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Cable Update (GBPUSD)

  • #863,221
  • Jul 23, 2025 1:19pm Jul 23, 2025 1:19pm
Quoting Cobra
{quote} In full agreement with you... {image}
you might get that close today or tmr…
  • #863,222
  • Jul 23, 2025 1:28pm Jul 23, 2025 1:28pm
Final spike may over anytime ,target bounce immediate 3585 no necessary to test test latter ! So short starts!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,223
  • Jul 23, 2025 1:33pm Jul 23, 2025 1:33pm
die dollar die


and take trump with you

i slid up my sl to protect profits in case he has a brain fart and it all slides out his anus and causes GU to drop end of day
short trump and go long the deepstate
  • #863,224
  • Jul 23, 2025 1:54pm Jul 23, 2025 1:54pm
Quoting Yngwie
Sold 1.3545 SL 1.3585
FWIW, this line is not broken yet..
Please join me in my journey for 100 perfect trades. See my journal!
  • #863,225
  • Edited 3:16pm Jul 23, 2025 2:28pm | Edited 3:16pm
...very likely to be another bullish dly candle now when it closes? Bullish has persisted since the 3402 current wkly lo - first thing Monday, but with some fair pullbacks as well, although not so much today unless you were on the sub-30min triggers, and really 15min and below were optimum for anything anti-trend today.

85.4% of the 3619-3365 move reached @ current dly hi (which is @/around Dly R2) - this @ the top of a prev 1hr/4hr sw lo zone = prev supp = pot sbr (4hr part) and in a prev 1hr/4hr sw hi zone = prev res = pot res that extends up to 3586, this a 1st test of that.. May feel like more but still only 72% of 30day adr traveled so far today approaching the close. The 3nd upside b/o of last wk's 3405 hi remains true for now.

Price didn't stay long below the Wkly Pivot (@/around 3425) and in fact since Monday when it climbed above it, it has stayed above it. Price again went below the Mthly Pivot on 8th July and has remained there since. It is @/around 3625 which is where Wkly R3 is.

EDIT: Hopefully made clearer and added a bit re pivots.

4hr below
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  • #863,226
  • Jul 23, 2025 2:34pm Jul 23, 2025 2:34pm
Quoting Zebi
went long small size at 3375... gona start building a swing position will add more if today closes green

im out 3575...price shud retrace some but not much and go sideways for a few days ...ill try shorting a spike up since its at resistence and hopefully buy at yesterdays close for the run to 3800
short trump and go long the deepstate
  • #863,227
  • Jul 23, 2025 3:06pm Jul 23, 2025 3:06pm
small short 3582...will add more for a drop to 3490/3500 where ill prolly buy but too soon to tell yet
short trump and go long the deepstate
  • #863,228
  • Jul 23, 2025 8:43pm Jul 23, 2025 8:43pm
Thursday July 24

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GBPUSD July 24 Daily PMI data

- market sentiments is weaker USD will persist ...

- target 13650ish

- weekly candle high 13771 is too far away for today

- there is also monthly key level 13694 for near term target

- there are many orders to fill below if you trade with small stops

- smart money at work today

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #863,229
  • Jul 23, 2025 8:57pm Jul 23, 2025 8:57pm
GBPUSD UPDATE
The daily and 4 hr trend is up coinciding with a resistant point on lower time frame at current high 1.3588.

There is the need to be extremely careful because of high tendency of liquidity grab from the MM. There is a buffer of about 120 pips to be manipulated in favour or against Buyers and Sellers. (1.3470 and 1.3588)

I will be buying at pullback in continuation of Daily trend and may also look for Sell Opportunity from the top. Buying at breakout of high may also be considered but for now, the coast is not clear.

Have a nice day trading friends and buddies.
Market Structure is the King.....
  • #863,230
  • Jul 23, 2025 11:09pm Jul 23, 2025 11:09pm
The count is clean. There is three clear uptrend pushes, thou am looking for shorts to reset before
continuations
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  • #863,231
  • Jul 24, 2025 12:09am Jul 24, 2025 12:09am
Quoting ChiForex
Don't worry bears, hold your balls, just a deeper pullup after hitting way below retracement support on monthly, will eventually go to it again 1.3440s to try to base above until next month, but it'll fail. Same with the clown EU moving in a more dirty way, trying to create a bull trend on weekly, not even retracing on monthly, being dragged down so slowly but it's just a matter of time for the big fall. Just knowing that the max high of the big banks is 1.20, so the lows are too far from today's price
Yea "don't worry" Chiforex knows...
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  • #863,232
  • Edited 1:56am Jul 24, 2025 1:43am | Edited 1:56am
Checking pa , overall daily bullish in reversal action and likely more targets up in try as price at this high also fully stable , correction in smaller tf may below 3554 where overall support 3524 ..take care
So next bounce may at 3567 as of now sr below 3554 most likely minimum as round top and over 3524 as standard ! Breaks and hold 3524 may give early confirmation top failure signal only!
Failure top may inverted cup and holder pattern if continue top failure , still nothing as such though !
So if fail hold 3567 and likely then both 3554 and 24 at risk test breaks ! So ranges play increased possible before next level up or even down
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,233
  • Jul 24, 2025 2:05am Jul 24, 2025 2:05am
GBPUSD is trading in a rising wedge , we are on a resistance level and we can see a tweezer top candle stick pattern on h4 and the Rsi has returned back below 70 on H4 signaling a sell ...
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  • #863,234
  • Jul 24, 2025 2:08am Jul 24, 2025 2:08am
Quoting Zebi
die dollar die and take trump with you i slid up my sl to protect profits in case he has a brain fart and it all slides out his anus and causes GU to drop end of day
He may want dollar low but when actually low likely react to survive and hence dollar at great support right now and likely bounce even little late , he may finding option stimulus by all Means or intervention or if necessary and likely start a war immediately as his God / devil like nature of overconfidence !!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,235
  • Edited 2:52am Jul 24, 2025 2:30am | Edited 2:52am
let’s see if Cable gives us the double pump.
3550 could be support for next session
  • #863,236
  • Edited 4:33am Jul 24, 2025 3:07am | Edited 4:33am
Quoting Forgediron
let’s see if Cable gives us the double pump. 3550 could be support for next session
Ok let's have a try then ! Like inverted hs or ch patterns
old computer chart before need a cleanup! , 3544 at risk of breaks as before for 3524 low plays !
so target correction now may to 3512.
Eurusd more down possible presently next support may 1743 then to 1711 possible
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,237
  • Jul 24, 2025 3:15am Jul 24, 2025 3:15am
This maybe a good short.Let's see what next!!!!!!!!!
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  • #863,238
  • Jul 24, 2025 4:12am Jul 24, 2025 4:12am
This is my short area for today in case price retrace to that level...
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  • #863,239
  • Jul 24, 2025 4:39am Jul 24, 2025 4:39am
Only for those who want to get out of their small world to see the big picture. Huge range of at least over 1000pips for retracement from current price levels on both GU and EU.

IDEA
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My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,240
  • Jul 24, 2025 4:52am Jul 24, 2025 4:52am
G/M, 3rd consecutive bullish dly candle y/day. Price has pulled back off the asian hi/current dly hi (which is just above y/day's hi) with a big bearish thrust candle close on 4hr, breaking the rising wedge/steepest ascending trend line on that t/f to the downside, and in so doing effecting a 1st downside b/o first y/day hi and then the asian lo, - both remain true so far. Price remains above last wk's 3504 hi. All down so far today. Will we see any 'buy the dip' players intervene?

4hr below.
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