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Cable Update (GBPUSD)

  • #863,521
  • Aug 1, 2025 3:56am Aug 1, 2025 3:56am
The dollar has gone from "I don't care what price it is, just sell it." to "I don't care what price it is, just buy it."
  • #863,522
  • Aug 1, 2025 4:32am Aug 1, 2025 4:32am
Quoting MrFanciful
The dollar has gone from "I don't care what price it is, just sell it." to "I don't care what price it is, just buy it."
I expect a bounce from 1.3145 area to 1.3360 old support, will now become resistance...
Data + Stat + Risk/Emotions Management
  • #863,523
  • Aug 1, 2025 4:34am Aug 1, 2025 4:34am
Testing 3139 2nd confirmation and strong support too. Care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,524
  • Aug 1, 2025 4:38am Aug 1, 2025 4:38am
Quoting Wavegarrick
Such a passionate response from robnob.. No, I haven't left
Seeing you havnt left the thread and you admit you're still read my posts any chance of an update of your chart, just so others can leant from it, many thanks in advance...
  • #863,525
  • Aug 1, 2025 4:51am Aug 1, 2025 4:51am
Quoting Georginson
{quote} I expect a bounce from 1.3145 area to 1.3360 old support, will now become resistance...
Good morning friend,

I think price might move deeper to 1.3080/90.

Hoping to see the 1st effective pullback into the current bearish trend.
Market Structure is the King.....
  • #863,526
  • Aug 1, 2025 4:56am Aug 1, 2025 4:56am
Quoting Georginson
AUGUST 2025 FORECAST.. with no obligation to follow Possible High 1.3360 Possible Low 1.2885 Bias is Bearish.
Potentially how many pips to a direction ?

Good day bro.
Market Structure is the King.....
  • #863,527
  • Aug 1, 2025 4:56am Aug 1, 2025 4:56am
Quoting Abeylyn
{quote} Good morning friend, I think price might move deeper to 1.3080/90. Hoping to see the 1st effective pullback into the current bearish trend.
Yes, the possibility of 1.3080/90 is there too. There is a small support at 1.3139 area which needs to be taken out first.
Data + Stat + Risk/Emotions Management
  • #863,528
  • Aug 1, 2025 4:58am Aug 1, 2025 4:58am
Stopped 1.3 pips from taking out the low from 12th May...Suspicious.
  • #863,529
  • Aug 1, 2025 5:02am Aug 1, 2025 5:02am
Quoting Georginson
{quote} Yes, the possibility of 1.3080/90 is there too. There is a small support at 1.3139 area which needs to be taken out first.
The upper zone of that support is at 1.3177 which is no longer validated by technicals..

But price can always do whatever....

Real juice comes after the pullback. I need to be patient....
Market Structure is the King.....
  • #863,530
  • Aug 1, 2025 5:04am Aug 1, 2025 5:04am
Let's go mf
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yes yes yes
  • #863,531
  • Aug 1, 2025 5:11am Aug 1, 2025 5:11am
Quoting ChiForex
Here we go folks: Very important update for Monthly/Weekly I'll like to focus on weekly first as the monthly is mixed for a retracement to upper levels. EU: Good sell orders can be placed 1.1570s(weekly)-1.1670s(for monthly), for daily 1.1480s, while buy orders are tricky before next weekly candle but a safe bet can be at 1.1280s if falls toward there today. GU: Good sell orders on daily start 1.3270s, weekly is the safer bet 1.3330s, while for monthly I prefer to wait for next weekly candle. While buy orders are safe bet at the flat 1.30 level...
A followup folks that the EU current rejection off 1.1392 was normal as it's the monthly crucial support barrier, a break and base below will target way lower level as mentioned above.
I preferred if this pair started the retracement upward before NFP so it could have gave good opportunity for bears to add sell orders at the said above prices..
GU monthly support is nowhere before 1.30-1.2990s that corresponds to weekly too. Also preferred if it retraced up before this current downward movement.
Just remember all to NOT TRADE OUT OF THESE LEVELS MENTIONED ABOVE. It would be like gambling in the middle of 2 directions, though downtrend to lower levels is more clear to reach..But you can bet on that if you already have running orders like mine at way high levels so you can easily play with TRAILING STOP that's a win in any case.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,532
  • Aug 1, 2025 5:15am Aug 1, 2025 5:15am
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  • #863,533
  • Aug 1, 2025 5:24am Aug 1, 2025 5:24am
Quoting ChiForex
{quote} A followup folks that the EU current rejection off 1.1392 was normal as it's the monthly crucial support barrier, a break and base below will target way lower level as mentioned above. I preferred if this pair started the retracement upward before NFP so it could have gave good opportunity for bears to add sell orders at the said above prices.. GU monthly support is nowhere before 1.30-1.2990s that corresponds to weekly too. Also preferred if it retraced up before this current downward movement. Just remember all to NOT TRADE OUT OF THESE...
Prepare your pending sell orders before NFP if you trade with a good broker that can fill it somehow accurately (check levels I mentioned above), because there would probably be a spike up and pull down on NFP. No problem if price fell down even hugely because lower levels are way low, not possible to reach in one spike down. In that case, for example with EU, wait for a pull back to 1.1390s after it breaks to sell if possible and follow the flow down...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,534
  • Aug 1, 2025 5:45am Aug 1, 2025 5:45am
Yesterday sold us30 and closed with 150 points. Since closing it has falling 450 points
with some bad news coming due to the tariffs it can fall 2000, 3000 points probably.
  • #863,535
  • Aug 1, 2025 6:07am Aug 1, 2025 6:07am
Quoting Eren10
Yesterday sold us30 and closed with 150 points. Since closing it has falling 450 points with some bad news coming due to the tariffs it can fall 2000, 3000 points probably.
She is quite the mover, I in trades when the US30 moved up 1000 pips in one day then down a 1000 pips the next, trade this mother carefully...
  • #863,536
  • Aug 1, 2025 6:12am Aug 1, 2025 6:12am
Quoting Abeylyn
{quote} Potentially how many pips to a direction ? Good day bro.
I see a bounce from 1.3145 to 1.3350 (that's 200 pip possible bounce), Then a sharp drop from 1.3350 to 1.2890 (that's a potential 460 pips drop)
Data + Stat + Risk/Emotions Management
  • #863,537
  • Aug 1, 2025 6:21am Aug 1, 2025 6:21am
Quoting Waveskierrob
{quote} She is quite the mover, I in trades when the US30 moved up 1000 pips in one day then down a 1000 pips the next, trade this mother carefully...

Just close at the top of 1000 points

Yesterday I had large lot size for me therefore closed. But a big fall can come now or over some months.
  • #863,538
  • Aug 1, 2025 6:23am Aug 1, 2025 6:23am
Quoting Georginson
{quote} I see a bounce from 1.3145 to 1.3350 (that's 200 pip possible bounce), Then a sharp drop from 1.3350 to 1.2890 (that's a potential 460 pips drop)
Thanks brotherly.
Market Structure is the King.....
  • #863,539
  • Aug 1, 2025 7:28am Aug 1, 2025 7:28am
I reckon GU is going to tank
  • #863,540
  • Aug 1, 2025 7:29am Aug 1, 2025 7:29am
1.31 looks like a spot to watch for bullish action to areas above
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