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Cable Update (GBPUSD)

  • #864,481
  • Aug 20, 2025 2:54am Aug 20, 2025 2:54am
waiting to 1.3517 for short.
it shouldn't drop before that.
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  • #864,482
  • Aug 20, 2025 3:13am Aug 20, 2025 3:13am
Quoting Whale
waiting to 1.3517 for short. it shouldn't drop before that. {image}
May be revise lower to 1.3508/10.

3470 is a bad stuff for me.

Good day dear brotherly.
Market Structure is the King.....
  • #864,483
  • Aug 20, 2025 3:13am Aug 20, 2025 3:13am
Quoting 3xtazzy
{quote} how did you determined your entry position? I’m pretty new to forex.
Before enlightenment, buy low sell high. After enlightenment buy low sell high.
Break the cake
  • #864,484
  • Aug 20, 2025 3:14am Aug 20, 2025 3:14am
Im also short GBPUSD from 1.35833. The CPI data screwed us this morning. Looking at PMI tomorrow it probably just crabs till then.
  • #864,485
  • Aug 20, 2025 3:16am Aug 20, 2025 3:16am
G/M, y/day's dly candle was bearish-bodied, but kind of an inverted hammer? Today so far, some Uk Cpi/Rpi data caused some fun, and the resultant 2nd upside b/o of the asian hi is still true right now. Price though still trades between last wk's hi and last wk's lo, with no b/o of either so far this week, but has climbed above the Dly Pivot after opening below it, but is still below the Wkly Pivot after dropping below it on Tuesday for the 2nd time this week. It remains above the Mthly Pivot, where it has been all this week so far. The asian lo/current dly lo which is the current wkly lo also, was a false 1st downside b/o of Yesterday lo.

1hr below
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Trader with an Edge.
  • #864,486
  • Aug 20, 2025 3:27am Aug 20, 2025 3:27am
[quote=Abeylyn;15357674]{quote} May be revise lower to 1.3508/10. 3470 is a bad stuff for me. Good day dear brotherly.[/quote
Proxy SMA are rubbing the shoulder around here,
however 3521-30 is feasible .
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #864,487
  • Edited 3:45am Aug 20, 2025 3:31am | Edited 3:45am
Quoting Moty
come on already !!! last time price was at 1.35881 , its dropped 170 pips in less then 40 hours , but when i am in the position , it's taking its time mf !!!!! {image} {image} {image}
Struggle bounce but eurusd not aligned or done a minimum yet , so real short opportunity may not before fomc at night ! So range up may continues
And go as high as possible before the news !
Probable next bounce up restart at 1630 eurusd
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #864,488
  • Aug 20, 2025 3:35am Aug 20, 2025 3:35am
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  • #864,489
  • Aug 20, 2025 3:40am Aug 20, 2025 3:40am
...intraday is just bullish so far today but could go either way. Price is above y/day's lo (after a false 1st downside b/o of it,) and above the asian hi on a 2nd upside b/o of it. When you look on the dly t/f @ the run up from 3140-3595 (1 bearish-bodied candle in 9) - don't be surprised to see bulls come back in somewhere, in force, to try and regain/surpass that hi.

Dly, then 4hr, below
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Trader with an Edge.
  • #864,490
  • Aug 20, 2025 3:51am Aug 20, 2025 3:51am
Quoting Theoak
{quote} added 1.3505 going add more soon if condition are met
Still holding on to this trade still feel there is movement to the upside.
Don't trade what you think. Just what you see!!!
  • #864,491
  • Aug 20, 2025 3:53am Aug 20, 2025 3:53am
the drop is coming
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yes yes yes
  • #864,492
  • Aug 20, 2025 3:55am Aug 20, 2025 3:55am
Quoting Theoak
{quote} Still holding on to this trade still feel there is movement to the upside.
added 1.3501 fully loaded up now aiming for 1.3517 - 20 region
Don't trade what you think. Just what you see!!!
  • #864,493
  • Aug 20, 2025 4:04am Aug 20, 2025 4:04am
...gmt+3hrs 4hr feed closed bullishly a few mins ago, as a bullish multi-engulfing of previous 3 candles on that t/f.

4hr below
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Trader with an Edge.
  • #864,494
  • Aug 20, 2025 4:14am Aug 20, 2025 4:14am
Quoting Yngwie
Sold 1.3508
closed 8p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #864,495
  • Aug 20, 2025 4:16am Aug 20, 2025 4:16am
...perhaps an upside b/o of y/day's hi (YH) might relieve some of the underlying bearishness of the last few days? Similarly, an upside break and clear of that middle descending t/line (on chart below) too, would help the bulls.

1hr below
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Trader with an Edge.
  • #864,496
  • Aug 20, 2025 4:33am Aug 20, 2025 4:33am
...WARNING to all 5min haters - 5min chart incoming!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

5min rangy right now! (Just killing time keeping my hands busy!)

5min below
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Trader with an Edge.
  • #864,497
  • Aug 20, 2025 4:41am Aug 20, 2025 4:41am
Waiting to touch that tpicall area and then will be the excution ahead
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  • #864,498
  • Aug 20, 2025 4:53am Aug 20, 2025 4:53am
CPI momentum might dominate until FOMC,
archiving good levels for bear, that's yesta's high might be kissed before melting,
3507 current H1 equil,
3496 current H4 equil,
so anything above this levels, validates my view.

ANYWAY WHO KNOWS ??
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #864,499
  • Edited 5:54am Aug 20, 2025 5:00am | Edited 5:54am
Quoting Headland
...WARNING to all 5min haters - 5min chart incoming!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 5min rangy right now! (Just killing time keeping my hands busy!) 5min below {image}
Likely a continuation pattern even having break out down next !!
If like to get more power below 3489 again !!
Anyway eurusd breaking 2647 for 2652 signal , may react before further ups!!
FOMC can be more shocking , anyway as will not play it better range up till then!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #864,500
  • Aug 20, 2025 5:05am Aug 20, 2025 5:05am
Quoting fontu
{quote} Likely a continuation pattern even having break out down next !! If like to get more power below 3489 again !! {image}
Hi. Thanks. Don't know really ...Y/day was characterized by a false downside b/o of the prev day's lo, then a strong rise up to it's hi, and finally a strong downmove below the prev day's lo again. So far today we have started the same, - let's see if we get the drop off below y/day's lo again, or if today pans out differently?
Certainly the Uk Cpi/Rpi reaction upside momentum has at least stalled.

1hr below
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