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Cable Update (GBPUSD)

  • #852,121
  • Edited 8:13am Jan 30, 2025 7:35am | Edited 8:13am
Waiting bottom test , spikes lately

Eurusd looks news effects after bottom test , if may retest pullback , watching if go failure so soon!
News mixed high impacts !
Bull got life , over 2465 !! Let's settle to start next !

Next bounce target likely 2500
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #852,122
  • Jan 30, 2025 7:57am Jan 30, 2025 7:57am
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“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame.
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden


Price Action #advancedalientrading

1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.

Just follow the rules.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #852,123
  • Jan 30, 2025 8:06am Jan 30, 2025 8:06am
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H. --- Long........... SL under recent lows

  • #852,124
  • Jan 30, 2025 8:06am Jan 30, 2025 8:06am
Up up and away
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yes yes yes
  • #852,125
  • Edited 2:36pm Jan 30, 2025 8:07am | Edited 2:36pm
Quoting Mitiblotch
{quote} I still expect it to break to 2380 at least. But I don't want to to risk it.
I am committed to the bull or adjustment of strategy if I fail. It's better to always stay on a lane.

If yesterday's low is broken, next support is at 1.234xx...
Market Structure is the King.....
  • #852,126
  • Jan 30, 2025 8:07am Jan 30, 2025 8:07am
Quoting ThaoAnh
{image}
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  • #852,127
  • Jan 30, 2025 8:10am Jan 30, 2025 8:10am
Quoting Pat Chiko
{quote} CABLE Taking to LQ ABC The "B" is for bounce from the BO zone to RT{image}
CABLE

Partial TP
I hope price will go up more...............
I guess it will.............
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #852,128
  • Jan 30, 2025 8:12am Jan 30, 2025 8:12am
Quoting Pat Chiko
{quote} EU ABC from JayPow{image}
EU

Some luck trades it is.
I guess price need to go up some more.......
maybe EOY or mid Jan.......
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #852,129
  • Jan 30, 2025 8:15am Jan 30, 2025 8:15am
Quoting F.g
{quote} Pat , hi. May I suggest the correct count..... From the 121.00 Low I see an A B C that will end ~ 126 . From the recent 1.25 23 top I see an A B C decline to 1.23 94 today's low. New highs are coming for me . Just my opinion . newbies have the priviledge to make mistakes... {image} 4H.
Thanks for your comment.
I appreciate it.
As a newbie, I'm always willing to learn from experienced traders, especially from this thread, where we have an abundance of experts.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #852,130
  • Jan 30, 2025 8:17am Jan 30, 2025 8:17am
GOLD about to hot the ATH again.
This time ceiling going to break
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #852,131
  • Edited 10:16am Jan 30, 2025 8:22am | Edited 10:16am
Now limit for bounce further is 2451:, as watching at which level join ! News effects looks not settled yet !
2462 or little low ok if long scalping having sl 2451
If next leg up 20 pips size then now target only 2482 as it may correct further down as final limit 2447 , so 2462 may breaks and back before 2500. .
Anyway as this bounce is not bull yet in real sense so likely top failure at any level 2500 ++ or even can now if breaks down 2451 or 47
Anyway one more leg to 2482/ 2500 possible at least .
Update : just check eurusd top failure present ,ok still a leg up by failure likely next too possible! New will not all time to save spikes ! So care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #852,132
  • Jan 30, 2025 8:25am Jan 30, 2025 8:25am
Quoting ThaoAnh
{image}
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  • #852,133
  • Jan 30, 2025 8:31am Jan 30, 2025 8:31am
Reminder: https://www.forexfactory.com/thread/...0#post15088640
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Air force
  • #852,134
  • Jan 30, 2025 9:15am Jan 30, 2025 9:15am
Quoting Pat Chiko
GOLD about to hot the ATH again. This time ceiling going to break
Whats your take for pce tomorrow. Core cpi showed signs of weakness in readings.
HPI m/m also down.
More time in the market, does not mean you trade better!
  • #852,135
  • Jan 30, 2025 9:17am Jan 30, 2025 9:17am
Quoting Pat Chiko
{quote} CABLE Partial TP I hope price will go up more............... I guess it will.............{image}
Your A is my 4 of new swing wave 1.
More time in the market, does not mean you trade better!
  • #852,136
  • Jan 30, 2025 9:23am Jan 30, 2025 9:23am
We are moving...
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My telegram: https://t.me/avidforex
  • #852,137
  • Jan 30, 2025 9:38am Jan 30, 2025 9:38am
GJ any correction will have to clear previous support area of 19240. Gonna hold on for a bit longer to my longs as a correction towards Fridays close of nearly 195 may still happen next week before BoE
Insane in the Brain..
  • #852,138
  • Edited 10:04am Jan 30, 2025 9:42am | Edited 10:04am
Quoting BigNumbers
We are doing BigNumbers as the name implies. {image}
I'm short on GU with a target of 1.22220. Here's the H4 chart, the pound left a fair bit of inefficiencies on the way up, I'm of the view that the market will adress them before any higher.



Good luck
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  • #852,139
  • Jan 30, 2025 10:15am Jan 30, 2025 10:15am
Quoting Wavegarrick
{quote} All trades locked at b/even and some with my weakest buy trade closed. I will look towards 1.23500 next week to enter more buy trades. Cheers. {image}
My buy trades so far holding solid on GU.
My weekly pivot is at 1.23796 and has not been tested yet. Tomorrow is the last trading day of the month, and I do expect some volatility and don't discount a quick move towards my weekly pivot.
I remain bullish on GU and a strong weekly and monthly close in the current area only bodes well for bulls.
Trade safe.
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Trade to trade another day
  • #852,140
  • Jan 30, 2025 10:38am Jan 30, 2025 10:38am
Quoting JeremiaDa
bought at 2446 now i'm down -$38 is there any chance of price revisiting my entry or should i close -15%
If it continue down and wipe out your account, who would you blame?
Asking for a friend.
More time in the market, does not mean you trade better!
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