Cable Update (GBPUSD)

CABLE

watch the rejection level late during LO/NY session
Next correction may go deeper.

I may post HTF set up chart later, if anyone interested.

Held overnight but didn't like the potential bearish pennant so closed.

Seems bearish now...

closed 10p

Short again 1.2600

Long............... SL at BE fttb.....

Hit BE

Let me Take my Prfts here , NOW . . . .

It would be a honor for us to be gifted with your insight Don PatChiko, so please...

Dear Pat, an interesting subject to discuss is what should we do if and when Gold reaches the expected 3.000

target. What is the % of expected DROP thereafter. I must be a great trade waiting us there....

Let us hear your opinion . Thanks.

GOLD Hourly.

Strong GBP, might take a lot of big red candles to bring it down, Lel . First trade Long +7 pips, Second trade Short -11 pips, Third trade ongoing Short, SL 5 pips. Tiny range so far only 37 pips.

So the yen pairs got assess whooped overnight, although there is an element of recovery happening, might not see all the losses of the session recovered however anything over 190 for close will be good. Japanese data tonight too, increase in inflation seems to be priced in however if it’s not green then there is a huge chance of 192-193 for GJ (as this pair seems to be GU in steroids when it comes to movement)

i might take a loss earlier and trade the outcome or have a tightish SL for this and see where it goes

We might be at a selling point , here..................................................................................

The GBP/USD has broken above the large MA from the NY short, so I switched to long. The Tokyo entry has already been settled. I will wait for it to go back down and aim for a long again.

On my weekly chart, price is bullish, though the trend isn't certain with Ichimoku Kinko Hyo. If price action truly is bullish in the long-term, then it's still a far way to go before 1.33xx, GU's highest price last year in 2024. That said, I have long positions at 1.251xx and am looking to reinforce those positions at the dips.

Just want to chime in on this, but I mean this with peace in my heart : Datatrades1, Techanalyst, Macrofx1, etc. was an important mentor to me when I first started trading. I think if it weren't for him and a few other (rare) medium-to-long-term traders here on FF, I would still be scalping at high leverage and losing money. Whatever the argument is, the fact that he keeps showing up means he wants to contribute knowledge to the forum. That said, I still don't agree with all the needless insults and dumb arguments. Just let the guy have an account. I don't think a lifetime ban is warranted, especially when others in FF are just as bad.

CABLE

add LONG scalping for more luck

CABLE

target for tiny profit
I hope can reach there (when i donno)

Hello. Should price break decisively to the upside of 2638 current wkly hi, the area shown might be a potential rbs area, on any downside p/back to it.

4hr below