A Bearish RollerCoaster ... 100 Pips in Sight

We 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.

Transaction en cours:

Price has tapped into our zone.
We will now follow one of the entry method to get in on the trade.

Transaction en cours:

Price in the zone, all other items on the chceklist checked, we are in on this trade.
Waiting to go break-even and risk-free as price progresses

Commentaire:

After making a deeper retracement in the down swing, we believe this pair is ready to resume its bearish extension towards our targets. Primary target is the 1 hour liquidity, with end target being the daily target below.