Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#521,681
May 20, 2020 5:42am May 20, 2020 5:42am

hocius
Joined Nov 2018 | Status: Trader | 3,014 Posts

Quoting FXTradings

Disliked

{quote} who short do you dont see the price is going up

Ignored

#521,682
May 20, 2020 5:43am May 20, 2020 5:43am

Fredo219
| Joined Aug 2019 | Status: Trader | 422 Posts

Quoting joesherwood

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+62 pips for the morning, im done, after yesterday great day im not hungry for pips trade safe all (look out for BOE speech) Joe {image}

Ignored

Nice one mate.
I'm yet to place a trade this week because my setup is yet to show.

Patience.....

#521,683
May 20, 2020 5:47am May 20, 2020 5:47am

Siame
| Joined Feb 2019 | Status: Trader | 309 Posts

Waiting for price to go below Monday's High to enter a SHORT position.

Now looks too dicey for me.

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#521,684
May 20, 2020 5:49am May 20, 2020 5:49am

Bydyke
| Joined Sep 2009 | Status: Trader | 1,252 Posts

The pendulum has swung to the bears

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#521,685
May 20, 2020 5:53am May 20, 2020 5:53am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

price retrace for daily pivot
up up and ...

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yes yes yes

#521,686
May 20, 2020 5:53am May 20, 2020 5:53am

akim0895
| Commercial User | Joined Feb 2017 | 24,065 Posts

Quoting FXTradings

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{quote} who short do you dont see the price is going up

Ignored

who long do you see price is going

just for a cup of coffee...

#521,687
May 20, 2020 5:54am May 20, 2020 5:54am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

Quoting Wavegarrick

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{quote} Hi Guys, Buy entries added on the retrace. So far looking positive for bulls. Gov Bailey up in 3 hours 13 minutes. Anyway, all trades locked in and price must do what it has to. Have a great day. Cheers. {image}

Ignored

I think patience is indeed required, as this pair is acting so erratic. This area seems tough. In the past London would have moved hard and gotten almost to the edge of their range. Let's see. I still expect 2315 area to be tested.

#521,688
May 20, 2020 5:59am May 20, 2020 5:59am

navk
Joined Oct 2010 | Status: Trader | 21,479 Posts

Quoting akim0895

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{quote} who long do you see price is going

Ignored

the price is above daily pivot.

And the price broker daily pivot after testing lows.

so any one holding long must have stop between 2244/39

Intraday only.

#521,689
May 20, 2020 6:01am May 20, 2020 6:01am

Vincent1
Joined Aug 2019 | Status: Trader | 598 Posts

Quoting Vincent1

Disliked

Do they want to take yesterday high (and stops) before downtrend??

Ignored

What a mess today
When I get a signal in a direction, after a while there is a signal in opposite direction

Daily is bearish, so short is always the best
But it is pointing at 1.2320 with the last H1 close

#521,690
May 20, 2020 6:03am May 20, 2020 6:03am

navk
Joined Oct 2010 | Status: Trader | 21,479 Posts

2320/40 on cards today

Intraday only.

#521,691
May 20, 2020 6:03am May 20, 2020 6:03am

Fredo219
| Joined Aug 2019 | Status: Trader | 422 Posts

Buying now for 20 pips

Patience.....

#521,692
May 20, 2020 6:03am May 20, 2020 6:03am

Wavegarrick
Joined Sep 2017 | Status: Trader | 4,360 Posts

Quoting Mitiblotch

Disliked

{quote} I think patience is indeed required, as this pair is acting so erratic. This area seems tough. In the past London would have moved hard and gotten almost to the edge of their range. Let's see. I still expect 2315 area to be tested.

Ignored

Hi Miti, Patience, and more patience indeed. I agree with Moty above, a perfect retest of my daily pivot. Anyway, I am hoping for a test of my weekly res 1 at 1.23236. We have tough areas up ahead and Gu probably needs a catalyst to push through. Can the news in a couple of hours do the trick? we shall see.
Cheers.

Trade to trade another day