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Cable Update (GBPUSD)

  • #859,261
  • May 7, 2025 2:35pm May 7, 2025 2:35pm
Nothing yet, just ranging.
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  • #859,262
  • May 7, 2025 2:35pm May 7, 2025 2:35pm
Then BoE tomorrow. 3400 and above or 3162.
  • #859,263
  • May 7, 2025 2:41pm May 7, 2025 2:41pm
Powell said no rate cuts yet. BoE will cut by 25 bps tomorrow. When that happens, I think gbpusd going to 1.30 around that price or maybe lower.
  • #859,264
  • May 7, 2025 2:51pm May 7, 2025 2:51pm
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yes yes yes
  • #859,265
  • May 7, 2025 4:10pm May 7, 2025 4:10pm
GBPUSD medium term trend has changed to downside.

Possibility of Asian session slight upward move cannot be overruled before price will continue it's downward move...
Market Structure is the King.....
  • #859,266
  • May 7, 2025 5:12pm May 7, 2025 5:12pm
Quoting Abeylyn
GBPUSD medium term trend has changed to downside. Possibility of Asian session slight upward move cannot be overruled before price will continue it's downward move...
1.33351 is the level of interest to me.
I have sell limits set there.
Expecting 1.3150 - 1.3125 region as target.
  • #859,267
  • May 7, 2025 8:07pm May 7, 2025 8:07pm
Quoting pipcenturion
{quote} 1.33351 is the level of interest to me. I have sell limits set there. Expecting 1.3150 - 1.3125 region as target.
Yeah! the level is significant but price reaction at that level is much more important to me.. to avoid being slashed.

I will be patient to Sell at any region that will be set by price today. We have 3 different levels of interest for me but basically the one set by price exhaustion is key..

Have a nice pipping day buddy.
Market Structure is the King.....
  • #859,268
  • May 7, 2025 9:07pm May 7, 2025 9:07pm
What's the chances that Gold sellers fails at the exact same place? Well, that's what happened, and I politely helped myself to another $5 long. Here's my entries of yesterday, almost fully recovered. I only added 2 UJ shorts, and AUDCAD long. Gold had another ripper during Asia session.
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  • #859,269
  • May 7, 2025 11:30pm May 7, 2025 11:30pm
Quoting Abeylyn
GBPUSD medium term trend has changed to downside. Possibility of Asian session slight upward move cannot be overruled before price will continue it's downward move...
Scalp the Asian session for just 20 pips. Never knew it could be extra juicy.

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Market Structure is the King.....
  • #859,270
  • May 7, 2025 11:40pm May 7, 2025 11:40pm
Quoting Abeylyn
GBPUSD medium term trend has changed to downside. Possibility of Asian session slight upward move cannot be overruled before price will continue it's downward move...
The medium term trend is downward. So would be looking for an opportunity to Sell. However in opposite direction would be buyers prepared to crush my entries.

Can the current high inside 15min. chart represent the daily high ? I will be waiting to see signs that the current high is valid. Thereafter will Sell and hold for BOE release.

Its going to be risk reward game.

Have a nice pipping day friends and buddies.
Market Structure is the King.....
  • #859,271
  • May 7, 2025 11:59pm May 7, 2025 11:59pm
a lot of ADR has already been done in asia today, but i still expect a long day and space up to the red zone to 1.3370-80, hopefully before the BOE session.
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trading is like dancing, don't think and just listen to the music!
  • #859,272
  • May 8, 2025 1:15am May 8, 2025 1:15am
Quoting birdland
a lot of ADR has already been done in asia today, but i still expect a long day and space up to the red zone to 1.3370-80, hopefully before the BOE session. {image}
Friend,

You are among traders waiting in opposite direction to crush me.

However, I will join you if market sentiment changes to the upside.

Have a nice pipping day.
Market Structure is the King.....
  • #859,273
  • May 8, 2025 1:22am May 8, 2025 1:22am
Quoting Abeylyn
{quote} Friend, You are among traders waiting in opposite direction to crush me. However, I will join you if market sentiment changes to the upside. Have a nice pipping day.

don't worry, i'm often wrong...and there's enough money for both sides;-)
trading is like dancing, don't think and just listen to the music!
  • #859,274
  • May 8, 2025 1:57am May 8, 2025 1:57am
Is Moty finally going to get his wish?
  • #859,275
  • May 8, 2025 2:12am May 8, 2025 2:12am
Long 1.3268
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,276
  • May 8, 2025 2:25am May 8, 2025 2:25am
Shorting here. Looks weak
  • #859,277
  • May 8, 2025 2:38am May 8, 2025 2:38am
I suppose the question is, will the dollar sellers step back in now that the DXY broke above 100, or will they wait for a deeper move?
  • #859,278
  • May 8, 2025 2:43am May 8, 2025 2:43am
Awaiting set up ready to pull the trigger!
Don't trade what you think. Just what you see!!!
  • #859,279
  • May 8, 2025 2:46am May 8, 2025 2:46am
Quoting MrFanciful
Is Moty finally going to get his wish?
What wish would that be?
  • #859,280
  • May 8, 2025 2:49am May 8, 2025 2:49am
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