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Coreg's EW+HP+D/W Range

  • #2,641
  • May 14, 2026 10:37am May 14, 2026 10:37am
Quoting birdland
{quote} i think we will see some shortterm bull reaction because of the third attempt to reach this zone...guessing;-)

i dont like indicators too much, but its just now easier to see (RSI and H1)
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trading is like dancing, don't think and just listen to the music!
  • #2,642
  • May 14, 2026 10:50am May 14, 2026 10:50am
Quoting birdland
{quote} i dont like indicators too much, but its just now easier to see (RSI and H1) {image}
birdland, this is the most favorable pattern for GU unfolding right now.
Always trade your own plan...I don't provide trading signals.
  • #2,643
  • May 14, 2026 11:40am May 14, 2026 11:40am
Quoting Coreg2004
Please note that last week, GU formed an inside bar on the weekly time frame. Both ends of the range have already been tested. It's important to monitor the weekly low at 1.3512 for a potential continuation lower to 1.3458. The weekly (ATR) for this week is 196 pips. Since today is only Tuesday, this is one possible scenario that may unfold in the coming days. {image} {image} Corrected the WL.
Watch 1.3420.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.14 30M.jpg Size: 68 KB
Always trade your own plan...I don't provide trading signals.
  • #2,644
  • May 14, 2026 12:01pm May 14, 2026 12:01pm
Weekly...I know, I know, crazy Coreg.
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Click to Enlarge Name: GU 05.14 weekly.png Size: 61 KB
Always trade your own plan...I don't provide trading signals.
  • #2,645
  • Edited 5:36am May 15, 2026 1:13am | Edited 5:36am
Quoting birdland
{quote} i dont like indicators too much, but its just now easier to see (RSI and H1) {image}

It's fascinating and amusing how wrong i can be ;-)
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trading is like dancing, don't think and just listen to the music!
  • #2,646
  • May 15, 2026 7:09am May 15, 2026 7:09am
Quoting birdland
{quote} It's fascinating and amusing how wrong i can be ;-) {image}
birdland, I respectfully disagree with you. The best-case scenario for the bulls didn’t materialize. But it's not the end of the world. You had to anticipate the outcome when the bottom trendline didn’t hold. As a result, GBP/USD went toward the next support level, or the demand zone. Many zones don't hold; that's why we use triggers. PA should tell us whether it is worth entering a counter-trend trade (a shift to HH-HL on the lower TF) or holding the current short position. We didn't see it on the chart (oval mark). You can only be wrong if you held a long trade after a massive support zone @1.3485-1.3467 was broken.
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Click to Enlarge Name: GU 05.15 1H.jpg Size: 79 KB
Always trade your own plan...I don't provide trading signals.
  • #2,647
  • May 15, 2026 8:45am May 15, 2026 8:45am
Quoting Coreg2004
{quote} birdland, I respectfully disagree with you. The best-case scenario for the bulls didn’t materialize. But it's not the end of the world. You had to anticipate the outcome when the bottom trendline didn’t hold. As a result, GBP/USD went toward the next support level, or the demand zone. Many zones don't hold; that's why we use triggers. PA should tell us whether it is worth entering a counter-trend trade (a shift to HH-HL on the lower TF) or holding the current short position. We didn't see it on the chart (oval mark). You can only be wrong...
Yes, I agree with you. There wasn’t really any price movement that suggested it was a good time to buy...
...apart from pure speculation that point c) would hold at the monthly pivot or in that area 1.3460.
I tend to take small positions in advance – so-called ‘scouts’ – but these didn’t come back (a small loss), so I waited for the big entry.
Apologies for the military jargon, but it’s always a battle between the bulls and the bears, isn’t it? ;-)
trading is like dancing, don't think and just listen to the music!
  • #2,648
  • May 15, 2026 9:28am May 15, 2026 9:28am
Quoting birdland
{quote} Yes, I agree with you. There wasn’t really any price movement that suggested it was a good time to buy... ...apart from pure speculation that point c) would hold at the monthly pivot or in that area 1.3460. I tend to take small positions in advance – so-called ‘scouts’ – but these didn’t come back (a small loss), so I waited for the big entry. Apologies for the military jargon, but it’s always a battle between the bulls and the bears, isn’t it? ;-)
Yes, but from the PA in the oval, we can anticipate only retracement to (a)-(b) leg b/c the swings are overlapping.
Yes, it is. For one hour, the fight went on at 1.3477
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Always trade your own plan...I don't provide trading signals.
  • #2,649
  • May 18, 2026 7:08am May 18, 2026 7:08am
After finding support at 1.3300, GU had a nice bump up. Now approaching resistance zone for the day @1.3396-1.3415
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Click to Enlarge Name: GU 05.18 1H.jpg Size: 64 KB
Always trade your own plan...I don't provide trading signals.
  • #2,650
  • May 18, 2026 11:16am May 18, 2026 11:16am
Quoting Coreg2004
After finding support at 1.3300, GU had a nice bump up. Now approaching resistance zone for the day @1.3396-1.3415 {image}
The resistance zone was busted; shorting is not advisable after TLB (except scalp).
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Always trade your own plan...I don't provide trading signals.
  • #2,651
  • May 18, 2026 4:04pm May 18, 2026 4:04pm
Quoting Coreg2004
{quote} The resistance zone was busted; shorting is not advisable after TLB (except scalp). {image}
EOD...
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Always trade your own plan...I don't provide trading signals.
  • #2,652
  • Edited 7:50am May 19, 2026 7:18am | Edited 7:50am
Quoting Coreg2004
{quote} EOD... {image}
Let's see if GU gets today to the "killer zone," from 4 days ago @1.3467-1.3488.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.19 30M.jpg Size: 71 KB

Added: AB=CD pattern suggests a new high. The last zone that can prevent it from happening is between 1.3436 and 1.3443. Break below the current support zone negates this setup.
Always trade your own plan...I don't provide trading signals.
  • #2,653
  • May 19, 2026 11:37am May 19, 2026 11:37am
Quoting Coreg2004
{quote} Let's see if GU gets today to the "killer zone," from 4 days ago @1.3467-1.3488. {image} Added: AB=CD pattern suggests a new high. The last zone that can prevent it from happening is between 1.3436 and 1.3443. Break below the current support zone negates this setup.
Today has been challenging, as GU is trading within yesterday's range of 147 pips, and remains above the 50% (good sign for bulls) of YR. It's difficult to identify a reliable pattern on the 15M TF.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.19 15M.jpg Size: 73 KB
Always trade your own plan...I don't provide trading signals.
  • #2,654
  • May 20, 2026 7:03am May 20, 2026 7:03am
Quoting Coreg2004
{quote} Today has been challenging, as GU is trading within yesterday's range of 147 pips, and remains above the 50% (good sign for bulls) of YR. It's difficult to identify a reliable pattern on the 15M TF. {image}
Yesterday, the GU formed an inside bar on the daily time frame, with the low already tested. The price is still above 50% of the wide-range bar at 1.3376. I removed the diagonal trendline because it doesn’t make sense to keep it in a ranging market due to the number of false signals it generates. Are we going to get the test of YH @1.3438?
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Click to Enlarge Name: GU 05.20 30M.jpg Size: 61 KB
Always trade your own plan...I don't provide trading signals.
  • #2,655
  • May 20, 2026 9:03am May 20, 2026 9:03am
Quoting Coreg2004
{quote} Yesterday, the GU formed an inside bar on the daily time frame, with the low already tested. The price is still above 50% of the wide-range bar at 1.3376. I removed the diagonal trendline because it doesn’t make sense to keep it in a ranging market due to the number of false signals it generates. Are we going to get the test of YH @1.3438? {image}
Absolutely nothing can be easy trading this pair.
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Click to Enlarge Name: GU 05.20 15M.jpg Size: 62 KB
Always trade your own plan...I don't provide trading signals.
  • #2,656
  • May 20, 2026 9:29am May 20, 2026 9:29am
Quoting Coreg2004
{quote} Absolutely nothing can be easy trading this pair. {image}
absolutely also no impulses today, just these news of iran...
trading is like dancing, don't think and just listen to the music!
  • #2,657
  • May 20, 2026 10:10am May 20, 2026 10:10am
Quoting birdland
{quote} absolutely also no impulses today, just these news of iran...
Quoting Coreg2004
{quote} Yesterday, the GU formed an inside bar on the daily time frame, with the low already tested. The price is still above 50% of the wide-range bar at 1.3376. I removed the diagonal trendline because it doesn’t make sense to keep it in a ranging market due to the number of false signals it generates. Are we going to get the test of YH @1.3438? {image}
For the second day in a row, I go with the ABC pattern (up and down) on the 15M TF, making 14-20 pips by sitting forever to make a buck.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.20 30Mb.jpg Size: 74 KB
Always trade your own plan...I don't provide trading signals.
  • #2,658
  • Edited May 21, 2026 7:18am May 20, 2026 10:38am | Edited May 21, 2026 7:18am
Quoting Coreg2004
{quote} {quote} For the second day in a row, I go with the ABC pattern (up and down) on the 15M TF, making 14-20 pips by sitting forever to make a buck. {image}
More good news for GBP...war is ending again...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.20 30Mc.jpg Size: 75 KB
Always trade your own plan...I don't provide trading signals.
  • #2,659
  • May 21, 2026 7:18am May 21, 2026 7:18am
Quoting Coreg2004
{quote} More good news for GBP...war is ending again... {image}
So far, no one has been bold enough to challenge the tough resistance zone between 1.3468 and 1.3488.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.21 1H.jpg Size: 71 KB
Always trade your own plan...I don't provide trading signals.
  • #2,660
  • May 21, 2026 7:30am May 21, 2026 7:30am
Quoting Coreg2004
{quote} So far, no one has been bold enough to challenge the tough resistance zone between 1.3468 and 1.3488.{image}
Not too much to say about this PA. Just trade from zone to zone.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.21 15M.jpg Size: 67 KB
Always trade your own plan...I don't provide trading signals.
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