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Cable Update (GBPUSD)

  • #518,661
  • May 3, 2020 6:22pm May 3, 2020 6:22pm
I am a big long here 1.2450. Let's see if we make 1.27 now.
  • #518,662
  • May 3, 2020 6:45pm May 3, 2020 6:45pm
Lets market running
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this month is retrace candle before going to north, that is what I saw but...(lets market decide )
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  • #518,663
  • May 3, 2020 6:56pm May 3, 2020 6:56pm
Quoting navk
note {image}
I doff my hat for your confidence. Only few traders can take this kind of risk.

What is the yellow MA on your chart?
  • #518,664
  • May 3, 2020 8:17pm May 3, 2020 8:17pm
Quoting Bydyke
{quote} I doff my hat for your confidence. Only few traders can take this kind of risk. What is the yellow MA on your chart?
200 ema, 50, 21 & 9
Intraday only.
  • #518,665
  • May 3, 2020 9:26pm May 3, 2020 9:26pm
Quoting msniper
Dollar Index I see a bearish pattern and now its retesting before resuming the fall which might help the GBPUSD and EURUSD to go up again {image}
Good analysis msniper .
Let's see if today's GBPUSD closes above the 2450 number.
Compulsions can be hard to resist
  • #518,666
  • May 3, 2020 9:53pm May 3, 2020 9:53pm
Quoting navk
{quote} 200 ema, 50, 21 & 9
Thanks. But don't you think that presently, EMA 200/H1 seems to be giving in to the bears and that EMA 200/H4 at 2434 and EMA 29/D1 at 2421 are now on the radar. Are you still holding those trades without protection?
  • #518,667
  • May 3, 2020 10:13pm May 3, 2020 10:13pm
Quoting Bydyke
{quote} Thanks. But don't you think that presently, EMA 200/H1 seems to be giving in to the bears and that EMA 200/H4 at 2434 and EMA 29/D1 at 2421 are now on the radar. Are you still holding those trades without protection?
not just EMA 200.

I am looking at hourly low too.

May be possible, one more low after frankfurt open.

Not sure.

Lower level ema are higher, 200 EMA below. so definitely bounce is there before falling.
Intraday only.
  • #518,668
  • May 3, 2020 10:22pm May 3, 2020 10:22pm
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yes yes yes
  • #518,669
  • May 3, 2020 10:26pm May 3, 2020 10:26pm
Quoting msniper
Dollar Index I see a bearish pattern and now its retesting before resuming the fall which might help the GBPUSD and EURUSD to go up again {image}
let's hope it will crush
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yes yes yes
  • #518,670
  • May 3, 2020 10:36pm May 3, 2020 10:36pm
Quoting navk
{quote} not just EMA 200. I am looking at hourly low too. May be possible, one more low after frankfurt open. Not sure. Lower level ema are higher, 200 EMA below. so definitely bounce is there before falling.
Goodluck. For me I am short already with 2434 as my TP1. If PA does not retrace there then 2421 is the next target
  • #518,671
  • May 3, 2020 10:45pm May 3, 2020 10:45pm
Quoting Bydyke
{quote} Goodluck. For me I am short already with 2434 as my TP1. If PA does not retrace there then 2421 is the next target
your TP possible could get hit when frankfurt opens
Intraday only.
  • #518,672
  • May 3, 2020 10:54pm May 3, 2020 10:54pm
H4
Good morning
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PA Trading with EMAs & common Sense
  • #518,673
  • May 3, 2020 10:55pm May 3, 2020 10:55pm
Long below 24000 still more safe, patience still much needed here.
Keep the Lights on then you can catch the rise from the dark.
  • #518,674
  • May 3, 2020 11:05pm May 3, 2020 11:05pm
H4 Sell

SL to BE

atb vvm
PA Trading with EMAs & common Sense
  • #518,675
  • May 3, 2020 11:10pm May 3, 2020 11:10pm
I will buy new hourly high
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yes yes yes
  • #518,676
  • May 3, 2020 11:12pm May 3, 2020 11:12pm
Inserted Video
  • #518,677
  • May 3, 2020 11:14pm May 3, 2020 11:14pm
Quoting navk
{quote} your TP possible could get hit when frankfurt opens
PA has now got to D1 average at 2423 and I am out. Waiting to go long and I feel we can now see the 2500s.
  • #518,678
  • May 3, 2020 11:21pm May 3, 2020 11:21pm
Quoting Bydyke
{quote} PA has now got to D1 average at 2423 and I am out. Waiting to go long and I feel we can now see the 2500s.
if 2422 holds, the price will break 2500 to 2522
Intraday only.
  • #518,679
  • May 3, 2020 11:23pm May 3, 2020 11:23pm
if 2408 breaks, forget longs, but scalping is fine
Intraday only.
  • #518,680
  • May 3, 2020 11:26pm May 3, 2020 11:26pm
Quoting navk
if 2408 breaks, forget longs, but scalping is fine
I believe you but the hammer on M15 is coloured short and so I don't think the bulls have woken up yet. Well, the M5 average at 2442 will throw more light shortly
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