{quote} No juice in the market.... I feel this is going to be like this ALL DAY LONG!!!
Going to take a walk with camel until I reach the next water hole (Oasis)
If I don't come back by NYO, then, assume I'm lost in the desert.
Cable Update (GBPUSD)
- #597,501
- May 26, 2021 1:51am May 26, 2021 1:51am
- | Additional Username | Joined Mar 2020 | 1,607 Posts
Going to take a walk with camel until I reach the next water hole (Oasis)
If I don't come back by NYO, then, assume I'm lost in the desert.
- #597,502
- May 26, 2021 1:52am May 26, 2021 1:52am
- Joined Apr 2019 | Status: Trader | 5,796 Posts
Don't trade what you think. Just what you see!!!
- #597,503
- Edited 2:17am May 26, 2021 1:53am | Edited 2:17am
- Joined Sep 2009 | Status: Trader | 6,009 Posts
- #597,504
- May 26, 2021 1:59am May 26, 2021 1:59am
- Joined Apr 2020 | Status: Trader | 8,806 Posts
Trader with an Edge.
- #597,505
- May 26, 2021 2:05am May 26, 2021 2:05am
- Joined May 2011 | Status: Balance sh*t | 2,062 Posts
Peace Yo!
- #597,506
- May 26, 2021 2:07am May 26, 2021 2:07am
- | Additional Username | Joined Mar 2020 | 1,607 Posts
{quote} Great Sky!!!
She does better with Camel walk at Oxford Circus.
Cooler & better view with Starbuck at corner shop.
- #597,507
- May 26, 2021 2:09am May 26, 2021 2:09am
- Joined Jul 2011 | Status: Hi hoo im back!! | 2,678 Posts
- #597,508
- May 26, 2021 2:10am May 26, 2021 2:10am
- Joined Oct 2010 | Status: Trader | 4,465 Posts
Daily larger degree swing and trend is up
The larger degree swing subdivided into minor swings and the minor trend is up
The minor waves subdivided into intraday swings and the intraday trend is up
Now taking a look at the current price action using the 4H to see what the intraday waves are doing we can see price moving in a triangular pattern with an abcd and e in the final stages of completion or possibly complete as e would be an impulse as its moving with the triangular pattern corrective direction.
So essentially we would be looking for a move up overall but that will depend on a break out of the triangular pattern and retest before doing anything.
The larger degree swing subdivided into minor swings and the minor trend is up
The minor waves subdivided into intraday swings and the intraday trend is up
Now taking a look at the current price action using the 4H to see what the intraday waves are doing we can see price moving in a triangular pattern with an abcd and e in the final stages of completion or possibly complete as e would be an impulse as its moving with the triangular pattern corrective direction.
So essentially we would be looking for a move up overall but that will depend on a break out of the triangular pattern and retest before doing anything.
Follow The Markets Structure - Patience and Discipline
- #597,509
- May 26, 2021 2:13am May 26, 2021 2:13am
- Joined Apr 2020 | Status: Trader | 8,806 Posts
Trader with an Edge.
- #597,510
- May 26, 2021 2:13am May 26, 2021 2:13am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #597,511
- May 26, 2021 2:16am May 26, 2021 2:16am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
Fools Rushing 
- #597,512
- May 26, 2021 2:20am May 26, 2021 2:20am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
Boring week so far, but i think tomorrow will be volatile and exciting. US GDP data will be out tomorrow, which will probably wake up the market. Based on my fundamental analysis & calculations, USD is weak right now; there's so tiny little chance that USD can take it's advantage back with just the GDP numbers. GBP have a big advantage against USD right now.
As you can see here, the gap between GBP and USD is huge: 
Tomorrow, if the US growth numbers come out high; GBP/USD probably make a fake breakout to the downside like it did when US CPI numbers came out high (which was actually bad for the USD but it strengthened fakely, then lost it quick) two weeks ago. We can see the game tomorrow.
So all in all; USD has a little chance to get strong, GBP has the upper hand fundamentally. It may make a fake breakout to the downside but GBP is likely win this tug-of-war at the end.
As you can see here, the gap between GBP and USD is huge:
Tomorrow, if the US growth numbers come out high; GBP/USD probably make a fake breakout to the downside like it did when US CPI numbers came out high (which was actually bad for the USD but it strengthened fakely, then lost it quick) two weeks ago. We can see the game tomorrow.
So all in all; USD has a little chance to get strong, GBP has the upper hand fundamentally. It may make a fake breakout to the downside but GBP is likely win this tug-of-war at the end.
You have to have an IQ higher than 90 to interact with this user.
- #597,514
- May 26, 2021 2:42am May 26, 2021 2:42am
- Joined Oct 2020 | Status: Trader | 14,022 Posts
Insane in the Brain..
- #597,515
- May 26, 2021 2:56am May 26, 2021 2:56am
- Joined Jul 2011 | Status: Hi hoo im back!! | 2,678 Posts
A growing trend, but also preconditions for the beginning of a correction. I marked 2 areas of resistance and support, which formed the triangle shape consolidation.
I am now open sell on euro and I believe that a strong impulse candlestick down can also be expected here. it will not be able to make new highs pass through 1.42300 without strong support 
I am now open sell on euro and I believe that a strong impulse candlestick down can also be expected here. it will not be able to make new highs pass through 1.42300 without strong support
- #597,517
- May 26, 2021 3:00am May 26, 2021 3:00am
- Joined Oct 2020 | Status: Trader | 14,022 Posts
Insane in the Brain..
- #597,519
- May 26, 2021 3:06am May 26, 2021 3:06am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #597,520
- May 26, 2021 3:06am May 26, 2021 3:06am
- | Additional Username | Joined Mar 2020 | 1,607 Posts
Wow. My favorite candle pattern again. Ain't we looking at 1.42 or above ??? {image}
Thinking the same.
But, I waiting to buy at lower price later
Mean while just scalp first from the set up visible @ lower Support zone.
H1 & H4. Chart
