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Cable Update (GBPUSD)

  • #479,821
  • Jun 4, 2019 2:45am Jun 4, 2019 2:45am
Quoting KeenPips
Does anybody on this thread think that the GBPUSD market has bottomed out? And that it's time for a bullish drive? Personally, as a swing trader, I don't think so. I think we are in a temporary correction. In fact, I am looking for a northward pullback to an area of value, say around the 1.2700 area, for a sell trading opportunity. Trade safe, I may be wrong. KP

Yes i feel that we are in a temporary correction.
USD has been really strong over the past few weeks, pushing other major currencies down.
After this correction most probably we will see dxy @ 99.
Fundementals, trade war prolonging, EU/GB is in a mess.

It's really hard to trade.
  • #479,822
  • Jun 4, 2019 2:46am Jun 4, 2019 2:46am
I operate more swing keen pips..Yes I think it touched on actual support however that didn't come back over there...But if come back I will surely buy... problem is Eur/GBP buyers.
  • #479,823
  • Jun 4, 2019 2:46am Jun 4, 2019 2:46am
Quoting KeenPips
Does anybody on this thread think that the GBPUSD market has bottomed out? And that it's time for a bullish drive? Personally, as a swing trader, I don't think so. I think we are in a temporary correction. In fact, I am looking for a northward pullback to an area of value, say around the 1.2700 area, for a sell trading opportunity. Trade safe, I may be wrong. KP
It's better to wait for 1.23800-1.24800 area or for bullish trend , hh and hl .
For now it's only a push up that could easily be a correction.
I prefer not to think about it and wait for set up in the interday chart with the pivot lines
yes yes yes
  • #479,824
  • Jun 4, 2019 2:47am Jun 4, 2019 2:47am
2687 r1 seems rejected the rise.

First 2650 target.

then?

Let us see if 2650 gives up
Intraday only.
  • #479,825
  • Jun 4, 2019 2:48am Jun 4, 2019 2:48am
Good point. That's the idea, we are in a correction.

Trade safe.

KP
Quoting Moty
{quote} It's better to wait for 1.3800-1.24800 area or for bullish trend , hh and hl . For now it's only a push up that could easily be a corre
Do your homework, follow the footprints of smart money
  • #479,826
  • Jun 4, 2019 2:49am Jun 4, 2019 2:49am
Quoting KeenPips
Does anybody on this thread think that the GBPUSD market has bottomed out? And that it's time for a bullish drive? Personally, as a swing trader, I don't think so. I think we are in a temporary correction. In fact, I am looking for a northward pullback to an area of value, say around the 1.2700 area, for a sell trading opportunity. Trade safe, I may be wrong. KP
the way i see it:
Day has made LH - LL
H4 has made HH-HL

so either H4 is foreshadowing a day-move, or H4 is correcting and will soon fall back into the Day trend.
in wondering about yourself, you forgot what you came here to be part of
  • #479,827
  • Jun 4, 2019 2:53am Jun 4, 2019 2:53am
Point noted. Anybody can buy or sell at any time, level or place. But the issue is how far is the directional momentum you are operating with? What R:R are you looking for? As for EURGBP, the bullish momentum will soon peter out imho.

Trade safe.

KP
Quoting Marcieny
I operate more swing keen pips..Yes I think it touched on actual support however that didn't come back over there...But if come back I will surely buy... problem is Eur/GBP buyers.
Do your homework, follow the footprints of smart money
  • #479,828
  • Jun 4, 2019 2:55am Jun 4, 2019 2:55am
I am with you on this mate. I use the W1 tf for direction as a swing trader.

Trade safe.

KP

Quoting knkie
{quote} the way i see it: Day has made LH - LL H4 has made HH-HL so either H4 is foreshadowing a day-move, or H4 is correcting and will soon fall back into the Day trend.
Do your homework, follow the footprints of smart money
  • #479,829
  • Jun 4, 2019 2:59am Jun 4, 2019 2:59am
Quoting KeenPips
Point noted. Anybody can buy or sell at any time, level or place. But the issue is how far is the directional momentum you are operating with? What R:R are you looking for? As for EURGBP, the bullish momentum will soon peter out imho. Trade safe. KP {quote}
I agree with you..trend line on daily is working....I operate harmonic patterns too.
  • #479,830
  • Jun 4, 2019 3:05am Jun 4, 2019 3:05am
If by the chance the price does not touch trend line... and rise is because it struck other supports.
  • #479,831
  • Jun 4, 2019 3:06am Jun 4, 2019 3:06am
Long 1.2655, TP 1.2705, I quit waiting for euro inflation.
  • #479,832
  • Jun 4, 2019 3:08am Jun 4, 2019 3:08am
Short tp 1.25xx
Telegram orderflowbuddy
  • #479,833
  • Jun 4, 2019 3:10am Jun 4, 2019 3:10am
Talking about EURGBP, technically we are less than 60 pips from a probable reaction zone, the 0.89600 area; an area proximal to the 78.6 Fib retracement of the down-leg from the high of January 3, 2019. Also, presently the price action is overextended from the mean and we may soon have a southward pullback. See attached D1 tf; the magenta horizontal line is the area being discussed.

I may be wrong. Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP_June_4,_2019_D1.png Size: 51 KB


Quoting Marcieny
{quote} I agree with you..trend line on daily is working.
Do your homework, follow the footprints of smart money
  • #479,834
  • Jun 4, 2019 3:11am Jun 4, 2019 3:11am
Last h4 is berrish ingulfing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New Doc 2019-06-04 11.08.34_1.jpg Size: 93 KB
Click to Enlarge Name: New Doc 2019-06-04 11.07.33_1.jpg Size: 96 KB
Click to Enlarge Name: New Doc 2019-06-04 11.09.38_1.jpg Size: 94 KB
Click to Enlarge Name: New Doc 2019-06-04 11.10.15_1.jpg Size: 88 KB
yes yes yes
  • #479,835
  • Jun 4, 2019 3:14am Jun 4, 2019 3:14am
Quoting KeenPips
Talking about EURGBP, technically we are less than 60 pips from a probable reaction zone, the 0.89600 area; an area proximal to the 78.6 Fib retracement of the down-leg from the high of January 3, 2019. Also, presently the price action is overextended from the mean and we may soon have a southward pullback. See attached D1 tf; the magenta horizontal line is the area being discussed. I may be wrong. Trade safe. KP {image} {quote}
I agree with you.
  • #479,836
  • Jun 4, 2019 3:19am Jun 4, 2019 3:19am
shorted target 1.2645
Don't trade what you think. Just what you see!!!
  • #479,837
  • Jun 4, 2019 3:27am Jun 4, 2019 3:27am
Quoting KeenPips
Talking about EURGBP, technically we are less than 60 pips from a probable reaction zone, the 0.89600 area; an area proximal to the 78.6 Fib retracement of the down-leg from the high of January 3, 2019. Also, presently the price action is overextended from the mean and we may soon have a southward pullback. See attached D1 tf; the magenta horizontal line is the area being discussed. I may be wrong. Trade safe. KP {image} {quote}
I think Eur/GBo will fall before reaches 78.6 fibo..Ithink it starts today.
  • #479,838
  • Jun 4, 2019 3:27am Jun 4, 2019 3:27am
Quoting blackjacker
Long 1.2655, TP 1.2705, I quit waiting for euro inflation.
Nope, H4 correction, the target is 1.2591

Guz
Charts don't drive price, market conditions drive price...
  • #479,839
  • Jun 4, 2019 3:31am Jun 4, 2019 3:31am
More bad data from the uk.
Gu is going down today
Don't fall for this crook's bull spike.
This thing is going down down and away
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-06-04 11.36.35_1.jpg Size: 91 KB
yes yes yes
  • #479,840
  • Jun 4, 2019 3:35am Jun 4, 2019 3:35am
Quoting Theoak
shorted target 1.2645
Busted – loss 3 pip. It will prob go the other way now . Looking to go long in a bit.
Don't trade what you think. Just what you see!!!
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