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Cable Update (GBPUSD)

  • #461,781
  • Jul 5, 2018 11:59pm Jul 5, 2018 11:59pm
Quoting SweetRevenge
{quote} 1.3217 would be good for re-entry
I have made enough for today but I will see what the London session offers.

Here are my charts
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  • #461,782
  • Jul 6, 2018 1:31am Jul 6, 2018 1:31am
Quoting Nala66
{quote} I have made enough for today but I will see what the London session offers. Here are my charts {image}
Good morning Nala. I appreciate all your explanations. PA couldn't get to 3197 as it seemed yesterday but it might get there today even at this London session. But before then, bear supports at 3230 and 3222 as well as bull supports at 3224 and 3216 are in the way
  • #461,783
  • Jul 6, 2018 1:39am Jul 6, 2018 1:39am
I will wait till London opening then enter a long. Target 1,3270. Stop 1,3200.
  • #461,784
  • Jul 6, 2018 1:40am Jul 6, 2018 1:40am
Right now PA is testing 3230 on H1. If it takes it out, we shall then see a retest of 3273. For me, the drop from 3273 yesterday was too sharp and fast giving me the impression that PA might get back there soon. But as the saying goes, this $7 trillion market can go anywhere
  • #461,785
  • Jul 6, 2018 1:42am Jul 6, 2018 1:42am
Remember that the Last action was Bearish, So u are locked in a down channel.
It makes a resistance around 1.3250
  • #461,786
  • Jul 6, 2018 1:51am Jul 6, 2018 1:51am
Quoting SweetRevenge
{quote} 1.3217 would be good for re-entry
revised to:

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  • #461,787
  • Jul 6, 2018 1:54am Jul 6, 2018 1:54am
Quoting Bydyke
Right now PA is testing 3230 on H1. If it takes it out, we shall then see a retest of 3273. For me, the drop from 3273 yesterday was too sharp and fast giving me the impression that PA might get back there soon. But as the saying goes, this $7 trillion market can go anywhere
Watch for the 3259 on the 5 min first if it rockets through then the 1H 3273 comes into play.

We have broken long and do have support on the 5 min and are trading above the EMA so it looks good to go so far, I would have a stop at the 3227 now.

It is Friday and NFP day so things may get whippy.
  • #461,788
  • Jul 6, 2018 1:58am Jul 6, 2018 1:58am
Quoting Onizuka
Remember that the Last action was Bearish, So u are locked in a down channel. It makes a resistance around 1.3250
What does this mean?
  • #461,789
  • Jul 6, 2018 1:59am Jul 6, 2018 1:59am
this Bearish Engulfing monster still alive, BEWARE

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  • #461,790
  • Jul 6, 2018 2:03am Jul 6, 2018 2:03am
Quoting Nala66
{quote} What does this mean?
That means that Sellers are in control,
I would be carrefull around 1.3250 area.
Attached Image
  • #461,791
  • Jul 6, 2018 2:28am Jul 6, 2018 2:28am
Quoting Nala66
I closed at 3225 (+18pips) because that was the 1 hour bear support and it did not break it.
I like 3225 as a level.
Now let's see if this 4hr can close below it in 1.5hrs
Come with me if you want to live....
  • #461,792
  • Jul 6, 2018 2:30am Jul 6, 2018 2:30am
This is where it gets critical the bulls looking for support on the 1H. So the stop out saves your bacon if they fail.
  • #461,793
  • Jul 6, 2018 2:43am Jul 6, 2018 2:43am
So far so good the bull support is below the bear support which is where it should be.
  • #461,794
  • Jul 6, 2018 2:46am Jul 6, 2018 2:46am
Looks ok to go long with a stop at 3223
PS the 1 hour should be a red bar else this is not a support.
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  • #461,795
  • Jul 6, 2018 3:07am Jul 6, 2018 3:07am
Quoting Trade-G
I use this simple method, after the bounce from Pivot yesterday I closed position cos I only trade daily and signal is not for overnight. From the looks of it, there is a high chance we can have a higher high tomorrow Friday. {image}
Lets see if my model will have a higher high...
  • #461,796
  • Jul 6, 2018 3:13am Jul 6, 2018 3:13am
Good setup for bulls
  • #461,797
  • Jul 6, 2018 3:35am Jul 6, 2018 3:35am
Market Analysis: price started to move towards up, however, its still not strong trend yet, we suggest wait until price move 30-40+ pips more towards up, then enter for long trade & always check out lower bands levels, if it cross then quit from existing trades.

Trading charts: M15, M30, H1, H4
Our recommendation: Weak up trend

lower band level 1: 1.3170
lower band level 2: 1.3136

Time: July 6, 2:30 PM (UTC+6)

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  • #461,798
  • Edited 4:00am Jul 6, 2018 3:37am | Edited 4:00am
Quoting SweetRevenge
{quote} revised to: {image}
closed all longs,

now I'm thinking of shorting this pair, ideally at 1.3255

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  • #461,799
  • Jul 6, 2018 4:05am Jul 6, 2018 4:05am
short 1.3250
sL 25pips
tP open
just for a cup of coffee...
  • #461,800
  • Jul 6, 2018 4:10am Jul 6, 2018 4:10am
Quoting akim0895
short 1.3250 sL 25pips tP open
you got it. I missed 5 pips more

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