Cable Update (GBPUSD)

Profit taken back to neutral bias...

DXY_H1. Approaching a reversal zone.

Same here .

EU, targeting H4 SMA200 @ 1.16662 for long entry.

Hmmm, why not close the gap?

Previous buy trade moved to breakeven and some. New buy trade at 1.35107. Trade safe.

5' --- Added longs here, too .

Merry Christmas crew. [ IF there is an Orthodox around . . . 7/1 ]

GBPUSD M5 Breakout Edge is flashing a SELL at 1.34994 after price rejected hard from the red step resistance around 1.35030, so I am treating this as a quick pullback scalp lower rather than a full reversal since the scanner still shows the higher timeframes leaning bullish. My plan is to sell around 1.34994 to 1.35005 with a stop above 1.35070, then target the indicator levels at 1.34864 for TP1 and 1.34744 for TP2. I will take partial at TP1 and move the stop to breakeven, and I will abandon the short idea if a 5 minute candle closes back above the step line near 1.35030, because that would signal the sell rejection failed and buyers are back in control.

Hello again! Long time no see!
So, I bought some GBP/USD the other week at 1.35 with TP at 1.41, with the intention of holding all year if necessary, and buying major dips. But since then nothing major happened, so I keep holding it.
Meanwhile on my EUR/USD account,
I kept all the lines from my last post and as you can see EUR/USD price has developed a bearish channel, so I made a new red line on the top of it. So, it appears like it may continue that way for a while until around 1.153 to 1.16 area where the blue line is.
Even still, news can be volatile, and quickly violate this bearish channel. Since we are waiting for high impact news later today, I am equally hedged at this point with 4 longs and 4 shorts. We'll see what happens, then I'll decide how to trade after.
A quick recap of my trading progress since my last post;
I have taken profit of all my shorts and scalped some more longs and shorts with the total ROI from December 3 to January 6 (23 trading days) at +23%. That's much better than the +18% ROI I accomplished from September 29 to December 2 (47 trading days).
So I'm happy and would like to continue trading this way.
Have a good one!

Buy eu and gu
sell Gold and silver
wait to sell btc

5' --- No proggres so far. . . . . SL as shown . . .

5' --- All longs stoped . . . Watching now...

I'm bullish on GU as long as price stay above 1.34750-850 ... and will look for shorts if we manage to break below 1.34270-400 support zone

I am looking for it to go a bit further down to enter long.
Looking at a long entry @ 1.13493
SL 1.34339
TP 1.35129

Is the Pound taking a breather or getting ready for the next leg up? After yesterday's massive run, GBP/USD is currently retesting the 1.3500 psychological floor. This "break-and-retest" of the previous resistance is exactly what bulls want to see before a push toward 1.3600.

With the US ADP Jobs report and ISM Services data dropping today, the "Cable" is at a critical crossroads. Technical indicators remain firmly bullish, with the RSI hovering around 61—leaving plenty of room for more upside before things get "overbought." As long as we stay above the 1.3450 dynamic support, the new year rally is alive and well!

Trading Tips for Today:

1. Buying Opportunity: Look for bullish price action near 1.3480 – 1.3500.
2. Resistance: The first major hurdle is yesterday's high at 1.3575, then 1.3600.
3. Volatility Alert: Expect big moves at 8:15 AM and 10:00 AM ET when the US data hits the tape.

G/M. Y/day's 1st upside b/o's of 1st LWH, then LMH, proved false as price pulled back from the new CWH/CMH/YH to produce a bearish dly candle close. So far today a slight 1st downside b/o of YL, to produce today's AL, an upside p/back, then a 1st downside b/o of that and a 2nd downside b/o of YL - all false as demand kicked in @ the CDL.

You can see below where demand has been encountered @ the CDL, - in that 4hr 'spike' = pot rbs, @ a 50% fib.

4hr below

GBPUSD.H4 Today I'm looking to go long at the SMA100(Blue line) it aligns with the pivot.

...more upside sbr supply in the 4hr part of the prev 1hr/minor 4hr sw lo zone = pot sbr that starts @ today's AL, and in a separate prev 30min sw lo zone = pot sbr. Over 50% of CWL-CWH move given back @ the CDL.

1hr below

Nice confluence.
SMA100 lining up with the pivot is a solid area to watch.
So far the pullback looks corrective after the impulsive move up.
For me, confirmation would be:
– Holding above the SMA100
– Bullish reaction / rejection from that zone
If buyers defend it, continuation higher makes sense.
Loss of that level would likely open the door for deeper rotation.