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Cable Update (GBPUSD)

  • #870,461
  • Dec 22, 2025 2:56am Dec 22, 2025 2:56am
G/M. Thurs and Fri last week were dly doji candles, Fri being an inside candle, both < 30day adr. Today so far, that has resolved to the upside with 1st upside b/o of today's AH. Just below the dly and 4hr parts of the prev 1hr/4hr/dly sw hi zone = prev res x 1 to 3446 = pot res that extends up to 3456 LWH/CMH.

1hr below
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Trader with an Edge.
  • #870,462
  • Dec 22, 2025 3:05am Dec 22, 2025 3:05am
At the moment I'm a tad bias SHORT GU, heres my method...
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  • #870,463
  • Dec 22, 2025 3:15am Dec 22, 2025 3:15am
Quoting Waveskierrob
At the moment I'm a tad bias SHORT GU, heres my method... {image}
Hi, thanks again for sharing your method. Sorry to see that arthritis hasn't improved!
------------------------------------------------------------------------------------------------

... you can see on 4hr chart below how the 3446 prev swing hi zone was a 1st attempt to get north of the prev sw hi zone to 3556 LWH/CMH. These are the most obvious potential obstacles to the upside. On said 4hr, yes there is a period of ranginess/consolidation from two Thursdays ago, but a wider view of it reveals that the t/f is probably still in a messy general uptrend.

4hr below
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Trader with an Edge.
  • #870,464
  • Dec 22, 2025 3:27am Dec 22, 2025 3:27am
Quoting Headland
{quote} Hi, thanks again for sharing your method. Sorry to see that arthritis hasn't improved! ------------------------------------------------------------------------------------------------ ... you can see on 4hr chart below how the 3446 prev swing hi zone was a 1st attempt to get north of the prev sw hi zone to 3556 LWH/CMH. These are the most obvious potential obstacles to the upside. On said 4hr, yes there is a period of ranginess/consolidation from two Thursdays ago, but a wider view of it reveals that the t/f is probably still in a messy...
AI = Arthritis Intelligence...
  • #870,465
  • Dec 22, 2025 3:30am Dec 22, 2025 3:30am
entered long on EU
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  • #870,466
  • Dec 22, 2025 3:45am Dec 22, 2025 3:45am
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5' --- Long since Fri. I stay the course . . . SL at BE , now .

  • #870,467
  • Dec 22, 2025 3:51am Dec 22, 2025 3:51am
...it's been up all day so far, off the asian open/AL, - resulting in a 1st upside b/o of YH, then 2 x downside p/back's to it produced 2 x prev 1hr sw lo's @ it, then a 1st upside b/o of the AH to the 3432/33 CDH/CWH, (price reacting to Uk data,) where some supply has been encountered but the shallow downside p/back that resulted has been bought. Those upside b/o's remain true so far, but obviously no b/o's either way of LWH/CMH or LWL yet. 65% of 6mth amr traveled so far this month.

Added: 4hr candle just closed v.bullishly.

1hr, then 4hr, below
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Trader with an Edge.
  • #870,468
  • Dec 22, 2025 4:00am Dec 22, 2025 4:00am
Quoting Forgediron
so what’s Cable going to do. have another go at 3450-70 area before dropping towards 3250 into the loving arms of more bulls? or keep driving up, leaving some in the “abyss”?
With breakout of 1.3450, I will not be expecting pullback to 32xx instead buy buy buy buy at all slight pullback..until touch of next daily zone.
Market Structure is the King.....
  • #870,469
  • Edited 4:28am Dec 22, 2025 4:13am | Edited 4:28am
...of course LWH/CMH @ 3456 was a 1st test on the 1hr and 4hr parts of that prev 1hr/4hr/minor dly sw hi zone = prev res x 1 now = pot res that extends up to 3471. So, we could see supply emerge anywhere from the CDH/CWH all the way up to there initially? Overlapping/coexistent pot res zones exist on dly all the way up to 3536. How strong are these bulls now in declining volume/liquidity leading to Xmas and the holidays period till New Year?

EDIT: typo/made clearer.

dlty below
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Trader with an Edge.
  • #870,470
  • Dec 22, 2025 4:43am Dec 22, 2025 4:43am
...price is currently north of Dly R3, but Fri's pip range (on which it is calculated) was only 37pips! Price opened below the new Wkly Pivot but is now above it, and Wkly R1 runs thru near the top of that prev 1hr/4hr/minor dly sw hi zone = prev res x 1 = pot res to 3456, @/around 3449/50. 86% of 30day adr traveled so far today. It is again currently north of Mthly R2 (which is @/around 3428,) following 2 x false upside b/o's of it last week, making 3 x total false upside b/o's of it so far this month.

1hr below

...it's been a buy the shallow dip kind of day so far. From an intraday lower t/f perspective, there have been 6 'main' dips - all bought, and many minor ones, in the move up from AL/CDL to CDH., ie a 69pip upmove so far. Price is now arguably facing it's stiffest pot res test @ the CDH. 2 x 1hr and 1 x 30min desc t/lines bust to the upside so far today, now challenging the dly one that joins 3726 with 3456.

Above that 3 fib cluster that runs 3452-58 @/around 3456 LWH/CMH, the next upside fib is 3489, which is 61.8% of the 3788 (CYH) to 3010 move.

10/20/40 ema crosses graphic below
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Trader with an Edge.
  • #870,471
  • Dec 22, 2025 5:46am Dec 22, 2025 5:46am
Quoting Mitiblotch
Long 3383.
Close here at 3441 for +58 pips.
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  • #870,472
  • Dec 22, 2025 6:47am Dec 22, 2025 6:47am
GBP/USD
Observations, much prefer the simple approach....
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  • #870,473
  • Dec 22, 2025 6:55am Dec 22, 2025 6:55am
Quoting stevepatt
GBP/USD Observations, much prefer the simple approach.... {image}
GBP/USD
Pending Shhort Trade @ 1.34364
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  • #870,474
  • Dec 22, 2025 7:11am Dec 22, 2025 7:11am
Quoting stevepatt
{quote} GBP/USD Pending Shhort Trade @ 1.34364 {image}
GBP/USD
Short Trade has Triggered @ 1.34364
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  • #870,475
  • Dec 22, 2025 7:56am Dec 22, 2025 7:56am
Quoting stevepatt
{quote} GBP/USD Short Trade has Triggered @ 1.34364 {image}
GBP/USD
Losing Short Trade (-7) Pips (-1R)

GOLD Long Trade still running
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  • #870,476
  • Dec 22, 2025 8:07am Dec 22, 2025 8:07am
Quoting Bloodwish
https://youtu.be/dxU54j30COo
Target hit
  • #870,477
  • Edited 9:22am Dec 22, 2025 9:05am | Edited 9:22am
merry new year and happy christmas wavegarrick

may the crop report shine down on us like the guiding star did on the magi

Inserted Video




a daily close above 3421 means even higher prices up till the new year
short trump and go long the deepstate
  • #870,478
  • Dec 22, 2025 9:09am Dec 22, 2025 9:09am
Quoting Waveskierrob
GU is up, looks like we will get a visit from the "Ghost of Christmas Past" ( Wavegarrick) and the "Ghost of Christmas Future" (Zebi)... {image}
Wavesji and his power on prediction...
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  • #870,479
  • Dec 22, 2025 9:18am Dec 22, 2025 9:18am
Quoting Waveskierrob
GU is up, looks like we will get a visit from the "Ghost of Christmas Past" ( Wavegarrick) and the "Ghost of Christmas Future" (Zebi)... {image}

christmas future wants to tell u not to despair waveski

stand in front of a Tesco ringing a bell like the salvation army ( do brits have the salvation army) and people will give you change to pay for all the short losses ur incuring LOL
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short trump and go long the deepstate
  • #870,480
  • Dec 22, 2025 9:27am Dec 22, 2025 9:27am
Quoting Zebi
merry new year and happy christmas wavegarrick may the crop report shine down on us like the guiding star did on the magi https://youtu.be/5HL0HpZ9ESc a daily close above 3421 means even higher prices up till the new year

i know ur in some backwater spot of britain waveski and havent seen that movie so i switched my video to a longer one so ull appreciate more of the humor

Inserted Video
short trump and go long the deepstate
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