Cable Update (GBPUSD)

Hit daily S1 as expected but did not go as far above as i would have liked. closed with decent profit. short UCAD same setup to the daily mR2.

5' --- Nice place to add shorts , here , NOW. . . . .

Structure
Price made a strong selloff from the 1.3250 area down into the 1.3187 area, then bounced weakly and started moving sideways. That sideways move near 1.3195–1.3202 looks corrective, not like a real bullish reversal.
The current sell signal around 1.31955 is appearing after that weak bounce, so this looks like a bearish continuation setup.
Pattern and candlestick read
This looks like a bear flag / bearish consolidation after impulse. Price dropped hard, then formed a small sideways range instead of reversing strongly. The candles are small-bodied and struggling under the mid-band, which shows weak buyer pressure. The latest red candle and sell arrow suggest sellers are trying to continue the trend lower.
No strong bullish engulfing candle has appeared yet, so the bounce is still just a correction.
Key levels
Resistance: 1.3199–1.3205
Stronger resistance: 1.3211
Support: 1.3193
Next support: 1.3187
Deeper support: 1.3181
Best trade plan
Preferred short setup:
Entry: 1.3195–1.3200
Stop loss: 1.3206 tight, or 1.3212 safer
TP1: 1.3190–1.3187
TP2: 1.3181
Breakdown setup:
If M15 closes below 1.3193, sell the retest of 1.3193–1.3195 from underneath.
Targets: 1.3187, then 1.3181.
Invalidation
The short weakens if M15 closes above 1.3205.
It becomes invalid if price reclaims 1.3211, because that would break the small bearish consolidation.
ForexFactory style paragraph
GBPUSD M15 remains bearish after a strong impulsive move lower from the 1.3250 area. Price is now consolidating near 1.3195–1.3200, which looks like a bear flag / continuation pattern rather than a reversal. The candles are small and weak under the mid-band, and the latest sell signal supports further downside as long as price remains below 1.3205. I prefer selling around 1.3195–1.3200 with targets at 1.3187 and 1.3181. A sustained reclaim above 1.3211 would invalidate the short-term bearish setup.

ah dude, I was so right with the sell at 1.32 ish level initially before the price went up and clarted the SL at 1.3204. Now it's gone straight to my TP which would've netted me about 3RR. But now I'm left with a blown account and 2 halfway through drawdown.

I can't seem to understand myself properly. I do everything right. I make sure of it, at least. I've backtested properly for about a dozen hours every week. And I make sure to simulate it exactly like the propfirm, follow the exact same risk management profile, and trade with the same emotions too. No revenge trading, no oversizing, none of that BS. It's over 2 weeks now and I just can't seem to win trades, and If I do win, they just go back into the market the next few days.

I need to fix up.

I think you need a month break and settle with mental issues first,i believe next month you would get back your sharp mind and intuition.

That's the thing gang I find it pathetic to even be in question of having "mental issues" that is NOT me.

GU 1.40000 here we come ....

1.4???? that's like 800 pips

You might be right. This gay ass market doesn't think straight.

see what I'm saying this fuckass market

BP 5' --- Lowered SL as shown . . . .

We've opened this week below the major trend line
with an ABCD in play to support

The classic liquidity hunt on both sides.
The hunt to previous day low might be a sweep, let’s see.

the market is not following your trade, please be natural, or it might take a sweep at you. The moves that you are saying the market not making clear move is liqudity hunt/sweep. You can search it on google to see what it means and how it looks

Fantastic. Up over 200 dollars then in a minute my SL gets hit and I have a whopping 30 dollars. Just a little less volatility would be nice.

What volatility?

The market's virtually asleep

Risky Long @ 1.31726 sl 20 tp 75

I went long at 1.31761, if there is opportunity will try to add more
edit, another entry. Im eyeing on 1.332 high

closed out at /850