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Cable Update (GBPUSD)

  • #524,461
  • Jun 1, 2020 4:47am Jun 1, 2020 4:47am
Might have missed a good short while waiting for price to reach 1.2440s that didn't happen, to trigger a short order from there.

Another strategy is to long @1.2300s-1.2320s
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #524,462
  • Jun 1, 2020 4:48am Jun 1, 2020 4:48am
Waiting for it to drop like a rock and hit tp of my shorts. Looking to buy later on US session
Attached Image
Set GOAL, REACH and REPEAT.
  • #524,463
  • Jun 1, 2020 4:57am Jun 1, 2020 4:57am
1.23830 looks like a support for now.
Patience and Discipline.
  • #524,464
  • Jun 1, 2020 5:00am Jun 1, 2020 5:00am
The bears mean business. Force out a bear support on M5 and it is bon voyage
  • #524,465
  • Jun 1, 2020 5:09am Jun 1, 2020 5:09am
Quoting Stefan90csk
1.23830 looks like a support for now.
Maybe but still it looks on course for 1.24 and beyond for now
  • #524,466
  • Jun 1, 2020 5:10am Jun 1, 2020 5:10am
hope it goes down all the way to 2300.

First stop is 2344 as Moty mentioned. Daily pivot.

I shall get out at daily pivot, then see.
Intraday only.
  • #524,467
  • Jun 1, 2020 5:11am Jun 1, 2020 5:11am
Quoting Suj
{quote} Maybe but still it looks on course for 1.24 and beyond for now
that’s why we trade that market - everything is possible.
Patience and Discipline.
  • #524,468
  • Jun 1, 2020 5:18am Jun 1, 2020 5:18am
1.23759 critical zone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu15.png Size: 42 KB
Click to Enlarge Name: guM1.png Size: 38 KB
yes yes yes
  • #524,469
  • Jun 1, 2020 5:20am Jun 1, 2020 5:20am
Quoting Moty
1.23759 critical zone {image}
it is critical zone because of 200 EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: Infinox Capital Metatrader 4.png Size: 86 KB
Intraday only.
  • #524,470
  • Edited 5:57am Jun 1, 2020 5:23am | Edited 5:57am
Quoting Moty
1.23759 critical zone {image} {image}
i HAVE TRAILING STOP 2414

Will get some 9 pips if trailing stop hits.

However, I do not think it will break 2400 considering 4hr resistance. Above 2425.
Intraday only.
  • #524,471
  • Jun 1, 2020 5:24am Jun 1, 2020 5:24am
Risky long here stop loss 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd200601m1.png Size: 37 KB
Gone to a better place
  • #524,472
  • Jun 1, 2020 5:27am Jun 1, 2020 5:27am
Closed most of my shorts now. Checking on the h4 chart price is within a bullish channel and at the upper TMA band hinting a reversal with target at 1.2170.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: guh4.png Size: 37 KB
Set GOAL, REACH and REPEAT.
  • #524,473
  • Jun 1, 2020 5:57am Jun 1, 2020 5:57am
Quoting Moty
1.23759 critical zone {image} {image}
I think is better wait a little more.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 33 KB
Together we can be strongest
Vantage Return This Month: na
  • #524,474
  • Jun 1, 2020 6:17am Jun 1, 2020 6:17am
IT will bounce at pivot.

Better to book the pips and then re enter short after retrace.
Intraday only.
  • #524,475
  • Jun 1, 2020 6:28am Jun 1, 2020 6:28am
Quoting navk
IT will bounce at pivot. Better to book the pips and then re enter short after retrace.
was thinking this, whoever bought around 760 could grab a quick 10 15 pips then we will see fall, will watch
  • #524,476
  • Jun 1, 2020 6:45am Jun 1, 2020 6:45am
Attached Image (click to enlarge)
Click to Enlarge Name: guM1.png Size: 42 KB
yes yes yes
  • #524,477
  • Edited 7:33am Jun 1, 2020 6:52am | Edited 7:33am
Quoting navk
{quote} i HAVE TRAILING STOP 2414 Will get some 9 pips if trailing stop hits. However, I do not think it will break 2400 considering 4hr resistance. Above 2425.
trailing stop now at 2405
Intraday only.
  • #524,478
  • Jun 1, 2020 6:58am Jun 1, 2020 6:58am
M5

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 24 KB
Together we can be strongest
Vantage Return This Month: na
  • #524,479
  • Jun 1, 2020 6:59am Jun 1, 2020 6:59am
Mind you the sideways!

KP
Do your homework, follow the footprints of smart money
  • #524,480
  • Jun 1, 2020 7:01am Jun 1, 2020 7:01am
I think today might be a sell day...but who knows... probably just sold the bottom LOL
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