Cable Update (GBPUSD)

GU looks very strong. 1.24 on cards ?

I see you Moty... Looking forward for that sell mysel, I'm just waiting for my confirmation to get in.

Let's see, the market will find a point and stop by itself (he is always right), I think that there are even chances that it will go to 1.33 in your photo, the volume is not in vain there and in that place....... ..

There is a downward arrow sign on the daily chart.
It broke above the previous high at M5, but has entered a range.
I have placed a stop order short on the lower side of the resistance, but I don't know if it will hit.

Close 2227. +22. Good start to the week.

Two more active, waiting for reverse and back to the trend from HTF🍀

my view
staying between red and green line
if we are above S = long

What a bummer. It would have reached my original target. I got spooked to quickly?

Don't sell prematurely. Look left. That tail in the amber-colored ellipse will be taken out before any meaningful retreat, if at all.

1.22677 should present an opportunity to scalp short; just a few pips though. I’m looking forward to taking off another contact at that level.

Just a touch higher pls so i can confirm my scenario. And then who knows, down or much further up. What i do know, it will be long after retracement breaking whichever high there is from here.

long since Asia session
TP 1.22640

dx is at 103

he shell not drop below that

ty mr bulls , please continue

short gbp

i have the same view.
Still,… 1.025 is a posibility before it shuts up.
just to kill people the think like you and me.

i m also in sell to 1.21 and then 1.19

long from 1.223, target 1.229+

stop under 1.22

One of the reason why we are losing- is our addiction to indicators. Using indicators in Forex is like spying or copying to pass an examination, if you successfully spy or copy today, what about tomorrow ?

indicators are only useful in your juvenile stage and I strongly recommend Traditional MACD, FIBONACCI, MA and the ATR LEVELS, These indicators will assist you to learn price action. After a period of 6 months; if you’re a serious Trader, you should start doing away with the MACD and May be later the ATR levels.

The Fibonacci levels can go with your trading or price action but However, some people can tell when it is 61.8% and 50% without placing the Fibonacci on the chart. Some traders also throw one moving average on the chart to see direction that’s not bad too.

The honest truth is, Someone who short the high of the previous week and buys the low of the previous week should be more profitable than someone with all manners of indicators on the chart.
Again. If you’re successful with indicators be very thankful to God.

Forgive me if I’m stressing on this too much, I know a lot of people here are just losing money everyday!

Good luck!