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Cable Update (GBPUSD)

  • #859,201
  • May 6, 2025 5:26pm May 6, 2025 5:26pm
Oh damn, Gold tanked, and pulled everything else along with it. I can now go to bed .
Attached Image (click to enlarge)
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  • #859,202
  • May 6, 2025 6:18pm May 6, 2025 6:18pm
All closed, Gold hit 3380.00 TP. More risk longs in the EU session.
  • #859,203
  • May 6, 2025 7:48pm May 6, 2025 7:48pm
Went long Gold again @ 3365.00, TP yesterdays high.
  • #859,204
  • May 6, 2025 9:03pm May 6, 2025 9:03pm
Quoting Mitiblotch
{quote} Update to chart: Price moving according to plan. For sellers, if price breaks that blue resistance line of tentative right shoulder, please run away! {image}
Waiting For 1.3460
Like me, cuts losses quickly. But has more patience and lets his winn
  • #859,205
  • May 6, 2025 10:53pm May 6, 2025 10:53pm
GBP/USD Short Setup Analysis – May 7, 2025
The 15-minute chart of GBP/USD shows a potential bearish setup forming after a clear market structure shift (MSS). Price recently formed a local top and has since failed to make new highs, indicating potential exhaustion from buyers.
Key Observations:

  1. Top Zone: The recent bullish rally reached a supply zone (marked in green), which rejected price strongly.
  2. Market Structure Shift (MSS): The break below the previous higher low confirms a bearish shift in structure.
  3. Lower High Formation: Price is currently consolidating and forming potential lower highs beneath the MSS zone, suggesting seller interest is increasing.

Forecast:
A bearish scenario is mapped out with blue arrows, showing:

  1. A minor bullish pullback to retest previous support-turned-resistance.
  2. Rejection and continuation of the downtrend.
  3. Price targeting the green demand zone around 1.32700–1.32600, which could act as a strong support for potential reversal or further price reaction.

Strategy:

  1. Entry Idea: Short position near the MSS retest.
  2. Target: Green demand zone around 1.32700.
  3. Stop Loss: Above recent swing high (top zone), ensuring room for volatility.

This setup aligns with smart money concepts and supply-demand dynamics, making it a compelling watch for day traders.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2025-05-07_09-18-48.png Size: 39 KB
  • #859,206
  • Edited May 7, 2025 5:16am May 6, 2025 10:58pm | Edited May 7, 2025 5:16am
Limit down broken for this leg up , may enough crazy play done and waiting breaks down for good correction!
Above 3388 to see if failing soon!
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #859,207
  • May 7, 2025 12:07am May 7, 2025 12:07am
possible shortday,
Attached Image (click to enlarge)
Click to Enlarge Name: shortsday.png Size: 20 KB
trading is like dancing, don't think and just listen to the music!
  • #859,208
  • May 7, 2025 12:38am May 7, 2025 12:38am
Quoting birdland
possible shortday, {image}
could be an interesting day. Fed looking to keep rates the same but if they print a dovish picture then we could see a rise up beyond 134 towards the years highs. BoE tomorrow are expected to cut rates tomorrow which should bring it back down to today’s levels. Expecting some sort of getting burnt on both hands scenario today and tomorrow
Insane in the Brain..
  • #859,209
  • May 7, 2025 1:14am May 7, 2025 1:14am
Quoting BeeTogether
{quote} could be an interesting day. Fed looking to keep rates the same but if they print a dovish picture then we could see a rise up beyond 134 towards the years highs. BoE tomorrow are expected to cut rates tomorrow which should bring it back down to today’s levels. Expecting some sort of getting burnt on both hands scenario today and tomorrow

yes, the high above 1.3400 is very important.

longterm i see this high will be taken out.

As a trader, I don't want to hold on to it if things turn out differently;-)
trading is like dancing, don't think and just listen to the music!
  • #859,210
  • Edited 2:45am May 7, 2025 1:38am | Edited 2:45am
short scalping only at place , so now waiting for below 3348 to 41 leg

so finish the job perfect now rest to see if bounce !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 14 KB
Click to Enlarge Name: EURUSDM1.png Size: 10 KB
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Click to Enlarge Name: GBPUSDM11.png Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #859,211
  • May 7, 2025 1:53am May 7, 2025 1:53am
Quoting birdland
{quote} yes, the high above 1.3400 is very important. longterm i see this high will be taken out. As a trader, I don't want to hold on to it if things turn out differently;-)
agree the long term is a higher however the rise we’ve seen may cause a hammer blow if something out of the norm happens.
Insane in the Brain..
  • #859,212
  • May 7, 2025 2:23am May 7, 2025 2:23am
the blue support zone could become somewhat of an obstacle for shorts
Attached Image (click to enlarge)
Click to Enlarge Name: shortsday.png Size: 19 KB
trading is like dancing, don't think and just listen to the music!
  • #859,213
  • May 7, 2025 2:26am May 7, 2025 2:26am
Quoting BeeTogether
{quote} could be an interesting day. Fed looking to keep rates the same but if they print a dovish picture then we could see a rise up beyond 134 towards the years highs. BoE tomorrow are expected to cut rates tomorrow which should bring it back down to today’s levels. Expecting some sort of getting burnt on both hands scenario today and tomorrow
Yeah. It's an adrenaline junk kind of thing. I think BoE might rest whatever happens today. But then I don't trust this market. They can decide to interpret BoE cutting rates as a good thing
  • #859,214
  • Edited 4:14am May 7, 2025 3:10am | Edited 4:14am
watching for a breaks down 3340 and hold if to proceed here short . take care

so going good all , eurusd. gbpusd and gold
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 10 KB
Click to Enlarge Name: GOLDM15.png Size: 12 KB
Click to Enlarge Name: EURUSDM52.png Size: 11 KB
Click to Enlarge Name: GBPUSDM52.png Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #859,215
  • May 7, 2025 3:41am May 7, 2025 3:41am
Quoting Mitiblotch
{quote} Yeah. It's an adrenaline junk kind of thing. I think BoE might rest whatever happens today. But then I don't trust this market. They can decide to interpret BoE cutting rates as a good thing
True story, if you think about it, that's exactly what happens. The market will view BoE as having done enough to bring inflation under conrol, whilst the FED still has work to do...dot dot dot plot and all
  • #859,216
  • May 7, 2025 4:06am May 7, 2025 4:06am
Net sell GBPUSD like EURUSD
  • #859,217
  • May 7, 2025 4:08am May 7, 2025 4:08am
And back to 1.33 we go again
  • #859,218
  • May 7, 2025 4:13am May 7, 2025 4:13am
Long 1.3327 SL 1.3317
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,219
  • May 7, 2025 4:57am May 7, 2025 4:57am
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yes yes yes
  • #859,220
  • May 7, 2025 4:59am May 7, 2025 4:59am
Attached Image (click to enlarge)
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