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Cable Update (GBPUSD)

  • #851,781
  • Jan 27, 2025 4:05am Jan 27, 2025 4:05am
Quoting trumps
Someone mentioned earlier the monthly pivot nearly always gets tested. It looks like that's the plan this week. It coincides with resistance and the 38.2 fib. Looking at the current structure, I don't think we will get too much of a retrace before moving more north. The grey zone looks like a spot where buys maybe gathered. {image} {image}
Monthly pivot above around 1.26
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Compulsions can be hard to resist
  • #851,782
  • Jan 27, 2025 4:10am Jan 27, 2025 4:10am
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yes yes yes
  • #851,783
  • Jan 27, 2025 4:16am Jan 27, 2025 4:16am
i will not be greedy and will take this nice profit
yes yes yes
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yes yes yes
  • #851,784
  • Jan 27, 2025 4:16am Jan 27, 2025 4:16am
Quoting trumps
{quote} Monthly pivot above around 1.26 {image} {image}
Hi, thanks I'd missed it somehow. Current dly hi testing last wk's hi right now. Price is back above last mth's 2475 lo, so 2nd dly downside b/o of it proves false. 1st upside b/o of Asian hi remains true, for now @ least. 2575 is current mthly hi.
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Trader with an Edge.
  • #851,785
  • Jan 27, 2025 4:25am Jan 27, 2025 4:25am
Quoting BigNumbers
Powerful breakout. Stop below the level {image}
TP 1.25444
My telegram: https://t.me/avidforex
  • #851,786
  • Jan 27, 2025 4:28am Jan 27, 2025 4:28am
I shorted the pound-dollar but is it quite painful?
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  • #851,787
  • Jan 27, 2025 4:34am Jan 27, 2025 4:34am
I really don't know that red TL will hold.
This looks aggressively bullish
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Compulsions can be hard to resist
  • #851,788
  • Jan 27, 2025 4:35am Jan 27, 2025 4:35am
Entered new bull set up for next bounce target 2576!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #851,789
  • Jan 27, 2025 4:37am Jan 27, 2025 4:37am
Sold 1.2505
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #851,790
  • Jan 27, 2025 4:37am Jan 27, 2025 4:37am
...slight upside break of last wk's hi to a prev 1hr minor sw hi (s) zone = prev res = pot res from 7th Jan, and that aforementioned 85.4% fib @ 2506.
The dly part of the prev 1hr/4hr/dly sw hi zone = pot res that extends up to 2575 current mthly hi starts circa 2526. 4hr and 1hr parts of the zone are much less wide and start higher up.

1hr below
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Trader with an Edge.
  • #851,791
  • Jan 27, 2025 4:38am Jan 27, 2025 4:38am
Very weak USD bodes will for Pound, can see this pushing all day at this point
  • #851,792
  • Jan 27, 2025 4:39am Jan 27, 2025 4:39am
Took short
1.25054 is an old resistance
Price can fall even to to 1.23700
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yes yes yes
  • #851,793
  • Edited 5:05am Jan 27, 2025 4:52am | Edited 5:05am
...there may have been some buy stops (particularly retail) just above last wk's hi - ie leading up to current dly hi, but maybe few sell limits there. One or both types of orders are maybe a bit higher up or not exist at all there? Any selling @ current levels will need some fresh market orders to be placed?

EDIT: widened out chart screenshot

4hr below
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Trader with an Edge.
  • #851,794
  • Jan 27, 2025 5:14am Jan 27, 2025 5:14am
Quoting Yngwie
Sold 1.2505
closed BE
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #851,795
  • Jan 27, 2025 5:21am Jan 27, 2025 5:21am
Crooky squeeze mf
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yes yes yes
  • #851,796
  • Jan 27, 2025 5:54am Jan 27, 2025 5:54am
if daily long it would be 126400,127600.weekly is still red.
  • #851,797
  • Jan 27, 2025 6:10am Jan 27, 2025 6:10am
Come on
The drop is coming
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yes yes yes
  • #851,798
  • Edited 7:12am Jan 27, 2025 6:27am | Edited 7:12am
Quoting Moty
Took short 1.25054 is an old resistance Price can fall even to to 1.23700 {image}
Ok but next bounce target goes 2539 / 51 as once got life !
Now limit down is 2473 as sl !
After target will more care and may look for short at any high as main target not far away and 30pips sl not add any risk there after !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #851,799
  • Jan 27, 2025 6:30am Jan 27, 2025 6:30am
Good day traders!

Lets make some profits

GBPJPY LONG
SL 192.392
TP 194.200
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My telegram: https://t.me/avidforex
  • #851,800
  • Jan 27, 2025 6:30am Jan 27, 2025 6:30am
Quoting BeeTogether
Morning all! GJ looks like it’s giving back all its gains from Friday whereas GU be ready to try 125 again.
GJ

Hi Bro.

My view on next set up
( future talk)

Set up based on Wyckoff infuse EW count.
Waiting for bounce/ break for low DD N3.
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