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Cable Update (GBPUSD)

  • #760,821
  • Jul 25, 2023 2:12am Jul 25, 2023 2:12am
We are at support. A sustained break below 1.28 will open 1.26
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  • #760,822
  • Jul 25, 2023 2:14am Jul 25, 2023 2:14am
My last day profits and have running anothers 5 entries.
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  • #760,823
  • Jul 25, 2023 2:23am Jul 25, 2023 2:23am
Are we going sub 2800
  • #760,824
  • Jul 25, 2023 2:25am Jul 25, 2023 2:25am
Quoting TheWraith
As said before ultimate R lies on Monthly chart @ 1.33 and this is highly likely the top for this pair for quite some time to come. We are close and the closer we get more careful we should be about sudden drops down and downtrend continuation on Monthly. I believe this is also the price on the high end of the trend line Jolita has posted a few days ago.
Well noted TW!
ATM price is sitting at previous months resistance. I still think retest is not out of the question, also I don't like monthly EMA 100 (1.3434) just above the bearish trend channel. I wish trading was simple, let's try to not overcomplicate and wait for week/month closure, we will have better idea.
Monthly, inc historical P/S&R's.
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  • #760,825
  • Jul 25, 2023 2:27am Jul 25, 2023 2:27am
Quoting Yngwie
Long 1.2847
Hit BE
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #760,826
  • Jul 25, 2023 2:30am Jul 25, 2023 2:30am
Quoting elbert3
Are we going sub 2800
May be GBPUSD will go at 1.27468.............
  • #760,827
  • Jul 25, 2023 2:32am Jul 25, 2023 2:32am
When this happens, it means that neither side is stronger and that it's either accumulating(for entry buy) or distributing(for entry sell).

I experienced this quite sometime ago, on the USDCHF pair, where it kept fluctuating and I entered scalping positions and the profit was soooo good for a working day. In such conditions, the market won't allow any heavy upside / downside movement and you can leverage that for some good profit.
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  • #760,828
  • Jul 25, 2023 2:37am Jul 25, 2023 2:37am
mid bands h4 rejecting very hard..
getting ready for new low today
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  • #760,829
  • Jul 25, 2023 2:39am Jul 25, 2023 2:39am
Bulls need a break above 12870 .. that said the support below 12810 doesn’t look great either..
Insane in the Brain..
  • #760,830
  • Jul 25, 2023 2:41am Jul 25, 2023 2:41am
averaging going well..taking partial securing profits..
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  • #760,831
  • Jul 25, 2023 2:41am Jul 25, 2023 2:41am
1.2819/22 area.. is the key
  • #760,832
  • Jul 25, 2023 2:43am Jul 25, 2023 2:43am
EU
Expecting a bounce at the 4hr Trendline, and we also have a Daily Trendline which in the same zone which have a proven record
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Expecting a quick and large bounce from the TL, Expecting FOMC Dovish

Is there any chance for FED to 'skip' July Hike and saved it for Sept FOMC?

The market seems pretty sure about what FED will do tomorrow
CME Fed watch - 98% 25bps Priced in.
More time in the market, does not mean you trade better!
  • #760,833
  • Jul 25, 2023 2:45am Jul 25, 2023 2:45am
Quoting voeltoez
averaging going well..taking partial securing profits.. {image}
Good Trading
  • #760,834
  • Jul 25, 2023 2:45am Jul 25, 2023 2:45am
Quoting mollick
My last day profits and have running anothers 5 entries. {image}
great job dude! my weekly profit reached 818 pips too
P.S : small account size.
  • #760,835
  • Jul 25, 2023 2:46am Jul 25, 2023 2:46am
Gu Short
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My telegram: https://t.me/avidforex
  • #760,836
  • Jul 25, 2023 2:48am Jul 25, 2023 2:48am
Quoting Whale
1.2819/22 area.. is the key
1.282 is where I'll add another Long.

Added.
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  • #760,837
  • Jul 25, 2023 2:49am Jul 25, 2023 2:49am
Quoting pipfarm
{quote} EURUSD stands exactly as i have written above for GU except a break of 1.10599 would confirm the D1 downswing continuation. The correction on EU looks like an irregular flat 3-3-5 with 5 waves complete in the third so could be coming down any time.
EU looking good GU is starting to move down

UJ and USDCHF , again more or less the same set up as the other two with a break above there H1 highs needed to send the H4 correction back up into a trend
Follow The Markets Structure - Patience and Discipline
  • #760,838
  • Jul 25, 2023 2:49am Jul 25, 2023 2:49am
Long here 1.2827
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #760,839
  • Jul 25, 2023 2:58am Jul 25, 2023 2:58am
Quoting TheWraith
{quote} 1.282 is where I'll add another Long. Added. {image}
Yeah definitely worth it (even if goes in another direction yet a good risk). Wish I could add more positions but I can't because of the money/risk management thing (other active positions going on) :/
  • #760,840
  • Jul 25, 2023 2:59am Jul 25, 2023 2:59am
Quoting Fardeen1209
EU Expecting a bounce at the 4hr Trendline, and we also have a Daily Trendline which in the same zone which have a proven record {image} Expecting a quick and large bounce from the TL, Expecting FOMC Dovish Is there any chance for FED to 'skip' July Hike and saved it for Sept FOMC? The market seems pretty sure about what FED will do tomorrow CME Fed watch - 98% 25bps Priced in.
I don't think so. There will another 25bps hike tommorow, but then who knows. Powell was pretty clear that Fed is to raise two more times and this is probably the story he will stick to on Press. Thankfully, Fed is soon out of the picture, so price should start moving more freely from now on.
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