Cable Update (GBPUSD)

Taking 25p on GU at the pivot, and 23p on EU.

Profit taken on this trade at 1.3409...

Price is still building base for trending.

Nice weekend to all my people.

Price hitting 1.3510 soon, if we have a breakthrough we can see it continuing 1.3600 and higher ! Have a great weekend everyone !

Closing last 2 GU and EU long positions here for 66p and 55p. Calling it a week.

eu at resistance finally, it only took 2 weeks 1.1680

Checking pa daily tf , now awaiting for 2 plays before better and greater waves. Either over 2512 test or and breaks even upside and 3373 test and breaks towards 3302 before 3512 !! Better 3373 down to test 3512 ! Let's see
Hourly ok too , 3470+ may scalping for 3380 to 3340 market open if chance !

The GBPUSD price action on the daily time frame is sideways. Presently, the price action is tackling the 1.34450 horizontal resistance. The area aligns with the 78.6 fib retracement area of the bearish swing traceable to May 2021. Although we may still see further northward price engineering, the technical structure is bearish, and we may soon see a southward rotation.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

GBPUSD_H4. Momentum is with the bulls, the bears needs to take 1.344 and stay below. I expect Friday's high to be taken out. I'll be looking for M30 support, trading into the high.

DXY_H4.

GOLD_H4.

Thank you Guy. I would like to see this as bygones please

We've all moved on, let's focus on making money.

Amen. Wishing you the best of trading week ahead gang!

If we have another pop higher . it's a sell as well.

“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame.
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden


Price Action #advancedalientrading

1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.

https://www.forexfactory.com/attachm...5?d=1778029069

GU is 20pips higher than where it opened yesterday, bad P/A to say the least. I'm taking the 19p and closing. This is just too frustrating.

Price at the H4 pivot, SMA200 resistance overhead. I'm on the sidelines.

GBPUSD can keep buying up to overlape those two Volume imb above, but at the first Volume imb at the top, if we fail at it, I think price maybe sell strong down if only it respect it, I have a model at that top when you look at daily chart, we have 2 candle overlape each other and price is slowly buy up to the top of it, but if we fail at the top we can sell down, It is very hard to sell in my opinion cuz there is nothing down there for price to take anymore

I really want to see price keeps buying up to overlape those two Volume imb

Price creates a very big buy candle in London session, so hope it keeps doing that until Newyork session, and then just expand to it