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Cable Update (GBPUSD)

  • #859,301
  • May 8, 2025 4:21am May 8, 2025 4:21am
Quoting MrFanciful
I'm thinking at least 1.3250-55
Close enough
  • #859,302
  • May 8, 2025 4:23am May 8, 2025 4:23am
1.34000 is my manually calculated pivot. Since a 25bp cut was was already baked in, PA from here will be interresting.
  • #859,303
  • Edited 5:51am May 8, 2025 4:33am | Edited 5:51am
Quoting Mitiblotch
Looking at price I can see multiple bottoms at 3250. To me, there is a 95% chance they'll be taken out. Price should hit near 3210. I'm still holding a long trade but have a short trade to hit this TP just for the fun of it. Making money is fun, isn't it?
Well, price did take out 3250 but couldn't stay below for long. No joy for bears.
  • #859,304
  • May 8, 2025 4:55am May 8, 2025 4:55am
The pound now again in control of the daily. Literrally saying to the dollar, go play in the traffic.
  • #859,305
  • May 8, 2025 5:10am May 8, 2025 5:10am
Quoting MoneyPrinte
{quote} ouchh.. {image}
very painful
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https://x.com/moneyprinte
  • #859,306
  • May 8, 2025 5:12am May 8, 2025 5:12am
I for one, have not been a fan of today's price action.
False signals all over the place for me
  • #859,307
  • May 8, 2025 5:25am May 8, 2025 5:25am
Attached Image (click to enlarge)
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yes yes yes
  • #859,308
  • May 8, 2025 5:53am May 8, 2025 5:53am
If price cannot check 3162 monthly pivot then bears are in a serious dilemma.
  • #859,309
  • May 8, 2025 5:57am May 8, 2025 5:57am
Quoting Abeylyn
{quote} {image} Here is my 15 min. chart. Still waiting for an opportunity to go short... Hopefully achieved during news release. I have a Sell limit order @ 1.334x. That should equate a re-visit of the current upper zone. May also Short around 5618 1.3319/33 depending on price movement.
Now in GU Short 1.3328
Market Structure is the King.....
  • #859,310
  • May 8, 2025 6:00am May 8, 2025 6:00am
Quoting Abeylyn
{quote} Now in GU Short 1.3328

i would agree, it is now absolutely logical, support turned into resistance:
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #859,311
  • May 8, 2025 6:01am May 8, 2025 6:01am
BoE cut rate by 25 bps. Gbpusd is a sell.
  • #859,312
  • May 8, 2025 6:35am May 8, 2025 6:35am
3332 seems very strong
  • #859,313
  • May 8, 2025 6:37am May 8, 2025 6:37am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 45 KB
yes yes yes
  • #859,314
  • Edited 8:10am May 8, 2025 6:43am | Edited 8:10am
in the whole 1 h goes up,but can retrace and go up, this not for one day for 2-3 days.
i look one channel h1 taken 1.32650 bottom .h4 and this is dangerous not taken if look top.and it goes to the top . h4 top now 1.34435.and this is not taken from 7 apr.
on daily this channel taken.it can be taken crossed only two times,if it goes vertical.last time on daily down trend in november this channel taken two times on daily.they can repeat this history.on daily better go to 1.32 around it and after go to 1.36-37.
daily lets say 1.31500 better 1.31 2-3 candles and gu go up to comos.if look now
  • #859,315
  • May 8, 2025 8:22am May 8, 2025 8:22am
Deal is made. Good news. Gbpusd is bearish. Market bullish, Dollar bullish. Once they make a deal this weekend with China, market is bullish and dollar, and we can buy and make a lot of money.
Attached Image (click to enlarge)
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  • #859,316
  • May 8, 2025 8:36am May 8, 2025 8:36am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 37 KB
yes yes yes
  • #859,317
  • May 8, 2025 8:48am May 8, 2025 8:48am
Quoting ib1985ib
Deal is made. Good news. Gbpusd is bearish. Market bullish, Dollar bullish. Once they make a deal this weekend with China, market is bullish and dollar, and we can buy and make a lot of money. {image}
good call my friend
dx had broke up , the drop is coming at eu , gu and goldi
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yes yes yes
  • #859,318
  • May 8, 2025 8:59am May 8, 2025 8:59am
Quoting ib1985ib
Deal is made. Good news. Gbpusd is bearish. Market bullish, Dollar bullish. Once they make a deal this weekend with China, market is bullish and dollar, and we can buy and make a lot of money. {image}
i was long on gu and goldi
thanks to you i switched to short
Attached Image (click to enlarge)
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yes yes yes
  • #859,319
  • May 8, 2025 9:07am May 8, 2025 9:07am
Quoting ib1985ib
Deal is made. Good news. Gbpusd is bearish. Market bullish, Dollar bullish. Once they make a deal this weekend with China, market is bullish and dollar, and we can buy and make a lot of money. {image}
Deals with UK and China will be short lived, too much damage done already. The big boys are playing right now, and setting ppl up is their game.
  • #859,320
  • May 8, 2025 9:29am May 8, 2025 9:29am
Quoting Guy1969
{quote} Deals with UK and China will be short lived, too much damage done already. The big boys are playing right now, and setting ppl up is their game.
When GU can close a week below 3160 then I can clap for bears. For now it's all huff and puff. But if they give me 3160 I'll take it and buy it all up.
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