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Cable Update (GBPUSD)

  • #525,201
  • Jun 4, 2020 1:00am Jun 4, 2020 1:00am
On the 4hr....
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Lost....
  • #525,202
  • Jun 4, 2020 1:18am Jun 4, 2020 1:18am
watching 2502 and 2457 for next up try . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #525,203
  • Jun 4, 2020 1:22am Jun 4, 2020 1:22am
Its time to start discounting the outcome of these round of negotiations with Europe likely a bit. Expecting some more headlines before tomorrow. Its gonna fly before weekend kicking in thats for sure. Dollar weakness seems to be over; cable one of the first to suffer

Good luck all!
Life is great!!
  • #525,204
  • Jun 4, 2020 1:26am Jun 4, 2020 1:26am
I have placed both BUY and SELL Stop orders on both sides of the consolidation channel, ready to blast off with the rocket in any direction.

My overall view of the market is bearish but anything could happen so it is best to be prepared for both scenarios.
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Trade What You See; Think in Probabilities;
  • #525,205
  • Jun 4, 2020 1:30am Jun 4, 2020 1:30am
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morning looks like for now more down
  • #525,206
  • Jun 4, 2020 1:38am Jun 4, 2020 1:38am
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took that long yesterday and 3 times on the lower times it failed 2608 area . So it was shorted . Sneeeeky cable flipped up and came down and you can see on this where it came through 2550 and confirmed resistance. Sleep at the time so no added trade there . Remember my other post .dont be surprised ??
  • #525,207
  • Jun 4, 2020 1:42am Jun 4, 2020 1:42am
Quoting sgkrishn
More down we may expect if it breaks 1.2564. {image}
ok now 1.2455 should get break.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #525,208
  • Jun 4, 2020 1:45am Jun 4, 2020 1:45am
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grade zone for now
  • #525,209
  • Jun 4, 2020 1:50am Jun 4, 2020 1:50am
2518 is the confluence of fib 61.8 of D1 swing, mid Bolinger band on H4 and an old H1 average. It might halt this southern journey that commenced in the Asian session
  • #525,210
  • Jun 4, 2020 1:53am Jun 4, 2020 1:53am
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1 tl was broke so 1.. it fines 20 ema support and we carry on to 2700 . 2..break support we go 2480 . Strong support.2345 2325 area but as posted it still could be the bottom of long trend . If ,,, if so . 1.430 end of year .fail them 1.950
  • #525,211
  • Jun 4, 2020 1:54am Jun 4, 2020 1:54am
'Germany's ambassador to the EU says the bloc assumes UK won't seek Brexit extension'

"no real progress" in EU-UK negotiations

Nothing new..
Life is great!!
  • #525,212
  • Jun 4, 2020 2:06am Jun 4, 2020 2:06am
Quoting despichtt
'Germany's ambassador to the EU says the bloc assumes UK won't seek Brexit extension' "no real progress" in EU-UK negotiations Nothing new..
Yeah.....the EU is desperate to keep the UK in the union. Regardless of the news, I think the pound will probably strengthen over time.
Lost....
  • #525,213
  • Jun 4, 2020 2:08am Jun 4, 2020 2:08am
Quoting elbert3
{image} 1 tl was broke so 1.. it fines 20 ema support and we carry on to 2700 . 2..break support we go 2480 . Strong support.2345 2325 area but as posted it still could be the bottom of long trend . If ,,, if so . 1.430 end of year .fail them 1.950
Agree but I think this needs to make a correction today for the market to breathe.
Lost....
  • #525,214
  • Jun 4, 2020 2:36am Jun 4, 2020 2:36am
Yarr! teh predatory puffer fish is back on teh cable but this time short. At the end of yesterday's NY session we broke the low of a 4h candle again, after having down the same thing earlier, during early London session, so I shorted on that second break
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  • #525,215
  • Jun 4, 2020 2:38am Jun 4, 2020 2:38am
Quoting tehnoob
Yarr! teh predatory puffer fish is back on teh cable but this time short. At the end of yesterday's NY session we broke the low of a 4h candle again, after having down the same thing earlier, during early London session, so I shorted on that second break {image}
Waiting for a spike to rejoin the short. Shorted a little and closed with some pips because my short was low.
  • #525,216
  • Jun 4, 2020 2:39am Jun 4, 2020 2:39am
If 2518 holds, we should see a minimum of 50 pips up north
  • #525,217
  • Jun 4, 2020 2:41am Jun 4, 2020 2:41am
I think 1.25 is a buy
Compulsions can be hard to resist
  • #525,218
  • Jun 4, 2020 2:41am Jun 4, 2020 2:41am
Quoting Bydyke
If 2518 holds, we should see a minimum of 50 pips up north
Cannot imagine London dumping it from here. They should go somewhere near the daily pivot before sending it down, but price is king anyway.

Edit, seems to be moving down smoothly. Well, miss my short.
  • #525,219
  • Jun 4, 2020 2:45am Jun 4, 2020 2:45am
Quoting Bydyke
If 2518 holds, we should see a minimum of 50 pips up north
Are we heading to 2481?
  • #525,220
  • Jun 4, 2020 2:46am Jun 4, 2020 2:46am
long from 2507.

stop 2505/2500.
Intraday only.
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