicates bullish strength
6️⃣ Strength According to ROC: Bullish
7️⃣ Sentiment: Bullish
✔️ Entry Time Frame: 5 minutes
✅ Entry TF Structure: Bullish with 5-minute swing liquidity sweep
☑️ Current Move: Impulsive in entry time frame
☑️ FIB Trigger Event: Triggered
☑️ Trend Line Breakout: Done
💡 Decision: Buy
🚀 Entry: 1st entry at 2406, 2nd entry at 2397
✋ Stop Loss: 1st at 2399, 2nd at 2391
🎯 Take Profit: 2441
😊 Risk to Reward Ratio: 7.5
🕛 Expected Duration: 2 days
SUMMARY
This analysis identifies a bullish swing structure on the H1 time frame with a proper BoS and impulsive moves. The internal structure remains bullish, supported by a mitigated external OB and accumulation at the discounted area. The pattern analysis highlights a W pattern and a falling wedge breakout with a retest, positioning this area as a high-probability POI for buyers. Candlestick patterns further confirm bullish control, supported by favorable volume and momentum indicators.
The sentiment is bullish with key indicators such as RSI and Bollinger Bands supporting an upward move. Entry points are identified at 2406 and 2397 with respective stop losses and a target take profit at 2441, providing a risk to reward ratio of 7.5. The expected duration for this trade setup is 2 days, contingent on continued bullish momentum and price behavior as outlined.
Trade closed: target reached
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