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Cable Update (GBPUSD)

  • #863,781
  • Aug 6, 2025 4:29pm Aug 6, 2025 4:29pm
Quoting ChiForex
Good news for bears that EU got rejected from the higher daily resistance, today first retracement is at 1.1625, and 1.1610 that also correspond to the 4 hr support should hold, under 1.1600 will take the pair to 1.1570s while only a base above 1.1670 can target higher levels like 1.1690s to possibly 1.1730s. GU retracement placed at 1.3310/20 while the upside looks held by 1.3380/90, at least before BOE. Afterwards, we have down to 1.3240s to 1.3210s or up to 1.3420s and ~1.3475 will hold. As you see wide range today and we're at the exact midway...
Reminder that the EU weekly resistance that got penetrated by the daily candle is at 1.1610/20, so this what's important to look at until friday weekly close, next real stop not before 1.1730s while for GU it's still content by 1.3360s and up to 1.3380 resistances, next real stop not before 1.3470s if possible!
We'll be monitoring first today's daily levels to determine...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,782
  • Aug 6, 2025 4:31pm Aug 6, 2025 4:31pm
Short Gold, target > 3330
  • #863,783
  • Aug 6, 2025 4:57pm Aug 6, 2025 4:57pm
Long EURGBP, target > 0.8770
  • #863,784
  • Aug 6, 2025 5:02pm Aug 6, 2025 5:02pm
Before some start having legs shaking just remember that the recent monthly high for EU is 170 pips from here while the low of the continuous bullish movement is at 1.02, ain't hard to make your R-R maths And if you can't, take it as simple as a casino gambling for 170 or say 200 pips
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,785
  • Aug 6, 2025 7:03pm Aug 6, 2025 7:03pm
Short 1.3360
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #863,786
  • Aug 6, 2025 8:49pm Aug 6, 2025 8:49pm
The USD/JPY 4-hour chart is in a squeeze state for several days, and the daily AverageCross Nico Mark is also moving up and down (h4 is a document instruction, H1 is a telephone sign). The RSI also turned upward yesterday, but the SUB has an up arrow, so will it rise today? The M30 chart is also showing a clear upward trend. It is already in the high range, so if there is a pullback, I would like to go long.
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  • #863,787
  • Aug 6, 2025 9:01pm Aug 6, 2025 9:01pm
The long position I set up before going to bed yesterday on the 30-minute GBP/USD chart has risen to a high, so I'm closing it. The H1 signal is already crossing red and blue. Even if there isn't a strong drop right away, it looks like it's going to squeeze and become a range, so I'll wait and see.
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  • #863,788
  • Aug 6, 2025 11:05pm Aug 6, 2025 11:05pm
So it still up after 3363 target and next possible target try hard 3385+, watching
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,789
  • Aug 6, 2025 11:12pm Aug 6, 2025 11:12pm
Quoting Yngwie
Short 1.3360
closed BE
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #863,790
  • Aug 6, 2025 11:23pm Aug 6, 2025 11:23pm
Quoting ALIpk1317
{quote} market has achieved the required FVG, now waiting for it to clean the liquidity {image}
goog to see that it has acheived the target liquidity
  • #863,791
  • Aug 6, 2025 11:28pm Aug 6, 2025 11:28pm
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GU looks bullish
  • #863,792
  • Aug 6, 2025 11:51pm Aug 6, 2025 11:51pm
Go long again on GBP/USD. It is pushing up the D1 line (dark blue line) again, so it may be okay to leave it until it touches the stop loss.
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  • #863,793
  • Aug 6, 2025 11:58pm Aug 6, 2025 11:58pm
The 4-hourly line (gray line) of the USD/JPY is parallel and in a range, so it is difficult to determine the trigger for a large fluctuation. Should I go long in London?
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  • #863,794
  • Aug 7, 2025 12:15am Aug 7, 2025 12:15am
Sold 1.3370
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #863,795
  • Aug 7, 2025 12:37am Aug 7, 2025 12:37am
That engulfing close, was my exit 7 pips shy to my actual tp.
Means or product , which matters?
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #863,796
  • Aug 7, 2025 12:45am Aug 7, 2025 12:45am
the mf went up again for 2 pips , and for taking the stops
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yes yes yes
  • #863,797
  • Aug 7, 2025 1:39am Aug 7, 2025 1:39am
GU still in the expected movement to touch 1.3380/90 while the EU still clowning, however my are ready for BOE, with deep pockets will laugh at EU bulls sooner or later
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,798
  • Aug 7, 2025 1:44am Aug 7, 2025 1:44am
Quoting ChiForex
GU still in the expected movement to touch 1.3380/90 while the EU still clowning, however my are ready for BOE, with deep pockets will laugh at EU bulls sooner or later
heavy crash awaits
Data + Stat + Risk/Emotions Management
  • #863,799
  • Aug 7, 2025 1:46am Aug 7, 2025 1:46am
Waiting for target still
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,800
  • Aug 7, 2025 1:47am Aug 7, 2025 1:47am
3390 on my radar
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