Is the Cable Entering a New Bullish Expansion Phase?British Pound vs US DollarPEPPERSTONE:GBPUSDThe-Thief🔥 GBP/USD "THE CABLE" BULLISH BREAKOUT SETUP | SWING/DAY TRADE 📈💷 📊 CURRENT MARKET DATA (Real-Time Verified) Current Price: 1.3372 ✅ Today's Range: 1.3341 - 1.3401 52-Week Range: 1.2098 - 1.3789 Technical Rating: Strong Buy 🟢 🎯 TRADE SETUP OVERVIEW Asset: GBP/USD (British Pound / US Dollar) Nickname: "The Cable" 🌊 Trade Type: Swing Trade / Day Trade Direction: BULLISH 📈 💡 TECHNICAL ANALYSIS & PLAN Bullish Confirmation: ✅ Simple Moving Average Pullback Confirmed Breakout Pattern Identified Retest Completed Successfully Currently Trading Near Support Zone Strategy: SMA Pullback + Breakout + Retest Entry 🎲 "THIEF" LAYERING ENTRY STRATEGY Entry Method: Multiple Limit Orders (Layering Style) Suggested Entry Layers: 🟢 Layer 1: 1.33200 🟢 Layer 2: 1.33400 🟢 Layer 3: 1.33600 Note: You can add additional layers based on your own strategy and risk tolerance. This layering approach allows for averaging into the position as price pulls back. 🛡️ RISK MANAGEMENT Thief Strategy Stop Loss: 1.33000 ⛔ ⚠️ IMPORTANT DISCLAIMER: Dear Ladies & Gentlemen (Thief OG's) - Adjust your stop loss based on YOUR OWN strategy and risk management rules. This is not a recommendation, but rather one approach to consider. Your capital, your rules! 💪 🎯 TARGET & EXIT PLAN Target Price: 1.34900 🎯 Exit Strategy Considerations: Strong resistance zone ahead Potential overbought conditions Trap zones identified near target ⚠️ PROFIT-TAKING DISCLAIMER: Dear Ladies & Gentlemen (Thief OG's) - This is NOT a recommendation to hold until this specific target. Take profits at YOUR own discretion based on YOUR risk appetite. Your money, your rules. Exit when YOU feel comfortable! 💰 🌍 RELATED PAIRS TO WATCH Monitor these correlated USD pairs for confluence: 💵 USD Index (DXY) Why Watch: Direct inverse correlation with GBP/USD Key Point: USD weakness = GBP/USD strength Current Status: Showing bearish pressure per COT report 💶 EURUSD Current Price: ~1.1744 Correlation: Strong positive correlation with GBP/USD Key Point: Both pairs move together against USD Watch For: EUR/USD breakouts often lead GBP/USD 💴 GBPJPY Current Price: ~208.29 Correlation: Shows GBP strength independent of USD Key Point: Confirms overall Pound momentum Watch For: Yen weakness adds fuel to GBP strength 🦘 AUDUSD Current Price: ~0.6646 Correlation: Risk-on/risk-off indicator Key Point: Risk appetite affects both pairs Watch For: Commodity currency strength = risk-on environment 🍁 GBPCAD Correlation: Direct GBP strength measurement vs commodity currency Key Point: Isolated GBP performance indicator Watch For: Divergence signals unique GBP catalysts 📌 KEY CORRELATION INSIGHTS 🔴 When USD Weakens: GBP/USD rises ↗️ EUR/USD rises ↗️ AUD/USD rises ↗️ DXY falls ↘️ 🟢 When GBP Strengthens: GBP/USD rises ↗️ GBP/JPY rises ↗️ EUR/GBP may fall ↘️ GBP/CAD rises ↗️ 💡 Trading Tip: If you see ALL USD pairs rising together (EUR/USD, AUD/USD, GBP/USD), this confirms broad USD weakness. If only GBP/USD rises while EUR/USD stalls, this signals specific GBP strength. ⚡ FUNDAMENTAL CATALYSTS 🇺🇸 USD Factors: Federal Reserve expected to cut rates (90% probability of 25bps cut) Softer US economic data weighing on Dollar "Hawkish cut" expected with cautious guidance 🇬🇧 GBP Factors: Bank of England meeting scheduled December 18 Mixed UK economic data (inflation cooling, labor market softening) 88% probability of BoE rate cut priced in 📱 TRADE MANAGEMENT CHECKLIST ✅ Monitor DXY for USD strength/weakness ✅ Watch EUR/USD for confirmation ✅ Check GBP/JPY for isolated GBP strength ✅ Set alerts at entry layers ✅ Adjust position size to your risk tolerance ✅ Use proper stop loss discipline ✅ Take partial profits at psychological levels ✅ Trail stop loss as position moves in your favor ⚠️ FINAL RISK DISCLAIMER This is an educational trade idea, NOT financial advice. Trade at your own risk Past performance ≠ future results Only risk capital you can afford to lose Adjust ALL levels to your own strategy Markets can remain irrational longer than you can remain solvent Always use proper risk management 🏆 TRADE WITH DISCIPLINE | PROFIT WITH PATIENCE Good luck, Thief OG's! May the pips be ever in your favor! 🎯💰📈 Like 👍 | Follow 🔔 | Comment 💬