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Cable Update (GBPUSD)

  • #505,981
  • Dec 12, 2019 3:28am Dec 12, 2019 3:28am
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  • #505,982
  • Dec 12, 2019 3:34am Dec 12, 2019 3:34am
That's the way to go mate.

Trade safe.

KP
Quoting Guztro
{quote} I agree, that's why a healthy balance between technical and fundamentals works for me. Guz
Do your homework, follow the footprints of smart money
  • #505,983
  • Dec 12, 2019 3:36am Dec 12, 2019 3:36am
In 15M GBPUSD is gradually turning and I'm aggressive. If it made past 3192 I will consider adding to my short trade at the slightest opportunity.
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Wanna succeed? Never Give Up.
  • #505,984
  • Dec 12, 2019 3:45am Dec 12, 2019 3:45am
Quoting fxhumility
In 15M GBPUSD is gradually turning and I'm aggressive. If it made past 3192 I will consider adding to my short trade at the slightest opportunity.{image}
A few support on the way down, 1.3180 / 1.3150 (h1)/ 1.3145 (h4)
COT: The precious data ignored
  • #505,985
  • Dec 12, 2019 3:54am Dec 12, 2019 3:54am
just in case you were not sure:
this is a polling station
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in wondering about yourself, you forgot what you came here to be part of
  • #505,986
  • Dec 12, 2019 3:54am Dec 12, 2019 3:54am
Quoting kuroro001
{quote} A few support on the way down, 1.3180 / 1.3150 (h1)/ 1.3145 (h4)
You're right. I will take that into consideration.
Wanna succeed? Never Give Up.
  • #505,987
  • Dec 12, 2019 3:55am Dec 12, 2019 3:55am
I am a swing trader (about 80-85%) but other time (15-20% of my trading) I go for opportunistic day trading. I am watching price action on GBPUSD for possible sell trading opportunity at an area that may surprise the crowd. Nothing will surprise in a long trade at the moment, but a sell trading opportunity at the 1.32700 signnificant horizontal resistance zone is what I am looking for. Any bearish setup in the area on an H4 closing basis will pique my interest. A shocking result at the UK general election will give the trade the fuel.

I may be wrong. Trade safe.

KP

Quoting KeenPips
Thanks mate for your eagle eye, and observation. Actually, the significant horizontal resistance is around 1.32700; the high of March 2019. My apologies. Trade safe. KP {quote}
Do your homework, follow the footprints of smart money
  • #505,988
  • Dec 12, 2019 3:59am Dec 12, 2019 3:59am
bias flipped to south.
At least until H4 support @ 3170.
Just need a M5 setup for entry.
in wondering about yourself, you forgot what you came here to be part of
  • #505,989
  • Dec 12, 2019 4:07am Dec 12, 2019 4:07am
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yes yes yes
  • #505,990
  • Dec 12, 2019 4:08am Dec 12, 2019 4:08am
Quoting KeenPips
I am a swing trader (about 80-85%) but other time (15-20% of my trading) I go for opportunistic day trading. I am watching price action on GBPUSD for possible sell trading opportunity at an area that may surprise the crowd. Nothing will surprise in a long trade at the moment, but a sell trading opportunity at the 1.32700 signnificant horizontal resistance zone is what I am looking for. Any bearish setup in the area on an H4 closing basis will pique my interest. A shocking result at the UK general election will give the trade the fuel. I may be wrong....

The high of March 2019. Wasn't that 1.3380 ish? But if I misunderstand, thank you for the heads up. Tomorrow will be a great trading opportunity anyway.
Gone to a better place
  • #505,991
  • Edited 4:35am Dec 12, 2019 4:14am | Edited 4:35am
I see 3190 limit broken, so set be to play next sr 3150 or towards previous bottom or confirmation level 3103! Anyway can still crazily more or further up, but likely end ladt leg up in most crazy top extension below 3100 towards 3012 next limit or below next confimation tanking 2767 to have better sr for next bull. Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #505,992
  • Dec 12, 2019 4:27am Dec 12, 2019 4:27am
Quoting fxhumility
{quote} You're right. I will take that into consideration.
Bounced off 1.3180 so far

But below 1.3197/1.3200 is limiting the upside

We'll see
COT: The precious data ignored
  • #505,993
  • Dec 12, 2019 4:40am Dec 12, 2019 4:40am
Thanks mate. I am targeting a zone, with the 1.32700 psychological number within that zone. I highlighted that zone in an earlier post a few days ago.

Trade safe.

KP

Quoting smikester
{quote} The high of March 2019. Wasn't that 1.3380 ish? But if I misunderstand, thank you for the heads up. Tomorrow will be a great trading opportunity anyway.
Do your homework, follow the footprints of smart money
  • #505,994
  • Dec 12, 2019 4:42am Dec 12, 2019 4:42am
Quoting kuroro001
{quote} Bounced off 1.3180 so far But below 1.3197/1.3200 is limiting the upside We'll see
Yea I put a sell limit @3206.
Wanna succeed? Never Give Up.
  • #505,995
  • Dec 12, 2019 4:48am Dec 12, 2019 4:48am
Gu H1 goes down all go down H1
  • #505,996
  • Dec 12, 2019 4:54am Dec 12, 2019 4:54am
Long in at 1.3199

Busted 16 pips
Don't trade what you think. Just what you see!!!
  • #505,997
  • Dec 12, 2019 5:06am Dec 12, 2019 5:06am
Quoting fxhumility
{quote} Yea I put a sell limit @3206.
Second tp achieved at 1.3150

Ultimate tp would be 1.3060 ....but long way down
COT: The precious data ignored
  • #505,998
  • Dec 12, 2019 5:14am Dec 12, 2019 5:14am
Quoting kuroro001
{quote} Second tp achieved at 1.3150 Ultimate tp would be 1.3060 ....but long way down
You think its still worth selling at current price or do you think itll slightly retrace more?
  • #505,999
  • Dec 12, 2019 5:19am Dec 12, 2019 5:19am
SELL 3162
in wondering about yourself, you forgot what you came here to be part of
  • #506,000
  • Dec 12, 2019 5:22am Dec 12, 2019 5:22am
Quoting HumzahJ
{quote} You think its still worth selling at current price or do you think itll slightly retrace more?
The move looks strong, but selling a support is always tricky.

Its risky to short/long in the middle of a move, especially today because its election day.

Resistance 1.3180....support 1.3140 (now)

I'm still selling rallies until 1.3060 for now
COT: The precious data ignored
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