Cable Update (GBPUSD)

close to possible pullback

i bet alfie and you could tell us a lot, only if you guys knew how to write

T721, don't hold your breath. I've been waiting almost two years to show good people here how I misled them with my analysis, but the CIC member is still silent.

The GBPUSD price action on the daily time printed a bullish continuation candlestick on Friday to retest the 1.30800 horizontal resistance. Recent candlestick prints in the area indicate that bears are resisting further northward drive. Thus, we may see a bearish correction in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

GBP....

GBPUSD
Last Thursday I moved my TP higher, but GU let me down. The price got so close to my TP, and bounced back (sea-green arrow), and now it looks like I’ll need to adjust my TP to an even higher level, maybe.. LOL
Set SL (close all} at 1.29767
Catch you later...

EURGBP H4 divergence, h1 flagging, possible entry coming up

Long GU, target 1.32400, Long EU, target 1.15200

so watching pa as per chart , overall sl just over 3204, early sl if scalping at high then over 3144 , earlies signal for scalping 3094 , good signal/ 1 st confirmation 3029 , target may over 2863. so waiting what happen and act as per . take care
as eurusd in more better bull still correction should be towards limits 1145 and 1089 before bull restart possible . so will follow eurusd more perfectly !
3140 level of interest if reject ! earliest signal 3127 . earliest confirmation 1 st 3113

watching for earliest signals 3155/43 as start any correction. if ok then limit 3129 and confirmation 3094
similarly in eurusd limit signal 1407 and confirmation 1391. anyway whatever gbpusd bounce watching eurusd for signals , now for 1391 test and breaks and hold ! once done , will wait for confirmation 1352 to start the correction actually ! !! and with this eurusd confirmation gbpusd may breaks 3113 limit / and or 3095 confirmation
update : retest 1404 before final correct if eurusd likely and ok so far !!anyway after over 1404 , now early confirmation goes to 1397 , watching 1397.
similar in gbpusd early confirmation 3174 for next confirmation 3154

TP (close all) 1.3150 reached, mission accomplished.. Will enter again later...

G/M. Well, quel surprise - an upside follow-thru on Fri's bullish dly candle, and last wk's bullish engulfing wkly candle so far today, with a 1st upside b/o of the asian hi, then last wk's hi, both b/o's still true. Some supply has emerged near the top of the prev 1hr/4hr/dly sw hi zone = pot res that extends up to 3208, the current yrly hi. 116% of 30day adr already traveled today. Is an upside b/o of the 3208 current mthly/yrly hi just a matter of time?

EDIT: corrected typo.


1hr below

...there is a longer-term descending t/line that joins 2.1162 with 1.3208 running thru this prev 1hr/4hr/dly sw hi zone = pot res that extends up to 3208 and price is just below it (probably,) @ the current dly hi. Above thatzone there are some pot res/sbr factors on 1hr + from Sept' 2024. Dly R2/Wkly R1 are @/around 3245/46 respectively. The next upside fib is @ 3237 (85.4% 3434-2100.)

EDIT: correction where next upside fib is.

Dly below

No real momentum in the market at moment
The only move I can see is a risky short for a few pips.

Same 3174 and 54 breaks and hold needed to finish scalping part and enter swing! Where 3130 next breaks down and 3027 1st confirmation !
And waiting eurusd 1350 for 1278 target / confirmation

... So, more supply emerges higher up in that prev 1hr/4hr/dly sw hi zone = pot res. Look at that almost vertical rising channel up from 2743/44. Wow! Only the mthly 10/20/40 ema cross holding out,! (per graphic on chart below.) 1st upside b/o's of last wk's hi and asian hi remain true for now.

4hr below

m
you're new here I see. Just don’t be a dick, enjoy the banter if you feel the language is a bit too non veg for you then the door is always open.

wtf you on about? Pat ain’t scammed anyone. You aid the same about another member last year. Seems every time you lose a bit you go all blaming others. Don’t be a dick

Hi, it's funny - we all see different things. Re my edge the initial short (from the top) was lo-risk, ie price testing deep into a prev sw hi zone = pot res that extends up to the dly t/f, with price @ 120% of 30day adr, and I had bearish regular div on osc's to 2hr t/f...the 5min 'double divergence' on both osc's and 1st bearish candle close (bearish engulf) giving the entry.

5min below

...dip down to the top of a prev 30min sw lo zone = pot supp / already breached Dly R1. Was hopping for some bullish hidden div on any t/f below 30min/1hr and a dip to pot rbs- didn't get it....'buy the dip' types come in there , - is the current character of the day, - so far at least, - ie shallow dips getting bought.

1hr below