Analysis:
GBPUSD is on a strong bull trend. Looking for LONG if signals occur near:
- Wating zone 1: 1.19 (weak)
- Wating zone 2: 1.18 (strong) - break it, H4 might form a reverse trend.

Risk:
- MN1 is about to close and it is near its resistance.
- W1 is also near its top (1.21 - 1.23).
- GDP UK and NONFARM news
It might have a potential pullback/reverse week.
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עסקה פעילה
Even though we are in a strong bull trend H4, we missed a good trade yesterday with good signals presented in H4, H1, and M15, RR: 3

Yesterday, it formed a solid bearish candle, the price might move lower to the next support level until we have NonFarm next Wed and Fri. Hence opening a limit position, let's see.

mql5.com/en/charts/16832814/gbpusd-d1-pepperstone-eu-limited
mql5.com/en/charts/16832816/gbpusd-h4-pepperstone-eu-limited
mql5.com/en/charts/16832818/gbpusd-h1-pepperstone-eu-limited
mql5.com/en/charts/16832821/gbpusd-m15-pepperstone-eu-limited
הערה
Very strong bull candle H1, trade is active, likely to be a lost trade, move SL to 40 pips.
charts.mql5.com/34/545/gbpusd-h1-pepperstone-eu-limited.png
עסקה סגורה: הגיע לסטופ
Such a bad trade and bad luck.
- Bad trade:
- Move SL
- Opened limit position too soon. Need to wait for more signals.
- Should close the position when seeing a strong opposing signal that suggests it highly will continue.
- Bad luck: only 2 pips above the SL.
Even though the analysis of the day is correct but wrong timing and bad luck.
But it's market, nothing we can do with it. Accept it and move on.

mql5.com/en/charts/16838053/gbpusd-d1-pepperstone-eu-limited
mql5.com/en/charts/16838089/gbpusd-h4-pepperstone-eu-limited
mql5.com/en/charts/16838090/gbpusd-h1-pepperstone-eu-limited
mql5.com/en/charts/16838091/gbpusd-m15-pepperstone-eu-limited
הערה
Wed: Likely the price will not go lower to 1.90 level. It could reverse here.

charts.mql5.com/34/555/gbpusd-d1-pepperstone-eu-limited-2.png
charts.mql5.com/34/555/gbpusd-h4-pepperstone-eu-limited-4.png
הערה
Having important news (USD) today. Need to be cautioned.
הערה
Hmm, DXY formed a not-good chart. Price seems to bounce from support, MACD is likely crossing up D1 and having divergence on H4.

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Highly we will have a bearish week for cable.
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Thu: Hmm, another bad day yesterday. I missed a good trade with my plan early this week. I should follow my original plan without looking into other indicators.

Note to self: Do not use too many indicators and analysis for many time frames. You will have too much noise and be confused because there are conflicting signals on different indicators and time frames. You cannot concentrate on what is important and make the right decision. Quality LESS is MORE!!! Just using ONLY Price Action can also beat the market. You don't need more than that!!!

NOW price can go higher to 1.22-1.250.

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הערה
Fri:
Yesterday, we had a good day with a strong bull candle. The price going up ~250pips could bring us a very good profit, that could cover all the losses early this week and still secure some profit.

Today, price reaches a D1 resistance (1.23-1.2350). Price could pull back a bit but highly it seems to have another bull day, not sure how strong it is. If it breaks 1.23 level, the next target may be 1.26.
TODAY is Non Farm, so be cautious.
Wating zone:
A. 1.2180-1.22
B. 1.2150

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