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Cable Update (GBPUSD)

  • #868,261
  • Nov 11, 2025 5:29am Nov 11, 2025 5:29am
Quoting Pat Chiko
{quote} CABLE Is this SHORT set up ? Anyone....? Looking of possible short trades, like our late BFF put it "contractarian" (RIP) Waiting for Spike Action at this level {image}{image}
hi Pat Chiko, educate me, why will u mentioned a spike up. Is there any news or what. How do u know if there’s a spike up?
  • #868,262
  • Nov 11, 2025 5:32am Nov 11, 2025 5:32am
Quoting ScalaFX
{quote} if h4 closes as engulf I will set target to 3350
If price fail to create point D by directly breaking out of the current high as per your specs then I will miss the 1st main trade of the week....

And that will not be funny for me oooo.

I wish you good luck.
Market Structure is the King.....
  • #868,263
  • Nov 11, 2025 5:36am Nov 11, 2025 5:36am
Quoting Zeiferz
{quote} hi Pat Chiko, educate me, why will u mentioned a spike up. Is there any news or what. How do u know if there’s a spike up?
Hello friend,

Chiko said Spike Action not Spike up...

And looking at his analysis, all is pointing to Sell...

Anyway, I hope he answers your question directly.
Market Structure is the King.....
  • #868,264
  • Nov 11, 2025 5:38am Nov 11, 2025 5:38am
Quoting ScalaFX
buy 3123 SL 3100
SL set to 3155
People don't plan to lose. They lose because they don't plan.
  • #868,265
  • Nov 11, 2025 5:41am Nov 11, 2025 5:41am
Yipee
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  • #868,266
  • Nov 11, 2025 5:45am Nov 11, 2025 5:45am
Quoting Abeylyn
{quote} Maximum Takeprofit in this current trade is 1.3180. For me, it's not yet time for GU to soar .. It's just the foundation being built. Basically, I am bullish GU but timing is not appropriate.. Alert will be sent in advance Incase I change my mind to support the Bear. ABCD/1234 as guiding principle.
I have closed my Buy trade but will not Sell.

Waiting to see more clue.
Market Structure is the King.....
  • #868,267
  • Nov 11, 2025 5:47am Nov 11, 2025 5:47am
Quoting Zeiferz
{quote} hi Pat Chiko, educate me, why will u mentioned a spike up. Is there any news or what. How do u know if there’s a spike up?
there is no news or event yet but according to fib level maybe spike to 1.32300 (61.8) then there might be a chance of short positions who know let see how the price reacts.
  • #868,268
  • Nov 11, 2025 5:52am Nov 11, 2025 5:52am
This looks an easy 700 pts.. I'll place a sell at 2pm (London time).
[NY open below 1,31726 I'm in.. SL 400pts.]
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  • #868,269
  • Nov 11, 2025 6:18am Nov 11, 2025 6:18am
Quoting ScalaFX
{quote} SL set to 3155
we have engulf at h4, adding 3163 next long
People don't plan to lose. They lose because they don't plan.
  • #868,270
  • Nov 11, 2025 6:21am Nov 11, 2025 6:21am
Quoting Abeylyn
{quote} I have closed my Buy trade but will not Sell. Waiting to see more clue.
1.3173 equating point C is a good zone to take a Short trade for a long term profitability hence the need for me to close my Buy trade.

I cannot also Sell because a single technical indicator is not given me option to Sell.

I will continue to monitor and as soon as the coast is clear, I will announce and Short.... Soooo, I am still thinking of buying at D.

For now, I am still looking to go long...
Market Structure is the King.....
  • #868,271
  • Nov 11, 2025 8:17am Nov 11, 2025 8:17am
Quoting ScalaFX
{quote} we have engulf at h4, adding 3163 next long
safe at 65 for both
People don't plan to lose. They lose because they don't plan.
  • #868,272
  • Nov 11, 2025 8:44am Nov 11, 2025 8:44am
Quoting Guy1969
Re-entered EU long @1.1543, staying long into SMA200 (1.1630) on H4 chart.
Took 62p off this trade. GU gave me a small 15p, but I had to manage my SL.
  • #868,273
  • Nov 11, 2025 10:00am Nov 11, 2025 10:00am
Quoting Waveskierrob
BULL day... {image}
EU good BULL day, not so much GU.l, something to think about
  • #868,274
  • Nov 11, 2025 11:09am Nov 11, 2025 11:09am
Quoting Waveskierrob
{quote} EU good BULL day, not so much GU.l, something to think about
There was a bad data for GBP earlier today and the pair made a very good recovery, it looks to me like it's targeting 1.3210 Fair Value area for November.

Note that the Average first 10 trade days range of the month is 260 pips and so far we have 175 pips in the first 7 trade days. This means at least 85 more pips to break either 1.3184 or 1.3009.

As it stands 1.3184 looks more likely to break. See simulations below:

1.3009 + 260 pips = 1.3269
1.3184 - 260 pips = 1.2924

1.3269 to be more likely this week as far as price trades above 1.3096.
Data + Stat + Risk/Emotions Management
  • #868,275
  • Edited 1:48pm Nov 11, 2025 1:37pm | Edited 1:48pm
EURGBP, long target 0.8860, at the same time, I'm short GU, target 1.3040
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  • #868,276
  • Nov 11, 2025 2:11pm Nov 11, 2025 2:11pm
USDJPY H4, long target 156.10
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  • #868,277
  • Nov 11, 2025 2:55pm Nov 11, 2025 2:55pm
GBPCHF, short target 1.0410
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  • #868,278
  • Nov 11, 2025 4:46pm Nov 11, 2025 4:46pm
GBPUSD H4, the E/W count supporting the 1.3040 target posted earlier.
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  • #868,279
  • Nov 11, 2025 6:34pm Nov 11, 2025 6:34pm
Quoting Zeiferz
{quote} hi Pat Chiko, educate me, why will u mentioned a spike up. Is there any news or what. How do u know if there’s a spike up?
Back to your question :
GBP/USD is bouncing back spiking toward a familiar ceiling around 1.3200.
That level has rejected price multiple times.
The last push appears more like a Dollar selloff than genuine pound strength.

Then you have to look at U.K. data as it continues to soften — unemployment has risen to 5.0%, employment is declining, and wage growth is cooling.

This combination keeps markets leaning toward a potential BoE rate cut in December, suggesting that the pound’s latest rebound is mainly a reaction to Dollar weakness rather than any real improvement in the U.K. outlook.
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Since price failed to make a good spike up to 1.3200 zone , sellers may step back in, pricing in weaker growth and a more dovish BoE — supporting the “limited upside” narrative.

With the macro backdrop still deteriorating, any rallies into higher levels may continue to look like selling opportunities for longer-term bears.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #868,280
  • Edited 6:55pm Nov 11, 2025 6:45pm | Edited 6:55pm
Quoting Abeylyn
{quote} 1.3173 equating point C is a good zone to take a Short trade for a long term profitability hence the need for me to close my Buy trade. I cannot also Sell because a single technical indicator is not given me option to Sell. I will continue to monitor and as soon as the coast is clear, I will announce and Short.... Soooo, I am still thinking of buying at D. For now, I am still looking to go long...
GBPUSD UPDATE

Good day friend and buddies. I am looking to Buy GU between 1.3110/1.3125. This is an internal swing zone.

I will be lunching an attach against the Swing high positioned around 1.3175/80 zone. If successful then good luck to me and all the Buyers

For now, I am still buying and if market sentiment changes to Sell, I will announce my price and go Short..

Risk Management is key.

It's important to keep you informed that I am a technician who trades when technicals gives signals irrespective of whatever the news result.

I may be wrong because nobody knows ALL and loosing is part of the game ...

Have a nice trading day all.
Market Structure is the King.....
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