Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #518,621
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May 1, 2020 4:17pm May 1, 2020 4:17pm

elbert3
Joined Dec 2013 | Status: Member | 19,807 Posts

Quoting elbert3

Disliked

{image}{quote} As above and short take stop is 6 pip target 24400

Ignored

2495 needs to fold or if it holds 2566

Post #518,622
Quote
May 1, 2020 4:25pm May 1, 2020 4:25pm

elbert3
Joined Dec 2013 | Status: Member | 19,807 Posts

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little h/s lol

Post #518,623
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May 1, 2020 4:29pm May 1, 2020 4:29pm

elbert3
Joined Dec 2013 | Status: Member | 19,807 Posts

Quoting elbert3

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{quote} I do talk to it .. it feeling like a busy day .

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As above lol

Post #518,624
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May 1, 2020 4:33pm May 1, 2020 4:33pm

elbert3
Joined Dec 2013 | Status: Member | 19,807 Posts

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1 hour . 1.. is a retest of the bull candle . Long order at 2511 sell on the possible below

Post #518,625
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May 1, 2020 4:34pm May 1, 2020 4:34pm

elbert3
Joined Dec 2013 | Status: Member | 19,807 Posts

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love that h/s

Post #518,626
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May 1, 2020 5:00pm May 1, 2020 5:00pm

trumps
Joined Mar 2020 | Status: Member | 2,698 Posts

Quoting Stefan90csk

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Are you guys still buying?

Ignored

very soon.
A little dip next week into mid 24's, then waiting for bullish sign on lower tf

Compulsions can be hard to resist

Pulchra All Time Return: -88.4%

Post #518,627
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May 1, 2020 6:05pm May 1, 2020 6:05pm

seincard
| Joined Aug 2006 | Status: Member | 397 Posts

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what a week

well,
Now, we have double top on Weekly chart

if next week cable down below 1.2427 possible down to:

1.2370 ~ 1.2250 and then, possible up to 1.29xx

Post #518,628
Quote
May 1, 2020 6:25pm May 1, 2020 6:25pm

trumps
Joined Mar 2020 | Status: Member | 2,698 Posts

Quoting trumps

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{quote} very soon. A little dip next week into mid 24's, then waiting for bullish sign on lower tf

Ignored

April confirms rejection at more recent resistance as Bones suggested would happen.
Small spike on day tf next week for retest, then down.

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Compulsions can be hard to resist

Pulchra All Time Return: -88.4%

Post #518,629
Quote
May 2, 2020 1:26am May 2, 2020 1:26am

giselle1723
Joined Jan 2019 | Status: Member | 430 Posts

Intraday prediction;
Currently trend bias:Neutral

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Post #518,630
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May 2, 2020 8:39am May 2, 2020 8:39am

spider123
| Joined May 2020 | Status: Member | 14 Posts

What a week its been for GBP/USD!

I think we will see it go above 1.2600 in the next week or two.

Anyone else agree?

Post #518,631
Quote
May 2, 2020 8:58am May 2, 2020 8:58am

navk
Joined Oct 2010 | Status: Trader | 17,808 Posts

I post here hourly chart and 5 min TF.

iT is possible 2525 would offer resistance for down move towards 2450 which is hourly support and then bounce.

However, if 2488 holds, then a big move towards 2640 on cards.

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Intraday only.

Post #518,632
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May 2, 2020 9:04am May 2, 2020 9:04am

corongumet
Joined Dec 2018 | Status: Member | 1,482 Posts

Cot data

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Post #518,633
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May 2, 2020 9:04am May 2, 2020 9:04am

HaLBot
Joined Jan 2016 | Status: Member | 3,313 Posts

Looking at the structure of Fridays daily candle and what might it become on Monday the recent comparison is the 26th Feb daily candle. It had no bottom wick and Fridays had a very small wick indicating Bears were in control and that bulls did not attempt to push higher of it's lows.
If we have a bearish day Monday we could see it rise to 2540 then turn bearish and head to the 2440 area, bottom of the decending channel I have drawn. If it respects that channel? Also the area other traders have indicated!
Bullish rallying day Monday we'll see 2700, top of descending channel(if it respects that channel?) or at least 2600 for a bullish day
Daily 100ma comes in @ 2741 and the 200ma @ 2652

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Post #518,634
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May 2, 2020 9:15am May 2, 2020 9:15am

htcone
| Joined Apr 2019 | Status: Member | 610 Posts

Quoting htcone

Disliked

One has to dig out the bigger moves in last day of the month and next day price falls like a rock making all analysis useless...It is reoccurring pattern with GBP pairs in most of month ends...

Ignored

Someone said it was flawed observation

sell strength in falling markets, and buy weakness in rising markets.

Post #518,635
Quote
May 2, 2020 10:21am May 2, 2020 10:21am

MQLTrade
| Additional Username | Joined Mar 2019 | 608 Posts

GU 1H

Quotes are next to reversal zone.....so on the left new green swing with entry point & TPs

Stay SAFE, stay GREEN

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Post #518,636
Quote
May 2, 2020 10:33am May 2, 2020 10:33am

htcone
| Joined Apr 2019 | Status: Member | 610 Posts

Quoting ozalid

Disliked

{quote} A valuable insight. On 30/12 and 30/01 the price soared up and then fell. It is worth keeping an eye on it

Ignored

pattern repeated

sell strength in falling markets, and buy weakness in rising markets.

Post #518,637
Quote
May 2, 2020 11:14am May 2, 2020 11:14am

Georginson
Joined Aug 2018 | Status: Lonewolf | 3,708 Posts

Quoting HaLBot

Disliked

Looking at the structure of Fridays daily candle and what might it become on Monday the recent comparison is the 26th Feb daily candle. It had no bottom wick and Fridays had a very small wick indicating Bears were in control and that bulls did not attempt to push higher of it's lows. If we have a bearish day Monday we could see it rise to 2540 then turn bearish and head to the 2440 area, bottom of the decending channel I have drawn. If it respects that channel? Also the area other traders have indicated! Bullish rallying day Monday we'll see 2700,...

Ignored

Great piece of analysis you have got here. Friday bearish move was necessary to correct the weekly range overbought condition and also to drag the 4 hours RSI from 73 back to medium at 50. Most Mays are bearish in nature and the medium term trend is still bearish for a test of 1.22 region. This month is expected to move at least 10 to 140 pips above the opening price which shows 1.2605 - 1.2735 which will not overrule the bearish bias of 1.22. May should have at least 450 pips range and should the rate attempt 1.2735, just subtract 450 pips from it which will give 1.2285 in summary a sell from 1.26 -1.27 is advisable to 1.22 level while stop loss can be set at 1.2770. stay safe and remain profitable.