Cable Update (GBPUSD)

If you look you can see nice and easy ,
When that pretty h1 shooting star printed and broke, it could not go into it's wick
Then
When the pretty morning star printed and broke, same thing ,it could not get back into the candles before up .
Now look at the 4 week ,which close this week ,this 4 week hasn't the power to go into that wick imo.
If it goes in there in the next 4 weeks it will find support off that low area based on that pretty thing
Just saying that 4 week never entered the wick and broke it.

dont close because of me bud haha, just something to keep in mind, 7pm sunday couple hours before open will be plans for may.

have a chill weekend all

this 15 min one was actually mentioned by Elbert ,I think he said thats a 30 pip candle wick ,which is big that time frame

i couldn't close any way .
the market is already close lol

pay attention long wicks ,they show aggression ,there's a massive one on the monthly then a bullish candle next, thats why I think it will break top of box before bottom
or pretty pa

that h1 morning star would have been a lot more powerful should it have been totally in free space ,location matters ,long wick is it a bottom or top
its still difficult to break ,I think
unless it gaps

here's a long wick up at a bottom , I posted it on the print

on that basis
this candle has a wick to the upside but its still bullish after the long legged ,only a gap can change it is most probable...
look at other example s right there on the chart

Bulls have past the test

Intarady trading scenario:
Current trend bias; Upward

Scenario 1;If the price can go above 1.24600 clearly,then goes up to around 1.2500~1.25250.
Scenario 2;If the price can't go above 1.24400~1.24500,then goes down to around 1.23400~1.23150.
Scenario 3;If the price can't go above around 1.24400/go below around 1,23700,
the price will be hovering between 1.24600 and 1.23500 to find direction for a few days.

I agree with you Moti.

One caution.

If the price opens down, then bearish.

The line to be drawn is 1.2400.

If 2400 gives up, 2350. which would be daily S1.

IMO, on MONDAY, It would be 2450 to 2350.

There was a discussion whether to withdraw the money from trading account or build the account.

IMO, part of money shall always be withdrawn and invested elsewhere.

I know who put everything in one basket have vanished.

Some ratio may be used.

50 % withdraw and balance in trading account for building growth.

This is not only applicable in trading but in other businesses too.

See now, the COVID, to what extent it has impacted every business.

Those who earned from businesses, if not invested elsewhere are in deep trouble.

morning , anybody think bull flag ??? Not sure if it is ? If this pattern continues as the one before then if if it goes back to the top my emas would look to being bull .and break that 2650 . If ?? If it di a flag then bottom to bottom of flag is 777 pips . Some have 7 as a lucky number so if ?? If it is the measurements if you measure from the bottom could see 2950 . As posted last week .. if you measure the top then . 3450 area .. bones could give us more info on that possibility. 2550 area could be an end to that look . Then we have to plan the short move .. but look at that next week

considering the weekly pivots, and weekly close, I see next week bullish action.

However , one should consider 1.2380/30 as weekly support levels.

Extreme weekly s1 can be 1.2285.

Not below this level for the next week.

Having said that Monday and tuesday, most probably the price will hit weekly lows.

i will be surprised if r1 , 2467 breaks on monday.

anyways let us see the daily open.