Some Bullishness, But for How LONG?
Updated
Since last week, we have been looking to go bearish on this pair on the 1-hour chart. We sustained that bearish move, and we saw prices dip for a bit, all the way to the 4-hour zone. Remember, the 4-hour chart has been in an uptrend. So we were not exactly surprised when the market turned in the 4 hour zone and began to move bullish.
Price is currently bullish on both the 4 hour and 1 hour perspectives, with our target being the 4 hour liquidity above.
This is what the market is currently saying and playing out, and so we will hold on to this perspective until it says otherwise.
Price is currently bullish on both the 4 hour and 1 hour perspectives, with our target being the 4 hour liquidity above.
This is what the market is currently saying and playing out, and so we will hold on to this perspective until it says otherwise.
Trade closed: target reached
According to our earlier analysis, the market had shown some strong bullish potentials. In the course of the day, the market went all the way from our zone, al the way up to our 4-hour liquidity target, and beyond.
This trade is complete.
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