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Cable Update (GBPUSD)

  • #863,921
  • Aug 8, 2025 1:30pm Aug 8, 2025 1:30pm
EU is heading to get rejected for the 3rd time on a row on daily, to close below 1.1670, but on weekly it's closing way above 1.1610-25 weekly support that's a good setup for next week. Still a daily close below 1.1670 is keeping the outlook mixed and weak for bulls especially that monthly resistance is just 60 pips ahead!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,922
  • Aug 8, 2025 1:35pm Aug 8, 2025 1:35pm
GU is moving upward like a snail, obviously no time to target 1.3475-95 for today. Still managed to close above weekly turned support 1.3400s. Next week, new candle new targets..
Let's see
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,923
  • Aug 8, 2025 1:40pm Aug 8, 2025 1:40pm
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yes yes yes
  • #863,924
  • Aug 8, 2025 1:51pm Aug 8, 2025 1:51pm
Quoting Waveskierrob
{quote} I'm a bit in "no mans land" Leon do you have any suggestions... {image}
You and your gang have done nothing but discredit me, so to be honest I don't really have the desire to post here. Good luck to you.
Trade to trade another day
  • #863,925
  • Aug 8, 2025 2:30pm Aug 8, 2025 2:30pm
Good job eurusd at last ! Better breaks 1640 for 29 play as gbpusd still up at top !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,926
  • Aug 8, 2025 2:53pm Aug 8, 2025 2:53pm
Quoting Wavegarrick
{quote} You and your gang have done nothing but discredit me, so to be honest I don't really have the desire to post here. Good luck to you.
oh no Leon please dont leave us........again
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  • #863,927
  • Aug 8, 2025 3:24pm Aug 8, 2025 3:24pm
Quoting ChiForex
EU is heading to get rejected for the 3rd time on a row on daily, to close below 1.1670, but on weekly it's closing way above 1.1610-25 weekly support that's a good setup for next week. Still a daily close below 1.1670 is keeping the outlook mixed and weak for bulls especially that monthly resistance is just 60 pips ahead!
What an Epic 20 pips fall in EU Seems that a bull have a huge loan to pay before the weekend
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #863,928
  • Aug 8, 2025 3:25pm Aug 8, 2025 3:25pm
Quoting Wavegarrick
{quote} You and your gang have done nothing but discredit me, so to be honest I don't really have the desire to post here. Good luck to you.
I disagree with your statement Wavegarrick. You were the one that actually and secretly formed synergy with certain group that was discrediting traders here...

Yours is even more vicious than the common cat and rat funny jokes because those ones were open but you and your secret loyalist never argue with anyone but takes revenge in Support of critics...

Review our relationship, view past post between us and give me reasons why u decided to place me on ignore list..... Reason is because I Talk Too Much against Dempire... Nubcake also...

You are in charge of your decision but consequences of wrong decision stays with you forever.

I wish you luck in your carrier.
Market Structure is the King.....
  • #863,929
  • Aug 8, 2025 4:03pm Aug 8, 2025 4:03pm
Closing Technical Situation.

In summary, the week was already looking bullish but struggling @ significant potential sbr level/zone when the Boe Mpc 0-5-4 vote’s closeness surprised the market, and helped the bulls by giving it a further boost to the upside, through that obstacle.

* The week opened below the now old Wkly Pivot but climbed above it on Tues after a few false attempts, and stayed there for the rest of the week, and in fact closes the week out above the now old Wkly R1. Price climbed above the Mthly Pivot on Thursday for the 1st time after opening the new mth below it, and stayed there, closing the week above it.

* Price spent most of the week in the previous wk’s hi to lo pip range, only climbing above it late in Friday trading for a false 1st upside b/o of it’s 3453 hi to a 3459 wkly hi @/around the descending t/line that joins 3788 with 3588.

* 50% of the total recent main move fall [3788 (current yrly hi) – 3140 (current mthly lo,)] is just above the now old wkly (& current mthly) 3459 hi, @ 3464.

* 61% of 6mth amr has been traveled by price lo-hi so far this mth. The still developing Mthly candle closes the week out looking bullish.

* The < 13wk awr (92%) Wkly candle closes as a bullish engulf thrust candle of the previous wk’s bearish-bodied hammer candle. The candle creates a fractal swing LL @ last wk’s 3140 lo, (after the 3365 L,) in the t/f’s now general (from previously classic) uptrend.

* The < 30day adr (44%) and 6th consecutive bullish-bodied (just,) despite the low odds Dly candle closes as a small pip range doji - ish type candle (?) with a slight upside follow-thru on Thursday’s v. bullish candle close on the t/f. Difficult to judge the state of play on this t/f accurately now. Perhaps it is rangy (most recently bullish) now, between 3139 and 3788?

* The 4Hr t/f closes the week out in a general uptrend, and it’s last candle close was a doji/pinbar. 1Hr too closes the week out in a general uptrend.

So, the week closes strongly bullishly overall. The highlights of next week’s scheduled event-risks insofar as data is concerned are; U.s Cpi, PPi, and Retail sales, and Uk Gdp. These may have a bearing on price.

Hope everyone had a good trading week.

Wkly, Dly, then 4Hr (with 10/20/40 ema crosses graphic) below.
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Trader with an Edge.
  • #863,930
  • Aug 8, 2025 4:22pm Aug 8, 2025 4:22pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #863,931
  • Aug 8, 2025 4:40pm Aug 8, 2025 4:40pm
Quoting Bones
{image}
You can't beat the weekly engulfing bar Especially after Bailey made hawkish comments + BoE inflation expectations revised higher despite the rate cut.

Factor in that FED is slowly becoming a muppet desk Erdogan style and there you have a rocket called GBP
You have to have an IQ higher than 90 to interact with this user.
  • #863,932
  • Aug 8, 2025 11:34pm Aug 8, 2025 11:34pm
Quoting Abeylyn
{quote} I disagree with your statement Wavegarrick. You were the one that actually and secretly formed synergy with certain group that was discrediting traders here... Yours is even more vicious than the common cat and rat funny jokes because those ones were open but you and your secret loyalist never argue with anyone but takes revenge in Support of critics... Review our relationship, view past post between us and give me reasons why u decided to place me on ignore list..... Reason is because I Talk Too Much against Dempire... Nubcake also... You...
He'll never change as long as he keeps thinking he's the victim in all this...
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...don't worry he'll be back, i'm running a book on it...

Wavegarrick to post again after :-

1 day evens
2 days 2/1
1 week 10/1
1 month 100/1
1 year 1000/1
Never again 1000000/1
  • #863,933
  • Edited 4:30am Aug 9, 2025 1:20am | Edited 4:30am
Quoting Bones
{image}
Good to see , may sandwich in the making next week! Anyway overall weekly monthly bull target was 141.01 ,done over137.68 can be enough as correction . And again in correction down now done perfect test first confirmation 3134 and bounce perfect to 3447 and more even at against triple resistances too , that is this last bounce was exaggerated .anyway may try best next week with probable engulfing again or a doji while correction targets go typically after reconfirm fist confirmation as hs even minimum below 2680 before 141.01 test and breaks for up. Apparently market not matured enough yet for this great bull with usdx tanking mode, so eventually usdx should bounce to medium up before final down towards may 86 .
Usdx as seen last night , typically correct below 97.91 ,above also ok as extension 4 to up first target 98.60
Anyway it was apparently 2 weeks usdx bounce and 3 Rd / this week was decision making , but market thinking differently usdx sticking to base for bounce last 2 weeks and may planning the bounce over time as settle the tl support precisely , pass the test and broken down and hold. So may ready bounce without great tanking next week's !
Actually usdx perfectly rested monthly , that is why weekly calculation not match and market in hurry even, so feed more before taken out!!there is still great chance monthly bull candle start soon to retest pullback cc k and bounce minimum at start 98.60 to 105+ , enough for panic tanking for the rest even though great bull others readying as well , time may not match so soon!! Some disaster needed in the US economy or global!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #863,934
  • Aug 9, 2025 2:13am Aug 9, 2025 2:13am
Quoting Nordling
{quote} You can't beat the weekly engulfing bar Especially after Bailey made hawkish comments + BoE inflation expectations revised higher despite the rate cut. Factor in that FED is slowly becoming a muppet desk Erdogan style and there you have a rocket called GBP
.

A step ahead to monthly reveal the candle is an inside Bar that follows last month bearish engulfing candle.

Besides, the weekly engulfing is not technically substantiated by weekly Support from its origin but has a weekly resistant to contend at current high.

In my opinion, technicals still favours the Bear until breakout of 1.3575/88 zone.

However, price will always do whatever it feels without any sentiment.

Nice weekend brotherly.
Market Structure is the King.....
  • #863,935
  • Aug 9, 2025 10:16am Aug 9, 2025 10:16am
Quoting Abeylyn
{quote} I disagree with your statement Wavegarrick. You were the one that actually and secretly formed synergy with certain group that was discrediting traders here... Yours is even more vicious than the common cat and rat funny jokes because those ones were open but you and your secret loyalist never argue with anyone but takes revenge in Support of critics... Review our relationship, view past post between us and give me reasons why u decided to place me on ignore list..... Reason is because I Talk Too Much against Dempire... Nubcake also... You...
Huh
Quote
You were the one that actually and secretly formed synergy with certain group that was discrediting traders here...
Are you not doing the same by siding with this group?
Quote
you and your secret loyalist never argue with anyone but takes revenge in Support of critics..
Can the same not the same be said about you? 
Be careful because you are caught hook line and sinker by this group and to them you are just a sheeple.
Quote
give me reasons why u decided to place me on ignore list.....
I don't owe you anything and I can decide who to ignore or not.
Trade to trade another day
  • #863,936
  • Aug 9, 2025 11:48am Aug 9, 2025 11:48am
Quoting Wavegarrick
{quote} Huh {quote} Are you not doing the same by siding with this group? {quote} Can the same not the same be said about you?  Be careful because you are caught hook line and sinker by this group and to them you are just a sheeple. {quote} I don't owe you anything and I can decide who to ignore or not.
Wow Leon looks like Abeylyn has really rattle you..., but they do say "truth hurts"..., just like to say that after this post I'm never ever ever ever ever going to post on this thread again..., making it obvious to everyone that I'll never post again......so...
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  • #863,937
  • Aug 9, 2025 11:49am Aug 9, 2025 11:49am
Quoting Waveskierrob
{quote} He'll never change as long as he keeps thinking he's the victim in all this... {image} ...don't worry he'll be back, i'm running a book on it... Wavegarrick to post again after :- 1 day evens 2 days 2/1 1 week 10/1 1 month 100/1 1 year 1000/1 Never again 1000000/1
All bets are off as Leon (wavegarrick) post again under 1 day
  • #863,938
  • Aug 9, 2025 12:54pm Aug 9, 2025 12:54pm
Quoting Wavegarrick
{quote} Huh {quote} Are you not doing the same by siding with this group? {quote} Can the same not the same be said about you?  Be careful because you are caught hook line and sinker by this group and to them you are just a sheeple. {quote} I don't owe you anything and I can decide who to ignore or not.
Instead of you to retrace your step and get your priority right, you decide to lure me into what does not exist. I don't support any act of indiscipline. Here basically to share and add more to already accumulated knowledge which has actually paid off.

Just wondering how YOU can be referring to someone talking you down having witnessed Dempire and Nubcake does whatever and supported them...

Yes, you have the right to ignore me. It's just so unfortunate I held you on high esteem when it happened. And afterwards, it doesn't matter any longer because it goes all out to reveal your real attitude.

You ignored someone that has a key to your errors of several years, someone who can lead you up and grant full access to your long term desire. Somebody who can show you the tin line that separate success from failure... Congratulations to you.

Just as I said earlier, the choice is yours.

Good luck man.
Market Structure is the King.....
  • #863,939
  • Aug 9, 2025 1:01pm Aug 9, 2025 1:01pm
Quoting Abeylyn
{quote} Instead of you to retrace your step and get your priority right, you decide to lure me into what does not exist. I don't support any act of indiscipline. Here basically to share and add more to already accumulated knowledge which has actually paid off. Just wondering how YOU can be referring to someone talking you down having witnessed Dempire and Nubcake does whatever and supported them... Yes, you have the right to ignore me. It's just so unfortunate I held you on high esteem when it happened. And afterwards, it doesn't matter any longer...
Excellent post, now Leon has two arseholes...
  • #863,940
  • Aug 9, 2025 1:42pm Aug 9, 2025 1:42pm
Quoting Waveskierrob
{quote} He'll never change as long as he keeps thinking he's the victim in all this... {image} ...don't worry he'll be back, i'm running a book on it... Wavegarrick to post again after :- 1 day evens 2 days 2/1 1 week 10/1 1 month 100/1 1 year 1000/1 Never again 1000000/1
Yeah, I guess I have stooped down to your level of shit talk, derogatory memes and no trading and if you have posted a trade it's always been after the fact.
Trade to trade another day
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