After GU made a new intra-day low, the channel was redrawn. Pay attention to YL @1.3470 with the possibility of continuation if GU bounces off this level. So far, we have a nice displacement of this level.

Coreg's EW+HP+D/W Range

Is the dollar waking up and will make the run?

Coreg's EW+HP+D/W Range

Not too much changed. The price stays inside the channel.

Coreg's EW+HP+D/W Range

If we drop to 30M TF, we can clearly see that if GU doesn't take out one of the liquidity zones (cyan ovals), we can have uneventful trading in the last days of the year.

Coreg's EW+HP+D/W Range

On the daily TF, GU still struggles to close above the current resistance/ liquidity zone @1.3510-1.3527 image

Coreg's EW+HP+D/W Range

The channel was redrawn b/c GU made a new low on 1H TF. The first resistance for today is between 1.350 and 1.3506. If GU goes down, pay attention to S2 @1.3451

Coreg's EW+HP+D/W Range

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Cable Update (GBPUSD)

Pat,...

Cable Update (GBPUSD)

Shark, you really don't know when it's time to let it go and shut up. Here is the evidence of your brilliant long-term price action trading. Bring it on. I give you and other members of CIC time to humiliate yourselves to have more fun.

Cable Update (GBPUSD)

Yes, years ago we had 3 Inside Days (ID) per 100 trading days; now it seems we get trapped more often, including reaction off any SH/SL for 30-40 pips. image

Coreg's EW+HP+D/W Range

DmShka, when the market approaches SH or SL on any TF, the first question we should ask ourselves is: is it sweep or run liquidity? Then, look for the evidence on the chart and act accordingly. In our case, you are right, it was an SL hunt.

Coreg's EW+HP+D/W Range

The channel breakout???. The first target 1.3540

Coreg's EW+HP+D/W Range

Bigger picture. What to expect on the HTF (daily). image

Coreg's EW+HP+D/W Range

The weekly high (WH) at 1.3456 held nicely. Now, after the HOD is reached ( GU is in the potential reversal zone for the day), we should pay attention to this level again b/c it can be our retracement level. But before we have YH at 1.3478

Coreg's EW+HP+D/W Range

Elliotway, thank you for the vote of confidence in my skills. As with any technical trading method, the EW also requires a tremendous amount of time to learn. Hours of watching YouTube videos and reading related stuff on the internet. I posted on ...

Coreg's EW+HP+D/W Range

update...GU traded for too long around WH @1.34562. If bears were hoping for a sweep liquidity, it might not happen. Instead, we might deal with run liquidity. image image

Coreg's EW+HP+D/W Range

GU reached the potential reversal zone for today. All eyes on 1.3450

Coreg's EW+HP+D/W Range

Meathead, congratulate your ex-girlfriend for me on regaining her sight and hearing. Does teaching her how to trade gold have something to do with it? Asking for a friend. I'm happy for her. And don't forget to delete your posts where you were ...

Cable Update (GBPUSD)

Not too much changed overnight. If the price stays below the bottom channel's TL, we should target today 1.3311-1.3302. If this does not happen, possible choppy NY session.

Coreg's EW+HP+D/W Range

fex., yeah, but we have seen it before. Again, we have a bearish flag formation with AB=CD pattern (also, suggests continuation to the downside). But we have volatility in both directions. Awesome days with two opportunities getting 60-70 pips in ...

Coreg's EW+HP+D/W Range