Cable Update (GBPUSD)
NFP day decision which i think is already made H4 broke out into a new trend at the time of the correction on H4 price was not moving with the daily and weekly however a higher low swing was forming on H4 and confirmed with the break out into a trend , then a retest of the breakout and continuation and now H4 is moving with D1/W1 swing so hopefully the trend will continue up after NFP {image}
mf
{quote} isnt that confirmation bias? You are short-biased, obviously, and you are ignoring the Bearish shooting stars (pinbars) that failed to produce the downfall you were expecting. In your example, the first arrow is a bearish pinbar that yielded a downfall, so you are using this example, but here are multiple ones that failed. {image} You are also ignoring the bullish pinbar indicating an opposite signal (a rise of the Dollar). {image}
so your examples in the chart are meaningless because only a fool would short a bearish pinbar at the lows {quote} Not a great week for me but it'll do, you also have a great weekend Leon... {image}
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