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Cable Update (GBPUSD)

  • #859,541
  • Edited 3:35am May 13, 2025 3:21am | Edited 3:35am
G/M. All up so far today after y/day's bearish > 30day adr dly candle met rbs demand in the wide dly part of the prev 1hr/4hr/dly sw hi zone= pot rbs that started @ 3208. Also @ y/day's lo a separate prev 1hr/4hr sw hi then lo zone = prev supp = pot supp from early-ish in April. Bulls struggling right now @ a prev 1hr/4hr sw lo zone = pot sbr (starting @ last wk's 3211/12 lo,) & 3 fib cluster @ current dly hi, which is above the Asian hi. Asian lo is presently the current dly lo. 45% of 30day adr traveled so far today.

EDIT: typos.

Dly then 4hr/1hr below
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Trader with an Edge.
  • #859,542
  • May 13, 2025 3:29am May 13, 2025 3:29am
A somewhat really slow day today. UJ not being able to crack 148 and GU just about reclaiming 132.
Insane in the Brain..
  • #859,543
  • May 13, 2025 3:31am May 13, 2025 3:31am
Quoting Traderview
Whoever lost on Friday to bulls, Monday is your day. A possible leg down on Tuesday or Wednesday. I will share the chart and as well as update you as things progress forward.
I wish i had shared this yesterday. But better late than never.

Yesterday i took the short trades from 1.3288 ad closed it @1.32. I was expecting to hit 1.3142 by Tuesday. But a strong reaction happened.
Today's pullback above of 1.32 suggests that PA is still in bulls territory and rangebound around 1.32 - 1.33.

Some of you looking to short and losing capital unnecessarily to FOMO. If today is up then tomorrow is for bears.

1.3210 is a solid support for bulls. 1.3239 is nearby Resistance. PA is likely going to be pushed to test key prices 1.3239, 1.3251.

I will only gladly sell it @1.3268 or below of 1.3251.

1.3210 - 1.3240 This 30 pips zone is a killer zone. You will most liley going to lose to bulls more than bears. I'd wait until NY session and then look for a sell.

Just observe and wait.
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  • #859,544
  • Edited 5:49am May 13, 2025 3:48am | Edited 5:49am
3278 BEAR breakout is yet to be mitigated, so any short below 3270(my Current H4 equilibrium) might not be high enough IMHO.
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #859,545
  • May 13, 2025 4:04am May 13, 2025 4:04am
My higher timeframe bias is Bulish. Monthly might Flip and break above the key area.
There might be support on the weekly.

im more focused on Gold. I look at higher tiemframes in USD currency pairs to build a higher timeframe bias for the USD.
In the case i would say USD losing value and GBP/USD bullish. So Gold might be bullish once XXX/USD Pairs rise.

What do you guys think?
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  • #859,546
  • May 13, 2025 4:07am May 13, 2025 4:07am
For today i would guess the daily will close and flip bearish. But within this month i think its liekly that the monthly will turn bullish.
1k to 100k Copy Trading All Time Return: 367.9%
  • #859,547
  • May 13, 2025 4:10am May 13, 2025 4:10am
Simular for EUR/USD. I think from here the monthly can come back towards monthly open Price or flip Bullish.
So weaker USD and bullish for Gold.

Thats just a higher timeframe bias for the USD
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1k to 100k Copy Trading All Time Return: 367.9%
  • #859,548
  • May 13, 2025 5:04am May 13, 2025 5:04am
Out of UJ took 20 pips. Now let’s see where next possibly after data
Insane in the Brain..
  • #859,549
  • May 13, 2025 5:23am May 13, 2025 5:23am
Quoting Yngwie
Sold 1.3209 SL 1.3220
Loss -11p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,550
  • May 13, 2025 5:32am May 13, 2025 5:32am
Short UJ from the data being poor 14790
Insane in the Brain..
  • #859,551
  • May 13, 2025 5:51am May 13, 2025 5:51am
Sold again. 1.3240 SL 1.3255
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,552
  • May 13, 2025 5:51am May 13, 2025 5:51am
watching this keenly
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #859,553
  • May 13, 2025 5:56am May 13, 2025 5:56am
GU long at 13260 TP 133
Insane in the Brain..
  • #859,554
  • May 13, 2025 6:00am May 13, 2025 6:00am
Quoting Yngwie
Sold again. 1.3240 SL 1.3255
Close BE. Not Yet
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #859,555
  • May 13, 2025 6:06am May 13, 2025 6:06am
Quoting Traderview
{quote} I wish i had shared this yesterday. But better late than never. Yesterday i took the short trades from 1.3288 ad closed it @1.32. I was expecting to hit 1.3142 by Tuesday. But a strong reaction happened. Today's pullback above of 1.32 suggests that PA is still in bulls territory and rangebound around 1.32 - 1.33. Some of you looking to short and losing capital unnecessarily to FOMO. If today is up then tomorrow is for bears. 1.3210 is a solid support for bulls. 1.3239 is nearby Resistance. PA is likely going to be pushed to test key prices...
It’s either you sell it now or sell it @later 1.3268

choice is with you
  • #859,556
  • May 13, 2025 6:14am May 13, 2025 6:14am
Good Day All. Yesterday I did not make a single cent, I did not sell GU at all. I spent most of the day on price projections, looking for the optimal VAL/VAH on majors. I expected the DXY to fall, and EU, AU and NZ to join stocks higher. That was the playbook, and every single trade overnight was based on that playbook. Closing now as unforeseen travel came up.
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  • #859,557
  • May 13, 2025 6:31am May 13, 2025 6:31am
Short gu at the neckline
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yes yes yes
  • #859,558
  • May 13, 2025 6:31am May 13, 2025 6:31am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #859,559
  • May 13, 2025 6:41am May 13, 2025 6:41am
Come on
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yes yes yes
  • #859,560
  • Edited 7:32am May 13, 2025 6:43am | Edited 7:32am
Quoting Traderview
{quote} It’s either you sell it now or sell it @later 1.3268 choice is with you
Yes, same perspective from here though looking a little aggressive. I wish to know the trick to really doing it your way to avoid being bashed...

I will be looking for price reaction to take a Short from here which will definitely make my stop loss to be higher.
Market Structure is the King.....
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