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Cable Update (GBPUSD)

  • #860,041
  • May 20, 2025 4:48am May 20, 2025 4:48am
looking for this lows being swept and possibly the highs marked in red
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  • #860,042
  • May 20, 2025 4:53am May 20, 2025 4:53am
Quoting palpite
{quote} {image}
Better to wait a litle moree.
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #860,043
  • May 20, 2025 5:08am May 20, 2025 5:08am
Quoting BeeTogether
Switched to short gold at 3233
Don t try to short gold before 3350, that is my advice to you.
I have longs targeting there.
I only follow traders with IQ above 160
Challenge Tour All Time Return: 6,604.6%
  • #860,044
  • May 20, 2025 5:12am May 20, 2025 5:12am
For 20 pips
13 pips sl
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yes yes yes
  • #860,045
  • May 20, 2025 5:17am May 20, 2025 5:17am
Quoting Sammih
{quote} last long won. Long again but in the red {image}
last long lost. in another long
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I'm high on trading, cant you tell?
  • #860,046
  • May 20, 2025 5:17am May 20, 2025 5:17am
Quoting alvink
looking for this lows being swept and possibly the highs marked in red {image}
Just seeing this. The lows will indeed be swept. But I believe the highs will still be targeted.
  • #860,047
  • May 20, 2025 5:24am May 20, 2025 5:24am
Quoting Yngwie
1st 1.3335 2nd 1.3305
1st target done
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #860,048
  • May 20, 2025 5:28am May 20, 2025 5:28am
Yes
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yes yes yes
  • #860,049
  • May 20, 2025 5:31am May 20, 2025 5:31am
Quoting Abeylyn
GBP/USD UPDATE 20TH MAY, 2025. 4 hour trend is Buy. Already in a Buy position from 1.3365 Stoploss at 1.3340. Take profit at 1.3425, 1.3440 and 1.3460.. {image} {image}
Closed @ Break even.

Can anybody explain reasons why 3396 is powerful ?

Thanks.
Market Structure is the King.....
  • #860,050
  • May 20, 2025 5:38am May 20, 2025 5:38am
Quoting Abeylyn
{quote} Closed @ Break even. Can anybody explain reasons why 3396 is powerful ? Thanks.
extension of last swing low
I only follow traders with IQ above 160
Challenge Tour All Time Return: 6,604.6%
  • #860,051
  • May 20, 2025 5:38am May 20, 2025 5:38am
Quoting palpite
{quote} Better to wait a litle moree. {image}
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Together we can be strongest
Vantage Return This Month: -97.0%
  • #860,052
  • May 20, 2025 5:39am May 20, 2025 5:39am
Quoting Mitiblotch
{quote} Just seeing this. The lows will indeed be swept. But I believe the highs will still be targeted.
Yeah, am also bullish. Those lows being swept could be key for expecting the high being swept as large traders will be able to get sell orders for them to take longs, i am looking for a reversal pattern before taking any longs, what about you?
  • #860,053
  • May 20, 2025 5:48am May 20, 2025 5:48am
Just took a look at the monthly chart and I'm a bit double-minded wether bulls can indeed immediately break 3400-3450 area. Any thoughts on the monthly?
  • #860,054
  • May 20, 2025 5:49am May 20, 2025 5:49am
Quoting Moty
Yes {image}
This is what i said about to open the trades using levels, for with level above you can open 1 trade with 0,01 lot. But it just work with metatrader 4.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #860,055
  • May 20, 2025 5:50am May 20, 2025 5:50am
Quoting alvink
{quote} Yeah, am also bullish. Those lows being swept could be key for expecting the high being swept as large traders will be able to get sell orders for them to take longs, i am looking for a reversal pattern before taking any longs, what about you?
I closed my longs and sold for a sweep of that lower just for 10 pips which I got. Now no trades on. The monthly makes me feel the top is in temporarily, while the underlying bullish trend makes me still believe bulls have the upper hand. So right now I'm staying away.
  • #860,056
  • May 20, 2025 6:08am May 20, 2025 6:08am
Quoting Moty
Yes {image}
3250
Like me, cuts losses quickly. But has more patience and lets his winn
  • #860,057
  • May 20, 2025 6:09am May 20, 2025 6:09am
Resistance Zones

  1. 1.34440 – Strong resistance zone; price has reversed from here previously.
  2. 1.34093 – Another resistance formed from a recent swing high; acted as a supply zone.
  3. 1.33448 – Most immediate resistance, price has reacted recently from this level.

Support Zones

  1. 1.33328 – Immediate support; price is currently testing this level.
  2. 1.32505 – Stronger historical support; previous demand area.

Price Action Observation

  1. The price recently rejected from the 1.34093–1.34440 resistance cluster, indicating strong selling pressure from that area.
  2. After failing to sustain above 1.33448, the market has now dropped down and is currently testing the 1.33328 support zone.
  3. The candlestick at 1.33368 looks like a bearish candle with body closing near the lows, showing strong momentum downwards.

Key Patterns and Bias

  1. Lower High Formation after hitting resistance suggests possible short-term bearish bias.
  2. If price breaks below 1.33328, the next likely support target is 1.32505.
  3. However, if price holds at 1.33328 and forms a bullish rejection (like a hammer or bullish engulfing), we might see a retest of 1.33448 or even 1.34093.

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  • #860,058
  • May 20, 2025 6:11am May 20, 2025 6:11am
Couldnt get decent entry on GU. Long UJ though. Seems to be on the rise to 145.269
  • #860,059
  • May 20, 2025 6:24am May 20, 2025 6:24am
Let's go mister caddy
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yes yes yes
  • #860,060
  • Edited 8:57am May 20, 2025 6:40am | Edited 8:57am
Quoting fontu
Looks pullback to decide next. 3339/31 and 3303. Similarly breaks and hold breakout down 1243 for 1219 to 1210 pullback eurusd too! Possible Gbpusd signal break out first , now eurusd to signal next ! {image} {image} {image}
Done ok but waiting more ! Gbpusd hit the support and bounce , so waiting limit 3354 for further down if !
More to do with eurusd to have this support !

Limits up broken smoothly in try bull bul play but after top failure , ok next top failure signal for gbpusd intact and respected here at least 3332 , watching
So signal again with eurusd pullback to bear back if!


3361 breaking should target below 4354 to 3347 and previous low 3334 !
While for eurusd needs now 12 52 breaks and hold

Ok eurusd going signal at 1252 for not more below 1243 to below 36 play now ! Still something happing for 25 to 20 pips , while gbpusd need 3356 retest and breaks
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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