Cable Update (GBPUSD)

hit trailing stop. closed 20p

IMO,

Today would be long daily candle.

2260/2350

daily + 1 hr would be enuff to push up the price.

4hr will consolidate. when 4 hr also turns bullish...big jump on price can be expected.

In line with my chart.

The price will spike above 2260 today.

Agree! I was hoping for a longer wick for the daily candle but it looks good enough for the bull continuation as it retraced just about 50% from its run up.

I remembered some your old posts and still I am remembered you gave signal at that time on this point and market jumped from here to up and once again I am following you once again at the same point with the same price hopefully we will big success

what are we to expect will it go up from here like to 1.2485 or drop a bit at 1.226 before bullish move.

long today, around 2270 fibo i will buy

Hi All. i have my eyes on 1.2260 to go up and if it is rejected then and i will wait for OB. My 15 Min 1 Hr and 4 Hr charts are below.

In my opinion, GU will continue to decline today. It is expected to reach the 1.22 level.

i'm in
if if goes to 1.22600 i will add
but i telling him right now
"don't go there"

Inserted Video

Gold long at 1948, trend remains short
Gbpusd trend remains short, price retracing

USDCad at support 1.37820

The consolidation stops now
Come on

GU_ Open sell with tight S.L

Mee too sister waiting for either to mitigate.
The hardest thing is waiting while need to sit tight on our hand.

Actually brother to gain a fruit we must wait for the perfect entry it will also good for our phycology and i am working on it.

I see 1.2336 first then 1.22

Some thought.

Selecting the most appropriate currency pair (or instrument.. edit) for trading based on a consistent time allocation is a crucial aspect of forex success.
Certain pairs exhibit swift price movements, while others exhibit slower but potentially larger price swings.

The choice of which instrument to trade at any given moment lies with the trader.
However, identifying the ideal pair requires dedicated effort and a thorough understanding of market dynamics.

To demonstrate the variability of currency pair movements, I've included three charts representing the performance of different pairs over a recent period, with equal time intervals.

As you can see, some pairs exhibit lively price action, providing ample opportunities for traders to capitalize on market fluctuations.
However, others exhibit periods of relative inactivity, where price movements are minimal.

This highlights the importance of carefully selecting pairs that align with your trading style and risk tolerance.

Ultimately, the decision of how much time and effort to invest in trading is a personal one.
There is no right or wrong answer, but it is important to make an informed decision based on your own circumstances.

Best wishes
Pat CHIKO, Pat CHIKO, PAT Chiko

GU - entering ranging phase....
GJ - JPY is the driver here. GBP is remain neutral. Thus the push up is on JPY weakness.


NASDAQ - has broken Daily structure to the upside from 27th Oct.
It is targeting to break Sept high.
Nasdaq is likely to continue due to its strong fundamentals.
The index is home to benefit from the continued growth of the technology industry.

anybody is using the z score indi ?looks like a good reversal spotter
the higher tf you go ,it less wrong