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Cable Update (GBPUSD)

  • #525,441
  • Jun 4, 2020 9:10am Jun 4, 2020 9:10am
high for the day 2625
Intraday only.
  • #525,442
  • Jun 4, 2020 9:15am Jun 4, 2020 9:15am
Quoting Tpak
{quote} 2715 seems an achievable target as per my system of trend line trading
I think that if it will break the 1.2640 its will move higher than that..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #525,443
  • Jun 4, 2020 9:21am Jun 4, 2020 9:21am
Quoting navk
{quote} engulfing is mostly bullshit. flow is important from resistance or support
Sorry, not all the time. The engulfing happened from previous resistance at 254x area so it mattered at that time. Once it broke up price changed. When it occurs in a high timeframe and the body of the candle is big enough then it matters. Traders must be smart enough to know when the move has changed.
  • #525,444
  • Jun 4, 2020 9:26am Jun 4, 2020 9:26am
2635 if 2605 can hold ,, but care full such a small high over the top could be seen as stop , and sell but lets see
  • #525,445
  • Jun 4, 2020 9:27am Jun 4, 2020 9:27am
NFP week,
usually NFP week usd weak then came back when NFP green,
but dxy look so bearish at weekly chart
PA Return Today: -1.4%
  • #525,446
  • Jun 4, 2020 9:28am Jun 4, 2020 9:28am
late in the day, don't expect them to be able to take that daily resistance out...
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Get the Lag out
  • #525,447
  • Jun 4, 2020 9:30am Jun 4, 2020 9:30am
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it might becoming to a stop
  • #525,448
  • Jun 4, 2020 9:33am Jun 4, 2020 9:33am
Quoting dimadono
{quote} This is not true sorry! https://www.theguardian.com/business...-business-live
Its story from 20 May 2020 you're showing me. It wasnt my story btw; Justin from Forexlive; he has Blomberg terminal; also TTN bit earlier



How you guys inserting these big smilies btw; these ones realy small?
Life is great!!
  • #525,449
  • Jun 4, 2020 9:35am Jun 4, 2020 9:35am
Quoting elbert3
2635 if 2605 can hold ,, but care full such a small high over the top could be seen as stop , and sell but lets see
2605 gave up
Intraday only.
  • #525,450
  • Jun 4, 2020 9:37am Jun 4, 2020 9:37am
Quoting ZeroLag
late in the day, don't expect them to be able to take that daily resistance out... {image}
Dont underestimate the Anti-Crooks
in wondering about yourself, you forgot what you came here to be part of
  • #525,451
  • Jun 4, 2020 9:38am Jun 4, 2020 9:38am
Quoting Almo2312
{quote} I think that if it will break the 1.2640 its will move higher than that..
A strong weekly resistance is waiting there but considering the weakness of DXY and due to riots in USA there is hardly any possibility of DXY going high. So you may be absolutely spot on. Stay green
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #525,452
  • Jun 4, 2020 9:39am Jun 4, 2020 9:39am
Quoting navk
{quote} 2605 gave up
yes took 3 longs out left 2615 order on while i go for a weeeee
  • #525,453
  • Jun 4, 2020 9:41am Jun 4, 2020 9:41am
Any hourly close above 2650 may attract BIG MONEY and a spike above
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #525,454
  • Jun 4, 2020 9:44am Jun 4, 2020 9:44am
4hr resistance lies at 2625.

break of that level will take the price to roof today itself.


Intraday only.
  • #525,455
  • Jun 4, 2020 9:47am Jun 4, 2020 9:47am
Quoting navk
4hr resistance lies at 2625. break of that level will take the price to roof today itself.
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sorted it at 2604 but watching that 2600 round number . Again might add if it clears
  • #525,456
  • Edited 10:05am Jun 4, 2020 9:50am | Edited 10:05am
Quoting elbert3
{quote} {image} sorted it at 2604 but watching that 2600 round number . Again might add if it clears
IMO, the weekly range has over extended.

Let us see what happens for NFP.

2315 TO 2625 already.
Intraday only.
  • #525,457
  • Jun 4, 2020 9:52am Jun 4, 2020 9:52am
and if 4hr resistance holds today at 2625,

I will not buy this until 5 am 4hr candle before NFP.
Intraday only.
  • #525,458
  • Jun 4, 2020 10:06am Jun 4, 2020 10:06am
this is m5
if price can hold above the square i will go for more longs
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in wondering about yourself, you forgot what you came here to be part of
  • #525,459
  • Jun 4, 2020 10:14am Jun 4, 2020 10:14am
what the heck its been a great trading day
i will try one more
buy 2606
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in wondering about yourself, you forgot what you came here to be part of
  • #525,460
  • Jun 4, 2020 10:19am Jun 4, 2020 10:19am
Quoting navk
{quote} IMO, the weekly range has over extended. Let us see what happens for NFP. 2315 TO 2625 already.
Exactly my thought process.... Weekly range is completed
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