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Cable Update (GBPUSD)

  • #864,601
  • Aug 22, 2025 2:22am Aug 22, 2025 2:22am
Quoting Waveskierrob
Bias LONG GOLD...
Thank you please...
  • #864,602
  • Aug 22, 2025 2:29am Aug 22, 2025 2:29am
Quoting Waveskierrob
{quote} Thank you please...
Still long or flipped back down? I’m holding long till 3336/7 and then back to short for the lower band
Insane in the Brain..
  • #864,603
  • Edited 3:04am Aug 22, 2025 2:40am | Edited 3:04am
G/M, 4th consecutive bearish-bodied dly candle y/day. Today so far a rise up then drop down to a new current wkly lo in asia (also current dly lo obviously) and a rise up continued into early London trading. The lo is @/around the Mthly Pivot and @ bottom of a prev 1hr sw lo zone = prev supp x 1now = pot supp from 7th Aug. For the 4th consecutive day we have a false downside b/o of Y/day's lo.

EDIT: corrected the chart.

1hr below
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Trader with an Edge.
  • #864,604
  • Aug 22, 2025 2:45am Aug 22, 2025 2:45am
Quoting ChiForex
Watch for possible retracement movements by EU to 1.1630s and GU to 1.3445-55
Have to remind too as to stay cautious folks that today is the weekly close and that's very crucial for both and all pairs.
Here we're talking about a playful game, bulls might try to target a weekly close for GU above 1.3445-55 up to just below 1.3480, while EU at 1.1640s-60 crucial range. Bears will try to hold tight to close the weekly as lower as possible. Starting from the first resistances of my quoted post...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #864,605
  • Aug 22, 2025 2:50am Aug 22, 2025 2:50am
...the pattern of the last 3 days has been a small rise up in Asia followed by a fall below the asian lo and the prev day's lo, a strong rise up above the asian hi, and then an even stronger move down from the day's hi to a the day's lo - below the asian lo and y/day's lo. It's freaky friday - what will happen today? Price opened below the Dly Pivot and is still there, and is stilll below the Wkly Pivot and has made a false 1st downside b/o of last wk's lo. 78% of 13wk awr traveled so far this week, on this the last trading day of the week.

50% of the recent main move 3140-3595 is below current dly/wkly lo @ 3366. Wkly S2 is @/around 3320, with 61.8% of that move @ 3315.

4hr with 10/20/40 ema crosses graphic, below
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Trader with an Edge.
  • #864,606
  • Aug 22, 2025 2:51am Aug 22, 2025 2:51am
Quoting BeeTogether
{quote} Still long or flipped back down? I’m holding long till 3336/7 and then back to short for the lower band
Got out just in time ..lucky...LONG bias again...
  • #864,607
  • Aug 22, 2025 3:13am Aug 22, 2025 3:13am
...you can see on my 2 charts in posts above that price is fighting to get upside of a prev 4hr sw lo zone = pot sbr, and 2 x prev 1hr sw lo zones = pot sbr. On 4hr it extends up to circa 3422.
Trader with an Edge.
  • #864,608
  • Aug 22, 2025 3:19am Aug 22, 2025 3:19am
Expecting at least a single more bearish move before the final decision on Buyers taken over or Continuity in Sell.

Looking at Selling from either 1.3420/1.3428 or the upper zone 1.3435/1.3447.

Have a nice pipping day all.
Market Structure is the King.....
  • #864,609
  • Aug 22, 2025 3:33am Aug 22, 2025 3:33am
Price did not give me the clean liquidity sweep I was expecting for me to buy, I would rather wait for a retest of the broken support above, 15mins FVG, and trend line confluences at .3440 - .3450 to short price down to the expected liquidity sweep and even deeper. But if price should come down to sweep this liquidity below before buying, then I can buy. This is what I am expecting right while sitting duck.
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  • #864,610
  • Aug 22, 2025 4:01am Aug 22, 2025 4:01am
Quoting Headland
...you can see on my 2 charts in posts above that price is fighting to get upside of a prev 4hr sw lo zone = pot sbr, and 2 x prev 1hr sw lo zones = pot sbr. On 4hr it extends up to circa 3422.
Price broke just upside of the 2 x 1hr pot sbr zones then, but the recent hi is still in the 4hr one though. Bulls are trying! Perhaps, initially a break upside of the 50% of the Y/day hi - current dly/wkly (which is also the asian) lo move which is @ 3436/37, would help to relieve the underlying bearishness that has characterized much of this week so far? Of course, a break above Y/day's hi would help to cement that!?

Intraday is just bullish so far today overall, 1hr and 4hr are in general downtrends, and dly is rangy to recently bearish overall.

1hr below
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Trader with an Edge.
  • #864,611
  • Aug 22, 2025 4:11am Aug 22, 2025 4:11am
Quoting Waveskierrob
{quote} Got out just in time ..lucky...LONG bias again...
Out that will do until next time...
  • #864,612
  • Aug 22, 2025 4:17am Aug 22, 2025 4:17am
Inserted Video
  • #864,613
  • Aug 22, 2025 4:17am Aug 22, 2025 4:17am
Maybe in a narrow view I'm at a loss in intraday point of view
, but in a long-term view, like an annual balance sheet,
I'm in a big profit.
right, the balance sheet line shows -$48 yearly balance ,
but that's after I was at the beginning of the year at a profit of $2000
and then a month and a half ago I was at a loss of $2127
(that's a negative reversal of more than $4000 in six months from the beginning of the year)
but in a month and a half I made a positive reversal of $2100 to a negative balance of only $48
And this is after every year for the last 10 years I've finished with a loss of $7000,
so being in a situation of a loss of $48 is a profit for all intents and purposes
Attached Image (click to enlarge)
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yes yes yes
  • #864,614
  • Aug 22, 2025 4:21am Aug 22, 2025 4:21am
...there's a 3 fib cluster approaching and up to the asian/current dly hi. After that to upside 3434-38 (4.) Bulls may be encouraged by the bullish piercing pattern 4hr candle close on the chart below, 20+ mins ago? Was the false 1st downside b/o of last week's lo (LWL) to current dly/wkly lo a stop-run on it?

4hr below
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Trader with an Edge.
  • #864,615
  • Aug 22, 2025 4:32am Aug 22, 2025 4:32am
Quoting Moty
Maybe in a narrow view I'm at a loss in intraday point of view , but in a long-term view, like an annual balance sheet, I'm in a big profit. right, the balance sheet line shows -$48 yearly balance , but that's after I was at the beginning of the year at a profit of $2000 and then a month and a half ago I was at a loss of $2127 (that's a negative reversal of more than $4000 in six months from the beginning of the year) but in a month and a half I made a positive reversal of $2100 to a negative balance of only $48 ...
Any bizz without record's, is as gud as the smoke that disappear in the thin air. I like your zeal
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #864,616
  • Aug 22, 2025 5:06am Aug 22, 2025 5:06am
Quoting Headland
...there's a 3 fib cluster approaching and up to the asian/current dly hi. ...
So, supply @ bottom of the 4hr part of the prev 1hr/minor 4hr sw hi zone = pot res that extends up to asian/current dly hi and into that aforementioned 3 fib cluster, (3418-23,) and still in the prev 4hr/minor dly sw lo zone = pot sbr that starts @ 3399. If the pattern of the last 3 days holds good we will see an upside b/o of the asian hi (AH,) to the dly hi, then a strong sell-off to create the dly lo, but this as mentioned, is freaky friday, and patterns are meant to be broken lol, or maybe I'm mixing my adages!?

1hr below
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Trader with an Edge.
  • #864,617
  • Edited Aug 24, 2025 4:21pm Aug 22, 2025 6:08am | Edited Aug 24, 2025 4:21pm
i would suggest you all to take a look at this guide since it helped me alot this week for better results

{ virus risk deleted by staff }
  • #864,618
  • Aug 22, 2025 6:22am Aug 22, 2025 6:22am
GOLD LONG BIAS....
  • #864,619
  • Aug 22, 2025 6:41am Aug 22, 2025 6:41am
Quoting Moty
{image}
hi dear can you share this indicator please
  • #864,620
  • Aug 22, 2025 7:13am Aug 22, 2025 7:13am
Quoting Waveskierrob
GOLD LONG BIAS....
...magic coin for sale ...still LONG GOLD BIAS
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