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H-setup

Another Trading OpportunitySo yes we missed the previous swing. Not because our analysis were wrong, but rather because of our refinement of the PB to a much smaller zone. No need to reflect on it or worry about it for too long. It is gone. Let it go. So we move our focus to the next swing. The market is setting up for the next swing. We have a new PB and we are getting ready to jump on it. As always, we have marked out our refined zone from the PB and now we are waiting. Price is currently retracing bearish. We expect prices to come into our zone, and from there we will look to trade this pair. As you already know, if you are regular with our analysis, the target is the 1 hour liquidity target up above.
Long
by PanzyPips
First Bearish, Then Bullish... and then We TRADEThe USDJPY has maintained its bullish momentum from the past few weeks. Last week, we witnessed this pair come with a deep to take out zone, create an impression of a bearish reversal, and then continue or resume its bullish trend. These are fakeouts, and they are very common occurrences in the market price movements. On the daily, 4-hour, and 1-hour timeframes, the market is bullish. With the market making a new high, prices are expected to begin to retrace bearish. With the retracement in place, we will look to the new high that just formed as our liquidity and look to trade market prices up all the way to that point. But first, we would want to see price retrace bearish and come into our refined zone, after which we would decide on how to enter the bullish trade. Stay close, guys. This is going to be an interesting one.
Long
by PanzyPips
A LONG Spike AGAIN. Quo Vadis?This pair has again witnessed another long spike. A second spike in about 3 weeks. With this spike, a lot of traders are likely to get confused about the next direction in which the market is expected to go. So let's give it a try. Before the spike, we witnessed how prices rallied in a systematic manner. This rally was strong enough to turn the 4 hour the 1 hour and even the daily charts from their hitherto bearish trends and set them all on bullish swings. With the bulls taking the day on these 3 timeframes, we can say with a certain amount of certainty that the market is bullish and we will be expecting to see higher prices. The market is currently dipping. We will consider that dip a retracement, which is helping move prices into our PB. Price is already in our PB, and now we are waiting for price to come into our zone, from where we will be looking to trade. Our target will be the 1 hour and 4 hour liquidity target, which is actually a confluence.
Long
by PanzyPips
A Little Bearishness Before We Go BullishBorrowing from our previous analysis, we saw how the market went all the way bullish to hit our liquidity target. After doing that, it gave us more bullish setups and trading opportunities, all of which played out. Today, we are on the 1-hour chart again, and we are looking to predict market direction. The market is currently in an uptrend, with 6 PBs to the north. We have every reason to believe this market will continue to be bullish and remain so, all the way to the daily liquidity target above. But before we look to jump on a bullish trade, we would want to see a bearish pullback into our PB. We have refined the PB for our zone, so we will wait for the price to come into that zone. When price comes to our zone, we would apply our rules to identify early reversals, following which we will use one of the trade entry methods.
Long
by PanzyPips
The Bullish RUN ContinuesWith the previous Bullish swing completed, it is time to look on to the next. The market has given us a new PB, an area to trade from. From the PB, we have made an attempt to refine it to get our zone within 1 hour. With our zone clearly marked out as seen on the chart, we anticipate price dipping into the zone, and from there we will be looking to trade. The trend is bullish in the 1-hour timeframe, and our TP target is the 1-hour liquidity target.
Long
by PanzyPips
The Bearish Clock is Ticking...A quick re-cap of where we have come from and how long we have followed the analysis on this pair. The market is Bearish and is currently in a bearish PB. After the bearish impulse, the market has continued to push bullish to give us a retracement. From our earlier analysis, we saw the market dip to make a low, and we had established that from that point on, we would expect prices to begin to retrace bullish towards our refined zone of the 1 hour PB. The market is still on that bullish retracement. It would have been a great idea to have caught a long on that bullish retracement, but I didn't. lol. So now the market is almost in our zone. We should see the bullish move experience some slowing down as it draws closer to our target. As a trader, patience is one of my virtues. A second one is that I trust my tradin system and I always stick to my rules. So on this one, I will stay disciplined. I will wait for the market to get into the zone and from there I would begin to look for possibilities of a bearish u-turn to set us off on our swing towards the extension. When the market gets into our zone, we will use one of the trade entry methods from Panzy Pips to catch this beautiful bearish trade; and boy, we are gonna milk this trade dry... lol
by PanzyPips
Still Holding Bearish... But for How Long...?This pair is bearish on the 1 hour and the 4 hour. We choose to limit ourselves to just the 4 and 1 hour charts for now; those are the charts we will be considering the most when taking our trades. On the 4-hour, we found a bearish push last week, and we were able to catch a bearish trade. We have held on to that position till now, believing that the market still has a bearish trend. On the 1 hour, we see the market in a bearish PB. The current bullish push has not been able to overthrow the bearish setup. We can see from the charts that the bullish push has come deep into our refined PB zone. We agree that the zone is threatened, but it is still yet to be breached. Until our Bearish zone is breached, we cannot say the bulls have taken over, and as such, we will still hold on to our bearish perspective. Now for the further analysis: We hope to see the bearish zone hold. Where it holds, prices are expected to drop bearish toward the 1-hour liquidity target. Where our expectations fail, we will see our zone breached. In that circumstance, we hope to see prices soar higher for a bit to give us a deeper retracement into the 4 hour PB. From there, we will hope to see a deeper retracement reversal, after which the market will be expected to run the 4 hour liquidity target below.
Short
by PanzyPips
A Bullish U-Turn in SightSo finally, we have come to the end of the 1-hour bearish trend that was based on the 4-hour bearish swing. Remember that our trading Bearish was a counter trade in light of the 1 hour. Even though we were stopped out on that trade, I am sure we have all learned a very important lesson: always listen to the trend and go in its direction. Recall that the 1-hour was screaming bullish while the 4-hour was bearish. The 1-hour chart definitely chose to hold strong and move the market in its direction. So let us now look at the market in the direction of the trend. On the 1-hour chart, we can see that the market has made three bullish swings. It is currently making 3 PBs to the top. On the 4-hour chart, the market is equally bullish, with 1 PB to the up side. On the daily, we still have the market in a bearish PB. The bullishness of the 1 hour and the 4-hour charts are likely to be retracements on the daily charts. Be that as it may, we will still expect the bullishness to hold sway and look for trading opportunities in that direction. We would expect the market to remain bullish until the daily zone. The zone is our refinement of our bearish PB. When the market gets there, we will be more attentive to see a reversal play out. We have established that the market is currently bullish on the 1 hour and 4 hour charts. So let's consider some trading opportunities. On the 1-hour chart, we have 3 PBs to the top side. We expect to see a bearish market pullback to give us an opportunity to get in on the LONG trade. The market is expected to retrace to our zone, as marked on the chart. From there, we would look to trade bullish using one of the trade entry methods taught at Panzy Pips Forex. There is also the likelihood of the market reversing without getting to our marked reversal zone. Where that happens, we will apply the rules taught by Panzy Pips to catching such trades, and we will look to catch that wave all the way up to the top. Long story short, we are out of this trade, and the trend is bullish on the 1-hour chart.
Long
by PanzyPips
YFIUSDT 5th Wave Down and 40% Drop🔹YFIUSDT's Potential YFIUSDT continues to operate under the shadow of a persistent long-term downtrend, which undeniably leans towards a bearish narrative. The latest price action on YFI, echoing the broader market sentiment, paints a rather ominous picture. A key player in this tale is the 78.6% Fibonacci resistance level situated at $6100. 🔹Fibonacci Resistance: A Formidable Barrier This Fibonacci level hasn't been merely touched but decidedly respected. What further strengthens the bearish case is the precise bounce off this level. It's like the market's way of reinforcing the boundary, emphasizing that YFI remains captive under its influence. 🔹Downtrend Resilience Zooming in, we observe another compelling facet – the unyielding rejection. It's most evident at the point where the price last reached a peak. Here, the Fibonacci level intersects with the long-standing downtrend trendline, creating a formidable ceiling. As long as YFIUSDT remains imprisoned beneath this double-resistance structure, the bearish momentum is poised to persist. 🔹The Impending Drop: An Elliot Wave Perspective In the world of technical analysis, Elliot Wave Theory serves as a captivating tool. The current analysis strongly resonates with the theory's harmonious rhythm, suggesting an imminent fifth wave down. This could lead YFIUSDT to plummet by approximately 40%. 🔹Stay Informed As always we should share a bearish trade setup in our chancel.
Short
by CryptoPAMM
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."
Short
by PanzyPips
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.
Short
by PanzyPips
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.
NYSE:VShort
by CryptoPAMM
2
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.
Short
by PanzyPips
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.
Short
by PanzyPips
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.
Long
by PanzyPips
6
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.
Short
by PanzyPips
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
Long
by PanzyPips
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.
Long
by PanzyPips
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.
Short
by PanzyPips