We are Still BearishAs promised, we are here with the 4-hour chart analysis.
If you have been following our analysis for a while, it would be absolutely clear to you from our charts that we are in a 4-hour bearish swing. The harmet is heading for the daily liquidity target below.
We are currently experiencing a bullish retracement on the 4-hour. This is necessary as the market never moves in a straight line. With 1 PB down, the 4-hour chart has retraced to gather momentum for the next dip towards the daily liquidity target.
We have refined our PB to a zone. The zone is as marked out on the chart, We expect to see some bearish reversal at this point. Where that is the case, this pair is expected to resume it bearish run towards the daily liquidity target.
Kalapanzy
A little Bit of Bullishness in a Bearish MarketWe have seen this pair progress Bearish over the past few days. On the 4 hour and the 1 hour charts, which would be our primary focus for this analysis, the market has been Bearish.
But today we have seen a trend shift on the 1 hour. the 1 hour chart has turned Bullish today.
Taking a close look at the 4 hour (using the multi time frame analysis taught by Panzy Pips fx), we see that the 4 hour has completed 1 down PB and is not retracing Bullish. That is the bulishness we are witnessing on the 1 hour. We are expecting this bullishness to hold monentarily to help give us the needed retracement on the 4 hour bearish swing.
In another analysis, we will look at the 4 hour from the retracement perspective, marking out our PB and refining it to our reversal zone.
And in yet another analysis, we will look at the market from the current bullish perspective as played out on the 1 hour. The essence of the 1 hour bullish analysis is to see how far we would expect the retracement to go, comparing it with our refined reversal zone of the 4 hour.
With these pieces of information, we should be able to have a clear direction of market movement, with an added advantage of narrowing it down to actual reversal zones.
It's Never too Late to Catch the RollerCoasterFrom our analysis of this pair from yesterday, we had a prediction of this pair melting all the way down to hit the Daily Liquidation Target.
For those of you who were able to catch the trade from when i sent out the setup, thumbs up to you as you sure have made a good 1:25 RRR on the trade so far, if you trade with tight spreads like i do.
But for those who didn't, what can i say? Should i say sorry you missed the train. Better luck next time? That is definitely one way around it. But more there is sure is another way around it this time. More often than not, the market afords us an opportunity to enter on or join an already moving trend. This is done when the market gives pullbacks/retracements.
All you have to do is time your entry. It just like surfing the waves on the ocean; you miss one, you get ready for the next.
Bulls now in ControlThe 1 hour chart has maintained its bullish momentum fron yesterday. It has gone ahead to clear out the 4 hour zone and breach the 4 hour Bearish PB.
Trend is now Bullish on the 1 hour and 4 hour timeframes, and this brings them in sync with the direction of the Daily chart timeframe
With our new Bullish PB in place on the 1 hour chart, we have marked out our zone for expected Bullish reversal. We will be looking to take trades when the market returns to the zone, using one of the methods taught on the Panzy Pips course
Bullish and Bearish... Which way to Trade?The pair is Bullish on the 1 hour. With the breach of our zone and PB of the 1 hour timeframe from yesyerday, as is clear that the 1 hour chart has reversed from a bearish perspective to a completely Bullish one.
The only trouble here is the on the larget timeframe of the 4 hour and above, the market is still bearish as the Bearish PBs are still in place.
It would therefore be more comfortable to consider the 1 hour bullish impulse as a retracement on the larget timeframe.
Be that as it may, because we are looking to trade the 1 hour chart, though in the direction of the higher timeframes, we will narrow our attention to just the 1 hour for now and monentarily forget about what the larger timeframes are saying.
We will be looking to see prices retrace Bearish into our PB and the marked zone. When market reaches our zone, we will use the Panzy Pips formula to confirm a Bullish reversal, following which we will apply one of the Panzy Pips trade entry methods to take our trade.
Ready to Resume the Bearish PushFrom our earlier analysis, we saw this pair take a down swing, from which we made some profitable trading. After the down swing on the 1 hour, the market reversered Bullish on the 1 hour.
From our earlier analysis, you will recall that we were skeptical about trading the Bulls as the 4 hour and other larger timeframes were still Bearish. We had seen the 1 hour Bullishness as a sort of Bullish pullback for the larger Timeframes.
Our prediction was right as we have again seen prices resume the bearish swing on the 1 hour. With 2 Panzy Pips Blocks (PB) to the downside, there is no doubt that this market is Bearish.
Current price target is our 1 hour liquidity target.
Bullish on the 1 Hour, Should we TRADE ...?
After successive trades to liquidity target, the market seems to have lost its Bearish momentum for a bit. This has seen the market take out our zone in a bid to turning Bullish.
For now, we are on a middle course. With the 1 hour reversing Bullish while the 4 hour maintains its Bearish momentum, it is difficult to say whichi direction the market would go for certain.
A second look, not at the charts, but to reservoir of knowledge would reveal that the 1 hour is expected to move in the direction of the 4 hour. And so the 1 hour Bulish impulse is expected to form a retracement for the 4 hour chart, following which the 1 hour impulse will be wiped out by the 4 hour extension.
This is my perspective on this pair
Bearish Way to GO...From our yesterday's analysis, we saw a possiblity of this pair going Bearish on the 1 hour chart, while still looking overwhelmingly Bullish on the 4 hour.
Today, looking at the 4 hour chart, we can see that there is a change in direction. The pair now has a Bearish perspective on the 4 hour chart. Price has retraced bullish into our Panzy Pips Block (PB), from where we expect Bearish reversal. We are open to the possibility of price reaching further up for our zone as marked out on the chart. With price expected to dip lower, we have our eyes and early trade setup focused at the 4 hour
SHORT is the Way to GoThis pair has witnessed a continued melt in prices. It is bearish across several timeframes.
With the last swing just completed, we are looking forward to our next trade. In which direction are we looking to trade? Did i hear you correctly? Did you say BEARISH?
Hell yes. BEARISH IT IS...!
We are holding on to the bearish perspective as shown to us by the markets.
We will wait for the market to come into our PB, and from there, using one of the various Panzy Pips trade entry methods, we will take our trade all the way down to the liquidity target of the 1-hour timeframe.