Bullish on the 1 Hour
Updated
We 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.
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.
Trade closed: target reached
From our yesterday's analysis, we saw prices come towards our zone as marked out from our Panzy Pips Block (PB). We took a trade from that level, using our Panzy Pips Trade Entry formula, with target beign our 1 hour liquidity target.
The trade was triggered at about 1600 (WAT) and coasted all the way to our target.
That trade has been completed, with the market not just hitting our liquidity target, but going a bit beyond it.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.