Note that US index is breaking from pit weekly balance too (obviously upside): monitor it too if you like as it could be a confirmation of current GB attempt downside.
Ubi maior minor cessat
1
Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow 785 replies
Updating stops to lock in profits 3 replies
lock pattern for global variable in MT4 2 replies
Disliked{quote} Pit attempting break downside below 3905: in case of success next level is 3796. (the other pit inside week low) In case of failure next step major composite poc 3966Ignored
Disliked{quote} Retested 3905 from below (at the pip*) failed there, and went down again. *too exact maybe, but let's see.Ignored
Disliked{quote} 3905 retested again. Again failure but now very weak level as it has been tagged twice in a row: weak hands selling there...Ignored
Disliked{quote} It could be taken out and then back downside again after weak hands removal. Or it can take it out and gain acceptation above it (in which case the attempted break could be considered failed.) Last possibility is to let it be and continue lower. But in this case you got to be aware of the weak environment of the action downside. And carry forward this info.Ignored
DislikedI got GU and GY clearly bouncing from support level. Would like to see 3966 level getting hit to think shorting again. Great calls Lock, keep it up!!!Ignored
Disliked{quote} Clearly we are in the third case. Major level downside are 38355, 38428 and specially 3853. In case of acceptation below them we could see 3796.Ignored
Disliked{quote} You have to know what is going on in other pairs but if you trade a couple you must take into consideration its environment first. Otherwise you risk to be misled.Ignored
Disliked{quote} It could be taken out and then back downside again after weak hands removal. Or it can take it out and gain acceptation above it (in which case the attempted break could be considered failed.) Last possibility is to let it be and continue lower. But in this case you got to be aware of the weak environment of the action downside. And carry forward this info.Ignored
Disliked{quote} 3905 retested again. Again failure but now very weak level as it has been tagged twice in a row: weak hands selling there...Ignored
Disliked{quote} It could be taken out and then back downside again after weak hands removal. Or it can take it out and gain acceptation above it (in which case the attempted break could be considered failed.) Last possibility is to let it be and continue lower. But in this case you got to be aware of the weak environment of the action downside. And carry forward this info.Ignored
DislikedCluster of sessions-high at 3916 Poor low at 38715 38355 major GB level downside (in case of continuation downside) back to 3966 in case of failure downside.Ignored
Disliked{quote} Here we are, just a couple of pips above our main 38355 Watch out as for any continuation downside we need acceptation below it.Ignored
Disliked{quote} So it tested 38355 once and failed. Let's see if it is enough or not. Remember that at 38235 we got the second GB inside week low. So even if it will retest 38355 take note of this level as the real GB weekly breakout downside (if any) will occur there. If instead this test below 38355 will be definitive, then we could easily aim at comp poc 3966Ignored
DislikedGood morning. Looking towards Bearish setup. Testing Supply level @1.3835. So far, holding. I guess we'll see a new retest. On the other hand, in daily charts, we had a clean rejection from 3709 level. I guess today we'll trade kind of sidewways. Looking for bearish setup retesting 3709 if wedge breaks south. Have a good week!! {image}Ignored
DislikedFor instance, the last 2 GB sessions place their respective lows exactly at the lows of the overnights (Tokyo lows): at 38165 (yesterday) ans at 3766 on Monday. This is not a sign of strength. But it is only one information. To be cont...Ignored