Short Term Bearish Then A LOUD LONG Bullish Expected
Updated
This pair is at a peculiar point, and that is because all of its timeframe analysis are pointing in the same direction, BULLISH.
On the 1 hour, we see a little bit of a divergence, with price looking bearish.
As evident from our notes to the chart, we envisage that this short term bearishness on the 1 hour is only intended to drive prices deeper into the 4 hour POI.
We can see this playing out already. It is our expectation that the 4 hour zone will hold, and where that does, we hope to see some bullish reversal and the bullishness on the 1 hour resumed to align with the larger timeframes.
Until then we will wait on the sidelines. I do not think it a wise decision to trade this bearish on the 1 hour. But in the event that the 4 hour chart loses it bullishness, the zone is taken outm then we will declare an "SI" (Setup Invalidated), and well pack up and leave, and look forward to the next trade setup.
Always remember, NEVER FORCE A TRADE...!
On the 1 hour, we see a little bit of a divergence, with price looking bearish.
As evident from our notes to the chart, we envisage that this short term bearishness on the 1 hour is only intended to drive prices deeper into the 4 hour POI.
We can see this playing out already. It is our expectation that the 4 hour zone will hold, and where that does, we hope to see some bullish reversal and the bullishness on the 1 hour resumed to align with the larger timeframes.
Until then we will wait on the sidelines. I do not think it a wise decision to trade this bearish on the 1 hour. But in the event that the 4 hour chart loses it bullishness, the zone is taken outm then we will declare an "SI" (Setup Invalidated), and well pack up and leave, and look forward to the next trade setup.
Always remember, NEVER FORCE A TRADE...!
Note
UpdatePrice has u turn bearish on the 1 hour timeframe. We have joined the market and are goign bearish.
We currently have a bearish position here and we and holding on to our trade, look for prices to hit our 1 hour liquidity target which is our trade TP
Note
Chart UpdateFrom yesterday analysis, price tap us in, then blew us out of the trade like a skyrocket. lol.
Apparently we wer wrong on our zone for the 1 hour timeframe. Market blew through our wrong zone and went all the way to the correct zone. From there it reversed bearish and went all the way to hit the 1 hour liquidity target.
This move, the tap into the zone and the hitting of the target came through the US market open. And we saw two spikes.
Our swing is still valid and our zone is still valid. We are looking forward to price coming back into the zone. Where that happens, we will look to see prices drop all the way towards the 1 hour liquidity target down below.
Let's stay jiggy guys ... !
Note
Welcome Back Guys...!Price tore through our 1 hour zone and went depeper into our 4 hour zone. The perspective is still bearish on the 4 hour chart.
On the 1 hour, price has begun a fresh bearish swing. It is still in its embryonic stage, and so we will tread with caution.
We have marked out our zone on the 1 hour and look to see prices retrace with a rally into our zone. Where that happens, we will reach for our trade plan adn begin to setup our trade.
Catch you on the REBOUND Guys...!
Note
Loads of Indecision on the 1 Hour TimeframeThis pair has continued to toss back and forth like troubles waters. Difficult to catch this wave guys. lol
But we are looking to see clear setup very soon.
Order cancelled
Market went crashing through our zone.
Setup invalidated.
No trade
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