7 Dimension Sell Analysis for EurGBPCore Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: H1/M5
1: Swing Structure: Bearish with proper BOS after taking inducement and marking valid low. The price completed its corrective swing move with 4 pullbacks and a proper internal bullish structure, mitigating the extreme POI OB and sweeping swing liquidity in the Premier zone. It also swept external swing liquidity, making this entry more interesting with the Whale scoop entry setup.
Resistance: Supply area acts strong with a false breakout. Post-break buildup failed strongly, indicating that the price will go further down to form another low.
2: Pattern
🟢 CHART PATTERNS:
Reversal: Rounding bearish patterns and consolidation rectangle bear side breakout. Shakeout reversal also at the same point.
🟢 CANDLE PATTERNS:
Multiple long wick candles at the POI area, then breakout the range with a momentum strict engulfing pattern.
3: Volume
🟢 Shows very good volume at the resistance level, but this volume is unable to break the resistance, so we consider it an execution volume at the point.
4: Momentum RSI
🟢 Since the start of July, momentum has been in the bearish zone with multiple bearish range shifts and divergence, everything loudly indicating this is still in the bearish phase.
5: Volatility Bollinger Bands
🟢 Expansion has started just with momentum. Bearish headfake also indicates bearish volatility in this pair for now.
6: Strength: Showing weakness.
7: Sentiment: Everything is in bearish favor.
✔️ Entry Time Frame: M5
✅ Entry TF Structure: Bearish
☑️ Trend line breakout: Yes
💡 Decision: Sell
🚀 Entry: 0.8441
✋ Stop Loss: 0.8451
🎯 Take Profit: 0.8400
😊 Risk to Reward Ratio: 5RR
🕛 Expected Duration: 3 Days
SUMMARY: Analysis supports a strong sell position based on the Smart Money Concepts methodology, with expected bearish momentum and high potential reward.
