4 Hour Liquidity Target Hit after 3 Days of Waiting
In 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.
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.
Trade active:
Hey guys!
We are coming with a quick update on our Aussie USD analysis. So let's get started.
From our last-week analysis, we saw this market push bearish on the 1-hour chart. Our analysis had shown signs of a bulish retracement, and we had marked out the expected retracement zone. In the cause of the retracement, our zone was breached, and so we looked on to see a reversal from the next possible zone.
With the turn of the new week, we have seen the market u-turn at our next zone on the 1 hour chart, and from there it has begun to melt bearish.
It is our expectation that the bearish trend setting in will give us the needed extension to see prices dip all the way to the 1-hour chart liquidity target.
We will be looking to enter SHORt using one of the entry methods taught on Panzy Pips.
Our trade setup would come as a new idea, and we will call it "Trading the Aussie Bearish."
Watch out for it guys...!
Hey guys!
We are coming with a quick update on our Aussie USD analysis. So let's get started.
From our last-week analysis, we saw this market push bearish on the 1-hour chart. Our analysis had shown signs of a bulish retracement, and we had marked out the expected retracement zone. In the cause of the retracement, our zone was breached, and so we looked on to see a reversal from the next possible zone.
With the turn of the new week, we have seen the market u-turn at our next zone on the 1 hour chart, and from there it has begun to melt bearish.
It is our expectation that the bearish trend setting in will give us the needed extension to see prices dip all the way to the 1-hour chart liquidity target.
We will be looking to enter SHORt using one of the entry methods taught on Panzy Pips.
Our trade setup would come as a new idea, and we will call it "Trading the Aussie Bearish."
Watch out for it guys...!
