7 Dimension analysis For EURAUD for FX:EURAUD by Optimum369

Overview: Monthly and daily analyses reveal a prolonged bearish trend with notable liquidity sweeps. Weekly analysis is pending, focusing on the daily for detailed insights.

7 Dimension Analysis

Time Frame: Daily

1⃣ Swing Structure: Bearish

Structure Behavior: Break of Structure (BoS).

Swing Move: Impulsive.

Inducement: None observed.

Pull Back: Absent.

Ext OB: Mitigated.

Support/Demand Area: Weak demand area – possible redistribution.

Trendline: Daily trendline intact.

Buildup/Pre-break/Post-break/QC: Data insufficient.

Traps: None detected.

Time Frame Confluence: Daily.

2⃣ Pattern

CHART PATTERNS

Reversal: Head and shoulders, double top.

Rounding Patterns: Double at the 2nd shoulder with strong rejection.

CANDLE PATTERNS

Key Considerations:

Record session count indicates a possible consolidation at this support.

Strict marubozu candle could be a climactic player.

Tower top/bottom indicates potential climax at the opening.

3⃣ Volume:

Fixed Range suggests a profit booking area.

Good breakout volume.

4⃣ Momentum RSI:

In a super bearish zone.

Range shift not confirmed.

No divergence.

Loud moves shifted from sideways to bearish.

5⃣ Volatility Bollinger Bands:

Middle band rejection.

Squeeze done with breakout outside the lower band.

Walking on the band just started.

Dual band derivation supported.

6⃣ Strength According to ROC:

Values: EUR at 0.31, AUD at 4.1. AUD exhibits more strength at this level.

7⃣ Sentiment: After comprehensive analysis, the sentiment strongly favors a sell setup in this pair.

Entry Time Frame: Daily

Entry TF Structure: Bearish

Current Move: Impulsive

Support/Resistance Base: Support level already broken with a momentum candle.

Candles Behavior: Momentum is bearish.

Trend Line Breakout: Confirmed.

Decision: Sell at opening.

Entry: 1.63137

Stop Loss: 1.6551

Take Profit: Hold until price walks on the band.

2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.

Risk to Reward Ratio: 1:3.5

Expected Duration: 10 days

SUMMARY: The analysis strongly supports a bearish continuation setup. The absence of significant pullbacks and strong bearish momentum across multiple indicators suggests a favorable sell opportunity. Risk management is key, and the strategy involves holding until a clear indication of a trend reversal.