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Cable Update (GBPUSD)

  • #875,901
  • Jul 10, 2026 5:40am Jul 10, 2026 5:40am
Quoting boodvah
{quote} bro fs I swear overcoming the paranoia phase is damn near a right of passage
Haha Yeah I went through a phase with Props where I was convinced they were widening my spread so it wouldnt hit my TPs. Spent so much time watching the spreads I was seeing tick charts when I closed my eyes at night
  • #875,902
  • Jul 10, 2026 5:44am Jul 10, 2026 5:44am
Quoting buyhighcry
{quote} Haha Yeah I went through a phase with Props where I was convinced they were widening my spread so it wouldnt hit my TPs. Spent so much time watching the spreads I was seeing tick charts when I closed my eyes at night
That’s actually crazy work . I wonder if this I one of if not the most stressful occupation/hobbies
be a thinker before being a reacter
  • #875,903
  • Jul 10, 2026 5:59am Jul 10, 2026 5:59am
Quoting boodvah
{quote} That’s actually crazy work . I wonder if this I one of if not the most stressful occupation/hobbies
Could be right! I’m the happiest when I don’t have a trade going…
  • #875,904
  • Jul 10, 2026 6:01am Jul 10, 2026 6:01am
Price at junes open and mays close. 1.33 Is probable to set up next bullish leg
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be a thinker before being a reacter
  • #875,905
  • Jul 10, 2026 6:33am Jul 10, 2026 6:33am
Quoting Mitiblotch
3460 should be doable. After that I may reassess.
When I set my GU target on Wednesday, I had 3460 as well, but to ensure that my TP would get clipped, I settled on 3440. Geo politics are doing strange things to this pair, my current philosophy is, grab what you can and run.
  • #875,906
  • Jul 10, 2026 6:44am Jul 10, 2026 6:44am
The 1.33950–1.33804 supply zone remains key for stranded sellers, with a retest likely to provide relief. However, Friday's exceptionally low volatility could keep price action constrained until fresh momentum returns.
Keep the Lights on then you can catch the rise from the dark.
  • #875,907
  • Jul 10, 2026 7:41am Jul 10, 2026 7:41am
Quoting Guy1969
{quote} When I set my GU target on Wednesday, I had 3460 as well, but to ensure that my TP would get clipped, I settled on 3440. Geo politics are doing strange things to this pair, my current philosophy is, grab what you can and run.
3 months ago for every bomb dropped on iran we seen a pip fall. Now we see a pip gained. It’s a funny little world
  • #875,908
  • Jul 10, 2026 8:57am Jul 10, 2026 8:57am
Ny break the Asian range.. it could be wild.
  • #875,909
  • Jul 10, 2026 9:00am Jul 10, 2026 9:00am
Quoting Whale
Ny break the Asian range.. it could be wild.
50/200d moving average laying right below this. This will be the battleground for the weekly close.
  • #875,910
  • Jul 10, 2026 9:48am Jul 10, 2026 9:48am
appears to be plenty of liquidity sitting at the 200d... After all my complaining about spreads a trade like that triggers
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  • #875,911
  • Jul 10, 2026 10:03am Jul 10, 2026 10:03am
Who will break this down candle range ?
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  • #875,912
  • Jul 10, 2026 10:20am Jul 10, 2026 10:20am
July will be bullish.
Doubt something could change it.
  • #875,913
  • Jul 10, 2026 10:25am Jul 10, 2026 10:25am
Quoting ricmaj
The 1.33950–1.33804 supply zone remains key for stranded sellers, with a retest likely to provide relief. However, Friday's exceptionally low volatility could keep price action constrained until fresh momentum returns.
... weekend factor in such a scenario is draining emotionally.
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #875,914
  • Jul 10, 2026 10:38am Jul 10, 2026 10:38am
Quoting Whale
July will be bullish. Doubt something could change it.
I see a green candle for the month but the question is if its an engulfer or caps at the 50% of June... The battle for the 200D is the one to watch
  • #875,915
  • Jul 10, 2026 1:33pm Jul 10, 2026 1:33pm
Quoting Bflyfx
{quote} we are on the move down!
the trend is your friend...
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I only follow traders with IQ above 160
High leverage Bot All Time Return: 11,093.2% Gold/USD BTC/USD
  • #875,916
  • Jul 10, 2026 1:49pm Jul 10, 2026 1:49pm
Quoting Wavegarrick
{quote} Sell trade added. Cheers. {image}
Zooming out on the weekly timeframe may give some insight into my trade entries. We have clearly seen a Market structure shift to the downside at 1.3108 Ish with a clear rejection off 1.3400 and long candle wicks and I can't see a weekly close above this week. The war in Iran certainly does not favor the bull cause and as it is Usdx is bouncing off long term resistance turned support.
Have a great weekend Folks.
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Trade to trade another day
  • #875,917
  • Jul 10, 2026 3:36pm Jul 10, 2026 3:36pm
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Beautiful price action on my chart. I still have bull bias short/medium term but I will trade what the market gives
be a thinker before being a reacter
  • #875,918
  • Jul 11, 2026 2:36am Jul 11, 2026 2:36am
Quoting Moty
{image}
yes
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yes yes yes
  • #875,919
  • Jul 11, 2026 3:47am Jul 11, 2026 3:47am
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  • #875,920
  • Edited 7:59am Jul 11, 2026 6:05am | Edited 7:59am
...

A somewhat 'contained' week just closed, with bulls making modest upside progress on the previous week's close. 61% of the 6mth amr traveled so far this month.
50% of the 3780 (CYH) - 3140 (CYL) down-move is @ 3505.

* A Bullish-bodied < 13wk awr (67%) Wkly candle close, the t/f closing the week out still in a bullish phase of an overall multi-month horizontal range channel. The 3452 week's hi touched Mthly R1 before the downside p/back from it. Price spent the whole week above it's now old Wkly Pivot.
* Fri's < 30day adr (78%,) Dly candle closed as a bearish pinbar. The t/f has one HL @ 3322 now, but no H yet in the move up off the 3140 LL. It is still therefore overall in a strong upside corrective phase of a general downtrend, strictly speaking, per 3 candle fractal swing analysis. Fri's dly candle may have started another impulsive phase of that overall downtrend again, or not?
* 4Hr closed the week in a downside p/back/corrective phase (off it's 3452 trend hi/now LWH/CMH,) of a general uptrend. It's last candle close was bearish, and it's last fractal print was that said 3452 hi - a HH on the t/f, and there will be a L when it prints fractally under @ least the last 3398 HL.
* 1Hr closed the week probably rangy, off the the same 3452 trend hi of a general uptrend, and was in overall downside p/back mode all of Friday.

EDIT: corrected typos, and added to opening summary, and the 4hr bit.

Wkly, Dly, then 4Hr, below.
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