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Cable Update (GBPUSD)

  • #520,201
  • May 13, 2020 11:03am May 13, 2020 11:03am
Hello all i just found this thread very very helpful thanks for all for sharing your analysis to help us the newbies
Give respect and have respect
  • #520,202
  • May 13, 2020 11:05am May 13, 2020 11:05am
Inserted Video
  • #520,203
  • May 13, 2020 11:06am May 13, 2020 11:06am
its escaped the 5 min tl so take it and watch the bottom and add ,,, usual move
  • #520,204
  • May 13, 2020 11:09am May 13, 2020 11:09am
it broke the trend line in 4hr chart.

so retest of trend line is short opportunity.
Attached Image (click to enlarge)
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Intraday only.
  • #520,205
  • May 13, 2020 11:11am May 13, 2020 11:11am
cancel that last one long and add 2243 sorry rushing
  • #520,206
  • May 13, 2020 11:17am May 13, 2020 11:17am
Quoting elbert3
cancel that last one long and add 2243 sorry rushing
no long until Tokyo session finished in my opinion.

I had set buy limits and and i cancelled all.

Now have only sell limits.

Important level is broken. today
Intraday only.
  • #520,207
  • May 13, 2020 11:18am May 13, 2020 11:18am
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yes yes yes
  • #520,208
  • May 13, 2020 11:27am May 13, 2020 11:27am
Quoting navk
{quote} no long until Tokyo session finished in my opinion. I had set buy limits and and i cancelled all. Now have only sell limits. Important level is broken. today
yes its not playing ball ,,go with the flow, might just get mesed around here
  • #520,209
  • May 13, 2020 11:47am May 13, 2020 11:47am
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  • #520,210
  • May 13, 2020 11:56am May 13, 2020 11:56am
Uk needs a new prime minister this fucking boring Johnson is clueless
  • #520,211
  • May 13, 2020 12:02pm May 13, 2020 12:02pm
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nice and simple with no bad language
  • #520,212
  • May 13, 2020 12:21pm May 13, 2020 12:21pm
Now there is a very big chance of 1.2165 happening in Asia... Last leg of drop before full retracement for rest of the week. Closing my buy at break even for a better buy at 1.2165 level.
Data + Stat + Risk/Emotions Management
  • #520,213
  • May 13, 2020 12:34pm May 13, 2020 12:34pm
Attached Image (click to enlarge)
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Quoting Georginson
Now there is a very big chance of 1.2165 happening in Asia... Last leg of drop before full retracement for rest of the week. Closing my buy at break even for a better buy at 1.2165 level.
You would think that this weekly chart and the bullish candle bits a pull back . So is the first low next to it the pull back bottom ?? So support??? Or if it breaks where next so I think fib on that chart might give more of a clue and some fib levels . Regards
  • #520,214
  • May 13, 2020 12:41pm May 13, 2020 12:41pm
W
  • #520,215
  • May 13, 2020 12:52pm May 13, 2020 12:52pm
i like this last candle
Attached Image(s) (click to enlarge)
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yes yes yes
  • #520,216
  • May 13, 2020 1:24pm May 13, 2020 1:24pm
Quoting Moty
i like this last candle {image} {image}

it is well obvious that price is already trading under
awaiting confirmation to fall to April Low and more lower.
Keep the Lights on then you can catch the rise from the dark.
  • #520,217
  • May 13, 2020 1:29pm May 13, 2020 1:29pm
Quoting elbert3
{image}{quote} You would think that this weekly chart and the bullish candle bits a pull back . So is the first low next to it the pull back bottom ?? So support??? Or if it breaks where next so I think fib on that chart might give more of a clue and some fib levels . Regards
I'm analysing it based on weekly ranges... Last four weeks weekly ranges are 320, 280, 253 and 220 pips... So far this week it has done 228 pips, it could stop here at 1.2209 low or could extend the range to 270 pips which means an aim at critical support at 1.2164 level before at least 150 pips retracement from any final low it touches this week. In all expect reversal from this Asia session. Cheers
Data + Stat + Risk/Emotions Management
  • #520,218
  • May 13, 2020 1:41pm May 13, 2020 1:41pm
Attached Image (click to enlarge)
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yes yes yes
  • #520,219
  • May 13, 2020 1:46pm May 13, 2020 1:46pm
The markets are quiet! Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #520,220
  • May 13, 2020 2:36pm May 13, 2020 2:36pm
Quoting Moty
{image}
cable started as a buy meaning it is forming wick for a sell, don't let them play you, get ready for the fall
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