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Cable Update (GBPUSD)

  • #482,341
  • Jun 25, 2019 12:35pm Jun 25, 2019 12:35pm
so it looks like it is resuming downtrend.


2650 is important.

Either today or tomorrow it could break.
Intraday only.
  • #482,342
  • Jun 25, 2019 12:37pm Jun 25, 2019 12:37pm
Quoting ganam
{quote} added longs from 1.2675 the daily resistance S2
1.2703 right.....will wait for tomorrow...this second wave in Day 1....expected
follow the flow of music $
  • #482,343
  • Jun 25, 2019 12:39pm Jun 25, 2019 12:39pm
If holds 1.2701 today, more bulls will be visible
follow the flow of music $
  • #482,344
  • Jun 25, 2019 12:40pm Jun 25, 2019 12:40pm
Quoting navk
so it looks like it is resuming downtrend. 2650 is important. Either today or tomorrow it could break.
End of the month is coming, will see how it will develop after the end of the speech.
  • #482,345
  • Jun 25, 2019 12:47pm Jun 25, 2019 12:47pm
1.2675 might become a higher level support depending how the trade will resume after the end of the speech. It is at 38.2 retrace from the highs.
Attached Image (click to enlarge)
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  • #482,346
  • Jun 25, 2019 1:01pm Jun 25, 2019 1:01pm
Quoting blackjacker
1.2675 might become a higher level support depending how the trade will resume after the end of the speech. It is at 38.2 retrace from the highs. {image}
close below 2730/40 is bearish to me.
Intraday only.
  • #482,347
  • Jun 25, 2019 1:04pm Jun 25, 2019 1:04pm
h1
Attached Image (click to enlarge)
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yes yes yes
  • #482,348
  • Jun 25, 2019 1:18pm Jun 25, 2019 1:18pm
Knew it was gonna come crashing in the short term. 40 sweet pips at 2680
  • #482,349
  • Jun 25, 2019 1:58pm Jun 25, 2019 1:58pm
I close with 82 pips profit...
76 pips in main account...
I will await to look assian session...
  • #482,350
  • Jun 25, 2019 3:00pm Jun 25, 2019 3:00pm
Quoting pipcenturion
Weak holders of SELL positions have been flushed out. Now price can drop until 1.269X or 1.266x
. . .

Now we can begin to look for buying opportunities.
  • #482,351
  • Jun 25, 2019 5:11pm Jun 25, 2019 5:11pm
yes more lower, this is good actually for bull. we dont wan price too much higher come july. let it slide more hopefully around 1.2500 area base
  • #482,352
  • Jun 25, 2019 5:20pm Jun 25, 2019 5:20pm
Quoting pipcenturion
The sellers aren't done with GBPUSD yet. Once they are done, the remaining part of the week will be for bulls. Within the next 2 weeks, the bulls will see 1.3011 on GBPUSD.
I stand to be held accountable for the statement and projection above.

Enjoy the bull run!
  • #482,353
  • Jun 25, 2019 5:25pm Jun 25, 2019 5:25pm
Quoting navk
many bull traders missing today
I said be careful @ 1.2760. Price back below it. Thats mean bear.
  • #482,354
  • Jun 25, 2019 6:42pm Jun 25, 2019 6:42pm
Quoting pipcenturion
{quote} I stand to be held accountable for the statement and projection above. Enjoy the bull run!
I dont know bull will come or not. But not see setup for bull yet.
  • #482,355
  • Jun 25, 2019 6:50pm Jun 25, 2019 6:50pm
Quoting pipcenturion
{quote} I stand to be held accountable for the statement and projection above. Enjoy the bull run!
Pipcenturion, I've noticed your excellent calls in the last few days, care to reveal your method of forecasting? I agree with your prediction as long as January 3rd low holds. I made a similar call but so far I lower my targets. https://www.forexfactory.com/showthr...7#post12313227 ...You are familiar with the 3rd touch of the TL?...Good trading.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #482,356
  • Jun 25, 2019 7:06pm Jun 25, 2019 7:06pm
Wait at london open. Still no clear for direction.
  • #482,357
  • Jun 25, 2019 7:07pm Jun 25, 2019 7:07pm
Quoting Coreg2004
{quote} Pipcenturion, I've noticed your excellent calls in the last few days, care to reveal your method of forecasting? I agree with your prediction as long as January 3rd low holds. I made a similar call but so far I lower my targets. https://www.forexfactory.com/showthr...7#post12313227 ...You are familiar with the 3rd touch of the TL?...Good trading. {image}
Thanks for the kind words sir.

I forecast by checking the inter-relationship between price and volume.

Yes, I am familiar with the third touch of trend line method.
  • #482,358
  • Jun 25, 2019 7:25pm Jun 25, 2019 7:25pm
Hello again...
This is what i am thinking...
To watch carefully ... 1,2700... Around this... price can go up or down...
Asian or london session will tell us...

I didnt notice wrong use of my fibo... ... on the pics before...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 53 KB
  • #482,359
  • Jun 25, 2019 10:07pm Jun 25, 2019 10:07pm
2712 is pivot. below this level, sell only today
Intraday only.
  • #482,360
  • Jun 25, 2019 10:26pm Jun 25, 2019 10:26pm
Quoting navk
2712 is pivot. below this level, sell only today
Yeap, looking at more detail it suits at 0.38 retracement ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 44 KB
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