Cable Update (GBPUSD)

there are few missing pivot up, including new monthly.., ( I put arrows )
and
she'll be back UP imo
but first
DOWN she has to go

I can be wrong
... and will pay for this

ah i see , tommorow have NFP as well , maybe we will see the hard dropped soon. all setup for the structure sell higher

short 1.3820.... again

I think before it happens it will first affect R1

Not sure what you mean? Up to R1 today then down?

I'm only targeting above the Asia range high, 5xR is enough, albeit could easily reach higher

the breakout is here

masi nahan yg tadi pagi , hit high asian , continue down atau melewati perbatasan dan burrish

hope that pink area hold XD

...I think a lot of traders are looking to sell again after this pullback (if that is what it turns out to be) in what is a 'messy' 1hr/4hr general fractal downtrend, although 1hr could be said to be consolidating right now ? This is particularly the case with y/day's bearish engulf thrusting mthly close which will likely encourage the longer term bears too. Meantime, and closer to the current action - 1hr below.

+1 - I am long XXXUSD, in this case, EU. I only trade one XXXUSD pair at a time, mostly randomly. EU is M15.

I attach also my View on GU. It is the same shit. I know if price breaks down my sl my setup is wrong, then I need to close. GU is M30.

The trade shown is a buy limit, but I already closed a long position today. Don't forget to set your stop-losses to limit your risk when your setup fails.

[edited]
Boom, the setup was invalid. It does not mean the positive bias is invalid yet. But we need to limit our losses and close.

My long in EU persists since, even if the markets show a selloff in GU, it does not mean that at this very moment, the same operation is affecting necessarily EU.

So what I do in these cases is to reduce my lot size since I am observing an accumulation of dollars being in progress and I was betting the opposite on EU.

[Edited]
EU worked fine.

maybe the aussie will save us

GU Renko 2021.
Level to watch.

This was my first trade today on GU. A simple ~1:1 trade.

It can be proven mathematically that going long here is better than doing nothing. And there is where the average retail trader fails to analyze properly the underlying problem at hand and just acts upon the belief that something not tested works.

Everyone buying or selling breakouts and the classic chart patterns as explained by Murphy and other analogue authors is doing the opposite of what it should be done.

GU

Setting up for break out trade and retest.

Price is still in bearish channel.

is it double top
???

Bailey speaking now

back in range ..10-20
????

What on earth is this spike?