Ready to Resume the Bearish Push
Updated
From 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.
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.
Trade closed: target reached
Yesterday, we witnessed the market move all the way to hit our 1-hour liquidity target. This trade swing is complete.
In another idea, we will look at a new trade setup, swing, and analysis.
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