Cable Update (GBPUSD)
Hi, guys, I have a question. How do you guys deal with this situation when you encounter it? US Dollar Index, 4H, price has a very clear support level A, and the next price seems to be recognized by the market to collect a small positive line. Then, the market broke down. My question is, how do I go about determining if it will break out and possibly signal a break down? {image}
{quote}I use mostly this strategy and it works most of time for me. In this situation I shift to 5m TF and wait for the HH-HL and LL and LH confirmation to decide enter into buy or sell trade. I may be wrong. trade safe
{quote} What I normally do is that, I monitor lower time frame when price reach that important level, it's either the lower time frame will create a reversal or just a normal Pullback so that leads price to fall or bounce. The most important part of all this is to know when price is in range or Pullback and how these patterns fail.
if you need to short
Shorts seem to be gone guys. Wait for 1.26+ for next
{quote} I;m not that skillfull. I copy other people signal and set up. Here 's is the tips from great traders before CPI data release, he was very precise and consistance with his set up and always aksed his tips. {quote} Here's the chart in relation to what he's tried to say.{image} 30 hours ago, i've marked up the chart according to his tips. Here's the link and the chart. {quote}{image} Then I've draw up the set up for CPI more than 32 hours ago. Here's the link and the set up. This is called LRLR... {quote}{image} Conclusion. I don't do guessing...
{quote} Bulls trap in 3...2...1...
