Continued Bearishness on the Short Term
Updated
On the 1 hour, we saw prices move bearish, all the way down to hit our 1 hour liquidity target. With that target hit, we have seen prices begin to pullback bullish. We expect prices to come all the way up, into the zone marked above. From there we will look to see a reversal, and there will come out next selling opportunity on this pair.
For perspective on the large timeframes, take a look at the notes on the chart
For perspective on the large timeframes, take a look at the notes on the chart
Comment
Here is an update to our analysisOn the 1 hour chart, we have seen prices soar higher towards our 4 hour zone. We expect prices to enter the zone and from there begin to reverse bearish.
Even though the 1 hour chart is currently bullish, we will hold on the bearish perspective of the 4 hour. Our reason for this is because all of the higher timeframes and bearish.
We will wait to see some bearish reversal off of the 4 hour zone and a change of perspectiveon the 1 hour.
If prices should run through the 4 hour zone, then we will abandon our current bearish perspective and look to trade bullish. Until then, we will look for an opportunity to trade bearish, following a reversal from the PB Zone
Comment
UpdateFrom our yesterdayanalysis, we can see that market has continued to progress according to our analysis.
Yesterday, we saw prices tap into our zone and reverse as expected. We were able to catch a trade off of that move and now we are SELLING, going SHORT on this market. We are heading for the 1 hour liquidity target below.
Becacuse we cannot say market direction 100%, we always do well to manage our trade along every step of the way.
Stay tuned guys...!
Trade closed: target reached
Hurray...! Trade Profit target hit
We have hit the liquidity target of both the 1 hour and 4 hour charts. Yes we made money on the trade, and it's time to "rinse and repeat."
Bullish retracement is expected. We have marked out our 1 hour zone, and are expecting prices to rally all the way to that zone. Where and when this happens, we will be ready to start a trade plan to catch the NEXT BIG THING ... lol
Comment
Watch Out for The NEXT BIG THING Guys...!Who is ready to catch this move and surf the next downswing with me...? \
Brace up, guys! It is coming as we speak...
lol
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