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Cable Update (GBPUSD)

  • #521,481
  • May 19, 2020 8:36am May 19, 2020 8:36am
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yes yes yes
  • #521,482
  • May 19, 2020 8:39am May 19, 2020 8:39am
Possible continuation on the daily chart to the downside...monitor S/R zones on 15M...
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Always trade your own plan...I don't provide trading signals.
  • #521,483
  • May 19, 2020 8:45am May 19, 2020 8:45am
Luke, my spirit animal puffer fish that whispers all trades to me, has told me of this new suspicion of his!
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  • #521,484
  • May 19, 2020 8:49am May 19, 2020 8:49am
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  • #521,485
  • May 19, 2020 8:51am May 19, 2020 8:51am
Quoting KeenPips
What is nice? It will be good, mate, if you try to make your posts beneficial to fellow traders here...Engage with us. KP {quote}
Apologies I was scalping Keen. Should not have posted.

I think we are all on different levels.
There is no point in me talking about certain things

But I will post put some fundamental narratives

So here goes -

Medium term carry on Cable is really high.
Circa 1.45 ish
Ideally, we are looking for accumulation on COT or a event to trigger it.
Goldman Sacks seemed more bullish on Cable from their note on Friday- and this may have helped the move up yesterday - its was a P shape. Everyone would have seen this.
Lots of short traders got turned over on Monday

For those that don't know about volume profile is - this might help

https://medium.com/@globalprimeforex...t-f28f0b5efd62

Here is the current position:

https://www.tradingview.com/x/UWUhMykI/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,486
  • May 19, 2020 8:54am May 19, 2020 8:54am
BUY
  • #521,487
  • May 19, 2020 9:00am May 19, 2020 9:00am
You were multitasking.

Trade safe.

KP

Quoting SFundamental
{quote} Apologies I was scalping Keen. Should not have posted....
Do your homework, follow the footprints of smart money
  • #521,488
  • May 19, 2020 9:14am May 19, 2020 9:14am
wait for a signal to Short ( BIG )
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https://investizo.com/investment/view?server=1&login=2141779119
  • #521,489
  • May 19, 2020 9:38am May 19, 2020 9:38am
Not much will happen for a couple of hours as it’s going into consolidation. On the 1 hour
  • #521,490
  • May 19, 2020 9:42am May 19, 2020 9:42am
buyers still strong
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yes yes yes
  • #521,491
  • May 19, 2020 9:46am May 19, 2020 9:46am
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1 hour can’t make its mind up . Waiting for ema catchup
  • #521,492
  • May 19, 2020 10:06am May 19, 2020 10:06am
Quoting Vincent1
{quote} Agree (today, but also tomorrow) Pending orders there are waiting to enter the market The area is also a trendline target
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  • #521,493
  • May 19, 2020 10:09am May 19, 2020 10:09am
i believe it will go to 1.2300 by tomorrow
LUCKY golden trades, LUCKY gold investor trading style
  • #521,494
  • May 19, 2020 10:27am May 19, 2020 10:27am
Quoting fx4money
i believe it will go to 1.2300 by tomorrow
1H chart
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4H chart
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It's possible
BARAK
  • #521,495
  • May 19, 2020 10:56am May 19, 2020 10:56am
GBPUSD target is 1.2550

that doesn't mean it cant go to test 1.20xx area one more time before shooting up

main point is buy any dips

selling for big targets is dangerous
  • #521,496
  • May 19, 2020 11:13am May 19, 2020 11:13am
Quoting ozalid
BUY
It was worth the wait today
  • #521,497
  • May 19, 2020 11:19am May 19, 2020 11:19am
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yes yes yes
  • #521,498
  • May 19, 2020 11:21am May 19, 2020 11:21am
Quoting ozalid
{quote} It was worth the wait today
Sure.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #521,499
  • May 19, 2020 11:22am May 19, 2020 11:22am
wheres your stop moty? or where would it be for your sells to be closed out fully
  • #521,500
  • May 19, 2020 11:24am May 19, 2020 11:24am
Quoting OnlineAddict
{quote} And just keep holding...2300...2500...
Buying dips is still safer than trying to scalp shorts. Let the bull run out of steam first...week only started...thursday-friday might be a chance for short scalps.
Everyone can see the chart, but only a few can actually read it.
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