Overnight, GU held nicely at WH @ 1.3590, but 1.3575 remains my target for today if the YL breaks down again.

Coreg's EW+HP+D/W Range

If you are bullish, you want the market to go above 1.3668 and hold the price.

Coreg's EW+HP+D/W Range

Make no emotional decisions; stick to your playbook. Examine the daily bar after the close.

Coreg's EW+HP+D/W Range

navk, you might be right. I use timing on the lower TF to avoid jumping the gun too early.

Coreg's EW+HP+D/W Range

Gold on the daily TF almost hit the ideal zone for the end of the bearish crab pattern. How close to the zone are you willing to enter a counter-trend trade?

Coreg's EW+HP+D/W Range

GU made min for wave 4 overnight, touching three levels at 1.3636, but didn't reach min timing, so the drop may not be over. The minimum timing for completion wave 4 is at 2 pm NY time...strange??? image image

Coreg's EW+HP+D/W Range

T, live time achievement. LOL.

Cable Update (GBPUSD)

Let's see what reaction we get in the zone for potential wave 4 @1.3615-1.3598, if GU gets there.

Coreg's EW+HP+D/W Range

birdland, it's all about the TF. However, you are right; buying the retracements is a good way to go.

Coreg's EW+HP+D/W Range

The Dollar Index is on the brink of demolishing the last zone of support.

Coreg's EW+HP+D/W Range

Target reached (end of bearish crab pattern), but we still have higher targets on the chart. Watch the 1.3663 level. image And the bigger picture (daily TF) image

Coreg's EW+HP+D/W Range

My favorite kid is back.

Cable Update (GBPUSD)

After Friday's ID bar on the daily TF, GU broke to the upside. Min for the day was reached, but the end of the bearish crab pattern @1.3650 is still in play.

Coreg's EW+HP+D/W Range

...

Cable Update (GBPUSD)

As you wish. image

Cable Update (GBPUSD)

GU is at a potential exhaustion zone for today.

Coreg's EW+HP+D/W Range

To thrive in this business, you need to have a sound market structure analysis method. It doesn't matter if it's EW, HP, Dow Theory, Wyckoff, or the market profile, etc. Choose one and stick with it. image image

Coreg's EW+HP+D/W Range

Follow-up on GU...Targets and support zones on the chart.

Coreg's EW+HP+D/W Range

Watching the DXY 4H chart, it appears that trading EU and GU may not be smooth.

Coreg's EW+HP+D/W Range

EU follow-up...

Coreg's EW+HP+D/W Range