A LONG Bullish Run; But How Much Longer...?
There is nothing as exciting as finding market direction and having the market play out in your direction and according to your plan and prediction.
From last week, we saw prices retrace bearish in our 4-hour zone. On Friday, at about 1500 WAT, prices finally dipped into our zone and from there we knew it was time for the long bullish ride up.
Because we were looking at the 4-hour timeframe analysis, our target was and still is the 4-hour liquidity above. Over the course of this week, we have seen prices soar all the way up towards our target liquidity. Prices are not there yet. They are currently just a few pips shy of our target.
The question is, "Will the bullishness continue all the way up to hit our target?" I guess you know my answer already. Of course, they will. We are holding on to our trade perspective, our bullish direction, and our trade. We will stay bullish, and we expect the market to stay bullish too, until we hit our target. When that happens, then we can expect the market to begin to lose steam and, from there, look to reverse.
From last week, we saw prices retrace bearish in our 4-hour zone. On Friday, at about 1500 WAT, prices finally dipped into our zone and from there we knew it was time for the long bullish ride up.
Because we were looking at the 4-hour timeframe analysis, our target was and still is the 4-hour liquidity above. Over the course of this week, we have seen prices soar all the way up towards our target liquidity. Prices are not there yet. They are currently just a few pips shy of our target.
The question is, "Will the bullishness continue all the way up to hit our target?" I guess you know my answer already. Of course, they will. We are holding on to our trade perspective, our bullish direction, and our trade. We will stay bullish, and we expect the market to stay bullish too, until we hit our target. When that happens, then we can expect the market to begin to lose steam and, from there, look to reverse.
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