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Cable Update (GBPUSD)

  • #860,741
  • May 30, 2025 7:53am May 30, 2025 7:53am
Quoting Abeylyn
{quote} Buddy, I will wait and make entry at 2hr. candle close above 1.3493/95 though comes with higher Stoploss.
Next month's pivot should be 3400 plus/minus 20 pips. That's my cushion for any longs. I'm usually very futuristic with my trades, considering many variables. Let's see how it goes.
  • #860,742
  • May 30, 2025 8:11am May 30, 2025 8:11am
I have entered Buy from 1.3490 Stop 1.3450 (40pips)
It's a risky trade but potential of higher reward.

Let's see how it goes....
Market Structure is the King.....
  • #860,743
  • May 30, 2025 8:27am May 30, 2025 8:27am
i have seen this kind of clinical ping pong game between the bears @1.35000 and the Bull from 1.34500 tight 50 pip range. On the Contrary 1.35270/1.35000 playing a tough resistance zone as the supply line keeps intact
Keep the Lights on then you can catch the rise from the dark.
  • #860,744
  • May 30, 2025 8:29am May 30, 2025 8:29am
Gold doing my head in today too slow.. can’t keep over 3300 either
Insane in the Brain..
  • #860,745
  • May 30, 2025 8:37am May 30, 2025 8:37am
common Gu
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Keep the Lights on then you can catch the rise from the dark.
  • #860,746
  • May 30, 2025 8:46am May 30, 2025 8:46am
Quoting BeeTogether
Gold doing my head in today too slow.. can’t keep over 3300 either
Luckily I got out at 3305 but it was only luck...
  • #860,747
  • May 30, 2025 8:53am May 30, 2025 8:53am
Will buyers pressure it again or in normal Bears for the beer Friday. Waiting on reaction at 1.3445
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Keep the Lights on then you can catch the rise from the dark.
  • #860,748
  • May 30, 2025 9:00am May 30, 2025 9:00am
Quoting Abeylyn
I have entered Buy from 1.3490 Stop 1.3450 (40pips) It's a risky trade but potential of higher reward. Let's see how it goes....

Stoploss hit

Return back yesterday's profit.
Market Structure is the King.....
  • #860,749
  • May 30, 2025 9:06am May 30, 2025 9:06am
history repeated
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yes yes yes
  • #860,750
  • May 30, 2025 10:05am May 30, 2025 10:05am
Quoting BeeTogether
{quote} good man! I’m still waiting for a move up

I don’t see buyers on gold until near 3100 and 3000 zone that where I see supports. Can be wrong
MY OPINION NOT FINANCIAL ADVISE
  • #860,751
  • May 30, 2025 10:08am May 30, 2025 10:08am
Quoting donfriday
{quote} I don’t see buyers on gold until near 3100 and 3000 zone that where I see supports. Can be wrong
Your opinion on GU ?
Market Structure is the King.....
  • #860,752
  • May 30, 2025 10:19am May 30, 2025 10:19am
Quoting Mitiblotch
{quote} Next month's pivot should be 3400 plus/minus 20 pips. That's my cushion for any longs. I'm usually very futuristic with my trades, considering many variables. Let's see how it goes.
I think we are on the right track. My entry price and stop was faulty..

It more likely to touch d weekly high... Market always give fantastic pips with entry from these zone.

It's a matter of being patient....
Market Structure is the King.....
  • #860,753
  • May 30, 2025 10:25am May 30, 2025 10:25am
Quoting Abeylyn
{quote} Your opinion on GU ?

the drop 1.3590 was sharp that mean heavy selling is going on I’ll wait for a cool off toward 1.3375 for a buy setup


1.3750 will be very crucial level
MY OPINION NOT FINANCIAL ADVISE
  • #860,754
  • May 30, 2025 11:24am May 30, 2025 11:24am
Quoting msqk
{quote} cancelled sell limit at 3496 tp this week low at 3415, as we wrap up the month
The entry was on point, but the TP is somehow ???? with weekend ahead, meanwhile my proxies equilibriums are at per, @ 3463
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #860,755
  • May 30, 2025 11:44am May 30, 2025 11:44am
Quoting Bflyfx
{quote} it's too easy!
I had a very nice laugh on you when my Gold sell hit target earlier .
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  • #860,756
  • May 30, 2025 4:40pm May 30, 2025 4:40pm
that’s a juicy weekly candle
Leave Israel alone and Palestine will be free
  • #860,757
  • May 31, 2025 3:40am May 31, 2025 3:40am
Now that all the drama has gone so has the footfall....
  • #860,758
  • May 31, 2025 5:31am May 31, 2025 5:31am
the weekly is not clear,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #860,759
  • Edited 3:17pm May 31, 2025 5:58am | Edited 3:17pm
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would have to open bullish

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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #860,760
  • May 31, 2025 5:58am May 31, 2025 5:58am
... the example below is what you call resistance!

B encounters SBR @ A, a prev sw lo zone = pot sbr, (forms a new prev sw hi zone = pot res,) -then- C encounters Res @ B, (forms a new prev sw hi zone = pot res,) -then- D encounters Res @ C, (forms a new prev sw hi zone = pot res,) -then- E encounters Res @ D, (forms a new prev sw hi zone = pot res.)
In each case supply came in @ the bottom of the zones.

That whole E - A area (zones) might be a challenge for the bulls on any upside rally to it?
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This week just closed saw price made it's wkly hi (3593) on the 1st day of the week (Monday - a U.s. and UK B/H,) then make an attempt to get north of it on Tuesday, but it was really pretty much down overall on Tues and Weds before the rally on Thurs and Asian session Fri, but again Fri closed down overall. Price closed the week within the body of the previous week's large bullish thrust candle.

4hr below
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