On this pair, we have seen the market give us some strong bullish potential. On Friday, we saw the market come all the way down to our 4-hour bullish zone, and from there, it began to reverse bullish. Yesterday, we witnessed the bullishness continue, and we looked to take a trade. The market went in the direction of the 4-hour analysis. The market went all the way to our 4-hour liquidity.
We are expecting to see some bearish pullbacks today to drive prices all the way down into our bullish PB and ultimately into our refined zone. From there, we will look forward to seeing the market reverse bullish, and using one of our trade entry setups, we will look to get in on this trade.
There is a possibility that the market will pullback for a bit and reverse without getting to our zone. But not to worry; when that happens, we will be ready to take a look at it and determine how to jump on the trade.
So we are expecting a down move followed by an up move.
The most important thing is that the market will retrace bearish into the PB, and from there, look to go all the way up to our liquidity target above.
We are expecting to see some bearish pullbacks today to drive prices all the way down into our bullish PB and ultimately into our refined zone. From there, we will look forward to seeing the market reverse bullish, and using one of our trade entry setups, we will look to get in on this trade.
There is a possibility that the market will pullback for a bit and reverse without getting to our zone. But not to worry; when that happens, we will be ready to take a look at it and determine how to jump on the trade.
So we are expecting a down move followed by an up move.
The most important thing is that the market will retrace bearish into the PB, and from there, look to go all the way up to our liquidity target above.
