Cable Update (GBPUSD)

Short GU target 3300

odd time , still shorted preemptive at the top to see !! signal wise as of normal signal 3752 done , early confirmation 3737 for next confirmation 3724 for 3696 confirmation and so on

no you dummy...
They want hit 1.40

1. Trend Analysis:

1. Clear Uptrend:
   1. Price is making higher highs and higher lows.
   2. A rising ascending channel (dotted blue lines) confirms the bullish structure.

2. Supply & Demand Zones:

1. Demand Zones (Blue Boxes):
   1. Multiple demand zones are marked below the current price.
   2. These zones act as potential support areas where price could bounce if retraced.
   3. Key zones:
      1. 1.36485 – 1.36336
      2. 1.35908 – 1.35740
      3. 1.35113
      4. 1.34491
      5. 1.33705

2. Supply Zone (Red Box):
   1. A small supply zone is visible near the most recent high around 1.37649.
   2. Price is currently testing or reacting to this zone, suggesting potential short-term resistance.

3. Price Action Observations:

1. Strong Momentum:
   1. Steady bullish candles with short wicks indicate buyer dominance.

2. Near-term Consolidation:
   1. Current price appears to be stalling near resistance, forming small-bodied candles inside the supply zone.

4. Channel Analysis:

1. Price is approaching or touching the upper trendline of the ascending channel — often a place where:
   1. Profit-taking occurs.
   2. A pullback to the midline or lower boundary may happen.
   3. Especially relevant if the supply zone holds.

5. Trading Opportunities:

1. Bullish Continuation (if breakout occurs):
   1. If price breaks and closes above 1.37649 convincingly, it may indicate a continuation of the trend.
   2. Target: Next psychological level (e.g., 1.3800 or higher).

2. Short-term Pullback:
   1. If price rejects the supply zone:
      1. Expect retracement towards the nearest demand zone at 1.36485–1.36336 or 1.35908–1.35740.
      2. This would offer buy-the-dip opportunities.

6. Risk Notes:

1. Being near channel top and supply, entering fresh longs without a breakout confirmation may be risky.
2. Watch for bearish reversal patterns (e.g., engulfing, pin bars) around this supply to assess short-term bearish scenarios.

lol

you can buy it at 1.37 if you want

Note that this current week already has distance of 401 pips, while the maximum week distance in year 2025 so far is 437 pips which is also a coincidence of 441 pips minimum expected distance for this month. This points at 1.3810, but a lot of caution is needed as 95% of the expected distance is already done, the bears may kick in really hard within in few days time and drag this price to 1.35 quickly and aggressively.

Trump's lost the plot

like the divergences, heres 1 of the many i use, a sharp rsi value drop, has to be 10.0+ in value difference from previous swing diverging, its around 15 i think, signals a strong diverging wave also with a strong close engulf, if candle was weak wouldnt be so strong, candle gives it that strength, diddnt take as overall pa doesnt fit criteria, this setup in a 4h down divergence will be ok or in a 1h diverging down all t/fs, but then other things to consider fundis etc, just some thoughts

15m chart

Daily close below 3730 will help asian bears.

NY failed to displaced London range.
Asian high is the support for NY.
3730 is the London midpoint.

No reason for weak dollar.. it will flip, and it will be bad.. cant put a timer on it. Patience is virtue

Have to love it when I am being quoted with profitable trades.........means I am doing something right

Not bad for last trade today 34 pips at least , better 2 pips be to carry out for next day for more correction !! Let's see

Let's see if Asia will touch 3800 before tomorrow morning.

[quote=Wavegarrick;15289492]With the previous highs broken and momentum on the daily time frame, impulse move to my yearly resistance 2 at 1.38843 becomes an ominous target. I could look to open a contrarian sell trade at 1.38843. Trade safe. Cheers. Great work, I’ve been following your progress. You’re doing great

what’s he done now?

dollars prolly gona bounce back to 98 next week

Out of the trade with small profit.

Will review again.