Drop to 15 TF, and the picture is clear. As long as TL holds GU makes LH-LL. If you are bull, wait for the shift to HL-HH.

Coreg's EW+HP+D/W Range

The fight is still on to hold 1.3500 . The T#2 @1.3486 after the bearish butterfly pattern hit overnight. Targeting a yellow box to the downside if GU continues the slide.

Coreg's EW+HP+D/W Range

The minimum for the week was reached overnight @ 1.3566 (127.2% weekly extension). Let's see if bulls are strong enough to defend 1.3500, which is an important level to continue up.

Coreg's EW+HP+D/W Range

One news item, not necessarily bad for the dollar, and we go in the opposite direction big time...Wow, always expect the unexpected.

Coreg's EW+HP+D/W Range

If GU holds above PP, the sentiment for the day changes, and the long trades will be favored. GU is potentially in wave 4 on the daily TF, so the intraday trading won't be easy. I mentioned it in my prior posts. image Added the daily chart. image

Coreg's EW+HP+D/W Range

Targeting today 1.3400. Pivot Point @1.3465 held strong.

Coreg's EW+HP+D/W Range

Fex., thanks and same to you. On the daily TF, I have timing for the drop to last minimum to Jan. 6-14, if GU makes wave 4. Possible back-and-forth trading during the upcoming days, as wave 4 is usually complex.

Coreg's EW+HP+D/W Range

The DXY can correct to 98.76-99.15 if at least a temporary low is in place.

Coreg's EW+HP+D/W Range

Waveskie, by now you should know how to time your entry....in the opposite direction.

Cable Update (GBPUSD)

As long as the high from Dec. 24 @ 1.3534 holds, GU is vulnerable to correction. During the trading day, look for a move equal to 2 pivot point levels.

Coreg's EW+HP+D/W Range

Waveskie, thank you for making my day after day...Hope you will continue in 2026. All the best to you.

Cable Update (GBPUSD)

Swing traders should be aware of the possibility of a drop to 1.3356. Emphasis on the word "possibility".

Coreg's EW+HP+D/W Range

Wave (c) @1.3426 hit overnight. On intra-day TF, GU makes LL-LH. Beware of it. Sure, scalping permitted in both directions.

Coreg's EW+HP+D/W Range

After GU made a new intra-day low, the channel was redrawn. Pay attention to YL @1.3470 with the possibility of continuation if GU bounces off this level. So far, we have a nice displacement of this level.

Coreg's EW+HP+D/W Range

Is the dollar waking up and will make the run?

Coreg's EW+HP+D/W Range

Not too much changed. The price stays inside the channel.

Coreg's EW+HP+D/W Range

If we drop to 30M TF, we can clearly see that if GU doesn't take out one of the liquidity zones (cyan ovals), we can have uneventful trading in the last days of the year.

Coreg's EW+HP+D/W Range

On the daily TF, GU still struggles to close above the current resistance/ liquidity zone @1.3510-1.3527 image

Coreg's EW+HP+D/W Range

The channel was redrawn b/c GU made a new low on 1H TF. The first resistance for today is between 1.350 and 1.3506. If GU goes down, pay attention to S2 @1.3451

Coreg's EW+HP+D/W Range

If you are threatened by a hacker, here are the steps to take. Go to YouTube and watch this video.

Cable Update (GBPUSD)