Bearish on the 1 Hour
Updated
This pair is currently experiencing a great deal of back and forth movements. On the higher timeframes of the Monthly and weekly, we see that this pair is bearish. But on the daily and 4 hour charts, it is bullish. As if all of that is not enough divergence, the pair has come to show some bearishness on the lower timeframe of 1 hour.
As you already know, we trade in the direction of the 1 hour, and so we will pay the most attention to the 1 hour, trading it in the direction and context of the larger timeframes, none the less.
On the 1 hour chart, market took out previous liquidity target on the bearish side and is now retracing bullish. Price is expected to rally all the way into our zone, from where we will expect to find some reversal. where that plays out, we will look to find a selling opportunity
As you already know, we trade in the direction of the 1 hour, and so we will pay the most attention to the 1 hour, trading it in the direction and context of the larger timeframes, none the less.
On the 1 hour chart, market took out previous liquidity target on the bearish side and is now retracing bullish. Price is expected to rally all the way into our zone, from where we will expect to find some reversal. where that plays out, we will look to find a selling opportunity
Note
Update on analysisOn the 1 hour which was as bearish as at yesterday, we have seen it u-turn bullish today by clearing out the bearish zone.
The 1 hour is now aligned with the 4 hour and daily perspectives.
We have setup for a bullish trade opportunity and we believe it will be an interesting trading journey.
Prices are expected to go take out the 1 hour liquidity target and eventually the 4 hour and daily target
Note
Update Hey guys!
On this chart, we saw prices blow through our zone from yesterday without giving us a chance at trying it out. lol
The market went on to reverse at another zone below our marked zone, and from there went bullish to g hit the 1 hour liquidity target.
We are now in a new upswing on the 1 hour timeframe. Market is at a high price We will wait for prices to come lower into our zone before we look to take a shot at it.
On the 4 hour chart, price is still in the bullish swing. We are still heading towards the 4 hour liquidity target.
We will continue to trail the pair and hope to catch the next trading opportunity.
Stay tuned, guys!
Trade active
WHILE MEN SLEPT, WE CAUGHT THE TRADE ... lolHey Guys
Following from our trade setup and trade plan from yesterday adn the preceding days, we were able to catch this trade at price entry into our refined zone.
Market is expected to rally towards our 1 hour and 4 hour liquidity target. From there we will have completed this trade, and all that will be left for us to do is the same thing we do everyday, "Rinse-And-Repeat"...
Catch you on the rebound guys ... lol
Note
Hey Guys!Market crashed our trade, cleared out our 1 hour bullish zone, and took us on one more bearish dip into the 4 hour zone.
It has again turned bullish on the 1 hour and we are setting up for a possible trade entry.
Note
We went all the way up on this pair.Market has gone all the way to hit our liquidity targerts on the 1 hour, 4 hour and daily timeframes.
Market is overly bullish, and now near overbought. We are expecting to witness some bearish reversal soon. But until then, we will hold on to our bullish perspective.
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