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Cable Update (GBPUSD)

  • #516,341
  • Apr 14, 2020 7:16am Apr 14, 2020 7:16am
Republish. continues the bullish trend and the 1.2530 target level is breached. Thus the next bullish target is 1.2830(0.786Fib). Now a slight decline has begun and if the 1.2500 level (MA55 1H) is not broken, then I'd open a long position.

i am not getting in the market again today, happy with my results.

trade safe and keep safe

Joe
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  • #516,342
  • Apr 14, 2020 7:22am Apr 14, 2020 7:22am
A trader on another platform just commented "risk off flows accumulation almost done..."

Could mean Yen to be sold now which will be good for my gbp/jpy trades....and anyone trading against the Yen. But do your own analysis
Don't Leave Money on the Table
  • #516,343
  • Apr 14, 2020 7:23am Apr 14, 2020 7:23am
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was not far wrong just watching the 4 hour top
  • #516,344
  • Apr 14, 2020 7:26am Apr 14, 2020 7:26am
Quoting pipfarm
{quote} To be honest im struggling to find the answer to your point of view, that is not to say your wrong, all i can say is i see an hourly primary trend that at the moment is corrective , theoretically resistance is around the 1.2700 level which if broken would reverse the daily minor trend and we might possibly see 1.3200. The daily primary downtrend is still in tact as well as the daily secondary but the minor trend is up but not a reversal The third leg of hourly primary which is the daily minor is looking weak, one would expect a much stronger...
Thanks for the input and the chart. I learned something new today - secular trend.
Gone to a better place
  • #516,345
  • Apr 14, 2020 7:36am Apr 14, 2020 7:36am
first target reached .
waiting for the pull back for another entry.
i will buy new 15m candle high , sl at the bottom of the candle , tp at least 2 time the size of entry candle , you can trail sl
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yes yes yes
  • #516,346
  • Apr 14, 2020 7:37am Apr 14, 2020 7:37am
1.2600 isn't far away anymore to hit my target. I do fancy a sell from 1.2620 for just 70 pips.
Data + Stat + Risk/Emotions Management
  • #516,347
  • Apr 14, 2020 7:43am Apr 14, 2020 7:43am
Quoting HaLBot
A trader on another platform just commented "risk off flows accumulation almost done..." Could mean Yen to be sold now which will be good for my gbp/jpy trades....and anyone trading against the Yen. But do your own analysis
I marked up some levels that might help

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Follow The Markets Structure - Patience and Discipline
  • #516,348
  • Apr 14, 2020 7:46am Apr 14, 2020 7:46am
Time for a little pull back
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  • #516,349
  • Apr 14, 2020 7:47am Apr 14, 2020 7:47am
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yes yes yes
  • #516,350
  • Apr 14, 2020 8:09am Apr 14, 2020 8:09am
Quoting akim0895
{quote} don’t dive again.. i’m waiting
just for a cup of coffee...
  • #516,351
  • Apr 14, 2020 8:13am Apr 14, 2020 8:13am
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possible line here 1 min
  • #516,352
  • Apr 14, 2020 8:17am Apr 14, 2020 8:17am
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2590 2625 . Short 2430 not a good one for now then 2505 fib level
  • #516,353
  • Apr 14, 2020 8:23am Apr 14, 2020 8:23am
M5

s. Chart

atb vvm
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PA Trading with EMAs & common Sense
  • #516,354
  • Apr 14, 2020 8:30am Apr 14, 2020 8:30am
Confirming break at the top of the line watch 2561
  • #516,355
  • Apr 14, 2020 8:31am Apr 14, 2020 8:31am
waiting for the breakup
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yes yes yes
  • #516,356
  • Apr 14, 2020 8:33am Apr 14, 2020 8:33am
Quoting Moty
waiting for the breakup {image}
I doubt. may not be today. the pair seems to have got some bears.
Intraday only.
  • #516,357
  • Apr 14, 2020 8:51am Apr 14, 2020 8:51am
Quoting Moty
waiting for the breakup {image}
comming soon

חג שמח
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #516,358
  • Apr 14, 2020 8:52am Apr 14, 2020 8:52am
Quoting elbert3
Confirming break at the top of the line watch 2561
61 held for now but keep it in mind see if the above will now be taken . Always watch 1 .4 hour tops - we are in no mans land here it could move fast either way . Soon be long at this time . But it’s cable and it can bite you in the ar....e
  • #516,359
  • Apr 14, 2020 8:54am Apr 14, 2020 8:54am
I come out, I have a headache, while I will close the chart and playing pubg mobile. Market is market...

TP set
Sl set.

see you. I will replan tommorow when london session
  • #516,360
  • Apr 14, 2020 8:59am Apr 14, 2020 8:59am
Quoting Almo2312
{quote} comming soon חג שמח
What level are you looking at anyway?
Lost....
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