Cable Update (GBPUSD)

Well, if the dollar wants it bad enough, it has to break out of this Weekly channel.

GBPUSD - H4

breaks down and now waiting for 3392 breaks and hold for 3343 and 3317 before next target 3250 if all ok! take care

Gu Buy @ 1.34019 sl 20 tp 60

Hawkish Fed helping DXY here. Geopolitical escalation effects seem to be waning.. gold at similar levels to last week before the move up towards 3400.

Hopefully the US doesn't get involved. If they do DXY might fly up hard. And gold back to the highs. I don't have a trade yet, as I don't see a trade currently.

Price-RSI divergence on the 30min chart. Maybe it should get price to hit daily pivot at 3433. If it hits this figure first before tsking out the current low, I'll probably go short to go hit the 4hr rising trendline.

closed long for now

E. and BP 5' --- Longed both here , NOW....................

GBPUSD UPDATE

I have been short from 1.3465. 75% already closed and 25% allowed to run set at breakeven.

Basically, GU is due for reversion to the center located at 1.3503/33 but the bears continued to show a strong strength.

My plan is to hold the existing short and play with the RED NEWS due to be released 12:00 GMT. Target take profit at 1.3300.


Wishing everyone a successful trading day.

The market has respected the 1.34948 ceiling with a sharp rejection, signaling that sellers are defending that level with conviction. Focus now shifts to the 1.33800 pivot zone, which acts as the last local support before price enters a steeper downside slope. If that level gives way, the structure could unravel quickly paving the way for a potential leg down toward the 1.3200 region, especially if sentiment aligns with risk-off flows or USD strength. This zone may define whether consolidation continues or a bearish continuation unfolds.

BoE failed to ignite gold nor did Fomc lets see if geopolitical situation helps push up to 3400

Gu Short @ 1.34336 sl 20 tp 60

Probably bulls stepping in for a while

added short 1.34477 sl15 tp 60

closed all shorts for the moment dont like the sight of the last 4hr candle

[quote=ricmaj;15282669]{quote} closed all shorts for the moment dont like the sight of the last 4hr candle[/quote

200 ema shows that the 4H close was good opportunity for short entry.., the 1H chart also confirming this, but lets see as awlays if im wrong

watching 3415 breaks and hold if . take care