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Cable Update (GBPUSD)

  • #482,141
  • Edited 11:07pm Jun 23, 2019 10:45pm | Edited 11:07pm
Why not?! Three times rejected going under 1.2650, EMA14 is above EMA26, also now is the 7th time trying to break 1.2750. Getting there, I will say.
Attached Image (click to enlarge)
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  • #482,142
  • Jun 23, 2019 10:52pm Jun 23, 2019 10:52pm
Quoting Bones
Hi Coreg , yea but I'd see the open, I'm looking and that takes the tl and last day despite being the range I think it's in a trend now I'm looking at the early open when I post and it looks bullish but it's early, let's see the open hours {quote} {image}
Bones, doesn't matter what technical tools we use, we should come to the same conclusion. I noticed earlier that we are very close with turning points and targets on our charts. ...Here you also have a valid point because who can say that retracement has to be bigger than 38.2%? I didn't want to overload my charts with a 3rd scenario which you perfectly marked on my charts. ...Nice talking to you Bones. I am out.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #482,143
  • Jun 24, 2019 12:56am Jun 24, 2019 12:56am
Price edging up but this is such a bad place to buy. Looks like a great place to short due to heavy resistance zone but all the H4, D1, and W1 candles printed does not show rejection.
  • #482,144
  • Jun 24, 2019 1:06am Jun 24, 2019 1:06am
Quoting kelvinftg
Price edging up but this is such a bad place to buy. Looks like a great place to short due to heavy resistance zone but all the H4, D1, and W1 candles printed does not show rejection.

The 15 min candle at the opening would suggest a bullish continuation, but i have to agree with kelvinftg it's not a place to buy,??????

=
  • #482,145
  • Jun 24, 2019 1:16am Jun 24, 2019 1:16am
H1 looks like reversal rising wedge
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  • #482,146
  • Jun 24, 2019 1:18am Jun 24, 2019 1:18am
will let monthly closed and get bigger picture
not euphoria follower
  • #482,147
  • Jun 24, 2019 1:21am Jun 24, 2019 1:21am
Quoting NabhilaRS
H1 looks like reversal rising wedge {image}
pls post a diagram i dont see any pattern
  • #482,148
  • Jun 24, 2019 1:23am Jun 24, 2019 1:23am
Without correction? Just let it go for me.
  • #482,149
  • Jun 24, 2019 1:24am Jun 24, 2019 1:24am
Another scenario, back to 1.27500 then up again??
  • #482,150
  • Jun 24, 2019 1:28am Jun 24, 2019 1:28am
at 15 min chart
i will short if breaks that line down
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  • #482,151
  • Jun 24, 2019 1:33am Jun 24, 2019 1:33am
here comes the resistance, am adding some shorts 1.2762... SL 15 Pips...
follow the flow of music $
  • #482,152
  • Jun 24, 2019 1:33am Jun 24, 2019 1:33am
Inserted Video
  • #482,153
  • Jun 24, 2019 1:53am Jun 24, 2019 1:53am
Took short 1.27621
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-06-24 09.50.47_1.jpg Size: 95 KB
yes yes yes
  • #482,154
  • Jun 24, 2019 1:58am Jun 24, 2019 1:58am
Quoting ganam
here comes the resistance, am adding some shorts 1.2762... SL 15 Pips...
Can any one tell me the next support level to close..
follow the flow of music $
  • #482,155
  • Jun 24, 2019 1:59am Jun 24, 2019 1:59am
Quoting ganam
{quote} Can any one tell me the next support level to close..
1.27250
  • #482,156
  • Jun 24, 2019 2:00am Jun 24, 2019 2:00am
Quoting ganam
{quote} Can any one tell me the next support level to close..
1.2664
  • #482,157
  • Jun 24, 2019 2:00am Jun 24, 2019 2:00am
Quoting xristos2512
{quote} 1.27250
Thanks dear
follow the flow of music $
  • #482,158
  • Jun 24, 2019 2:02am Jun 24, 2019 2:02am
Quoting ganam
{quote} Can any one tell me the next support level to close..
look for a possible retracement to the 1.2605 / 1.2579 area my friend

EDIT there's another possibility as well, at the 1.2667 area
  • #482,159
  • Jun 24, 2019 2:03am Jun 24, 2019 2:03am
r1 1.27794
daily pivot 1.27103
s1 1.26748
s2 1.26057
s3 1.25702
  • #482,160
  • Jun 24, 2019 2:05am Jun 24, 2019 2:05am
Quoting Dingoman-two
{quote} look for a possible retracement to the 1.2305 / 1.2579 area my friend
On what chart do you see 1.23? Because looking at weekly and monthly, I only see 1.30 and higher...
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