From our yesterday's analysis, we saw a possiblity of this pair going Bearish on the 1 hour chart, while still looking overwhelmingly Bullish on the 4 hour.
Today, looking at the 4 hour chart, we can see that there is a change in direction. The pair now has a Bearish perspective on the 4 hour chart. Price has retraced bullish into our Panzy Pips Block (PB), from where we expect Bearish reversal. We are open to the possibility of price reaching further up for our zone as marked out on the chart. With price expected to dip lower, we have our eyes and early trade setup focused at the 4 hour
Today, looking at the 4 hour chart, we can see that there is a change in direction. The pair now has a Bearish perspective on the 4 hour chart. Price has retraced bullish into our Panzy Pips Block (PB), from where we expect Bearish reversal. We are open to the possibility of price reaching further up for our zone as marked out on the chart. With price expected to dip lower, we have our eyes and early trade setup focused at the 4 hour
Trade active:
Sequel to our earlier prediction of price movement, we have seen prices rally all the way up into our zone as refined from the PB of the 4-hour timeframe. We will be looking to trade this dip if the Bearish perspective holds with a clear bearish reversal.
To identify the reversal, we will be using the Panzy Pips formula, following which we will use one of the trade entry methods as taught by Panzy Pips. Our target will still be the 4-hour liquidity target, as seen on the chart.
Sequel to our earlier prediction of price movement, we have seen prices rally all the way up into our zone as refined from the PB of the 4-hour timeframe. We will be looking to trade this dip if the Bearish perspective holds with a clear bearish reversal.
To identify the reversal, we will be using the Panzy Pips formula, following which we will use one of the trade entry methods as taught by Panzy Pips. Our target will still be the 4-hour liquidity target, as seen on the chart.
