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Cable Update (GBPUSD)

  • #525,441
  • Jun 4, 2020 11:10am Jun 4, 2020 11:10am
high for the day 2625
Intraday only.
  • #525,442
  • Jun 4, 2020 11:15am Jun 4, 2020 11:15am
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 11:21am Jun 4, 2020 11:21am
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 11:26am Jun 4, 2020 11:26am
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 11:27am Jun 4, 2020 11:27am
NFP week,
usually NFP week usd weak then came back when NFP green,
but dxy look so bearish at weekly chart
PA Return Today: na
  • #525,446
  • Jun 4, 2020 11:28am Jun 4, 2020 11:28am
late in the day, don't expect them to be able to take that daily resistance out...
Attached Image (click to enlarge)
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Get the Lag out
  • #525,447
  • Jun 4, 2020 11:30am Jun 4, 2020 11:30am
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it might becoming to a stop
  • #525,448
  • Jun 4, 2020 11:33am Jun 4, 2020 11:33am
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 11:35am Jun 4, 2020 11:35am
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 11:37am Jun 4, 2020 11:37am
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 11:38am Jun 4, 2020 11:38am
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 11:39am Jun 4, 2020 11:39am
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 11:41am Jun 4, 2020 11:41am
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 11:44am Jun 4, 2020 11:44am
4hr resistance lies at 2625.

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


Intraday only.
  • #525,455
  • Jun 4, 2020 11:47am Jun 4, 2020 11:47am
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 12:05pm Jun 4, 2020 11:50am | Edited 12:05pm
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 11:52am Jun 4, 2020 11:52am
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 12:06pm Jun 4, 2020 12:06pm
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 12:14pm Jun 4, 2020 12:14pm
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 12:19pm Jun 4, 2020 12:19pm
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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