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A Great Deal of Bearishness Expected on the GBPUSDFrom our analysis of this pair in the previous weeks, we saw a good amount of bearishness. With the close of last week, this pair witnessed a bullish reversal on the 1 hour and 4 hour timeframes, invalidating our bearish zones and PBs and going all the way into the north. Today, we are beginning to see another round of bearishness. On the 1-hour, the market has already reversed bearish with the breach of our bullish PB. We are setting up for a short trade position, and we will look to take it when we get the needed retracement.
Short
by PanzyPips
Is The Cable Going Bearish Again...?On the 1 hour, we have seen how the market has danced back and forth in the past few days. In our last analysis from yesterday, we noticed a strong threat by the bulls to invalidate our zone. The zone was finally invalidated and the bulls took over without giving us a chance to take the trade to the downside. Following the bullish shift, we witnessed the market stay bullish for a very short term as it again u-turned bearish with the invalidation of our 1 hour zone and PB. It would be safe to say that the seeming bullishness was nothing but the market aiming to make a deeper retracement on the 4 hour timeframe. THe 4 hour chart is still bearish and we expect prices to switch into the extension swing and stay so. With the 1 hour now aligning bearish with the 4 hour, we are confident the extension is here and that prices will ultimately begin to dip towards our liquidity target below. We will look to catch this bearish trade and milk the market as it moves towards our target.
Short
by PanzyPips
Are We Still Bearish on The EURUSD, Or Is It Time To Go Bullish?From our previous analysis of this pair, we have been able to keep track of a lot of the market and price movements. Analyzing the markets from a 1-hour perspective over the past few days, we have witnessed a lot of back and forths, though in all of those, the market found ways to take us to our targets at each of those instances before catapulting in several directions. So today, we will be looking at this pair from a 4-hour perspective. On the higher timeframes of the monthly, weekly, and daily, we find an agreement of direction, with all of these timeframes indicating that the market is currently bearish. On the 4-hour chart, we find the market is currently in a down trend, making 1 PB down. This week, we have seen the market plummet down to spike the 4-hour liquidity target, but without taking it out or closing below it. Instead, prices ran bullish after hitting the 1 hour timeframe liquidity target at the same level. Enough of the narrative. Now the analysis. From a 4-hour perspective, the price is currently in a bearish trend and is now on a bullish retracement. Price seems to be aiming for some higher level within the PB to get its reversal. When the reversal comes, we would expect prices to dip all the way to our 4-hour liquidity target below. That is the move necessary to complete the 4-hour swing and move us into the next bearish PB on the 4-hour. Upon
Short
by PanzyPips
USTECH100 Bearish Momentum Underway🔅Intriguing developments on the USTECH100 chart are worth a closer look. Firstly, two key Fibonacci resistance levels, at 341.4% and 78.6%, have acted as strong barriers, indicating robust bearish momentum. 🔅Further dissecting the trend, we've noticed a clear pattern of forming lower lows and lower highs, emphasizing the downtrend's persistence. USTECH100 is currently at a critical juncture, testing the confines of a long-standing descending channel. 🔅This juncture could potentially provide a highly attractive entry point for short positions. For the complete setup details, we've shared a comprehensive analysis in our channel. Keep a watchful eye on our updates as the situation unfolds.
WHSELFINVEST:USTECH100CFDShort
by CryptoPAMM
TOMOUSDT Key Demand Zone & Bullish Potential🌟In the realm of TOMOUSDT, an intriguing dynamic unfolds. The key demand zone, a battleground for bulls and bears, has demonstrated remarkable resilience. Multiple tests have confirmed its significance, turning back price declines time and again, notably in recent price action. 🌟Furthermore, a notable development is the breach of the previous downtrend trendline, which has now taken on a new role as a robust support trendline. This shift is an important indicator of the evolving sentiment in favor of the bulls. 🌟The existing strength in the demand zone, combined with the support trendline's newfound significance, enhances the likelihood of a continued upward trajectory for TomoChain. 🌟In terms of price projections, our analysis suggests a potential growth of approximately 12%. This envisages a surge towards the psychological price level of $2.00. 🌟Notably, this corresponds with the 141.4% Fibonacci resistance level, which stands as a formidable target in the path of the ascending price. 🌟As we've done with all our analysis, a detailed trade setup has been thoughtfully prepared and is readily available in our dedicated channel. This comprehensive guide includes entry points, exit strategies, and potential stop-loss levels. 🌟In conclusion, the confluence of the intact demand zone, the sturdy support trendline, and the 141.4% Fibonacci resistance level fosters a robust case for a bullish outlook in TOMOUSDT.
TLong
by CryptoPAMM
Trading the Aussie Bearish; A Promise fulfilled...Hey guys! We promised to give our trade setup as a new trade idea. Here it is guys! Drawing from our earlier 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 see a minor swing, and that would be the target for our trade. We have marked out our zone from the bearish minor PB taken off the 1-hour chart. Prices are expected to pullback into that zone, following which we would be looking forward to seeing a bearish reversal indicating the end of the bullish pullback. The moment we have our price in the zone, we will pull out our trade checklist (Panzy Pips Trade Entry Checklist) and follow through with taking our trade. Stay with me, guys. This is gonna be a hell of a ride down the slope.
Short
by PanzyPips
The Bearish Run Resumesin our last analysis, we saw this pair breach our zone and go higher for a deeper retracement. According to our analysis, we refused to see the 1 hour zone as a reversal in itself but rather as forming a deeper retracement on the 4 hour timeframe. From our current analysis, it is clear that that was the intendment of the market. We have seen prices go all the way to our refined zone at the top and from there made a sharp reversal to continue the beraish run. We are in on this position,even though we did not catch it from the top as displayed on the chart. The trade depiction on the chart is just to show the entire trade from the zone to liquidity target. The bearishness has resumed, the bears are back, ready to drive the market to new lows, and we are right here, ready to hop on the slide down, all the way into the money
Short
by PanzyPips
A Bearish RollerCoaster ... 100 Pips in SightWe are witnessing a strong bearish momentum on this pair. From the Monthly to the 1 hour charts, all the timeframes are bearish. Comign through from yesterday's analysis of this pair, we see how prices have continued to melt towards our 4 hour and 1 hour timeframe targets. From yesterday, we see how the market gave is a nice dip that went to hit our liquidity target. We are seeing a retracement into the PB. We have marked out our zone in line with the Panzy Pips education strategy, and now we are waiting to see prices come into our zone, give us some good bearish reversal, afterwhich we will look to jump on the bearish rollercoaster as the market glides down towards the liquidity target below.
Short
by PanzyPips
Another Chance to Catch the TradeWe have been bearish on this pair since last week, when we started sharing our analysis actively. Yesterday, we caught the trade from the top and were able to watch it progress to where it stands currently. You missed the trade entry yesterday. That's ok. Because right now, you have a chance at joining the trend. With the market making a pullback into our PB and entering our zone, we have begun to see signs of a bearish reversal that should see prices melt towards our liquidity target below. We are setting up to catch another entry off this pair, and our setup is seen on the chart. Our trade entry is a SELl STOP and we are looking to get taken in when the market reverses. Looking to go the full length of what is left, our target remains the liquidity target below.
Short
by PanzyPips
8
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