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Cable Update (GBPUSD)

  • #863,401
  • Jul 29, 2025 4:52am Jul 29, 2025 4:52am
...price opened the new week below it's new Wkly Pivot, (which is @/around 3474,) and has stayed there so far this week, and is still below the Mthly Pivot, where it was all last week. It is of course below the Dly Pivot, (opened the new day below it,) and has seen a 1st false downside b/o of Dly S1, and a 1st downside b/o of Wkly S1. Yesterday's 1st downside b/o of last wk's 3402 lo (to a new current mthly lo,) remains true so far, and today so far there has been a false 1st downside b/o of asian lo and a 3nd false downside b/o of y/day's lo.

1hr, 4hr and even dly (?) looking bearish now. 1hr/4hr in general downtrends right now.

4hr (with 10/20/40 ema crosses graphic) / 1hr below
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Trader with an Edge.
  • #863,402
  • Jul 29, 2025 4:55am Jul 29, 2025 4:55am
Come on gold it’s time to drop to below 3300 preferably near the support area from 2 weeks ago
Insane in the Brain..
  • #863,403
  • Jul 29, 2025 4:55am Jul 29, 2025 4:55am
Quoting Pat Chiko
{quote} GOLD In medieval times, they’d have accused you of sorcery for calls this accurate! Yet again, you’ve proven your real-time foresight (not just hindsight brilliance). {image} That’s why I’m no passerby here—I just lurk quietly, waiting for your next golden signal. Legendary stuff W!{image} (trade based on on call) P/S Seriously, is this skill hereditary? Did some Viking ancestor pass down a magic crystal ball?
No crystal ball i'm afraid but I do have one of these...
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  • #863,404
  • Edited 5:16am Jul 29, 2025 4:59am | Edited 5:16am
Bounce were exaggerated but waiting proper correction below 1561 and 3334 to see if can continue next !
If so then bottom test likely, better prospect eurusd , worst gbpusd ,care
So worst check better , breakout immediate signal 3350 , confirmation 3334 , risk may come after confirmation , as fake out !! , so sl apply before that level! , already over 3365 , trail be then
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,405
  • Jul 29, 2025 5:19am Jul 29, 2025 5:19am
1.3420 area on the daily looks good for shorts to me.
100 pip target.
Watching PA
  • #863,406
  • Jul 29, 2025 5:32am Jul 29, 2025 5:32am
Quoting Waveskierrob
{quote} GOLD SHORT BE 3317...
with averaging BE now 3323...
  • #863,407
  • Jul 29, 2025 6:06am Jul 29, 2025 6:06am
Quoting Waveskierrob
{quote} with averaging BE now 3323...
BINGO....
  • #863,408
  • Jul 29, 2025 6:15am Jul 29, 2025 6:15am
The Yen has been very good to me this week. Short GBPJPY, target > 197.00 Short USDJPY, target > 147.400
  • #863,409
  • Jul 29, 2025 6:45am Jul 29, 2025 6:45am
EJ. T hit for 180p
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  • #863,410
  • Jul 29, 2025 6:47am Jul 29, 2025 6:47am
EURAUD TP hit for 165p
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  • #863,411
  • Jul 29, 2025 6:49am Jul 29, 2025 6:49am
NZDJPY Trade still running, up +52p
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  • #863,412
  • Jul 29, 2025 7:03am Jul 29, 2025 7:03am
Quoting Irtazagueu
{quote} about to go short on gbpusd after it sweep asian high and tap to htf bearish fvg
TOLD YALL EARLIER JUST CAUGHT 30 PIPS BEST OF LUCK YALL I AM DONE FOR THE DAY PEACE
  • #863,413
  • Edited 9:55am Jul 29, 2025 7:28am | Edited 9:55am
Testing low eurusd ok but if doing by gbpusd too!! Anyway placing trade odd time troubled sleep at least !!
Now h5 very positive to keep this short for next lows !!
So waiting previous low test and breaks
And eurusd breaks and hold 1528
So they left for next levels down! Let's see
So continue with breaks 3308 and 1519

now bounce still trying now target 3341 + after bear continuation too! the channel after new low is hypothetical without a good support . may range down further
so if now signal breaks 3321 then 3308/06 or low may play again . may old assumption 3300 round numbers ,say now more below 3290/82 ??
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,414
  • Jul 29, 2025 7:42am Jul 29, 2025 7:42am
I'm still holding my long Gold trade of last week (3330). I believe Gold will get to 3410.
  • #863,415
  • Jul 29, 2025 9:44am Jul 29, 2025 9:44am
Gold not dropping.. might need to look at b/e and restart
Insane in the Brain..
  • #863,416
  • Jul 29, 2025 10:01am Jul 29, 2025 10:01am
Quoting BeeTogether
Gold not dropping.. might need to look at b/e and restart
3324 BE for me...
  • #863,417
  • Jul 29, 2025 10:16am Jul 29, 2025 10:16am
Quoting Waveskierrob
{quote} 3324 BE for me...
the mofo is just not dropping … could do with a trapdoor opening
Insane in the Brain..
  • #863,418
  • Jul 29, 2025 10:20am Jul 29, 2025 10:20am
Quoting BeeTogether
{quote} the mofo is just not dropping … could do with a trapdoor opening
...a little bit now, thats what I like about GOLD short range...
  • #863,419
  • Edited 10:58am Jul 29, 2025 10:21am | Edited 10:58am
Quoting BeeTogether
{quote} the mofo is just not dropping … could do with a trapdoor opening
the amplitude of spikes or ranges even if false always more , eurusd ok , not so random ! watching . if above 3341 tanking gbpusd
. both trying a bottoming at an earliest !!
gold likely kick back to correct again too! breaks and hold 3317 and 11 waiting for next 3282 target
,
now seeing 3341 breaks up , ok may 3355 . may now wait for breaks out down next times ! now breakout down signal 3334!!
waiting breaks and hold next 3323 and 17 to low play 3306
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,420
  • Jul 29, 2025 10:28am Jul 29, 2025 10:28am
...back @ desk updating supp/res charts. A couple of strong bounces back up today so far after falls. The 1st one attracted the 'sell the rally' participants down to the current dly lo, which is @ the very bottom of the prev wkly minor sw hi zone = prev rbs x 2, (3370 & 3365,) = pot rbs that started @ 3444. The 2nd strong bounce back up today, this one from current dly lo, has given back over 50% of the intraday fall @ the current p/back hi.

1st 1hr/4hr downside b/o of last wk's lo remains true so far, as does 4th 1hr downside b/o of y/day's lo. Could see a 4th consecutive bearish-bodied dly close today but looking hammer-ish right now in the still forming candle. Price is still below Wkly S1, and Wkly S2 is below the current dly lo @/around 3287. 2 x false downside b/o's of Dly S1 (which is @/around 3319) so far today. Dly S2 is @/around 3285.

Wkly then dly below
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