A Market Torn in Two Parts ... Are We Bullish or Bearish...?
Updated
This pair has witnessed a great deal of back forth in the preceding days and weeks. In todays anaylsis, we see how the market on the 1 hour has once again flipped from a bullish perspective (PB) right into a bearish perspecrive with a new PB to the downside.
We will look to hold this bearishness with the ultimate goal of targeting our Daily liquidity target all the way down below.
We will look to hold this bearishness with the ultimate goal of targeting our Daily liquidity target all the way down below.
Note
The market is moving in our direction. We have been able to catch a SHORT position on this pair. Target is still our daily liquidity target below.
Trade closed: target reached
Hey guys! Let's update this trade idea.
So yesterday, in analysing the 1 hour chart, we had seen the possibility of the market dropping all the way down to hit our 1 hour target and possibly continue in the same breathe to hit our daily target below.
The good news is, "We hit our 1-hour target," but the market did not continue in one single breath to hit our daily target. That is not bad. In fact, it is a standard-style market movement pattern.
So we will wrap up this idea by stating that the 1-hour swigg is complete and profit target has been hit.
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