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Cable Update (GBPUSD)

  • #863,161
  • Jul 23, 2025 3:57am Jul 23, 2025 3:57am
Quoting Georginson
{quote} Only a close above 1.3576 should keep sellers worried... Still in bear territory for a target of 1.3160 next month.
In full agreement with you...
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Never Ever Give Up!
  • #863,162
  • Jul 23, 2025 4:20am Jul 23, 2025 4:20am
The selling pressure remains relatively muted for now, as evidenced by the 4-hour close holding firm above the 1.35270 level. With that support looking more solidified, buyers may set their sights on the 1.3570 region a level likely to prompt some reaction. A failure to clear this area could trigger renewed downside pressure and possibly a breakdown through the newly formed 1.35270 base.
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Keep the Lights on then you can catch the rise from the dark.
  • #863,163
  • Jul 23, 2025 4:22am Jul 23, 2025 4:22am
Quoting Cobra
The GBPUSD gives us another opportunity to sell here. EURUSD sell and USDCHF buy. (Both are overextended on the longer time frames)
From my own perspective, it is very risky to sell at the moment. Price already broken out of contending resistant zone. I 'll be looking at pullback into daily trend at touch of next resistant zone. Probably next 50/70 pips from todays high.

My main focus is to Buy at Pullback into Daily Trend.

Just my own submission.
Market Structure is the King.....
  • #863,164
  • Jul 23, 2025 4:31am Jul 23, 2025 4:31am
Quoting ricmaj
The selling pressure remains relatively muted for now, as evidenced by the 4-hour close holding firm above the 1.35270 level. With that support looking more solidified, buyers may set their sights on the 1.3570 region a level likely to prompt some reaction. A failure to clear this area could trigger renewed downside pressure and possibly a breakdown through the newly formed 1.35270 base. {image}
Hello friend ,

Is this your indicor a breaker ?

Please give me the link to the download.... Fxcodebase. or the name for me to search....

Thanks.
Market Structure is the King.....
  • #863,165
  • Edited 4:54am Jul 23, 2025 4:38am | Edited 4:54am
@Abeylyn


Each to his own isn't it.
I see what you don't see, and vice versa.
Be Blessed.
PS. I am not a seller because of the below image. I sell because my system tells me so. Others are buyers at the same time....
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Never Ever Give Up!
  • #863,166
  • Jul 23, 2025 4:54am Jul 23, 2025 4:54am
Quoting Abeylyn
{quote} Hello friend , Is this your indicor a breaker ? Please give me the link to the download.... Fxcodebase. or the name for me to search.... Thanks.

they are all self plotted tradeable points drawn manually on chart. cheers
Keep the Lights on then you can catch the rise from the dark.
  • #863,167
  • Jul 23, 2025 4:59am Jul 23, 2025 4:59am
From a swing perspective, I'm now looking at this zone for shorts
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  • #863,168
  • Jul 23, 2025 5:00am Jul 23, 2025 5:00am
Quoting ricmaj
{quote} they are all self plotted tradeable points drawn manually on chart. cheers
Thanks bro.

You are really perfect at identifying the zones.

Remain blessed.
Market Structure is the King.....
  • #863,169
  • Edited Jul 24, 2025 2:39am Jul 23, 2025 5:18am | Edited Jul 24, 2025 2:39am
Sold 1.3545 SL 1.3590 (revise SL)
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #863,170
  • Jul 23, 2025 5:29am Jul 23, 2025 5:29am
G/M, another bullish dly candle y/day. So far today there has been a slight and false1st upside b/o of y/day hi to Asian hi, then a downside p/back to Asian lo which is also current dly lo, and then an early london session 2nd b/o of Y/day hi then asian hi. Price has again met supply @ current dly hi higher up in 4hr and dly parts of a prev 1hr/4hr sw lo zone = prev sbr = pot sbr, (that was a test of as pot supp//coexistent with a wider prev 4hr/dly sw lo zone = prev sbr=pot sbr,) and y/day's hi is in both. (This wider pot sbr zone extends up to circa 3590 on dly t/f, and circa 3577 on 4hr t/f.) Also @ current dly hi price is in a prev 1hr sw hi zone = prev res = pot res that was a test of the aforementioned. The 2nd upside b/o of last wk's 3504 hi remains true so far.

4hr (with 10/20/40 ema crosses graphic) below.

...1st test of the prev 1hr minor sw hi zone = pot rbs that starts @ asian hi sees a bounce up on the 1st test of it as pot rbs, after the downside p/back from current dly hi.

1hr below
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Trader with an Edge.
  • #863,171
  • Edited 6:01am Jul 23, 2025 5:48am | Edited 6:01am
...you can see on the dly chart below that last wk's 3365 lo was a 2nd LL on the t/f, (after 3673 was the last HL, 3562 a L, then 3525 and said 3365 both LL's.) 3681, 3619, and 3486 were all LH's on the t/f. So, before the bounce @ said 3365 (current mthly lo) the t/f may have been looking somewhat bearish recently re the fall from 3788 current mthly hi/current yrly hi, but in an overall 'general' uptrend that has established itself since the 13th Jan's lo of 2100, on the t/f. The recent bearishness re the fall from said 3788 to 3365 may be relieved a bit by the 3402 HL now @ current wkly lo? There will also be a H above the 3486 last LH when it forms fractally.

EDIT: Added a bit re the HL.

dly below
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Trader with an Edge.
  • #863,172
  • Jul 23, 2025 6:32am Jul 23, 2025 6:32am
Quoting witowito
Eyeing potential setups in my Playground zone. If M5 gives me the green light, I’ll be scalping key levels to hit today’s 1% {image}
Price moved into my shorts zone and offered a clean M5 trigger, so I executed the setup.
Risked 0.5% per position (1% total exposure). Took partials at 2R, locking in 1% return, and moved the remainder to breakeven. Now letting price action dictate the next move.

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Price has now established a new "longs playground" zone around my take-profit area, which makes this trade one to monitor closely.
Adjusting management as new structure develops.
Adaptability and awareness around key zones make all the difference.
  • #863,173
  • Jul 23, 2025 7:41am Jul 23, 2025 7:41am
Quoting witowito
{quote} Price moved into my shorts zone and offered a clean M5 trigger, so I executed the setup. Risked 0.5% per position (1% total exposure). Took partials at 2R, locking in 1% return, and moved the remainder to breakeven. Now letting price action dictate the next move. {image} Price has now established a new "longs playground" zone around my take-profit area, which makes this trade one to monitor closely. Adjusting management as new structure develops. Adaptability and awareness around key zones make all the difference.
For me, the short play is done.
Price looks like it wants to resume its move higher. It's now sitting within my longs playground zone, so I’m aligned with the bullish side.
Waiting patiently for my setup to trigger... then I’ll look to execute accordingly
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  • #863,174
  • Jul 23, 2025 8:00am Jul 23, 2025 8:00am
At last moving a little !! Waiting spike up before beck / breakout
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,175
  • Jul 23, 2025 8:27am Jul 23, 2025 8:27am
Quoting fontu
At last moving a little !! Waiting spike up before beck / breakout {image}
It looks like an ending diagonal ! but you suspect the 50 ret ?
  • #863,176
  • Jul 23, 2025 8:34am Jul 23, 2025 8:34am
Quoting Waveskierrob
Come GOLD you've had a good little run this week so far, down now my BE 3390...
come on GOLD BE now @ 3395...
  • #863,177
  • Jul 23, 2025 8:47am Jul 23, 2025 8:47am
Quoting Abeylyn
{quote} From my own perspective, it is very risky to sell at the moment. Price already broken out of contending resistant zone. I 'll be looking at pullback into daily trend at touch of next resistant zone. Probably next 50/70 pips from todays high. My main focus is to Buy at Pullback into Daily Trend. Just my own submission.
Retail Sentiment (Contrarian Signal) Institutional & Macro Sentiment

  1. GBP fundamentals:

Seasonal & Technical Context


  1. Seasonal and technical factors are aligned in favor of a bullish counter-trend.

Sentiment Summary

SourceBiasSignal

Retail Traders Slight Bearish Contrarian Bullish Potential

Institutional / Macro Mixed but Dollar Weakness favors GBP Bullish Catalyst Present

Seasonal / Technical Historically Bullish in July Supports Upside

Daily Sentiment Conclusion

  1. Retail remains slightly bearish—a potential setup for contrarian bullish moves.
  2. Macro and seasonal factors support a bias toward pound strength.
  3. Institutional sentiment appears neutral to slightly bullish, backed by USD weakness and optimistic global growth signals.
  4. Daily Sentiment Bias: Bullish, with potential upside toward 1.3575 1.3600+ if UK data and BoE signals align.

Market Structure is the King.....
  • #863,178
  • Edited 9:29am Jul 23, 2025 9:05am | Edited 9:29am
Quoting chess king
{quote} It looks like an ending diagonal ! but you suspect the 50 ret ?
A spike up to correct if !anyway formed a better than this and spiked up above 3550 waiting for 67 if or more while eurusd test breaks 1747
That is gbpusd up till eurusd test ,1747
If go 3585 be better cover up , got life for next target real 3620+, still 3562/7 will care as risky most here!
And these 3550+,60/67 or 85 all or any may a spike top , may rest latter but there may not stable to close levels !
Test and back in shorter times !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,179
  • Jul 23, 2025 9:35am Jul 23, 2025 9:35am
RR is fine
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  • #863,180
  • Edited 10:26am Jul 23, 2025 9:43am | Edited 10:26am
Quoting Whale
RR is fine {image}
This spike up can be 3585/3620+ high , so sl go above , for safety and below 3600 short can be unnecessary now! Ok see if 3567 breaks up for 3585 or not !
3rd day of week running continuously up and may today bounce should get most rejection go go target may also today possible
So o eurusd test if next 1747 may correspond ,gbpusd 3567 or 85 and after correction may further up with breakout eurusd then !?

3567 playing smooth eurusd not tested 1747;yet ! Let's go up
And though resistance 1747 , level of interest at 1753 , so spike up 47 and back ok
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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