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Cable Update (GBPUSD)

  • #862,361
  • Jul 4, 2025 1:49pm Jul 4, 2025 1:49pm
Lets see if something like that can happen next week..
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  • #862,362
  • Jul 4, 2025 2:35pm Jul 4, 2025 2:35pm
Quoting pofel
This is going to be red month
why?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #862,363
  • Jul 4, 2025 2:57pm Jul 4, 2025 2:57pm
Quoting Bones
{quote} why?

We are still keeping that price bubble from April, so before another bull run, especially me would like to fill it.
We took some past time sell side trend line liquidity, for some others, we hit your pivot
Dollar after X months is starting to get slightly better

So yeah.. a lot of thing can be seen in charts right now.

Whats your bias ?
  • #862,364
  • Jul 4, 2025 3:39pm Jul 4, 2025 3:39pm
Quoting pofel
{quote} We are still keeping that price bubble from April, so before another bull run, especially me would like to fill it. We took some past time sell side trend line liquidity, for some others, we hit your pivot Dollar after X months is starting to get slightly better So yeah.. a lot of thing can be seen in charts right now. Whats your bias ?
The last month has already broken day 1, and I'm not sure what a bubble is.
But if it's around April, you have to take June out.
I would reverse George's 80% bearish probability, as 5 in a row isn't much generally; there's 7 in a row down right there on the chart.
The weekly is not clear, but that's not unusual after the push.
In Week 1, you don't have PA to go to the April range.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #862,365
  • Jul 4, 2025 3:57pm Jul 4, 2025 3:57pm
You can read the monthly on the fly, before the close! anyone who says different is a newbie
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #862,366
  • Jul 4, 2025 4:15pm Jul 4, 2025 4:15pm
We are at some resistance, but it's very hard to ignore those broken respected trendines
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Leave Israel alone and Palestine will be free
  • #862,367
  • Jul 4, 2025 4:26pm Jul 4, 2025 4:26pm
[quote=Wavegarrick;15297332]Last one for the road. Target 1.38843. Cheers.
Quoting Wavegarrick
With the previous highs broken and momentum on the daily time frame, impulse move to my yearly resistance 2 at 1.38843 becomes an ominous target. I could look to open a contrarian sell trade at 1.38843. Trade safe. Cheers. {quote} {image}
  • #862,368
  • Jul 4, 2025 4:29pm Jul 4, 2025 4:29pm
Quoting Forgediron
We are at some resistance, but it's very hard to ignore those broken respected trendines {image} {image} {image}
Of course, there's often an antagonist...
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Leave Israel alone and Palestine will be free
  • #862,369
  • Jul 4, 2025 4:32pm Jul 4, 2025 4:32pm
[quote=Wavegarrick;15299723]
Quoting Wavegarrick
Last one for the road. Target 1.38843. Cheers. {quote} Not so sure if the quoting feature works so well anymore because whenever I quote my last post and if I click on my quoted post it jumps to the prior post before my last quoted post. It becomes confusing to subscribers and followers. Can someone help me here? Looking forward to the above trade for next week. GU at 1.38843 remains on my radar. Have a great weekend, Folks. {image}
Great work as usual Wavegarrick
A consistent contributor
Leave Israel alone and Palestine will be free
  • #862,370
  • Jul 5, 2025 3:13am Jul 5, 2025 3:13am
[quote=Forgediron;15299820]
Quoting Wavegarrick
{quote} Great work as usual Wavegarrick A consistent contributor
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  • #862,371
  • Jul 5, 2025 3:34am Jul 5, 2025 3:34am
[quote=Wavegarrick;15297332]Last one for the road. Target 1.38843. Cheers.
Quoting Wavegarrick
With the previous highs broken and momentum on the daily time frame, impulse move to my yearly resistance 2 at 1.38843 becomes an ominous target. I could look to open a contrarian sell trade at 1.38843. Trade safe. Cheers. {quote} {image}
There's decent 4hr support at 1.35 that hasn't been tested, so may drop further or even gap down towards there over the weekend.
Leave Israel alone and Palestine will be free
  • #862,372
  • Jul 5, 2025 5:39am Jul 5, 2025 5:39am
Analysis: On the H1 timeframe, the dashboard indicates a Very Strong SELL signal (100%) from the Moving Averages, supported by SELL signals from MACD, Stochastic, RSI, and CCI. ADX, however, shows No Trend, suggesting a lack of strong directional momentum despite the bearish indicator alignment.

The "Overall" analysis, considering M5, M30, and H1 timeframes across the six indicators, presents a SELL (30%) bias. This suggests that while the current H1 indicators are strongly bearish, the shorter timeframes might be offering mixed or less convincing bearish signals, diluting the overall strength.

Currently, the market condition is identified as Ranging, with Low volatility. This aligns with the ADX's "No Trend" reading and implies that price action is contained within a defined range, making strong directional moves less probable in the immediate term.

The nearest Resistance zone is identified between 1.3789 - 1.3743 (87 pips away), while the nearest Support zone is 1.3409 - 1.3371 (228 pips away). Given the Ranging market and Low volatility, the price is likely to oscillate between these zones. The current strong SELL signals from individual indicators, combined with the overall SELL bias, suggest a potential move towards the Support zone, but the Ranging condition might lead to consolidation before a clear breakout. The probable directional bias is bearish towards the support, but caution is advised due to the ranging market.
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Disclaimer: This analysis is based solely on data from the provided dashboard and is intended for educational purposes only. Trading involves risk, and by following this analysis or its signals, you may incur financial losses. Please exercise caution and make your own informed trading decisions.
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  • #862,373
  • Jul 5, 2025 11:43am Jul 5, 2025 11:43am
[quote=Forgediron;15299966]
Quoting Wavegarrick
Last one for the road. Target 1.38843. Cheers. {quote} There's decent 4hr support at 1.35 that hasn't been tested, so may drop further or even gap down towards there over the weekend.
Thanks, Forgediron. Yes 1.35 will act as solid support and a good area to look for buy trades.
Cheers.
Trade to trade another day
  • #862,374
  • Jul 5, 2025 11:45am Jul 5, 2025 11:45am
[quote=Wavegarrick;15300177]
Quoting Forgediron
{quote} Thanks, Forgediron. Yes 1.35 will act as solid support and a good area to look for buy trades. Cheers.
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  • #862,375
  • Edited 12:45pm Jul 5, 2025 12:24pm | Edited 12:45pm
well within the channel, with all kinds of problems for down
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #862,376
  • Edited Jul 6, 2025 4:20am Jul 5, 2025 2:12pm | Edited Jul 6, 2025 4:20am
Quoting Bones
well within the channel, with all kinds of problems for down {image} {image} {image}
Great indecision with increased valotilities with most uncertainties as in expanding triangle! Likely anytime fake out though , so though apparently break out down already but still testing great support tls now !! Anyway price below 95.55 may only can take as breaks out even anytime false breaks possible . As in a end stage it remains extremely risky for any direction . So this month will be best place for any random spikes ups and down !!

Checking smaller tf , all as before continue correction down likely , next breaks out down level 3633 to previous low minimum 3559 and next likely support 3479.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #862,377
  • Edited 3:46pm Jul 5, 2025 3:17pm | Edited 3:46pm
Hello. Back from hols, and catching up on charts. Won't be around much this coming week though as getting ready for another trip away.

Just some points of interest:

* June's Mthly closed this week just ended - again bullishly. This t/f is probably in a general uptrend ?
Interestingly, 5 consecutive bullish candle closes on this t/f now, and the last time this happened was over 20years ago, ie Sept' 03-Feb'04 inclusive. Starting @ and - including Sept'03 through to the current day, there have been a total of 257 consecutive 6 month instances. If we take this as 'representative' and using this sample then, the statistical probability of a 6th consecutive bullish candle close on this mthly t/f, (ie July's closing bullishly) in this present sequence of 5, is very small, ie a less than 0.4% chance. This does not mean to say that it can't or won't happen though, just that the probability is low. Price having opened the new Mth above it's new Pivot also closed the week above it, having dipped just below it twice.

* Wkly closed the week out in a classic uptrend and in the body of the previous wk's bullish thrust multi-engulf x 4 candle on this t/f. The < 13wk awr (90%) wkly candle closed bearishly.The week saw a new current yrly hi of 3788 @ the 61.8% of the longer-term 5930-0327 move. 5 consecutive HL's now on this t/f. Price @ the week's/current mthly/current yrly 3788 hi is into the wkly part of a prev wkly/dly sw hi zone = prev res = pot res that extends up to 3834 from Oct '21.

* Dly Fri's < 30day adr (48% re U.s B/H) dly candle closed bearishly, still in pullback mode re it's general uptrend, with the week's 3562 lo becoming a swing L on the t/f, below the last HL @ 3673, (this before the last HH @ 3788.) No LH yet though.

EDIT: added a bit to wkly points.

Mthly, Wkly, then Dly below
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Trader with an Edge.
  • #862,378
  • Jul 6, 2025 3:54am Jul 6, 2025 3:54am
[quote=Wavegarrick;15300177]
Quoting Forgediron
{quote} Thanks, Forgediron. Yes 1.35 will act as solid support and a good area to look for buy trades. Cheers.
Good work, keep it going
Leave Israel alone and Palestine will be free
  • #862,379
  • Jul 6, 2025 4:23am Jul 6, 2025 4:23am
[quote=Forgediron;15300394]
Quoting Wavegarrick
{quote} Good work, keep it going
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  • #862,380
  • Edited 11:05pm Jul 6, 2025 4:33am | Edited 11:05pm
Checking eurusd smaller tf , yeah same more correction down possible next like gbpusd , as both ok down as before may likely happen next top. Watching what actually !:
same gbpusd as head started tilting and now strong gravity to 3545 , 3475 and 44 to see if support temorarily!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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