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Cable Update (GBPUSD)

  • #459,941
  • May 2, 2018 4:24am May 2, 2018 4:24am
I think max 1.3655-80
  • #459,942
  • May 2, 2018 4:32am May 2, 2018 4:32am
Quoting Trade-G
I think max 1.3655-80
yes, -80

scalping time is coming
  • #459,943
  • May 2, 2018 4:55am May 2, 2018 4:55am
My 2 cents
TP Levels marked magenta color
Attached Image (click to enlarge)
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  • #459,944
  • May 2, 2018 5:02am May 2, 2018 5:02am
Quoting Jakob99
Looks to me as if it's gonna drop to at least 1.352 if it breaks through current resistance at 1.3595. That huge bearish bar absolutely slaughtered the trendline that has been going since march 2017, so this can't be insignificant. I'm going to be keeping a close eye on this just in case it shows its hand towards a beautiful bear play. However, it is very possible that I have missed something and would love to know if anyone has any tips/recommendations on the trade. Thanks! {image}
No Sir, I do think yourself and some others have nailed it.
Daily/4hr reaction to the line is clear and a retest of the broken support would be good for 3557 area.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDDaily1.png Size: 29 KB
Click to Enlarge Name: GBPUSDH4.png Size: 21 KB
Come with me if you want to live....
  • #459,945
  • May 2, 2018 6:13am May 2, 2018 6:13am
double top GBPUSD
Attached Image (click to enlarge)
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  • #459,946
  • May 2, 2018 6:15am May 2, 2018 6:15am
Bullish phase, I think if we stay above 3644 we will get more upside, volume has been pushing up with price which could indicate some selling.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.PNG Size: 36 KB
All charts/ideas based on UK time zone
  • #459,947
  • May 2, 2018 6:41am May 2, 2018 6:41am
Short on GBPUSD, see screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 125 KB
  • #459,948
  • May 2, 2018 6:42am May 2, 2018 6:42am
Quoting sponge
Bullish phase, I think if we stay above 3644 we will get more upside, volume has been pushing up with price which could indicate some selling. {image}
DAILY TF !!!
  • #459,949
  • Edited 7:09am May 2, 2018 6:44am | Edited 7:09am
Shorted GU & EU at DPPs. SL set to +5pips on both.

*edit - manual closed EU +18 before ADP. GU SL remains at +5.
Attached Image (click to enlarge)
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Focus.
  • #459,950
  • May 2, 2018 6:45am May 2, 2018 6:45am
Quoting Trade-G
I think max 1.3655-80
Stalled at 1.3664
  • #459,951
  • May 2, 2018 6:58am May 2, 2018 6:58am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-w1-proton-capital-markets.png Size: 41 KB
God bless you Red
  • #459,952
  • May 2, 2018 7:21am May 2, 2018 7:21am
would be great to see todays low broken and one more low from there then look to take a trade on ..
  • #459,953
  • May 2, 2018 7:21am May 2, 2018 7:21am
Quoting magician11
{image}
LOL
which one is right
ive got a 4:1 should it reach this demand area up to new supply level
Attached Image (click to enlarge)
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  • #459,954
  • May 2, 2018 7:25am May 2, 2018 7:25am
Quoting Neil0163
{quote} LOL which one is right ive got a 4:1 should it reach this demand area up to new supply level {image}
both of them true
daily and weekly supdem
God bless you Red
  • #459,955
  • May 2, 2018 7:30am May 2, 2018 7:30am
Quoting magician11
{quote} both of them true daily and weekly supdem
Still being paitent waiting for GU to come a touch lower
  • #459,956
  • May 2, 2018 8:09am May 2, 2018 8:09am
Quoting Trade-G
{quote} Stalled at 1.3664
did you ride the wave, bro?
  • #459,957
  • Edited 8:53am May 2, 2018 8:13am | Edited 8:53am
Quoting SweetRevenge
{quote} nope bro. soon it approaching 3595 I'll kill them... LOL {image}
TP while I was away..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 02_05_2018 , 20_12_00.png Size: 30 KB



UPDATE:

closed recent shorts
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  • #459,958
  • May 2, 2018 11:01am May 2, 2018 11:01am
If lower low is not formed today, one can expect reversal. 1.3580 is the low today.
Intraday only.
  • #459,959
  • May 2, 2018 11:02am May 2, 2018 11:02am
Quoting ronstone
{quote} DAILY TF !!!
What's that?
All charts/ideas based on UK time zone
  • #459,960
  • May 2, 2018 11:13am May 2, 2018 11:13am
The recent disappoint UK data created good opportunity to go long GBP. If upcoming data turn positive, June hike rate is still on the table. Overall since Brexit, UK economy is still in good shape. Long GBP/USD 1.36, target 1.45 for the next 3 months.
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