Market structure? I'm also looking into it, but I can't find the key issues, it all seems too subjective.

Cable Update (GBPUSD)

It's too complicated.

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In fact, I'm a little curious about how this pivot line was determined. It seems to work well. Please excuse me, I'm still looking for the right trade method.

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Even if I had money, I wouldn't buy it because I can't swim.

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Possibly, this is a good support level. Why don't you wait for a break down and take a short order?

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Agree! GU can only go up further if it can break 1.208 now.

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1.2013 is very clearly supported. I don't think it will be broken and GU is still bullish until it refreshes the highs.

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Really well said, why can't I say it.

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It is meaningless to talk about trends away from the cycle. So, which cycle is 1.20250?

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A profitable trade is the right one at all times.

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This can be dangerous. The trend is still down and there is no telling when and where it will rise. It is best not to guess.

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No one can know exactly where the low point is, not even once. Let's follow the trend together.

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I like this "reason".

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The MN cycle is so long that I rarely get involved. I basically day trade now and only focus on one chart in H1. Not using any other technical indicators and going by pattern structure alone. Although it is sometimes accurate, the analysis process ...

Cable Update (GBPUSD)

Looking at the charts, the price is making new lows and the M15 is trending down. Maybe our analysis methods are not in line. Can you tell me the way you judge the trend? That would be very interesting to me. Thanks again.

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D1, GU does have an obvious support level, but whether the support level is valid or not is anyone's guess. What I'm trying to say is respect the charts and respect the trend. At least that's how I understand it.

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The trend continues, which would be dangerous.

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Not so fast, it takes time. At least it needs something to stimulate.

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It seems that it will continue to hit 1.2075. I still expect it to eventually move down.

Cable Update (GBPUSD)

Great spot.

EURUSD only