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Cable Update (GBPUSD)

  • #525,941
  • Edited 8:17pm Jun 7, 2020 8:06pm | Edited 8:17pm
am having different view.

short from 1.2710 stop 1.27222

target close to 2626
Intraday only.
  • #525,942
  • Jun 7, 2020 8:18pm Jun 7, 2020 8:18pm
My target is still around 1.20.
  • #525,943
  • Jun 7, 2020 8:25pm Jun 7, 2020 8:25pm
Quoting dimadono
My target is still around 1.20.
that is big drop
Intraday only.
  • #525,944
  • Jun 7, 2020 8:37pm Jun 7, 2020 8:37pm
And the down turn begins
  • #525,945
  • Jun 7, 2020 8:41pm Jun 7, 2020 8:41pm
Entered short 1.2704

TP1 1.2675
TP2 1.2650
TP3 1.2625

Quoting navk
am having different view. short from 1.2710 stop 1.27222 target close to 2626
Wow Navk, you caught that good entry!!
Set GOAL, REACH and REPEAT.
  • #525,946
  • Jun 7, 2020 8:42pm Jun 7, 2020 8:42pm
Quoting montygoldy
trying a long ...tp 20 pips.. .1.27200...sl.. manual...
closed with a 8pips loss...
Extreme gut feeling trader
  • #525,947
  • Jun 7, 2020 9:25pm Jun 7, 2020 9:25pm
On the M15 timeframe, market is forming what appears to be an Ascending Triangle chart pattern towards a Resistance Zone near 1.27280.

Price appears to be respecting the 50-SMA and Confluence is also noted on the Upward Trend Line and Support Zone near 1.26620.

If market sentiment remains Bullish, a build-up could form near the Resistance Zone before looking to break higher.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-international-capital-markets-2.png Size: 69 KB
Trade What You See; Think in Probabilities;
  • #525,948
  • Jun 7, 2020 11:05pm Jun 7, 2020 11:05pm
Short at 1.27067 SL 20pips tp 20 pips hoping tp might achieved brfore london.
  • #525,949
  • Jun 7, 2020 11:13pm Jun 7, 2020 11:13pm
Quoting JeForceX
On the M15 timeframe, market is forming what appears to be an Ascending Triangle chart pattern towards a Resistance Zone near 1.27280. Price appears to be respecting the 50-SMA and Confluence is also noted on the Upward Trend Line and Support Zone near 1.26620. If market sentiment remains Bullish, a build-up could form near the Resistance Zone before looking to break higher. {image}
nice analysis
  • #525,950
  • Jun 8, 2020 12:13am Jun 8, 2020 12:13am
Imho if it breaks the channel/TL at approximately 1.2700 would be at least short-term confirmation of shorts. Otherwise it looks like a good R:R for a long (SL 1.2700). Hope i am not too ambiguous.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
Click to Enlarge Name: Image2.png Size: 26 KB
A trader is as good as his stop loss. Understand your mistakes.
  • #525,951
  • Jun 8, 2020 12:15am Jun 8, 2020 12:15am
Quoting joesherwood
Hello all, it’s been a good few days now since I stepped away from my account after having a bad beginning of the week, if you missed it I lost 4% on shorting the pair, across some scalps. Joe
COME BACK STRONGER

Short. Thinking a retracement is due. 2708, TP 1.259
Focus.
  • #525,952
  • Jun 8, 2020 12:54am Jun 8, 2020 12:54am
I will wait for this pair to drop to 1.26 level so that I can buy again for target of 1.282xx. Follow your own plan.

Additionally: I wont trade it, if it fails to fall back to 1.26 level. Will catch pips on other pairs.

Cheers
WARNING: This post warps space and time in its vicinity.
  • #525,953
  • Jun 8, 2020 12:59am Jun 8, 2020 12:59am
hello
i think just keep buying

long 2710

edit: dumped, wait for the dip
in wondering about yourself, you forgot what you came here to be part of
  • #525,954
  • Jun 8, 2020 1:03am Jun 8, 2020 1:03am
Inserted Video
  • #525,955
  • Jun 8, 2020 1:04am Jun 8, 2020 1:04am
Quoting sartu
Short at 1.27067 SL 20pips tp 20 pips hoping tp might achieved brfore london.
Closed manually with +9 pips hope after London open we may get better price to sell
  • #525,956
  • Jun 8, 2020 1:16am Jun 8, 2020 1:16am
Short closed for 10pips
Set GOAL, REACH and REPEAT.
  • #525,957
  • Jun 8, 2020 1:24am Jun 8, 2020 1:24am
The market has now moved: a swing of 21 pips. We can be sure of an active day today
Attached Image (click to enlarge)
Click to Enlarge Name: GU M5 0806.png Size: 39 KB
  • #525,958
  • Jun 8, 2020 1:25am Jun 8, 2020 1:25am
bias is to the downside, waiting for a stronger move though
  • #525,959
  • Jun 8, 2020 1:29am Jun 8, 2020 1:29am
Quoting WizardTrade
I will wait for this pair to drop to 1.26 level so that I can buy again for target of 1.282xx. Follow your own plan. Additionally: I wont trade it, if it fails to fall back to 1.26 level. Will catch pips on other pairs. Cheers

Move down has started. 1.26 in sight. Trade Safe.
WARNING: This post warps space and time in its vicinity.
  • #525,960
  • Jun 8, 2020 1:57am Jun 8, 2020 1:57am
PA has closed well below EMA 50/M15. The last time it did this was at the Asian session, last Friday.

The bears are laying down a marker but it is early days yet
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