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Cable Update (GBPUSD)

  • #520,301
  • May 14, 2020 2:38am May 14, 2020 2:38am
Quoting navk
{quote} 2300 and above today.( 2312 infact ) Do not be in a hurry to close your longs stop must be 2180
Engulfing hourly candle.
I like it
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-14-2020 10.37.22_1.jpg Size: 112 KB
yes yes yes
  • #520,302
  • May 14, 2020 2:43am May 14, 2020 2:43am
Don't get too excited if we break Asian high.

Let's keep it in perspective.

2250 would be a sell point
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 24 KB
Compulsions can be hard to resist
  • #520,303
  • May 14, 2020 2:46am May 14, 2020 2:46am
Bit of a sell might be setting up
Got to wait for them to go for it
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #520,304
  • May 14, 2020 2:48am May 14, 2020 2:48am
a break of 1.22200 might attract some more buyers.
Patience and Discipline.
  • #520,305
  • May 14, 2020 2:48am May 14, 2020 2:48am
Quoting trumps
Don't get too excited if we break Asian high. Let's keep it in perspective. 2250 would be a sell point {image}
Better still 2263 daily pivot area. All the hurry to buy sounds interesting. I expect 2165 to hit, but I cannot sell from here.
  • #520,306
  • May 14, 2020 2:52am May 14, 2020 2:52am
Quoting Mitiblotch
{quote} Better still 2263 daily pivot area. All the hurry to buy sounds interesting. I expect 2165 to hit, but I cannot sell from here.
Yes 1.2140 is possible..this just bull candle might be a distraction
  • #520,307
  • May 14, 2020 2:53am May 14, 2020 2:53am
and here comes the crooks.

they tryna distort candle closings and charts
Discipline is key
  • #520,308
  • May 14, 2020 2:53am May 14, 2020 2:53am
Still side way. Dont too rush.
May be after news the real move will come.
  • #520,309
  • May 14, 2020 2:53am May 14, 2020 2:53am
Quoting SFundamental
Bit of a sell might be setting up Got to wait for them to go for it
easy money....
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #520,310
  • May 14, 2020 2:55am May 14, 2020 2:55am
https://www.tradingview.com/x/Ta7lihks/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #520,311
  • May 14, 2020 2:55am May 14, 2020 2:55am
GBP index still show bearish situation..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB


take care
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #520,312
  • May 14, 2020 2:57am May 14, 2020 2:57am
1.2165 still on the table.
Patience and Discipline.
  • #520,313
  • May 14, 2020 3:02am May 14, 2020 3:02am
Quoting Stefan90csk
1.2165 still on the table.
Can sell now..could be a good area
  • #520,314
  • May 14, 2020 3:04am May 14, 2020 3:04am
Now i i sure it is going up.
They made Crook's testing old support that became resistance candle to attract sellers , but is not.
This is temporary rejected bullish engulfing missile
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 05-14-2020 11.02.33_1.jpg Size: 111 KB
yes yes yes
  • #520,315
  • May 14, 2020 3:09am May 14, 2020 3:09am
Quoting Moty
Now i i sure it is going up. They made Crook's testing old support that became resistance candle to attract sellers , but is not. This is temporary rejected bullish engulfing missile {image}
engulfing candle can pull back by 50 %
Intraday only.
  • #520,316
  • May 14, 2020 3:09am May 14, 2020 3:09am
any wise person would avoid selling cable until the break of monthly low, it's a trap
  • #520,317
  • May 14, 2020 3:13am May 14, 2020 3:13am
Quoting Suj
{quote} Can sell now..could be a good area
I wouldn't. The reward to risk ration will not be enough to take the risk.

On the other hand - a break of the level can initiate more selling.
Patience and Discipline.
  • #520,318
  • May 14, 2020 3:14am May 14, 2020 3:14am
Quoting navk
{quote} engulfing candle can pull back by 50 %
Thanks for your Analyze, I would like to know your view about today's news after 2 hours and half? will it effect the GBP?
  • #520,319
  • May 14, 2020 3:30am May 14, 2020 3:30am
Quoting epzero
any wise person would avoid selling cable until the break of monthly low, it's a trap
Selling the break of last month's low would be the trap in my opinion
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 25 KB
Compulsions can be hard to resist
  • #520,320
  • May 14, 2020 3:34am May 14, 2020 3:34am
Quoting trumps
{quote} Selling the break of last month's low would be the trap in my opinion {image}
And now you have set the double double bluff of the trap.
Gone to a better place
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