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Cable Update (GBPUSD)

  • #864,541
  • Aug 21, 2025 4:12am Aug 21, 2025 4:12am
...the area just @/under current wkly lo and marked by the horizontal dash-dot-dot white line has seen 8 swing points, (circled) both ways on this dly chart.

dly below
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Trader with an Edge.
  • #864,542
  • Aug 21, 2025 4:20am Aug 21, 2025 4:20am
Quoting Yngwie
Long 1.3435
Closed 40p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #864,543
  • Aug 21, 2025 4:31am Aug 21, 2025 4:31am
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yes yes yes
  • #864,544
  • Aug 21, 2025 4:45am Aug 21, 2025 4:45am
...so, upside follow thru's on the 1hr and 4hr (gmt+3hrs price feed) candles @ current dly lo - similar types, ie bullish hammer-esq multi bullish engulf candles.... Intraday bullish so far today now, 1hr and 4hr probably still in general downtrends? Strong intraday move up now again (like tues/weds) off the current dly lo, (which again was a false 1st downside b/o of y/day lo and asian lo,) and now a 1st 1hr (2nd on lower t/s's) upside b/o of asian hi.

1hr below
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Trader with an Edge.
  • #864,545
  • Aug 21, 2025 5:17am Aug 21, 2025 5:17am
...supply comes in @ base of the 3 fib cluster / steepest desc t/line shown on 1hr chart in post above. Is this the start of the same pattern of last 2 days. ie the sell-off from above the asian hi to a new dly/wkly lo, -or- will today buck that pattern,? if you can call 2 days a pattern!?

5min chart inbound, locked on, - take cover all the 5min haters, it's coming atcha !!

5min below
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Trader with an Edge.
  • #864,546
  • Aug 21, 2025 5:26am Aug 21, 2025 5:26am
Quoting Waveskierrob
{quote} Bias SHORT now on GOLD
GOLD moving like a "Goddess"...
  • #864,547
  • Aug 21, 2025 5:36am Aug 21, 2025 5:36am
Thank you UJ back to b/e! All this upward move looks scary to me lol. However if the US data is green we could see it move towards the bigger resistance area of 148-14830
Insane in the Brain..
  • #864,548
  • Aug 21, 2025 5:38am Aug 21, 2025 5:38am
Quoting Abeylyn
{quote} 1.3465/1.3474 zone resistant is key for me...
PA as at now .....
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MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #864,549
  • Aug 21, 2025 5:41am Aug 21, 2025 5:41am
Quoting Waveskierrob
{quote} Bias SHORT now on GOLD


...bias LONG now GOOOOOLD...
  • #864,550
  • Aug 21, 2025 5:47am Aug 21, 2025 5:47am
Quoting Waveskierrob
{quote} ...bias LONG now GOOOOOLD...
out of UJ joining you
Insane in the Brain..
  • #864,551
  • Aug 21, 2025 5:48am Aug 21, 2025 5:48am
I have the Gbpusd Dly below marked up as a potential expanding triangle where point 5 can be a fib retrace or ext of move 3-4. For a 'proper' Inverted H&S pattern though, doesn't the right shoulder have to be lower than the left shoulder? I can't remember.

Dly below
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Trader with an Edge.
  • #864,552
  • Aug 21, 2025 5:58am Aug 21, 2025 5:58am
...can the bulls do something to relieve the underlying bearishness in this pairing of the last few days? Might need an upside break and clear of Y/day's hi to achieve that?U.s data later may play a part. Price is currently attempting a bounce from the asian hi/38.2% of the main intraday move up.

1hr below
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Trader with an Edge.
  • #864,553
  • Aug 21, 2025 6:42am Aug 21, 2025 6:42am
Quoting Waveskierrob
{quote} ...bias LONG now GOOOOOLD...
" I love's it, when a plan comes together" said in an English West Country accent
  • #864,554
  • Aug 21, 2025 6:55am Aug 21, 2025 6:55am
yes
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yes yes yes
  • #864,555
  • Aug 21, 2025 7:12am Aug 21, 2025 7:12am
Come on mister goldi
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yes yes yes
  • #864,556
  • Aug 21, 2025 7:17am Aug 21, 2025 7:17am
I thought this was a GBP/USD thread!
  • #864,557
  • Aug 21, 2025 7:21am Aug 21, 2025 7:21am
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yes yes yes
  • #864,558
  • Aug 21, 2025 7:29am Aug 21, 2025 7:29am
Added long
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  • #864,559
  • Aug 21, 2025 7:30am Aug 21, 2025 7:30am
Quoting Moty
{image}
I took a short

How certain are you?
  • #864,560
  • Aug 21, 2025 7:44am Aug 21, 2025 7:44am
Quoting GeePee
{quote} I took a short How certain are you?
dx with 2 bearish engulfing candles , it looks like it want to go down
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yes yes yes
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