Cable Update (GBPUSD)

Your very naughty , I have smiled for once today.
Today was not my day,the market showed me the middle finger + an obnoxious neighbor.

It happens to the best of us and will keep on happening, its how we deal with it that matters...

USDCAD not getting to 1.4150 bothers me, we could see a pullback in GU before any higher.

NZDCAD, waiting for channel support, then long back to the pivot.

Buy order placed at 1.31218

Headland Bro.

Thanks for showing interest in this setup.

I wanted to reply earlier, but with yesterday’s BOE interest rate decision and the MPC conference, my focus was all on that.
Anyway, your remarks really sparked my interest to dive deeper into what we’re seeing on Cable right now.
NOTE : I use cleaner chart for discussion to make it easy on eyes


At the current price and structure, I believe the best way to approach the next move is with a Break & Retest Strategy.

The Idea
This setup starts with a breakout of a key level, followed by a retest of that same level — now flipped into the opposite role (old support becomes new resistance, or vice versa).

That retest is where the trade opportunity appears.
What matters most is the reaction during the retest — you want to see clear signs of rejection, such as a strong candlestick or cluster of candles confirming the direction.


Why It Works
This pattern repeats across all timeframes and assets.
It’s simple, yet powerful — and that’s why so many traders (especially newer ones like me) love it.


The key is identifying strong structure zones and waiting for confluence — for example:
Retest aligning with a Fibonacci level
A Fair Value Gap nearby
Or a prior high/low acting as support/resistance
When these align, it increases the probability of a successful setup.

Example on the Chart
On the daily chart, you’ll notice how price broke below the previous support zone. Now, that same area is lining up for a potential retest — possibly turning into new resistance.
If the retest rejects cleanly, that’s my cue to look for short setups.

But if price breaks through convincingly, then I’ll reassess and prepare for a possible shift back to bullish.\


Summary
Break & Retest gives a structured, low-stress way to trade around key levels.
Wait for the breakout to confirm, look for strong reaction on the retest, and only enter when price action aligns with the story the structure is telling.

Patience is the trader’s best friend here.

USDJPY, short, target 151.20

CADJPY, short, target 106.85

PAT CHIKO

Something is going wrong with Pat Chiko page. I subscribed to him and discovered it turned to Ignore...

I didn't understand until Pat Chiko Ignore me.

Be informed I did not Ignore you... What you see is an error from your page.

Several attempt to remove Ignore against you has also failed.

Please, Pat I am your friend so don't Ignore me....

Someone here should message Pat for me.

Thanks.


I think it's a mistake from me oooo....

I can't afford to miss your freebee.... Remove me from your Ignore list Pat.

I am your secret admirer.

Thanks.

NZDUSD, waiting for channel support, then long back to pivot /0.5700

Trend line broken & confluenced with harmonic patterns and Support zone.

I think GU is in the process of forming a cup n handle pattern on H4. Cup done, just drawing the handle now.

G/M, early start for me. Y/day's >30 day adr dly candle, a bullish thrust close, the hi of which challenged bottom of that prev dly/wkly/minor mthly sw lo zone = pot sbr that starts @ 3140. (wide zone, on the wkly in particular.) Price is currently back above LWL so 1st downside b/o of it was false, but currently remains below the Wkly Pivot, where it has been all week.

Hi Pat, thanks for your great post/reply. Using this example, We currently have a downtrend on 4hr and dly as price @ y/day's hi tested the bottom of that prev dly/wkly/minor mthly sw lo zone = pot sbr, (your support/resistance flip,)that begins @ 3140, (see my charts below,) and has pulled back to the downside, in the 4hr/dly trend direction, from there. In this case there is still 4hr bearish hidden div there indicating that move back into the 4hr+ downtrend, but the move up from 3010 CWL and the current downtrends lo is strong, - so that if I was playing a retest of that pot sbr zone, I would look for a bullish hidden div set-up on 30min or 15min, (back into the 1hr general uptrend,) possibly timing entry on a t/f below, if one sets-up. We'll see what happens, - ie which trend wins out, 1hr -or- 4hr/dly.

EDIT: Merged 2 x posts, and typos.

Wkly, then Dly below.

@Pat Chiko

...you can see on the 4hr chart that price @ YH also challenged the separate prev 4hr sw lo zone = prev sbr x 4 now = pot sbr, and at each subsequent time it has it has been @ a lower hi on that t/f, in the wide zone. The downside p/back in the 1hr general uptrend has yet to reach the 1st fib retrace of the 3010-3143 move up, ie CWL-YH move.

4hr, then 1hr, below

wish to see price below 1.3 today.
idk the news status.


but im not planning to buy it today no
matter what.

Trade what you see, no what i think.
Good luck

@ 3076 below, a fair ground for launching the rocket, @3126 bull's bacon has been violated though, assessing which is which.

...

Thanks for the screenshot mate. I think Pat has set is profile not to have any subscriber.

I decided to enter short now.
1.3115