7 Dimension Buy Signal For AUDJPY CORE Analysis Method: Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bullish with BOS
🟢 Swing Move: Corrective swing reaches the extreme POI.
🟢 Pull Back: Deep pull reaches the extreme POI, with a high chance of reversal.
🟢 Area: Discounted area with swing demand zone.
2️⃣ Patterns
Reversal: Double bottom.
🟢 CANDLE PATTERNS:
Multiple long wicks at the bottom.
Tower bottom reversal.
3️⃣ Volume
🟢 Volume during correction: Not significant, but shows high volume at the POI, indicating execution volume.
4️⃣ Momentum RSI
🟢 Zone: In strong bearish zone with proper range shift and multiple divergences.
🟢 Moves: Strong loud moves indicating significant bearish momentum at this point, suggesting this breakout might be the last support area for the uptrend.
5️⃣ Volatility Bollinger Bands
🟢 Expansion: About to end; before a breakout or reversal, price might enter a consolidation phase until confirmation.
🟢 Band Puncher: Indicates a short-term up move before cooling down some volatility.
6️⃣ Strength: Equal but slightly bullish without strong momentum.
7️⃣ Sentiment: Wait until breakout.
✔️ Entry Time Frame: M15
✅ Entry TF Structure: MSS
✔️ Entry Time POI: Filled
☑️ FIB Trigger event: Done
☑️ Trend line breakout: Yes
💡 Decision: BUY
🚀 Entry: 107.340
✋ Stop loss: 106.713
🎯 Take profit: 109.1
😊 Risk to reward Ratio: 3 RR
🕛 Expected Duration:
SUMMARY
The analysis identifies a bullish swing structure on the H4 time frame, marked by a Break of Structure (BOS) and a corrective swing reaching the extreme Point of Interest (POI). The deep pullback to the extreme POI, along with a discounted area and swing demand zone, suggests a high chance of reversal.
Reversal chart patterns, such as a double bottom, are noted along with multiple long wicks at the bottom, forming a tower bottom reversal. Volume analysis indicates that while volume during correction was not significant, high volume at the POI suggests execution volume.
Momentum RSI is in a strong bearish zone with proper range shifts and multiple divergences, indicating strong bearish momentum. However, this suggests that the current breakout might be the last support area for the uptrend.
Bollinger Bands show that the expansion is about to end, indicating a potential consolidation phase before a breakout or reversal. A band puncher pattern indicates a short-term up move before volatility cools down.
Strength is equal but slightly bullish without strong momentum. Sentiment advises waiting until a breakout. The entry time frame is M15, with the entry structure indicating MSS, and the POI is filled with the FIB trigger event and trend line breakout confirmed.
The decision is to buy at 107.340, with a stop loss at 106.713 and a take profit at 109.1, providing a 3:1 risk to reward ratio. The expected duration for this trade setup is to be determined based on market conditions and price behavior as outlined.
