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Cable Update (GBPUSD)

  • #863,681
  • Aug 5, 2025 4:24am Aug 5, 2025 4:24am
Long only until 3210 break, 3400 first
  • #863,682
  • Aug 5, 2025 4:31am Aug 5, 2025 4:31am
I think the USD/JPY long position still has room to rise, but I'm going to close it down for now, aiming for a pullback. I've already made a decent profit.
The USD/JPY hourly chart is showing a red call pullback. If the blue call comes out, I'll re-enter the position, what do you think?

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  • #863,683
  • Aug 5, 2025 4:35am Aug 5, 2025 4:35am
Quoting ChiForex
GU looking forward to finally attack the weekly resistance at 1.3350s-60s, who wanna sell the EU can match that price to where the EU will reach at that time, also remember my advice about the EURO/GBP. Generally, both pairs are looking to base on medium term downtrend, EU looking at ~1.1420 first support on the way..while GU has 1.3190s..eventually we'll surely reach to these levels. Shorts but at my said levels is a more guarantee than longs, though a long at crucial support levels can get you good amount of pips up to 100..but you'll not be trading...
***An always reminder, DO NOT TRADE MIDWAY, like even if I see GU wanna target 1.3350s, I'll not buy now coz that will mean not just a big TP 1.3350s but also a bigger SL like below 1.3190s, moreover I'll be trading against the higher time frame chart trend. I prefer to wait for the retracement at resistance to sell if I don't yet have shorts at higher levels. While who didn't yet short at higher levels, it was safer to short just below 1.16 targeting ~1.1420 with SL at a base above 1.16 on weekly to max. above 1.17 later on.., so here you see TP ~170 pips and SL ~100 pips
While for GU the short is at 1.3350-60s first TP 1.3190s and down to 1.3000s...SL at a base above 1.3350-60s on weekly unless it flies up to above 1.3470s quickly! You can understand here that those who're very protective or reluctant can wait for the "possible" 1.3470s to short but such mentality in trading can make you loose a lot of opportunities, though can be way less risky.
Though as I said before, it all depends on the trader's trading style, many prefer up to 50 pips profit max or/& are not patient so they trade midway to try catching a move..although it's obviously kind of gambling choosing a one direction. Especially when seeing that SL is way bigger, looking at the levels I mentioned above.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,684
  • Aug 5, 2025 6:01am Aug 5, 2025 6:01am
3324 can be hit today ..daily R1 first buy target
Intraday only.
  • #863,685
  • Aug 5, 2025 6:19am Aug 5, 2025 6:19am
Quoting ChiForex
{quote} ***An always reminder, DO NOT TRADE MIDWAY, like even if I see GU wanna target 1.3350s, I'll not buy now coz that will mean not just a big TP 1.3350s but also a bigger SL like below 1.3190s, moreover I'll be trading against the higher time frame chart trend. I prefer to wait for the retracement at resistance to sell if I don't yet have shorts at higher levels. While who didn't yet short at higher levels, it was safer to short just below 1.16 targeting ~1.1420 with SL at a base above 1.16 on weekly to max. above 1.17 later on.., so here you...
Today's Daily targets for GU at ~1.3210 to 1.3190s crucial support while EU plants a line at ~1.1500
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,686
  • Aug 5, 2025 6:22am Aug 5, 2025 6:22am
This channel is simply excellent, from the beginning of the day 5 trades
with a 5-10 pips stop against a 20 pips take profit,
I did some stupid things but I took one trade properly and got it all back.
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yes yes yes
  • #863,687
  • Aug 5, 2025 6:38am Aug 5, 2025 6:38am
It's almost like the market makers read this forum.
  • #863,688
  • Aug 5, 2025 6:43am Aug 5, 2025 6:43am
Quoting ChiForex
{quote} Today's Daily targets for GU at ~1.3210 to 1.3190s crucial support while EU plants a line at ~1.1500
Friday a BUEOB, why are you expecting such a drop? I see the USDX rising, is that your reasoning? Cheers
  • #863,689
  • Aug 5, 2025 7:02am Aug 5, 2025 7:02am
Quoting Waveskierrob
{quote} Still bias SHORT on this one GOLD, BE 3351, wish me luck everyone...
have it,...bias LONG
  • #863,690
  • Aug 5, 2025 7:07am Aug 5, 2025 7:07am
Quoting navk
3324 can be hit today ..daily R1 first buy target
Got out of trades ..

Now will wait for clear entry.

If not, I may trade at extremes for today.
Intraday only.
  • #863,691
  • Aug 5, 2025 7:11am Aug 5, 2025 7:11am
Quoting MrFanciful
It's almost like the market makers read this forum.
This ping pong is a precipitate of something sinister behind our open eyes, only ........ can smell it.
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #863,692
  • Aug 5, 2025 7:26am Aug 5, 2025 7:26am
Waiting for 3260 breaks and hold for low target if works this time and then easy target may be 3187 to previous low! May reacts for last time 3253 still
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,693
  • Aug 5, 2025 7:26am Aug 5, 2025 7:26am
The upcoming RED NEWS could be the icebreaker, who knows .....?
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #863,694
  • Aug 5, 2025 7:28am Aug 5, 2025 7:28am
bears trap imo
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yes yes yes
  • #863,695
  • Edited 7:59am Aug 5, 2025 7:43am | Edited 7:59am
Quoting Moty
bears trap imo {image}
Could be usdx , but may not that easy tanking yet , weekly up , daily up after a doji I see ,may doji or so at end next !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,696
  • Aug 5, 2025 8:27am Aug 5, 2025 8:27am
ty
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yes yes yes
  • #863,697
  • Aug 5, 2025 8:32am Aug 5, 2025 8:32am
after a long 36 hours of immense battle 1.326ish ignites bull.
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Keep the Lights on then you can catch the rise from the dark.
  • #863,698
  • Aug 5, 2025 8:34am Aug 5, 2025 8:34am
Quoting Waveskierrob
{quote} have it,...bias LONG
joined you albeit a bit late
Insane in the Brain..
  • #863,699
  • Aug 5, 2025 8:37am Aug 5, 2025 8:37am
finally a small bite with tight sl
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #863,700
  • Aug 5, 2025 9:17am Aug 5, 2025 9:17am
Quoting BeeTogether
{quote} joined you albeit a bit late
I'm out now thanks GOLD ...
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