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Cable Update (GBPUSD)

  • #867,981
  • Nov 4, 2025 10:31am Nov 4, 2025 10:31am
Quoting ScalaFX
{quote} add 36
add 3021
People don't plan to lose. They lose because they don't plan.
  • #867,982
  • Nov 4, 2025 10:45am Nov 4, 2025 10:45am
Quoting Whale
{quote} Your daily chart looks kind strange. never mind
Idk usually it's set to settlement close - then it's really looks different
But that one is regular hours, so should look normal
Air force
  • #867,983
  • Nov 4, 2025 10:46am Nov 4, 2025 10:46am
Quoting Waveskierrob
Here's hoping for a BULL day... {image}
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #867,984
  • Nov 4, 2025 10:47am Nov 4, 2025 10:47am
Quoting Forgediron
{quote} End of this hour, I will either get my conformation to add to my sell or not If you think bulls and bears have "equal" chance at this level, then so be it {image}
target hit with this weeks move confirming the ridiculous idea of confirmation.
Leave Israel alone and Palestine will be free
  • #867,985
  • Nov 4, 2025 10:48am Nov 4, 2025 10:48am
Quoting Pat Chiko
both of them are fighting now........... {image}
they both underwater at the mo but hopefully surface soon...
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  • #867,986
  • Nov 4, 2025 10:49am Nov 4, 2025 10:49am
the bears will rally around 1.30106 maybe a push 1.30650 and down again if tomorrow's news fails
  • #867,987
  • Nov 4, 2025 10:54am Nov 4, 2025 10:54am
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maybe ..... who knows ??????
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #867,988
  • Nov 4, 2025 11:07am Nov 4, 2025 11:07am
Quoting Waveskierrob
{quote} they both underwater at the mo but hopefully surface soon...{image}
Once there is sign of bull, you will get this ..........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #867,989
  • Nov 4, 2025 11:18am Nov 4, 2025 11:18am
I saw this somewhere, but now forgotten where did i read it........
(still searching)

GBP/USD continues to grind lower, trading near seven-month lows around 1.30630 after breaking below its key support zone at 1.3200.
Price action remains heavy, with the next major area of interest sitting near 1.2950

The pound’s selloff deepened after U.K. Finance Minister Rachel Reeves warned of “hard choices” ahead of November’s budget — signaling possible tax hikes and tighter fiscal conditions.
While gilt yields dipped on the idea of improved fiscal discipline, the broader tone spooked currency traders, who see higher taxes and weaker growth as sterling-negative.
Meanwhile, the dollar continues to strengthen, supported by Powell’s cautious tone last week and the Fed’s refusal to commit to a December cut. Fed's Bowman also struck a hawkish tone this morning.
If risk appetite stays weak and fiscal fears grow, sellers could extend the downtrend.
Conversely, if sentiment steadies or U.S. yields cool, buyers may treat current levels as a short-term discount.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #867,990
  • Nov 4, 2025 11:56am Nov 4, 2025 11:56am
Quoting Pat Chiko
{quote} CABLE End of scalping ( some define this as scalping) Christmas comes early..... {quote} {image}
CABLE

last tree position to go.
Merry Christmas......
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #867,991
  • Nov 4, 2025 12:11pm Nov 4, 2025 12:11pm
Quoting Bloodwish
https://youtu.be/N8Wcq8u3rCo
Weekly target hit as well
  • #867,992
  • Edited 12:37pm Nov 4, 2025 12:16pm | Edited 12:37pm
...as I mentioned earlier, barring longer-term fibs there is nothing to help re potential supp/rbs on dly+ t/f's until that prev dly/wkly sw lo zone = pot supp that extends down to 2709, from 8th April. Anything on the 1hr or 4hr dates back to April of this year too, and so on those smaller t/f's is arguably of limited use in respect of determining where potential supp/rbs might be, and in any event, in a very bearish market, price tends to slice thru potential supp/rbs like a knife thru hot butter!! V. bearish day today with 154% of 30day adr traveled so far. Likely to see a v.bearish/bearish dly candle close today?

EDIT: typos corrected.

4hr/1hr below
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Trader with an Edge.
  • #867,993
  • Edited 12:37pm Nov 4, 2025 12:20pm | Edited 12:37pm
...price @ the CDL/CWL/CML has met the 50% of the 2249,-3788(CYH) move. 50% of the 2100-3788 (CYL-CYH) is not a million miles away to the downside, @ 2944. Next pivot to the downside is Mthly S1 @/around 2987, with Wkly S2 @/around 2932. The 1st downside b/o's of both LWL and Wkly S1 are true so far.
78% of 13wk awr traveled so far this week.

EDIT: Moved the 2709-3788 fibs to wkly t/f chart from dly chart, to be clearer re downside fibs. Chart screengrab changed accordingly.

wkly below
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Trader with an Edge.
  • #867,994
  • Nov 4, 2025 12:41pm Nov 4, 2025 12:41pm
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yes yes yes
  • #867,995
  • Nov 4, 2025 12:50pm Nov 4, 2025 12:50pm
USDCAD, closed today's long for 45p. Re-entering long on pullback to 1.4150
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  • #867,996
  • Nov 4, 2025 12:55pm Nov 4, 2025 12:55pm
Quoting Wavegarrick
{quote} Still up 1147 pips in profit. Opened a buy trade at 1.32202. Fomc important tonight. I am DCA'ing in. Rate cuts on the agenda bad for dollar. Fed dovish stance bad for dollar. Yearly pivot level important for GU. Retest of that at this point in time. I still look forward to a Xmas bonus with minimal screen time and effort Cheers {image}
Yearly 50% fib retracements are being tested all over the show crypto and forex. I this this merely a coincidence or is this intentional? Looking forward to that Xmas bonus Cheers
Trade to trade another day
  • #867,997
  • Nov 4, 2025 1:06pm Nov 4, 2025 1:06pm
Quoting Wavegarrick
{quote} Yearly 50% fib retracements are being tested all over the show crypto and forex. I this this merely a coincidence or is this intentional? Looking forward to that Xmas bonus Cheers
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  • #867,998
  • Nov 4, 2025 1:12pm Nov 4, 2025 1:12pm
Quoting Waveskierrob
{quote} they both underwater at the mo but hopefully surface soon...{image}
Well one of them surfaced, dont think other one will be too far behind...
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  • #867,999
  • Nov 4, 2025 2:14pm Nov 4, 2025 2:14pm
Quoting Wavegarrick
{quote} Yearly 50% fib retracements are being tested all over the show crypto and forex. I this this merely a coincidence or is this intentional? Looking forward to that Xmas bonus Cheers
Hi. Good observation. I referenced the one in this Gbpusd pairing in a post above this one, ie @ 2944. No saying they will hold though, but who knows? Not far above it on this pairing, @ 2969, is 23.6% of the 0327 (post Truss lo) - 3788 move.

The pot sbr on the wkly t/f starting @ 3139/40 may prove a tough ask for the bulls chances of recovery, on any test of it? We'll see.

wkly below
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Trader with an Edge.
  • #868,000
  • Nov 4, 2025 8:47pm Nov 4, 2025 8:47pm
GBPUSD H4: Confluence Signals Potential Reversal

The GBPUSD H4 chart is presenting a strong case for a trend reversal. The current low features a powerful confluence of two distinct harmonic patterns, which are classic indicators of a potential turning point.

We are watching for a reversal signal from Bollinger Bands price action, which typically involves price movement around the extreme bands. Confirmation of an uptrend will be secured with a decisive break above the recent downtrend trendline. Should this bullish scenario unfold, our target is set at 1.3360.
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