Cable Update (GBPUSD)

You are not wrong..That is why I read this thread for any new notions I may not have considered

300 PIPS GREEN LIGHT BUY!
i see 1.26 soon. Bye!

Late 2015, before Brexit, from technical analysis, I thought cable will head down to below 1.00 in the long term..
When it started moving during Brexit, I knew it was happening.
When it crashed two months ago, I thought nothing much of it.
But I noticed one prominent trader who I follow posting that he thinks GBP/USD has bottomed.
I didn't pay much attention to it. Short-term bottom I thought. He is probably right.
A month later, GBP/USD forms a 5-wave structure up. Well... Okay, but I still think long term this beast is going down.

The tipping point came when I was having dinner one day and I overheard a conversation beside me. These two people, obviously people who have no idea about financial markets, are making claims such as "Just sell GBP/USD. Sure to make money. Definitely go down one after Brexit..

That's when I knew that I am probably wrong and that this thing is not going to go down anytime soon. Everyone who wants to sell have sold and now you see laypersons jumping onto the bandwagon.

At the same time, technicals are showing a retracement to the 61% level last Friday. I bought 3 lots before the close, added to 6. Made a quick 5k profit and decided to exit and wait it out because things didn't feel right with the last 4H candle before the weekend close.

Turns out market wants to do another sweep...

Yesterday night, bought 3 lots again... now added to 4. Plan to add to 6 soon. Will likely double it to 12 lots again and hold till 1.30..

Take short at 1.23744

16/12/21 WEDNESDAY 07:51+1GMT (edited untill 08:12)
EARLY MORNING REPORT

I am sure that GBPUSD today will at least create new low compared to yesterday's low. Let's see and enjoy your trades

Make it a dip so I can buy into it

Pound is freaking weak. It wouldn't be in this state if market mover loser buyers wouldn't buy aggressively. Now most of all buyers are doing fifo.
Bull lost before losing

Bear acting like poisonous snake. Why bother care this lazy bum bullshit. Just kill it

arghhh... when I woke up this morning my SL got hit @1.2380
and I open new short @1.2380, I think now the trend continue

I cant find jack to trade on GU.

Some trading opportunity else where.

Very straight forward... on investing.com when the daily signals appear which are very rarely buy 1 bullish for candle of signal... sell 3 for candle of signal....

would not usually recommend the blowing of account style trading but experience traders see these setups and price will usually get pushed in one direction or other without to much of fuss...

I personally would say these candle set ups are expectable areas FOR THE HAVE A GO HERO..

USDCAD
EURUSD
USDJPY

I am done now for christmas... So goodbye peeps, good luck..
See you next year on 1st...

Merry christmas..

will still have time to kill the bear First you have to catch the trap

Don't you plan to trade at all these days??

I'll buy it after the breakthrough of the 1.2385 level. Maybe the pair will move to 1.2425.

Now formation on H1 chart with upthrust bar showing strong resistance level. I just added one short trade GBPUSD there and target should be set at around yesterday's low. Good luck to all

Long on second position previous long a few days back ..