Some Bullishness, But for How LONG?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.
