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Cable Update (GBPUSD)

  • #860,521
  • May 28, 2025 12:57am May 28, 2025 12:57am
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  • #860,522
  • May 28, 2025 1:00am May 28, 2025 1:00am
Long GU at 13480 TP open as always
Insane in the Brain..
  • #860,523
  • May 28, 2025 1:25am May 28, 2025 1:25am
Quoting Mitiblotch
Weekly pivot: 3450. June's tentative pivot: 3408 A sell here at 3500 should at least hit 3450. But I'll wait for a little spike to get a short in towards the weekly/new month's pivot.
Price went down as said but without giving me structural entry the way I wanted it. The last thing I will do is to sell here. Never, ever, ever! Next month's pivot may be around 3400. If price keeps going down from here (below 3500) I will look for buys at or below 3400.
  • #860,524
  • May 28, 2025 1:29am May 28, 2025 1:29am
Short GJ here at 194.59. TP 193.20.
  • #860,525
  • May 28, 2025 1:36am May 28, 2025 1:36am
GU heading to 1.3390s this week while EU to 1.1230
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #860,526
  • May 28, 2025 1:38am May 28, 2025 1:38am
very Risky Sell Entry @ 1.3483 Sl 12 Tp 1.3442
Keep the Lights on then you can catch the rise from the dark.
  • #860,527
  • May 28, 2025 1:40am May 28, 2025 1:40am
Quoting ChiForex
GU heading to 1.3390s this week while EU to 1.1230
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...keep saying it you'll be right sooner or later...
  • #860,528
  • May 28, 2025 1:52am May 28, 2025 1:52am
Quoting ricmaj
very Risky Sell Entry @ 1.3483 Sl 12 Tp 1.3442
Hnnnn.
Market Structure is the King.....
  • #860,529
  • May 28, 2025 2:22am May 28, 2025 2:22am
Quoting Yngwie
{quote} Hit SL. Long again 1.3463
Closed 32p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #860,530
  • May 28, 2025 2:45am May 28, 2025 2:45am
G/M, a bearish hammer y/day on the dly - makes for the current wk's hi @ 3593 as another HH now on that t/f. So far today - a downside follow thru on that dly candle as far as the prev 1hr/4hr/dly sw hi zone = prev rbs = pot rbs that starts @ 3464 where rbs/buy the dip demand was met. A couple of fibs there too.

Dly below
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Trader with an Edge.
  • #860,531
  • May 28, 2025 2:46am May 28, 2025 2:46am
...price challenging the prev 1hr/4hr sw lo zone = pot sbr @ y/day's lo right now, after the 1st downside b/o of it earlier, and bounce back up to it.

1hr below
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Trader with an Edge.
  • #860,532
  • May 28, 2025 2:47am May 28, 2025 2:47am
Quoting donfriday
pending buy {image}

entry triggered overnight


same plan
tp or sl
MY OPINION NOT FINANCIAL ADVISE
  • #860,533
  • May 28, 2025 2:53am May 28, 2025 2:53am
...the falling wedge on 1hr has been breached to the upside in the bounce up from asian lo/current dly lo. Asian hi is presently the current dly hi.
1st upside b/o of last wk's 3539 hi to 3593 current wkly hi, proves false.

1hr below
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Trader with an Edge.
  • #860,534
  • May 28, 2025 3:22am May 28, 2025 3:22am
If GU can stay over 135 then yesterdays high could be a viable area to revisit
Insane in the Brain..
  • #860,535
  • May 28, 2025 3:42am May 28, 2025 3:42am
...so, 1st downside b/o of y/day lo proves false, as price challenges a 5 fib cluster now. 1hr still in a general downtrend. All up re London session so far.

1hr below
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Trader with an Edge.
  • #860,536
  • May 28, 2025 4:02am May 28, 2025 4:02am
...gmt+3hrs price feed 4hr candle closes as a piercing pattern.

4hr below
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Trader with an Edge.
  • #860,537
  • May 28, 2025 4:19am May 28, 2025 4:19am
... the red circled area might be a fight for the bulls if challenged? It's been 'an area' 4 times now holding orders, - Res, then 2 x RBS, then 1 x SBR. 3 fib cluster in there too

1hr below
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Trader with an Edge.
  • #860,538
  • May 28, 2025 4:24am May 28, 2025 4:24am
4 down, 4 up.
False weekly break??
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Leave Israel alone and Palestine will be free
  • #860,539
  • May 28, 2025 4:28am May 28, 2025 4:28am
[quote=Wavegarrick;15257341]
Quoting bigiivan
{quote} Bigivan, A few things. Zooming into the daily chart. The likelihood of a retrace back to my weekly pivot (magenta line) at 1.34441 is good. A bounce from there to 1.38843 is likely. Having said. A weekly close and more importantly a monthly close above 1.35425 is needed for further up moves. A weekly close below 1.35425 should see a deeper retrace. For now, I wait. Cheers. {image}
Your analysis and insights are excellent.
a great contributor with specific information we can consider
Leave Israel alone and Palestine will be free
  • #860,540
  • May 28, 2025 4:32am May 28, 2025 4:32am
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Just recovered my loss and some profit to cover my weekly allowance.

I bought from 1.3464 and closed at 1.3510 using my friend Yngwie Strategy.

This is not my own way but needed it as survival tool.

Thanks Yngwie and all open minded guys on this thread.

Price has already fallen into range inside 1 hour chart with Intraday low as the base for Buyers.

Have a nice pipping day all and be careful.
Market Structure is the King.....
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