Cable Update (GBPUSD)

No use fighting the market, long GU target 1.37, EU 1.1810. The H4 has too much momentum for me to sell. After today's shenanigans, I have this for GU H1.

This little research hit a wall just on final day Fortunately, was able to extract profit from that data.
Important to stay confident in your methods during this 'bullshit era'...

POC of Feb 16 and Monthly one?

GBPUSD Daily with pattern and candlestick analysis
GBPUSD Daily is showing a bullish recovery after price rejected the lower band area and formed a higher low around 1.3450 to 1.3465. The structure has shifted from a bearish pullback into a recovery phase, with buyers defending the previous support zone and pushing price back toward the 1.3600 decision area.
Pattern and candlestick read
The current structure resembles a bullish continuation pattern after a pullback. Price made a strong recovery leg, paused, then formed a higher low instead of breaking down. The candles around 1.3450 to 1.3465 show buyer defense, with rejection from support and follow-through back toward resistance. This can be viewed as a bullish rejection from demand and a possible bull flag continuation if price can break and hold above 1.3605.
At the same time, price is now near resistance, so the next candle behavior matters. A strong daily close above 1.3605 would confirm bullish continuation toward 1.3670 and 1.3743. But if price prints a bearish rejection wick or bearish engulfing candle near 1.3605, then GBPUSD may pull back first toward 1.3525 or 1.3465 before attempting another move higher.
Trade plan
Preferred long setup is a pullback into 1.3525 to 1.3465 with a bullish rejection candle, such as a long lower wick, bullish engulfing candle, or strong green close from support. Targets are 1.3605, 1.3670, and 1.3743. A breakout setup only becomes cleaner if Daily closes above 1.3605 and holds the retest. The bullish recovery weakens if price closes below 1.3465, and a break below 1.3379 would shift the structure bearish again.
For future posts, use this format:
Pattern and candlestick read
Price is forming a bullish continuation pattern / bearish continuation pattern / range pattern. The candles show rejection from support / rejection from resistance / engulfing pressure / wick rejection / compression. I will wait for confirmation before entering.

1.36439 is my VAP supply level for the month of February.

Additionally, the daily candle for April 30 made a higher close than that of April 14 but my VAP study shows negative divergence.

May I ask sir, what is the POC for the month of February using market profile?

Is it possible to use market profile on the daily tf from start until end of February? Is there a way this can be done?

The DXY is now looking at a low of 97.20

Monthly POC is @ 1.3647 and Feb 16th @ 1.3644

It depends on platform and how te data is aggregated...
E.g. I'm using some tool on TradingView and it's more precise on lower tf, 1H is good; on D it would give 1.366. Not dramatic difference tho

I remember you have a method computing it by yourself, are you still doing it?

Thanks so much sir.

Yes, I still use my VAP (Volume Adjusted Price) method which I compute myself.

GBPUSD Daily.

Gold, long target 4,720 (H4 SMA100).

5' --- My SL on shorts as shown . .

Already SL hit. . .>>> FLAT now. It s moving higher. . .

Good morning everyone,.

Buy limit at 1.3582

Stop loss 1.3557

Target 1.3643

Japan’s central bank intervenes. Yesterday they were 3,4 hours active. If they will continue the whole day then dollar longs have no chance I supppose. I was long in usd/chf.

there are bigger players in the market than the Bank of Japan.

watch the interventions history..

have taken a buy on AUDJPY. it has potentiality to touch the high again. FAILED VERBAL INTERVENTION

In short term always central banks wins. Maybe over couple of months usdjpy will be over 160. But now probably usd/jpy is going to 140.

I am deleting this order.

BoJ data point to FX intervention of about 5.4 trillion yen.

a lot of money.