Cable Update (GBPUSD)

I will look for GBPUSD buy setup next week TP will be @ 1.28000

Yes, I was stopped out of that trade, but then made my money in NY session.

Ended the day positive.

What I learned over a period is never trade reversal until or unless, daily r1,r2,s1,s2 is tested

First test of a strong weekly resistance.
I think it is ignored at your own peril.

We have other structures in play on daily and 4hr tf's.

We are sitting on a bullish structure, but it seems minor to me compared to the weekly after that bearish 4hr off resistance and wants to go down.

New Cable Thread & Other Pairs

New Cable Thread & Other Pairs

New Cable Thread & Other Pairs

New Cable Thread & Other Pairs

D chart...
1H & 4H trend is up but D & weekly trend is down..

my 1st target for GBP/USD is 1.23500-1.123000

https://charts.equityclock.com/us-do...seasonal-chart

though usdx likely range down for next week possibly and looking for a support , so like eu and other gu may try bounce weekly , already a breakout , may try best for a pullback ! but unlike others it should have more trouble in correction up , only 2 weekly candle up , next do or die while eu daily / weekly 3 bull candles in hand and try for confirmation / decision . still they are in corrective wave , ready to die next , any day.
overall all bounce in correction up may ready tank with 1-2 weeks possible but at least this week may up , in range so up and downs at random may expect! levels will watch for reaction are limit down 2563 , may try after clearing bottom , breaks 2509 breakout to confirm 2471 for below 2422 , say 2386 arounds while breaks limit to target bull 2707 to 2616/33 ok . take care

DOW got some more down soon to find support

April is normally down for DXY. This year it was well up......so who knows what that means for May. Weekly candle is sitting on resistance so
we should get an idea where we are heading by the end of the week

I like the quote you added, spot on to me

And I've been there many times myself batting back someones perceived attack on me and point scoring.
The weaponisation of social media is one great long point scoring event lol.
The way I see it is if you get above these petty back and forth conversations it then leads to a higher understanding of human interaction.

everything I say comes with analysis, even about you

Hi,

Elliott Wave (4) might be under development (might form this week).

oh oh things are heating up in the middle east.... prolly no ceasefire since American tv is showing holocost programs all over the tv channels for a few days now even public television stations like PBS...plus there's all these commercials to give money to hungry jews when they get 17 billion of American aid every year LOL...everytime Israel begins a new attack to kill people they trot out the holocost

thing is there were 50 million Christians killed in that war but all we hear about is the pitiful jews

rafah will prolly get invaded very soon
prolly why the dollar bounced like it did friday

GBPUSD price action on the daily time frame issued a relatively long, ‘upper wick’ pin bar on Friday. This may result in a bullish retest of intra-day market imbalance or value area before a southward rotation. The dominant technical structure is bearish.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

closed short.
Trying a long