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Cable Update (GBPUSD)

  • #523,801
  • May 28, 2020 2:34pm May 28, 2020 2:34pm
M5
solled

atb vvm
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PA Trading with EMAs & common Sense
  • #523,802
  • May 28, 2020 2:40pm May 28, 2020 2:40pm
Now watch these f$$king lizards push it up from here.....
Lost....
  • #523,803
  • May 28, 2020 2:52pm May 28, 2020 2:52pm
Quoting hocius
Im testing some shorts, wish me good luck
Looking good so far
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  • #523,804
  • May 28, 2020 2:55pm May 28, 2020 2:55pm
Quoting Moty
the 98.325 support at dx gave a 24 pips down in the gu {image} {image} {image}
i am guided by the science
  • #523,805
  • May 28, 2020 2:58pm May 28, 2020 2:58pm
Quoting OnlineAddict
Looks like a NY bull trap.
Fixing time started, I see.
Everyone can see the chart, but only a few can actually read it.
  • #523,806
  • May 28, 2020 3:07pm May 28, 2020 3:07pm
H1

BearishOutsideBar near Resistanse
after failed BullishTLBreak

atb vvm
PA Trading with EMAs & common Sense
  • #523,807
  • May 28, 2020 3:16pm May 28, 2020 3:16pm
Quoting gespiri
Now watch these f$$king lizards push it up from here.....
lol we just hit 23% 2395 could be on the cards now
  • #523,808
  • May 28, 2020 3:28pm May 28, 2020 3:28pm
Quoting Moty
{image}{image} {image}
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strange i was looking at the x on chart this morning same type of candle set up
  • #523,809
  • May 28, 2020 3:34pm May 28, 2020 3:34pm
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PA Trading with EMAs & common Sense
  • #523,810
  • May 28, 2020 4:57pm May 28, 2020 4:57pm
This break of 1.2320 is confirmation of bullish move for a test of 1.2437 and it is a sad news for Bears.

Important stat.
Last trading day of the month contains daily range of 130 - 220 pips (mostly bullish in last trading days of the month)
Last 10 weekly ranges contain minimum range of 220 and average of 270 pips (this week so far 200 pips range, 20 - 70 more to break)

Since this week range has potential 20 - 70 more pips to break and the current environment is now bullish, 1 2362 has more chance to break to 1.2395/1.2437 which will make the weekly range become 223 - 270pips range.

Should 270 pips range happen this week to 1.2437, expect a quick and aggressive reversal back to 1.2300.

This is cable and expect many erratic and potential volatile moves tomorrow.

The bias is now tilted to a potential bullish move to 1.2390 - 1.2437, while an initial drop back to 1.2280 cannot be ruled out before this up move.

This is my research work and view not an advise for anyone to follow. I hope it's useful.

Cheers!
Data + Stat + Risk/Emotions Management
  • #523,811
  • May 28, 2020 5:21pm May 28, 2020 5:21pm
Quoting Georginson
This break of 1.2320 is confirmation of bullish move for a test of 1.2437 and it is a sad news for Bears. Important stat. Last trading day of the month contains daily range of 130 - 220 pips (mostly bullish in last trading days of the month) Last 10 weekly ranges contain minimum range of 220 and average of 270 pips (this week so far 200 pips range, 20 - 70 more to break) Since this week range has potential 20 - 70 more pips to break and the current environment is now bullish, 1 2362 has more chance to break to 1.2395/1.2437 which will make the weekly...
That’s so in depth and interesting
  • #523,812
  • May 28, 2020 6:11pm May 28, 2020 6:11pm
GU expected to move today BTW 1.2325 High and 1.2250 Low to fight at day end for a close around 1.2280s level.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #523,813
  • May 28, 2020 6:11pm May 28, 2020 6:11pm
Where are the traders . I see this happen a few time , and I bet I am right.. account loss . But I always hope not . I hope you guys are ok out there
  • #523,814
  • May 28, 2020 6:33pm May 28, 2020 6:33pm
Quoting Bartosz77
{image} My guess is that we are going to break out North for good...
Sooo... as GU respected my prediction , time to look at it again.

Plan for today and next week (daily tf):

Attached Image
WT
  • #523,815
  • May 28, 2020 7:17pm May 28, 2020 7:17pm
Quoting Georginson
This break of 1.2320 is confirmation of bullish move for a test of 1.2437 and it is a sad news for Bears. Important stat. Last trading day of the month contains daily range of 130 - 220 pips (mostly bullish in last trading days of the month) Last 10 weekly ranges contain minimum range of 220 and average of 270 pips (this week so far 200 pips range, 20 - 70 more to break) Since this week range has potential 20 - 70 more pips to break and the current environment is now bullish, 1 2362 has more chance to break to 1.2395/1.2437 which will make the weekly...
great analysis...
  • #523,816
  • May 28, 2020 7:19pm May 28, 2020 7:19pm
it may be down to below 2198 and to 2155. Or 2180.

Then up.
Intraday only.
  • #523,817
  • May 28, 2020 8:52pm May 28, 2020 8:52pm
re-enter shorted
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  • #523,818
  • May 28, 2020 10:45pm May 28, 2020 10:45pm
w1 : target 1.25
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SCALP WIN
  • #523,819
  • May 28, 2020 11:20pm May 28, 2020 11:20pm
price trying to form lower high for a fall.
Intraday only.
  • #523,820
  • Edited 11:43pm May 28, 2020 11:23pm | Edited 11:43pm
Quoting navk
price trying to form lower high for a fall.
Definitely hope so! In my expectations (which of course might be very wrong) 1.21770 or at least the 1.2200 low but might need to cover the 1.23405 first.
A trader is as good as his stop loss. Understand your mistakes.
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