Cable Update (GBPUSD)

thats why i exited my trades befor the weekend and fresh analysis was done

i was looking at charts and noticed that EU AU NU even bitcoin is down from their janurary levels when dollar started its boolish climb

only GU has resisted its preordained death by my greenback LOL

the pound wont be able to escape the same fate of this fish by hiding from the dollar LOL



even gold is much lower and thats the most manipulated instrument in the world

ive been thinking all day why the BOE is keeping the pound propped up and of nothing else and came to the conclusion its political ...they doin this shit for some reason prolly to help the tories keep their grip on power

the question is how much have they spent and how much longer can they afford to keep the pound in this small range?

any ideas....this time ill believe even the craziest conspiracy theories from you all as long as theyre british politically based LOL

i dont know enuf about british politicians to say much about them other than tories are idiots like our republicans

the thing is the BOE will have to pay back all the goodwill and cash that was spent by usa, japan and ecb and whoever else that saved the pound in sept 2022 from liz trusses stupid ass

dont forget that when japan intervened in the markets...most people think it was for yens sake but was to save the pound more than the yen...look at UJ...its gona breakout to new highs soon on weekly and the japs will let it get to 160 before doing anything

so why are the brits resisting and wasting their capital propping up the pound?

The technical impulse of GBPUSD price action favours bears more than bulls. However, price action is at the lower part of the 1.27600/1.26100 horizontal channel (red), seen on the monthly time frame, which has not been breached southward since December 5, 2022. So, it would be advisable for any swing trader to await a northward pullback to the upper part of the channel before looking for a sell trading opportunity at an intra-day area of value.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

After applying this method on Gold, EURUSD and AUDUSD; i am starting to use this method on GBPUSD. Lets see how it goes because each currency pair has its own tendency.

February 05, 2024
GBPUSD
How to Use?
Here is full detail with chart and pending orders.
On the chart, there are two lines. Blue and Pink.
Price levels on blue line are for Buy Stop order.
Price levels on pink line are for Sell Stop order.
Blue line (Buy Stop order) start at the level of 0.236 ( you can check the price tag of each level on the chart).
Pink line (Sell Stop Order) start at the level of 0.236 ( you can check the price tag of each level on the chart).
Area between Blue line 0.236 and Pink line 0.236 is no trade zone.
Today’s positions (Check Price tag on chart in video)
Buy Stop (Blue Line) 0.236 TP1 0.382 (BE) TP2 0.5 SL Sell Side 0.236
Sell Stop (Pink Line)0.236 TP1 0.382 (BE) TP2 0.5 SL Buy Side 0.236

im long gu 2617 for 2700 today

i am trying gold longs… hoping for a asia blow up tp anything above 2046
sl days low

2622 long gu

just like powell trapping everyone lol

trades currently
buy 0.03 lot usdjpy
sell audusd 0.03
buy gbpaud 0.03 lot
continuation from last weekend no tp currently

sl hit

gold sell 0.01 lot tp 2020 no sl

if 2590 break we may see 2550
and break 2625 for 2675 making high today

sl hit

not too sold on it so i leave it alone need more confirmation

Bought for several pips

Let see. Long 1.2598 SL 1.2578

big long 2601
sl 2590

hit target

CADJPY SHORT..

I am waiting to confirm long on GU