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Strong Bearish Momentum
On the 4-hour chart, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB), as marked out on the chart.
From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4-hour liquidity target at 1.20371.
Because it is a 4-hour chart, we would expect a good number of swings in the lower timeframes of 1 hour and below.
From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4-hour liquidity target at 1.20371.
Because it is a 4-hour chart, we would expect a good number of swings in the lower timeframes of 1 hour and below.
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