Above IDEA posted on Feb 17th with LONG bias, at the time we posted we were in a LONG SWING with +235 PIPS, now capitalising +600 PIPS , it was all right in front of your Sight! But ignored. > Just do a play on the IDEA to see the price action.
Now, we are heading to a Supply Zone, what next ? Wait for the next IDEA.
Lessons to Learn! Being adamant / sarcastic / is't gonna us, being humble / watching price and reaction at levels can make your trading better. S&D alone cannot make you a better trader, there are many more things come into the frame. Even if you post your A+ Trading setup / rules, Humans will say they are BS and keep failing, that's how emotions are wired due to arrogance and QUIT at a point when market Slams hard on the face.
ITC/ SMC / MMT / Wyckoff / BUY/SELL indicators and what not! So much garbage around, make a simple system or pick 1 model and master it than trying to catch every unicorn you see around this space. It takes time and effort without giving up. This can help you reduce decades of learning curve.
GBPJPY guys don't let 2 phoney candles get you into sells !! remember react to the market. dont just enter trades because of deceiving movement!! I am still holding my trade with proper risk management lets boost this buy JPYXBXY
GBPUSD Observed +350 PIPS with a Mixed Market Sentiment! SWING is still ON!
What's the next 1 Hour bringing us ?
The Retail Sales MoM (Month-over-Month) report is a significant economic indicator for the GBP (British Pound).
Here’s how it can impact GBP/USD:
1️⃣ Market Expectations vs. Actual Data
> If the actual retail sales figure is higher than the forecast (0.3%), it suggests strong consumer spending, which is bullish for GBP and can lead to GBP/USD rising.
A better-than-expected release can lead to GBP/USD buying pressure, pushing it higher.
> If the actual figure is lower than expected or negative, it signals weak consumer spending, which is bearish for GBP and can cause GBP/USD to fall.
A worse-than-expected release can lead to GBP/USD selling pressure, pushing it lower.
Thought time!
- GBP/USD is currently in an uptrend, but the UK Retail Sales data will dictate the next move. - A stronger-than-expected retail sales figure → bullish continuation. - A weaker-than-expected figure → potential reversal. - Key levels to watch: Resistance at 1.2680–1.2700, support at 1.2620–1.2600
GBPUSDGBPJPYEURUSDBXY When you say its a SELL / BUY, as a trader you say it confidently! That's what differentiates you in the Crowd!
Not by thinking if its a Short?, thinking takes time and good opportunities fade away with time. Be consistent (when you don't have it), quick (when its presented) & humble (when you have it).