The NZDUSD Continues to Dip FurtherFrom our previous analysis of this pair, we witnessed prices dip with a Bearish swing in place.
With the completion of the last Bearish swing on the 1-hour chart, we are ready for the next. We can see the price begin to retrace towards our PB. When price comes into our PB, we will use our method to refine to a valid zone from which we will expect to see reversals. And when we get the reversals, we will look to enter the trade using one of the entry methods learned.
The good news is, "This market has strong BEARISH potential."
Setup
4 Hour Liquidity Target Hit after 3 Days of WaitingIn the preceding days, we conducted an analysis of this pair. Among the things we found on the first day of this week was that this pair was Bearish. Our analysis revealed that the market was heading Bearish to hit the 1 hour and 4 hour liquidity targets. Two days ago, on Tuesday, we saw the market go on to hit the 1-hour Bearish liquidity target. Even though the 4-hour target was a few pips away, the market did not hit it. It rather saw a Bullish pullback that came with so much momentum to upturn the Bears and turn the market Bullish on the 1 Hour.
As always, there was a temptation to take the Bullish turn, but we took it only monentarily, remembering that that Bullish impulse on the 1 hour was just a pullback/retracement on the 4 hour timeframe. And so even while we were looking to buy, we had our fingers crossed that the maket would again turn Bearish in the direction of the 4 hour.
Yesterday, we witnessed the market turn bearish on the 1-hour TF. I took out our PB and completely invalidated our Bullish setup, but this was after we had caught 1 successful swing on the 1 hour TF.
Switching Bearish on the 1 hour, we re-analyzed the charts to see a clear direction. With the 1 hour and the 4 hour timeframes looking bearish as of yesterday, we were sure the price was ready to take out our 4 hour liquidity.
Looking at the chart this morning, I can see that the market has dipped far enough to take out our 4-hour liquidity, following which it has commenced a Bullish pullback.
On the 1 hour and the 4 hour, we are Bearish. Our trade setups disclose 1 hour and 4 hour TFs having Bearish PBs. We will look to trade these, marking out our zones for reversal, and enter our trades using one of the several entry methods taught at the PanzyPips Academy.
Catching the SHORT TradeFrom our 4 hour analysis of this pair, it is clear that this pair is building up to continue it bearish dip. On the 3o minutes, we have begun to see clear signs of Bearish setup.
We are now looking to catch a trade on this pair.
As shown on the chart, I have created a trade setup. Entry will be at the break of the current low at 1.22431 and our profit target will be the 4 hour liquidity target at 1.20376.
We are Bearish all the WayHey Guys!
So today i decided to test a publishing a video idea. lol
It feels great.
The video is a quick interpretation of what we have already stated on the EURUSD analysis.
PS: Apologies for the sound quality. It was just a test and I created it in a pretty noisy environment.
Feel free to drop your comments and boosts.And if you have a different persepctive on this pair, do well to share and we will be glad to learn together.
VISA Potential for Bearish Trend Initiation🔹 Last week, VISA experienced a decisive break below a long-standing ascending channel, marked by an unambiguous weekly and daily close. This occurrence constitutes a potential bearish signal, which may swiftly herald the commencement of a substantial downtrend.
🔹In scrutinizing Fibonacci retracement levels, it is notable that a definitive rebound materialized at the 61.8% retracement mark, only to be succeeded by a consequential downward breakout. Moreover, attention must be directed to the 361.8% Fibonacci level, which serves as a prospective ultimate downside target. This is underpinned by the prospect of creating an advantageous risk-to-reward trading setup.
🔹This situation offers a lucrative selling opportunity, and our detailed trade setup has been disseminated within our channel.
EURUSD : Long Trade , 1hHello traders, we want to check the EURUSD chart. The price has broken the descending channel and is moving in an uptrend. The price has pulled back to the specified key level. We expect this level to play the role of a support level and maintain the upward trend of the price and the price will grow to around 1.06800. Good luck.
Can the Bulls Hold this Up Move...?We are currently seeing some bullishness on this pair with regards to the 1-hour timeframe.
We have marked out our zone, as we would expect the market to retrace before moving further to create higher highs.
We have the market on the 1 hour timeframe currently making a Bullish PB, and we have done a bit of trade setup, looking and waiting to catch the longs trade when it comes with a retracement into our zone.
But there is one thing, and it seems to beg the question. Though our analysis are in order, there is a concern about looking to take the bullish run. The question is this: "Can the Bulls Hold this up move?"
As much as I would like to hold on to the already established 1-hour bullish analysis, I am afraid I might have to think otherwise. Here is our reasoning: The market has made a bullish push, an upmove, and an impulse on the 1 hour, but this entire bullish swing on the 1 hour timeframe forms what we can call a retracement on the 4 hour timeframe. With the market already touching the 4-hour zone marked out, we can see two reasons why the market will turn bearish: the first reason is the 1-hour retracement, and the second reason is the 4-hour extension building up. Because we know that the lower timeframes move in the direction of the higher timeframes, we are expecting the 1 hour to give way to the 4 hour.
And so we would hope to see prices melt as a retracement on the 1 hour towards the 1 hour zone. But in truth, that zone has only a 20% chance of holding. I its expected to be tested to put up some support , perhaps about 2 to 3 tries max before it gives way for the bears to take control of the market.
If that zone holds, we might see the bulls push the market higher for a bit. This up move will either be cut short by the current 4-hour zone to go bearish, or it might clear the 4-hour zone to make a higher zone before it reverses.
On the whole, we look at the market in the lower timeframes without forgetting the direction of the trend in the daily timeframe, which is still bearish.
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.
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.
BTC.USD (UPDATE)Hello My friends.
How are you?
Today I want to talk about Bitcoin.
But first, it's NOT financial advice. it's just a scenario that belongs to me. and it shows what can I think about this movement.
Let me talk about Elliot first.
✔️ The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend.
✔️ The Elliott wave rules are that markets move in eight waves – five that move in line with the major trend overall, and three that move against it overall. Each wave is a move in the opposite direction to the one that preceded it.
Please check it out below Photo.
So, let's go into details.
I published an analysis of Bitcoin in the Weekly time frame and full cycle before
Let's look at that again.
So, according to my words, I want to show you all the waves and movements of Bitcoin.
We had five bullish waves. and after finishing, we have to wait for the correction waves. the correction waves contain A, B, and C.
Please look at Bitcoin on a big scale. the 5th wave of Bitcoin finished at 69K.and after that the correction waves began.
From 69K to 15500 USD: we call it A
From 15500 USD to 34-38K: we call it B
and now, we should wait for the C wave to begin.
Now I want to collect all the information.
after finishing the A wave, at this time we are at the end of the main B wave.
By Using Fibonacci retracement, we can find the PRZ levels as the target of the B main wave. It means 34-38K is the target of the main B wave. after that, the C wave will begin. The C wave contains 5 microwaves.
Please don't FOMO.
although, there is no money in the market. I still believe that the market needs more correction. and the main whales did not enter and they are waiting for the best position to enter the market at the cheapest price.
At this price, it is not sensible for them to enter the market.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Wish you the best 🙏🙏
Sincerely Yours 🌺🌺
Ho3ein.mnD
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.
Bearish Again on the 1 Hour...?Yesterday, we made our analysis and found a possibility of the market dipping.
The market played out our prediction and hit the 1 and 4-hour liquidity target at 0.89016.
With that swing completed, we are setting up for the next trading opportunity.
We see prices begin to retrace Bullish after hitting our liquidity target.
We have prices back inside our Panzy Pips Block (PB) and we are setting up for a trade. Price is expected to get to our marked-out zone, and from there, it will reverse Bearish. We will look to jump on that Bearishness when the reversal begins.
Even though we are Bearish on the 1 Hour, as well as the 4 hour, it is important to notice and pay attention to the fact that the daily chart is bullish and we have seen prices very recently come into our marked-out zone. This is a sign of Bullishness on the Daily. Be that as it may, since we are trading the 1 hour time frame, we will hold on to the Bearishness sold to us by the 1 hour timeframe and only look to think otherwise where and when the 1 hour reverses adn begins to move Bullish, in the direction of and in syncrony with the Daily Chart.
Bullish on the 1 HourWe made our trade analysis on this pair yesterday and we saw it play out our prediction.
This pair played out right according to our prediction.
We witnessed prices drop all the way to hit our 1 hour liquidity target. Market came very close to our 4 hour target but reversed Bullish.
On the 1 hour chart, the market has reversed Bullish. We have a new Panzy Pips Bolck (PB) to trade from and we have refined it to a small zone. Price is expected to drop into that zone. That is our first step to trading this pair. From that zone, we expect to see Bullish Reversals, to drive prices all the way up to our 1 hour liquidity target at 0.63790.
DXY short term Shorts to 105.200SCENARIO 1 - This is my bias for the dollar index (DXY) which gives us extra confluence for my two GBPUSD & EURUSD temporary longs that I have recently posted. As they have a negative correlation between them it gives our trade ideas more confirmation. Im currently expecting price to react as it's in a 8hr supply zone and distribute to eventually sell off towards 105.200 or even lower possibly to 104.700. Once price reaches there we will then expect the dollar to push back up again from those POI's below ( 6hr or 4hr demand zone.)
My confluences for dollar (DXY) shorts are as follows:
- Price changed character to the downside on the higher time frame as well as broke structure indicating the shift in trend has become bearish.
- Price entered an 8hr supply zone that has caused this break of structure to the downside.
- Momentum has slowed down (a good sign that price wants to go back down.)
-Wyckoff distribution taking place to liquidate any previous buyers that was in profit to then allow us to enter the best possible sell position down towards the designated target.
- A few Imbalances have been left below that it must come back and fill.
- Lots of liquidity below as well to target in the form of untouched Asia lows and engineering liquidity.
P.S. Obviously as this is not the only possible scenario, price could also go higher and react off the 6hr supply zone above current price and mitigate that extreme zone to then sell off from there. Either way we are anticipating a drop to follow the bearish trend that has been formed.
GBPUSD short term Longs to 1.22500SCENARIO 1 - My current bias for GBPUSD is to buy roughly were current price is at (9hr demand) but could expect a bit more downside and mitigate the 7hr demand zone for the buy setup to take place. Regardless we are expecting a wyckoff accumulation to take place in this POI. Targeting 1.22500 were the 8hr supply zone is located, we will then look for price to slow down momentum and distribute for a potential sell setup to form in either the 8hr or the 10hr supply zones.
My confluences for the buys are as follows:
- Price has tapped into a 9hr demand zone that has caused a change of character to the upside.
- There's lots of imbalances left from the downwards push we had today so we are expecting that to get filled in.
- Liquidity that was lying underneath the consolidation has also been swept hence why we are starting to see higher highs and higher lows.
- Also for price to continue going down in a bearish trend overall I would be expecting for price to mitigate the 1.22500 level in order to continue going down.
- wyckoff accumulation is starting to unravel as price was slowing down whilst entering the zone (good sign, as the rejection indicates price wants to go back up.)
P.S. If price decides to push higher than our two supply zones and sweeps the liquidity at 1.23400 it will form a break of structure on the higher time frame indicating the trend will officially be bullish temporarily.
Strong Bearish MomentumOn the 4-hour chart, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB), as marked out on the chart.
From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4-hour liquidity target at 1.20371.
Because it is a 4-hour chart, we would expect a good number of swings in the lower timeframes of 1 hour and below.
Strong Bearish MomentumOn the 4 hour, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB) as marked out on the chart.
From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4 hour liquidity target at 1.20899.
Because it is the 4 hour chart, we would be expecting a good amount of swings on the lower timeframes of 1 hour and below.