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Cable Update (GBPUSD)

  • #858,181
  • Apr 11, 2025 5:21am Apr 11, 2025 5:21am
...buyers were waiting @ the same place for the 3rd time after the dip down from current dly hi - 5min pot rbs becomes 5min pot supp ...it's been that type of day re a pretty straight line move up so far.

Can the bulls sustain it though @ 176% 30day adr, and 186% of 13wk awr already traveled?

5min below
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Trader with an Edge.
  • #858,182
  • Apr 11, 2025 5:30am Apr 11, 2025 5:30am
good day GU traders, limit sell order @1.2972 was filled yesterday now holding 5 short positions from 1.2877, 1.2927, 1.3033, 1.2849, and 1.2972. Reinstated limit sell order @1.3223, with GTC limit buy order @1.2487 for 6 positions. Silver Stock position AG GTC limit buy order, has not filled but is still active @4.85, still holding unleveraged XRP as the "long shot" strategy. Good luck today, this is a one tweet market environment. Daily bars, small positions
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"The Rich Never Pay Retail"
  • #858,183
  • Apr 11, 2025 5:38am Apr 11, 2025 5:38am
...price has given back over 38.2% (approaching 50%) of the last 1hr lo-hi swing up, in the dip down so far from current dly hi. 10 x consec gmt+2hrs 4hr bullish-bodied closes now. What will this one be @ 1pm GMT? Likely some profit taking re the run-up?

1hr below
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Trader with an Edge.
  • #858,184
  • Apr 11, 2025 5:44am Apr 11, 2025 5:44am
Quoting Moty
it's like i am putting all those indicator to take the opposite so so stupit {image}
I have noticed you post in the Gold Thread.

What is more easy to trade, GBPUSD or XAUUSD?
  • #858,185
  • Apr 11, 2025 5:48am Apr 11, 2025 5:48am
Quoting teprewitt23
good day GU traders, limit sell order @1.2972 was filled yesterday now holding 5 short positions from 1.2877, 1.2927, 1.3033, 1.2849, and 1.2972. Reinstated limit sell order @1.3223, with GTC limit buy order @1.2487 for 6 positions. Silver Stock position AG GTC limit buy order, has not filled but is still active @4.85, still holding unleveraged XRP as the "long shot" strategy. Good luck today, this is a one tweet market environment. Daily bars, small positions {image}
Do you really see GU getting to 1.24 from your analysis?
  • #858,186
  • Apr 11, 2025 5:57am Apr 11, 2025 5:57am
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yes yes yes
  • #858,187
  • Apr 11, 2025 5:57am Apr 11, 2025 5:57am
GU
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https://x.com/moneyprinte
  • #858,188
  • Apr 11, 2025 5:58am Apr 11, 2025 5:58am
... a look at how the wkly candle is shaping up so far, - it looks like it could bullishly engulf the last 4 on that t/f? We'll know @ the close.

wkly below
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Trader with an Edge.
  • #858,189
  • Apr 11, 2025 6:02am Apr 11, 2025 6:02am
Short in at 1.3074
Don't trade what you think. Just what you see!!!
  • #858,190
  • Apr 11, 2025 6:09am Apr 11, 2025 6:09am
95 pip retracement for further upside ?
  • #858,191
  • Apr 11, 2025 6:14am Apr 11, 2025 6:14am
Quoting Mitiblotch
just sold EU at 1381. SL 1500. TP 1.1200. It's do or die now
Out of this with some +24 pips. Now long here at 1.1357. TP 1.1500. It's crazy days!!!

EU took out its top from a few days ago and ran almost 200 pips above it. GU is yet to even touch 3200. It should and will. Only heaven knows where EU might be then. Mobthly R3 for EU is 1616. Maybe that's the target?
  • #858,192
  • Apr 11, 2025 6:31am Apr 11, 2025 6:31am
Quoting Moty
enough is enough mf you squeezed it way too much {image}
Quoting sharingan9
{quote} Wow. what a drop down to monthly middle pivot. Normally I dont long at middle pivots as I prefer to long a monthly S levels below monthly middle pivot however I am seeing a potential long set up if price does not reach or at least does not go too far below Daily S1 and closes above the monthly middle pivot in at current H4 candle close and moves above H1 middle pivot/H4middle pivot in the next 4 hour period at which point I will take the long back to the monthly R levels.
Big Hammmeeerrr. Though as I mentioned earlier I was anticipating price bouncing from those monthly middle pivot and monthly mS1 support areas where I went long to back up to the monthly R levels where I originally shorted. Worked out well. Full circle.(although first long was unsuccessful as I relied on weak monthly middle pivot but 2nd long at monthly support pivot below the monthly middle pivot did well).

Auction theory can become quite adept at predicting turning points. So artful. Very Yin Yang. Pivots which are the interpretation aspect in auction theory are turning points after all. Ive pretty much had GU figured out these few weeks although I shoulda held that GU longer until it hit the monthly R levels again as originally planned. With the other trades I was managing I forgot that was the original plan for GU lol

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  • #858,193
  • Apr 11, 2025 6:52am Apr 11, 2025 6:52am
Whilst in GJ 187 is a resistance
Insane in the Brain..
  • #858,194
  • Apr 11, 2025 7:00am Apr 11, 2025 7:00am
Checking usdx , breaks out upside and likely bounce after fill confirmation great bear but at a demand zone
Watching eurusd breaks 1320 for bottom play
Gbpusd little different but should as per if so!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #858,195
  • Apr 11, 2025 7:02am Apr 11, 2025 7:02am
Gbp/Usd 11-Apr 2025

The GBP/USD currency pair has recently shown signs of strength, trading above the 1.30 level. This movement appears to be influenced by a weaker US dollar, which may be attributed to ongoing trade tensions and lower-than-expected US inflation data released yesterday. Additionally, UK GDP figures came in above market forecasts, potentially supporting the pound.

Looking ahead, upcoming US data releases—including PPI, Consumer Sentiment, and Inflation Expectations—may introduce market volatility and impact USD-related pairs.
Possible Price Scenarios (Not Financial Advice):

• If the price revisits the 1.30 level and shows signs of support, this may indicate reduced selling pressure, with a potential move toward the 1.32 level if buying interest returns.

• A move above 1.325—possibly supported by lower-than-expected PPI data—could open the door for a continuation toward the 1.343 region.

• Conversely, if the price breaks below the 1.30 level, the 1.277 area may serve as the next level of interest, where buying activity could potentially emerge.

• Should bearish momentum continue past 1.272, the 1.25 level might become the next key area to monitor for possible price reactions.

Chart Below

Gbp/Usd 11-Apr 2025 for EASYMARKETS:GBPUSD by easyMarkets — TradingView

Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
  • #858,196
  • Apr 11, 2025 7:03am Apr 11, 2025 7:03am
Quoting Jackoboms
{quote} Do you really see GU getting to 1.24 from your analysis?
yes, even though it seems unlikely in the current environment. the positions are small, which enables compliance to the trading theory that is being implemented. IMHE there is very good probably the 1.25 level will be retested due to some unforeseen catalyst. when this level is revisited there is a very high probability of strong sustained buying. this type of PA happens with regularity in this pair. good fortune with your trading.
"The Rich Never Pay Retail"
  • #858,197
  • Apr 11, 2025 7:12am Apr 11, 2025 7:12am
Here we go again
  • #858,198
  • Apr 11, 2025 7:17am Apr 11, 2025 7:17am
Quoting easyMarkets
Gbp/Usd 11-Apr 2025 The GBP/USD currency pair has recently shown signs of strength,
  • #858,199
  • Apr 11, 2025 7:58am Apr 11, 2025 7:58am
Looks like closing another bullish 4HR
  • #858,200
  • Apr 11, 2025 8:03am Apr 11, 2025 8:03am
Quoting MrFanciful
Looks like closing another bullish 4HR

I had the 11th consecutive 4hr candle close on the gmt+2hrs price feed just over 1hr ago. Lol!

4hr below
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Trader with an Edge.
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