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Cable Update (GBPUSD)

  • #864,121
  • Aug 13, 2025 4:31am Aug 13, 2025 4:31am
Quoting Georginson
GU distance now 431 pips, I now expect a sell from 1.3570 to 1.3380 in days ahead.
Hi, interesting. 83% of 6mth (518pips,) amr traveled so far this mth, so not 'over-stretched' in that sense (yet?) 78% of 13wk awr traveled so far this week. Price has just entered the dly part of the prev 1hr/4hr/dly sw hi zone = pot res that extends up to 3588.
Trader with an Edge.
  • #864,122
  • Aug 13, 2025 4:34am Aug 13, 2025 4:34am
Sold 3574 sl 3820 tp 3300
  • #864,123
  • Aug 13, 2025 4:37am Aug 13, 2025 4:37am
Quoting voeltoez
Sold 3574 sl 3820 tp 3300
3300 is quite far away. Is it a typo error?
  • #864,124
  • Aug 13, 2025 4:52am Aug 13, 2025 4:52am
Quoting Fishbones
{quote} 3300 is quite far away. Is it a typo error?
Nope its long term, because i cant trade again until next month, busy working
  • #864,125
  • Aug 13, 2025 5:02am Aug 13, 2025 5:02am
Sell 1.3577 will add 1.3585
  • #864,126
  • Aug 13, 2025 5:06am Aug 13, 2025 5:06am
Quoting randu
{quote} Start long Goldy 3350
Close all 3365

waiting NY
  • #864,127
  • Aug 13, 2025 5:11am Aug 13, 2025 5:11am
Quoting Georginson
GU distance now 431 pips, I now expect a sell from 1.3570 to 1.3380 in days ahead.
If this is properly aligned, then I will give you the title ForexAmbadsador/ FXWizard / FXDirectory / FXCompedium / FXCompass / FXMapGPS
Market Structure is the King.....
  • #864,128
  • Edited 5:27am Aug 13, 2025 5:11am | Edited 5:27am
...you will see from the dly chart below that the prev sw hi zones that extend to 3588, 3619, then 3681 were actually first tests on the prev sw lo zones as pot sbr that start @ 3525, 3562, then 3673 respectively on that t/f. So, the result is 'layered/coexistent' potential res & sbr zones all the way up from current dly hi to circa 3694 on this dly t/f. 3788 is last mth's/current yrly hi.

EDIT: corrected a mistake on chart.

Dly below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #864,129
  • Aug 13, 2025 5:22am Aug 13, 2025 5:22am
Quoting Abeylyn
{quote} If this is properly aligned, then I will give you the title ForexAmbadsador/ FXWizard / FXDirectory / FXCompedium / FXCompass / FXMapGPS
I really anticipate this to align to earn all these titles . Lol. On the light note, there is a small resistance at 1.3588.
Data + Stat + Risk/Emotions Management
  • #864,130
  • Aug 13, 2025 5:27am Aug 13, 2025 5:27am
Continued bull non stop , usdx continues breakout down still and next target still away 96.85 corresponding usdx 3590 and gbpusd may not stop at a previous high target 3590 , so extend up towards 3633 possible
Anyway still 3590 will care and may little correct!
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #864,131
  • Aug 13, 2025 5:29am Aug 13, 2025 5:29am
It started suddenly, personally I'm waiting for a structure especially since there's Trump this afternoon
  • #864,132
  • Edited 5:43am Aug 13, 2025 5:29am | Edited 5:43am
Quoting Georginson
{quote} I really anticipate this to align to earn all these titles . Lol. On the light note, there is a small resistance at 1.3588.
I watch you moved it from the monthly low to this point.

Recall we actually interacted before the reversal. Here is the bus stop that we have to share related tricks again.....

If we encounter reversal from here, it is most likely that this months low will be taken out latest by next month on assumption breakout of 1.3488 validate current months low.

Its a wonderful talent..
Market Structure is the King.....
  • #864,133
  • Aug 13, 2025 5:38am Aug 13, 2025 5:38am
Quoting Zebi
{quote} added a small long at 3500 mostly from boredom and little fomo incase it flies while i go to bed ill add a bigger sixe buy order at 3470 incase it falls there when im sleeping still think will touch 3575 then retrace some and hit 3800 next month since humpty trying to stop job releases LOL
All happened while you were getting your beauty sleep.
  • #864,134
  • Aug 13, 2025 6:06am Aug 13, 2025 6:06am
Quoting Abeylyn
{quote} I watch you moved it from the monthly low to this point. Recall we actually interacted before the reversal. Here is the bus stop that we have to share related tricks again..... If we encounter reversal from here, it is most likely that this months low will be taken out latest by next month on assumption breakout of 1.3488 validate current months low. Its a wonderful talent..
The price is always tricky... Sometimes obey resistance and support, other times it will flex it's muscle and disobey. So how do we get profitable other than patience, risk management and well timed entries and exits which may still fail sometimes but win most times.
Data + Stat + Risk/Emotions Management
  • #864,135
  • Aug 13, 2025 6:20am Aug 13, 2025 6:20am
Attached Image (click to enlarge)
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yes yes yes
  • #864,136
  • Aug 13, 2025 6:58am Aug 13, 2025 6:58am
Looks like the sellers might have to bend over for just a little longer.
  • #864,137
  • Edited 7:23am Aug 13, 2025 7:12am | Edited 7:23am
Quoting MrFanciful
Looks like the sellers might have to bend over for just a little longer.
It's going to be a difficult task because this is a multi-time frame resistant though anything may happen later at least after reasonable pullback....


But sometimes, price movement can be funny.
Market Structure is the King.....
  • #864,138
  • Aug 13, 2025 7:17am Aug 13, 2025 7:17am
Quoting Zebi
started goin long 3419
Quoting Zebi
{quote} added a small long at 3500 mostly from boredom and little fomo incase it flies while i go to bed ill add a bigger sixe buy order at 3470 incase it falls there when im sleeping still think will touch 3575 then retrace some and hit 3800 next month since humpty trying to stop job releases LOL
my TP got hit so im out....its just profit taking cause still think price needs to revisit 3800 in next couple of weeks

be long and strong

ill start buying on a retrace back to 3500 if gets there otherwise on daily buy signals
short trump and go long the deepstate
  • #864,139
  • Aug 13, 2025 7:32am Aug 13, 2025 7:32am
Quoting Abeylyn
{quote} It's going to be a difficult task because this is a multi-time frame resistant though anything may happen later at least after reasonable pullback.... But sometimes, price movement can be funny.
I think the DXY is going to want to attempt breaking the 17 year trend line again (long pink line)

At some point in the not so distant future, I also think that even if the DXY does go down for a large move below the trendline, GBP will go down harder than the dollar. Just because the DXY goes up or down doesn't mean the currencies in that basket do the opposite. They don't have a -1 correlation. People used to think that when bond yields went up, so did the dollar, but that's be proven completely false. Also gold rising when bond yields go up? That's not "supposed" to happen.

So GU can go down at the same time that the DXY goes down.
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  • #864,140
  • Aug 13, 2025 7:40am Aug 13, 2025 7:40am
Quoting MrFanciful
{quote} I think the DXY is going to want to attempt breaking the 17 year trend line again (long pink line) At some point in the not so distant future, I also think that even if the DXY does go down for a large move below the trendline, GBP will go down harder than the dollar. Just because the DXY goes up or down doesn't mean the currencies in that basket do the opposite. They don't have a -1 correlation. People used to think that when bond yields went up, so did the dollar, but that's be proven completely false. Also gold rising when bond yields...

nice that you're thinking out of the box with humpty destroying the world economy anythings possible LOL

got any historical examples?
short trump and go long the deepstate
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