Cable Update (GBPUSD)

What's this chart analysis can anyone explain me please

You like of the candles magenta or prefer another color ?

Wow, Broker auto closed my trade Shame... Lets hope we get back to 1.376 - FXStreet touting 1.38 by end of today.

and created long at 1.3712

trying longs again on support area

impulse, fibo 161,8% on watch, before some retrace

it seems to me that bears today are going to take action

Make it yellow and I guarantee 1000% tomorrow price will move to right....

Where is the hammer

My last post on this forum and off of FF pretty soon. There are some really good traders in here but they seem to not be understanding that we’re trading with banks so your indicators are going to be indicating you after the fact. How many different settings do we need to see on a MA to know it’s just that an AVERAGE. Doesn’t mean that every time it crosses above or below that’s just what’s going to happen and in fact if it did we would all be millionaires and the markets wouldn’t exist. Accumulation and Distribution and Orders Blocks at the extremes make this way too easy yet a lot of you want to keep trading backwards against the banks. 2021 let’s focus on Draining The Banks and not getting drained by the Banks. I wish you all well and hope someone if only 1 person receives this and makes some changes to their mindset.

stop loss hit .. enough for me on cable...good luck

Said this multiple times, Banks are the market movers. We all know this.
A better thing for Retail Traders to do is to completely detach from the idea of trying to figure out what banks are doing. Instead, the Retail Trader is far better off teaching themselves how to Go With The Flow of whatever the "banks" are doing. Banks are not Scalping 100s of millions or billions of dollars on a 5 minute hot tip trade. Because their size is so large, they have to build their positions over extended periods of time.Typically, when the masses are selling, institutions are buying - building a position. When the masses are buying, typically, institutions selling - once gain building a position. At some point, that "pattern" of institutional position building will result in what you see as a market on the move as price reverses and begins moving forcefully in the opposite direction relative to most Retail "Dumb" Money (that's what they call you as they laugh their way to profits).

just ask yourself do you think banks move the markets because an indicator says so. No it’s price.

This is why price action I think will always be king. Since trading it I don’t see why’ll I ever change

need patient, usd fighting here, it will calm down

Only now you tell me this secret, and i was trading the candles green.

13670
13630
13590
in my way...

Watch out longs... GU is building a large bearish wedge. It can drop quite a bit if it breaks the lower wall. The chart below is H4.

If we close on HTF under 1.37.
1366 could be in sight