Cable Update (GBPUSD)

on Daily timeframe is a Hidden bulish divergence...

dude is beginning of the week...

Yes, price is very close to falling. Now at pure supply zone. However, timing and risk management is a key element for consideration....

I agree. The alternative is that we never again have a bearish 2 hour candle after 12 consecutive bullish ones. Statistics alone will suggest a retracement, even if it is a pullback before another move higher.

Yeah! you got it.

Long term direction is bullish but necessary for price to retrace downward to a killing zone....

The previous sell call from 1.3560 and 1.3620 for a target of 1.3170 is now in negative... This means we may not see 1.3170 again considering there are just 5 trade days left this June and the minimum expected distance for June is 450 pips...

Now i expect a little drop back to 1.3560 to exit the sell and still take 60 pips profit. Should 1.3500 hold, i will now expect 1.3820 area this June before aggressive sell trade will start again for 800 pips drop. sell Swing isn't easy this time around as the last time we had 5 consecutive months of buying was in year 2009.

Hi everyone, Im new here. I have a proposal for a few people. An experimental concept that could be beneficial for all involved, this is how it works: 5 traders all chip in for a prop firm challenge. Im open to variations but I would like this to be the core of how it works:
1, Each trader suggests a trade once a week (0.2% of the account and a minimum of 1:1 RR)
2, The other 4 traders then have the chance to oppose it (I suggest this should be used reasonably infrequently), for every opposition the trade size gets halved.
3, Every time a trader has a successful trade the size of their next trade is 50% to 100% larger depending on the RR returned.
4, Every time a trader makes a bad trade the size of their next trade is halved.

I think these four simple rules make the group more than the sum of its parts. The group is on the right side of all types of advantages- form, discipline, streaks, accountability in the form of size etc. It also gives each of us a chance to throw some ideas around within the group (on some type of IM Ill be on between 12 and 5 gmt)

Im happy to try with £20 or so. Im aware theres all types of scams online, to show this isnt one of them I cant be the person who holds/opens the account, so we need someone of good standing on the site or someone who just seems like a decent guy who everyone gets the impression wouldnt run off to mexico with our £100 maybe with more than a 1000 posts.


Thoughts?
Interested?

There you go bears. You've had you <5% retracement, now stand aside, the bulls have important work to do.

sold 1.3624

I think this is the crunch point. Does it reject < or > 1.36
For the record to show that I'm committing to something, I'm short @1.3606

Structure has been broken

come on mister dxy
rise the Fenix

Sellers have no other option than to sell 1.362ish for maximum fall.

Valid observation. However, it's tough to suddenly wipe out that bull and turn it red this week. Possible, but hardly probable.

If NY can bring price to 3504-10 area I'll buy big.

opened a short at 1.35993 on GBPUSD

Unable breaks top yet and checking pa top range to retest possible still .

DXY looks like it could be heading to close the opening gap down.