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Cable Update (GBPUSD)

  • #862,221
  • Jul 1, 2025 10:48am Jul 1, 2025 10:48am
Quoting Abeylyn
{quote} Looking at possibility of low forming around 1.3683/1.3708. This is a zone where reaction occur B4 price move to 1.3787. As a trend trader, I will still be looking at possibility of Buying since the Daily and 4 hour trend is still up and would be contending with Sellers Strength. If the low can hold then i will start looking for possibility of trend continuity.... Not in any trade for now. What are your own thoughts ?
Monthly pivot 3626. Buy with that in mind.
  • #862,222
  • Jul 1, 2025 10:57am Jul 1, 2025 10:57am
Took shorts from 1.37770, with 1.36616 as my current support. I’m keeping an eye on lower zones for possible bottom looking for signs of absorption or reversal below 1.366, possibly into the 1.36100 region before re-evaluating.
Keep the Lights on then you can catch the rise from the dark.
  • #862,223
  • Jul 1, 2025 10:58am Jul 1, 2025 10:58am
Quoting Abeylyn
{quote} Looking at possibility of low forming around 1.3683/1.3708. This is a zone where reaction occur B4 price move to 1.3787. As a trend trader, I will still be looking at possibility of Buying since the Daily and 4 hour trend is still up and would be contending with Sellers Strength. If the low can hold then i will start looking for possibility of trend continuity.... Not in any trade for now. What are your own thoughts ?
Took shorts from 1.37770, with 1.36616 as my current support. I’m keeping an eye on lower zones for possible bottom looking for signs of absorption or reversal below 1.366, possibly into the 1.36100 region before re-evaluating.
Keep the Lights on then you can catch the rise from the dark.
  • #862,224
  • Jul 1, 2025 11:02am Jul 1, 2025 11:02am
Quoting Mitiblotch
GU monthly pivot 3626. Do what it may, price will come back here or near it. It may want 38xx first. {image}
Based on the Weekly chart, 1.35400 -500 will be a significant zone, I expect the bulls to defend that zone, then onto 1.40600
  • #862,225
  • Jul 1, 2025 11:04am Jul 1, 2025 11:04am
better recheck as testing support
gbpusd testing pullback and round number and confirmation still far away 3673 and 3631. may wait next day for them. waiting 3704 breaks and hold
and eurusd needed now 1766 breakout level / channel low also breaks and hold, watching
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #862,226
  • Jul 1, 2025 11:05am Jul 1, 2025 11:05am
Quoting T721
{quote} {image}
Just a final update for this trade........ Hit both targets, While i would like to say i got the full move i didnt... i took profits @3345 and missed $13 extra...
Am i bovered, Hell no... i woulda been more pissed wi ma self if it hda dropped $10 and not banked.... I dont care about getting every fuckingpip, thats not my job. I just wanna get the balls of the move and it was decent money so i took it and ran likefuck all the way to the bank

PS.... for anycunt still struggling always look at the 00, 0, and 5 numbers (especially the 5s) Dont be a lazycunt go backtest
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  • #862,227
  • Jul 1, 2025 11:20am Jul 1, 2025 11:20am
Quoting ricmaj
{quote} Took shorts from 1.37770, with 1.36616 as my current support. I’m keeping an eye on lower zones for possible bottom looking for signs of absorption or reversal below 1.366, possibly into the 1.36100 region before re-evaluating.
Your entry at the top is excellent. I saw the footprint but I was too slow to react.

Yes, 1.3610/60 is also a valid point to watch for me but for now, I am looking at price reaction within this current context of 30 min/1 hr. framework. Thereafter, the main Support where you are waiting....

Sometimes swing low at this point may likely touch at least 0.500 of length from up or sometimes revisit the high.

Looking at the aggressive way of price drop, it is most likely that price will fall lower...

GBP/JPY seems to have a better opportunity for long term direction at the moment....

Wishing you good luck as we watch.
Market Structure is the King.....
  • #862,228
  • Jul 1, 2025 11:24am Jul 1, 2025 11:24am
Added some sells at PDH
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Trade what you see
  • #862,229
  • Jul 1, 2025 11:29am Jul 1, 2025 11:29am
Quoting ChiForex
Breaking & basing below 1.3690s and we're going to 1.3440s, while the € have an initial retrace to 1.1700s, break & basing below takes it toward 1.1440s, for this month both pairs...
not even a mention of his prediction 1.3220, just straight in the with 1.3440 then with his next post calls people clowns, you need to buy a mirror and take a hard long look at yourself, not being nasty, believe it or not I'm trying to help...
  • #862,230
  • Jul 1, 2025 11:31am Jul 1, 2025 11:31am
Today's low might be over and taking advantage of shaping the wick of daily candle,
3723 breakout is wrongly paced on my proxies, but on the flip side JUdas pattern that morphed from friday through monday,
might be the bears grip and liquidifying any bull attempt with range. waiting the unfolding
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #862,231
  • Jul 1, 2025 11:32am Jul 1, 2025 11:32am
sell limit 1.3745
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #862,232
  • Jul 1, 2025 11:48am Jul 1, 2025 11:48am
Quoting Guy1969
{quote} Based on the Weekly chart, 1.35400 -500 will be a significant zone, I expect the bulls to defend that zone, then onto 1.40600
Yeah. The next buy will zip to 1.4000. I'll watch your zone.
  • #862,233
  • Jul 1, 2025 12:12pm Jul 1, 2025 12:12pm
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yes yes yes
  • #862,234
  • Jul 1, 2025 1:46pm Jul 1, 2025 1:46pm
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H. --- My 2 cents for this week........Top on Fri. 8:30-9:00 EST.

  • #862,235
  • Jul 1, 2025 9:23pm Jul 1, 2025 9:23pm
Gusd htf ltf ssr qm sz eg 15 ez mn ssr rz wk d 4h 1h fr ptz.please share your view too.thanks
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Say something meaningful or Silence!!
  • #862,236
  • Edited Jul 2, 2025 1:25am Jul 1, 2025 10:52pm | Edited Jul 2, 2025 1:25am
Checking pa , take care
Top ranging bull in its one last leg up up , to bear or correction still need minimum 3673. Breaks down!
And test 3673 need breaks down around 3723 having signal 2733 and confirm 3703
Resistances now 3752 and 58
present levels of interest breaking 3727,20 , 3697 and 85
for eurusd pressure remain 1760 after breaks down and if so indirectly keepin further correction gbpusd too
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #862,237
  • Jul 2, 2025 12:03am Jul 2, 2025 12:03am
Gold, a bullish base just above the pivot, bringing 3380 into play.
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  • #862,238
  • Jul 2, 2025 12:21am Jul 2, 2025 12:21am
Chart Summary

  1. The image shows a strong bullish trend with a zigzag indicator tracing recent swing highs and lows.
  2. The price movement spans from 1 July, 17:00 to 2 July, 07:15, and is currently near a local high at approximately 1.3780.
  3. Based on the peaks, this resembles the early formation of a potential Triple Top, or possibly a Rising Wedge, depending on future price behavior.

Scenario 1: Emerging Triple Top (Bearish Reversal Setup)
If price fails to break and close above the most recent high:

  1. Resistance Zone: 1.3780–1.3785
  2. Neckline (Support): Around 1.3750
  3. Sell Entry: On a bearish break below 1.3750
  4. Stop Loss: Above 1.3785
  5. Target 1: 1.3730
  6. Target 2: 1.3710

Scenario 2: Continuation to the Upside (Breakout Setup)
If price breaks above the current resistance with momentum:

  1. Buy Entry: On strong candle closing above 1.3785
  2. Stop Loss: Below 1.3760
  3. Target 1: 1.3805
  4. Target 2: 1.3830

Attached Image (click to enlarge)
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  • #862,239
  • Jul 2, 2025 12:57am Jul 2, 2025 12:57am
EU, they are sneeky as hell, these are bulls building. Long, TP >1.8700
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  • #862,240
  • Jul 2, 2025 1:02am Jul 2, 2025 1:02am
One of the rare occasion NFP is tomorrow,my expectation is 3788 current month high will be violated,
3723 breakout missed one thresh hold for me to engage in BEAR affairs,
for BUll 3703-3707 is an area of interest being yesta's low.
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
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