Cable Update (GBPUSD)

Chart of Piccaso

aurora

Closed my sell orders. Now opened buy. Stop 3821

i just try out about what moty said to me yesterday, and i add 20 ema for confirmation. It's not a signal, just opinion for what i see on my chart.
#justmaybe

AU delicately poised, Daily, each orange tl is a H&S neckline the 2 upper ones have played out nicely, the present one in play now, pounding the neckline for last 20 days, the target for this H&S is ................................. 70cent :-) pa now 74 60

1.38500 area maybe ill sell , depend on react of PA when near LO

leave all behind and watch d1 and 1h for now
daily, 1766 to 1809 a confluence zone/ neckline after the double bottom at 1680 area.

now PA is above it, so drill down to 1h, watch how price action is so clearly, sum up of this week: price is inside the confluence zone on daily, bears attack with big bearish 1h and bulls answer right after with engulfing bullish hour, same scenario two times this week.

now pa is above the confluence Zone, all trends are up (daily is in bearish cycle since the amazing day of the announcement of the Pfizer’s vaccine)

I cant say it will not fall, but how many pips you need to sacrifice?

stay safe and buy dips with h1 above the confluence zone (not falling knives)

Its mesmerising... can i have that indi?

Break down
1 hour for important data
There is pre employees data in the usa today and mr powell

FOMO disease.

Perhaps the toughest thing for me to get over.
I still suffer from it occasionally.
Not even sure there's a cure but least experience is a good treatment.

Currently, the moment GU price hit the congestion area, retail buyer already in position going long afraid of missing out the next bull run.
The analogy I have is jumping onto a fast moving train, along with many others.
We're too scared that we will miss the train.

See chart below.
We assume price will bounce upward tonight/tomorrow IF this level HOLD. .... Repeat.. If the level hold !

It need to be tested. If it doesn't hold, it will go down to fill up the gap (liquidity gap) below.
I am a confirmation trader, not a touch trader, so I would need to see certain elements before entering a trade.

The annoying thing mostly is our analysis was kind of right. But our entrance was WAAAAY off!
Sound familiar ?. "
That's the problem, you cant wait and we have FOMO.

Stay and wait for complete set up before committing to a trade.
We need to stick to the rules of not entering a trade if we can't get ideal price and to not force an entry because of FOMO (fear of missing out).

Lesson of the day and something we need to force ourselves to remember.
After all, FOREX, is the game of selling lies....


Here's GU Chart, completed trade taken earlier & waiting this level to be tested.

it can go up or down , dx doesn't help either , but usd cad give us a big clue
the drop is coming , tp is 1.37800-1.38000

buy buy buy

its just alotta EMAs.. 2 - 200

i got it from google.. love the colours

here you go

Where to ?

have no idea.. lol

well,, just wait and trade what i see

it's now or never

Hey guys, I am currently isolating at home and thinking if you guys have any recommendation of (trading) books that might be worth reading while I am recovering (preferably in PDF format lol)

Much appreciated and stay healthy and safe!