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Cable Update (GBPUSD)

  • #861,201
  • Jun 10, 2025 12:33am Jun 10, 2025 12:33am
GBP getting beat like a rented mule
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It takes a lot for me to IGNORE you, but you can try.
  • #861,202
  • Jun 10, 2025 12:36am Jun 10, 2025 12:36am
I noticed that by putting the circle it gives me the same level of support as the channel...here it should stop and here it stopped...for now
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  • #861,203
  • Jun 10, 2025 12:37am Jun 10, 2025 12:37am
Buy Stop Triggered @ 1.34650 sl 20 tp 45
Keep the Lights on then you can catch the rise from the dark.
  • #861,204
  • Jun 10, 2025 12:45am Jun 10, 2025 12:45am
Gold rejected 3300 again, maybe a move towards 3350 this week
Insane in the Brain..
  • #861,205
  • Jun 10, 2025 12:47am Jun 10, 2025 12:47am
Quoting carbonmimeti
normally the 2 day cycle is the most evident and easiest to spot but in this case the trading range made it invisible for a few days until June 6th...from June 6th it became visible again as well as its daily sub-cycle
The 6th June you mentioned about was clears as daylight, but weekend activity was fooling the MASS with the usual FAKIE
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #861,206
  • Jun 10, 2025 12:48am Jun 10, 2025 12:48am
Quoting Moty
{image}
yes
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yes yes yes
  • #861,207
  • Jun 10, 2025 12:49am Jun 10, 2025 12:49am
Quoting msqk
{quote} The 6th June you mentioned about was clears as daylight, but weekend activity was fooling the MASS with the usual FAKIE {image}
obviously I speak of trading days not calendar days...time always flows...it doesn't care about the masses
  • #861,208
  • Jun 10, 2025 12:50am Jun 10, 2025 12:50am
ftse 100 skyrocketing forget to go long pound for now
chaos is just unknown order
  • #861,209
  • Jun 10, 2025 12:50am Jun 10, 2025 12:50am
Quoting Abeylyn
{quote} So surprised, refused to give me opportunity to Short. What a fast move...
Easy 1.3170 This June... any rise is a sell opportunity.
Data + Stat + Risk/Emotions Management
  • #861,210
  • Jun 10, 2025 12:50am Jun 10, 2025 12:50am
I expect more selling pressure on the GBP when London opens. Data hasn't been good and I expect more dumping when London opens. Having said that, I do not expect the USD to be very stable (strength-wise), so I think the gameplan would be to remain cautiously short. Trump will also be speaking in about 12 hours time which can easily turn everything topsy-turvy. Then tomorrow we have US CPI data which will most definitely have a huge impact.

I am on the sidelines at the moment, but looking to sell any rallies. Also looking for buy entries on GBP/JPY (194.50).

What's everyone else's thoughts? Much appreciated, thank you.
  • #861,211
  • Jun 10, 2025 12:55am Jun 10, 2025 12:55am
Quoting carbonmimeti
I noticed that by putting the circle it gives me the same level of support as the channel...here it should stop and here it stopped...for now {image}
Some clarity on this kind of perspective is churning out clearly from the little that i have, KEEP UP THAT GENEROSITY
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #861,212
  • Jun 10, 2025 12:57am Jun 10, 2025 12:57am
Quoting BeeTogether
Gold rejected 3300 again, maybe a move towards 3350 this week
slightly SHORT bias for me
  • #861,213
  • Edited 1:27am Jun 10, 2025 1:02am | Edited 1:27am
Quoting Waveskierrob
{quote} slightly SHORT bias for me
its dithering between 3330-3320 good for infra day scalping. I’m looking for a break above 3340 then either take a slight hit and go short or if the trend is a strong up ride it towards 3360-3400
Insane in the Brain..
  • #861,214
  • Jun 10, 2025 1:07am Jun 10, 2025 1:07am
Quoting Georginson
{quote} Easy 1.3170 This June... any rise is a sell opportunity.
Can you put up a chart for further explanation ?

Thanks bro.
Market Structure is the King.....
  • #861,215
  • Jun 10, 2025 1:08am Jun 10, 2025 1:08am
Quoting msqk
{quote} Some clarity on this kind of perspective is churning out clearly from the little that i have, KEEP UP THAT GENEROSITY
I'm reposting for you the daily graph I posted 4 days ago...the circle gives me the TIME or the price depending on where I position the radius...in this case radius gives Timing of inversion
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  • #861,216
  • Jun 10, 2025 1:11am Jun 10, 2025 1:11am
Hello everyone! A descending channel has formed on the GBPUSD pair on the H1 timeframe. Now the price has approached its lower border. I am considering short-term purchases from this border with the target of the resistance level of 1.3516.
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  • #861,217
  • Jun 10, 2025 1:17am Jun 10, 2025 1:17am
Quoting Jeks
Hello everyone! A descending channel has formed on the GBPUSD pair on the H1 timeframe. Now the price has approached its lower border. I am considering short-term purchases from this border with the target of the resistance level of 1.3516. {image}
Only Short for me.
Market Structure is the King.....
  • #861,218
  • Jun 10, 2025 1:24am Jun 10, 2025 1:24am
Quoting carbonmimeti
I noticed that by putting the circle it gives me the same level of support as the channel...here it should stop and here it stopped...for now {image}
from post 861204....(H1 chart)
here update on 5 min chart...rebound in progress -----
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  • #861,219
  • Jun 10, 2025 1:31am Jun 10, 2025 1:31am
Quoting BeeTogether
{quote} its dithering between 3330-3320 good for infra day scalping. I’m looking for a break above 3340 then either take a slight hit and go short or if the trend is a strong up ride it towards 3360-3400
little bias LONG now, could do this all day ...oh yea I do...
  • #861,220
  • Jun 10, 2025 1:47am Jun 10, 2025 1:47am
Quoting Georginson
{quote} Easy 1.3170 This June... any rise is a sell opportunity.
Yeah, June or July could drop
Always follow your own shit
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