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Cable Update (GBPUSD)

  • #863,601
  • Aug 3, 2025 10:45am Aug 3, 2025 10:45am
Quoting Wavegarrick
{quote} GU once again, the same old repetitive stuff from the 20th to month end seeing a retrace. 1.35425 crux for bulls and bears at month end. I can see a decent move to the upside as per my indicators and I sit tight. Nothing for me to do here at the mo. Have a great week. Cheers {image}
I am still 1808 pips in profit on GU with 4 buy trades open. For the coming week I foresee a nice pullback to 1.34525 ish as per the weekly timeframe. Having said, if 1.34525 goes we can see this as a move to new highs at 1.38843, meaning that this down move was a temporary setback. Weekly consolidation at 1.34525 area could see a down move towards 1.29751 also close to my yearly pivot. My technical indicators look for a retrace and down move in time to come but mixed at the moment and I will update, Patience of utmost importance here.
Note Please don't follow me blindly as I use long term analysis which could lead to drawdown and money management becomes essential.
Have a great week,
Cheers.
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Trade to trade another day
  • #863,602
  • Aug 3, 2025 11:40am Aug 3, 2025 11:40am
Hi folk

Still a "Shitton" of pips in profit, don't know how I do it, love it when a plan comes together ...
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  • #863,603
  • Aug 3, 2025 1:36pm Aug 3, 2025 1:36pm
Quoting Waveskierrob
Looks like everyone has moved over to the GOLD thread, good on yea ChiForex...talking of GOLD im SHORT bias ... {image}
Could do with a 20 pip drop GOLD on the open but weekend markets showing +10 not a great indicator but does have a little bias...
  • #863,604
  • Aug 3, 2025 2:21pm Aug 3, 2025 2:21pm
The GBPUSD price action on the daily time frame is in consolidation. The bullish candlestick printed on Friday was a retracement of the bearish breakdown of the 1.32776 intraday horizontal support. Although we may still see northward price action in the early part of this week, the recent technical pattern and the operating technical impulse favour bears more than bulls.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #863,605
  • Aug 3, 2025 4:30pm Aug 3, 2025 4:30pm
Wake up folks, the trading day started

EU on weekly is facing tremendous resistance starting from ~1.1600 then ~1.1615. On daily ~1.1615, ~1.1640 and ~1.1670, the monthly climbs further to ~1.1690s that touches too the higher weekly at same price but in such case if price reaches there we're looking at ~1.1615 turning support. While on downside, first serious support on weekly ~1.1420 after removing today ~1.1540 on daily.
Briefly, the picture is so strange with lot of resistance that if EU bulls can penetrate then speechless!

GU on weekly 1.3350s, while ~1.3475 far away but maybe in this crazy market! On downside, daily ~1.3195, weekly starts at ~1.3105 then ~1.3005 that meets the monthly and possibly down to ~1.2940 crucial support on both monthly/weekly.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,606
  • Aug 3, 2025 5:03pm Aug 3, 2025 5:03pm
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yes yes yes
  • #863,607
  • Aug 3, 2025 6:30pm Aug 3, 2025 6:30pm
Another one bites the dust and deservedly so
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  • #863,608
  • Edited 7:02pm Aug 3, 2025 6:51pm | Edited 7:02pm
went long GU at 3290


we shud see 3390 sometime this week maybe even 3440 if humpty does more dumb shit like fire people that count the econ numbers
short trump and go long the deepstate
  • #863,609
  • Aug 3, 2025 8:15pm Aug 3, 2025 8:15pm
Quoting Zebi
went long GU at 3290 we shud see 3390 sometime this week maybe even 3440 if humpty does more dumb shit like fire people that count the econ numbers
looks like i bot the intraday high so far but doeasnt matter since will hold all week and average down
short trump and go long the deepstate
  • #863,610
  • Edited Aug 4, 2025 12:58am Aug 3, 2025 8:50pm | Edited Aug 4, 2025 12:58am
Just checking pa before sleep again ! Bounce target 3320, correction target 3220 and 3160. Over 3272/7 to 20 to 3160 may play before Frankfurt and London open ! Take care
So done over 3277 and waiting signals, earliest 3382 and early 1 st confirmation 3277 , 2nd 3272
Resistance 3293 and 3312 above will be sl
Anyway pa too slow , should have done before Frankfurt/ London open , so care
And time still to play a little at least below 2nd signal 3270

Waiting breaks out and hold next, 3272/4 and 1572:
I'f done then next sr be 3253 and 1551, sl be may apply then. Intermediate sr but repeated test it may possible with Frankfurt and London open before and or after next sr down 3216 and 1517
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,611
  • Edited 11:53pm Aug 3, 2025 9:48pm | Edited 11:53pm
Quoting Abeylyn
GBPUSD UPDATE Daily and 4 hour trend are bearish. Daily Candlestick is showing a bullish engulfing after a rebound from 1.3140/1.3177 zone. I am bearish in line with the daily trend but see the current engulfing candle as a signal to move price to 1.3365/1.3385 zone where the bear may continue its movement to the downside. Support against the bear are currently located at 1.3140/77 zone, 1.3000/15 zone and 1.2880/1.2920 zone. In the interim, I will be looking to Buy at revisit of 1.3215/1.3225 zone with the intention of linking the daily trend resistant...
The interim plan may not hold since price has created a double top within the structural high zone that was established by NFP bounce. If double top can hold and price reverse to the downside from here, we may likely see a deep pullback to retest 1.3140/77 zone.

This is a call to just watch out for a Buy trade either at 1.3215/25 zone or a deep lower point 1.3140/77 zone.
Market Structure is the King.....
  • #863,612
  • Aug 4, 2025 1:17am Aug 4, 2025 1:17am
Quoting Abeylyn
{quote} The interim plan may not hold since price has created a double top within the structural high zone that was established by NFP bounce. If double top can hold and price reverse to the downside from here, we may likely see a deep pullback to retest 1.3140/77 zone. This is a call to just watch out for a Buy trade either at 1.3215/25 zone or a deep lower point 1.3140/77 zone.
NFP set the pace, 3163-3215 FVG a watch out for me.
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #863,613
  • Aug 4, 2025 2:59am Aug 4, 2025 2:59am
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  • #863,614
  • Aug 4, 2025 3:17am Aug 4, 2025 3:17am
G/M, London session so far happy to range in the tight Asian session pip range, which itself is within Fri's 3311 hi and the 3216 pullback lo off that hi, and of course price still within Fri's lo. Effectively 4 x1hr attempts (so far) to get north of the prev 1hr/4hr sw hi zone = prev res x 4 = pot res that extends up to Fri's hi now. So, no b/o's of anything yet.

1hr below
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Trader with an Edge.
  • #863,615
  • Edited 3:53am Aug 4, 2025 3:23am | Edited 3:53am
Eurusd tested 1551 but not gbpusd 3253 correspondingly so waiting eurusd breaks for 1517., ok 1536 may react corresponding 3253 again !
So far post London unable complete pa to bull before my open and if any high impact new sitting , no then only pa will follow
No news , almost nothing , so minimum worry to deal standard pa !! Good
Anyway gbpusd next care level 3244 instead 3253
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,616
  • Aug 4, 2025 3:36am Aug 4, 2025 3:36am
Quoting Waveskierrob
{quote} Could do with a 20 pip drop GOLD on the open but weekend markets showing +10 not a great indicator but does have a little bias...
3340 is a possibility
Insane in the Brain..
  • #863,617
  • Aug 4, 2025 3:54am Aug 4, 2025 3:54am
Inserted Video
  • #863,618
  • Edited 5:35am Aug 4, 2025 4:33am | Edited 5:35am
Somebody may playing aggressively and spikes up , waiting see when settle!
Now resistance 3311 and limit down 3289/3
Good signal will take again from eurusd breaks and hold 1550 again for 1517 and more play then!!

Broken 3289 , next 83 , if done then 3266 direct test breaks strong !!
Broken 3283 , go direct now !! If 3215 as of morning target and below it today !


Anyway still care correction 3350+- or 3225+- as weekly should still in bounce possibly !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,619
  • Aug 4, 2025 4:40am Aug 4, 2025 4:40am
Quoting ChiForex
GU is still weak on the weekly and daily even, while got rejected from the monthly but I prefer focusing on the weekly chart that's showing more clear bearish movement than the monthly. However, obviously next weekly candle will show definite several resistance levels to overcome. While EU looking stronger for the bulls, still closed slightly above critical weekly resistance I talked about before 1.1570s that got rejected from until late hours, then closed just little upper. Monthly resistance at 1.1670s, but next weekly candle open on Monday will...
Reminder of this advice regarding EURO/GBP short and GBP strength over the Euro...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,620
  • Aug 4, 2025 4:56am Aug 4, 2025 4:56am
first post here on the cable
seeing it on the sell side....
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