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Cable Update (GBPUSD)

  • #527,761
  • Jun 14, 2020 10:38am Jun 14, 2020 10:38am
Quoting Marco-Kanto
{quote} You don't need to read the book. What you've just written is a basic summary!
well thats awesome
than you
in wondering about yourself, you forgot what you came here to be part of
  • #527,762
  • Jun 14, 2020 10:40am Jun 14, 2020 10:40am
Quoting Marco-Kanto
{quote} My thoughts are the same Joe. I saw KP's post and thought 'why the fuck am I fighting with people when I could be engaging in meaningful discussion that could help newcomers?' With that in mind: My name is Mark and I'm just trying to be a better person. I've been nothing but aggro on this forum and it stops here. I'm going to start contributing to the thread, rather than just posting to it.
more power to you bro
in wondering about yourself, you forgot what you came here to be part of
  • #527,763
  • Jun 14, 2020 10:45am Jun 14, 2020 10:45am
Quoting Theoak
{quote} EGO
Watch a floor manager briefly touch on EGO at 19:15 while discussing his star trader.
Focus.
  • #527,764
  • Jun 14, 2020 10:58am Jun 14, 2020 10:58am
The most funnyest thing I heared this week from CEO Interactive Brokers is stocks have become safe haven asset these days(years) lol

Great guy btw )

Worldwide cases covid increasing, all time high. America doesnt look good at all. When fear taking over again we know what will happen with the cable. It wants higher but fear factor will deside its desteny next week
Life is great!!
  • #527,765
  • Jun 14, 2020 11:13am Jun 14, 2020 11:13am
Quoting Marco-Kanto
{quote} Watch a floor manager briefly touch on EGO at 19:15 while discussing his star trader.
Defo no Ego. All that buggs bunny and he’s tucking in to a cheese butty.
Don't trade what you think. Just what you see!!!
  • #527,766
  • Jun 14, 2020 1:03pm Jun 14, 2020 1:03pm
GU is currently at 2522. If the market opens in the next one hour with a gap down, then all the predictions about 2650 and 2800 will become far-fetched
  • #527,767
  • Jun 14, 2020 1:04pm Jun 14, 2020 1:04pm
Please consider taking a look at my Weekly Market Update.
DXY starts at 0:03, GBP/USD starts at 13:48

I upload weekly analysis every Sunday and daily analysis from TUE to FRI.

Inserted Video
  • #527,768
  • Jun 14, 2020 1:06pm Jun 14, 2020 1:06pm
Ughh spreads always insane until Tokyo trading session on my broker, wish I just entered a short right before close on friday... Would have fit perfect with my pivot strategy.
  • #527,769
  • Jun 14, 2020 1:07pm Jun 14, 2020 1:07pm
Quoting Bydyke
GU is currently at 2522. If the market opens in the next one hour with a gap down, then all the predictions about 2650 and 2800 will become far-fetched
Possibly.
However, gaps down don't mean much nowadays. Look what the gap down below 1.21 in May produced.
Compulsions can be hard to resist
  • #527,770
  • Jun 14, 2020 1:16pm Jun 14, 2020 1:16pm
Quoting theoak
{quote} defo no ego. All that buggs bunny and he’s tucking in to a cheese butty.
Breakfast of CHAMPIONS!
Focus.
  • #527,771
  • Jun 14, 2020 1:35pm Jun 14, 2020 1:35pm
Hello Seniors, I hope you all had a good weekend?.
here is my thought of the week. GBPUSD is most likely to tough 1.25890 (previous month open price) before resuming the sell move. Since this week is the BOE interest rate and the expectation is a rate cut, I foresee a further rise in prices before the fall happens on Thursday. For any massive fall, there should be an equal rise. Well, that is my thought. Best wishes this week.
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Le$$ I$ More
  • #527,772
  • Jun 14, 2020 1:45pm Jun 14, 2020 1:45pm
this week i will be shorting GBPUSD and GBPJPY once i see it up 100 or 200 pips i will go short

my targets 1.21xx and 130s & 128s for GJ
  • #527,773
  • Jun 14, 2020 1:53pm Jun 14, 2020 1:53pm
Here's a top-down technical perspective on GBPUSD; I'm primarily a swing trader by the way. On the daily time frame, bulls have been dominant recently but the bearish prints last week Thursday and Friday indicate the emergence of bearish pressure. Nevertheless, we should be aware of the rising trendline (magenta) traceable to March 20, 2020 which can be influential as resistance. Besides, price action is presently located at a horizontal support zone around 1.24700/1.23700 (SandyBrown). How the market handles the area in the early part of this week should be watched. On the H4 time frame, recent price action has broken down a rising trendline (blue) traceable to May 26, 2020. However, price action printed a bullish candlestick in the last H4-session on Friday. This may result in a retesting of the broken down trendline (blue) for a potential role flip. The 1.26400 area (magenta) is a minor horizontal resistance.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #527,774
  • Jun 14, 2020 2:00pm Jun 14, 2020 2:00pm
Quoting KeenPips
Here's a top-down technical perspective on GBPUSD; I'm primarily a swing trader by the way. On the daily time frame, bulls have been dominant recently but the bearish prints last week Thursday and Friday indicate the emergence of bearish pressure. Nevertheless, we should be aware of the rising trendline (magenta) traceable to March 20, 2020 which can be influential as resistance. Besides, price action is presently located at a horizontal support zone around 1.24700/1.23700 (SandyBrown). How the market handles the area in the early part of this week...
Its going down because of fear and missery, Im pritty sure
Life is great!!
  • #527,775
  • Jun 14, 2020 2:05pm Jun 14, 2020 2:05pm
This week im going to trade like a drunk monkey, too drunk to close my sell trade
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  • #527,776
  • Jun 14, 2020 2:07pm Jun 14, 2020 2:07pm
Price open with gap down to 1.25100 .
Took long to close the gap
yes yes yes
  • #527,777
  • Jun 14, 2020 2:10pm Jun 14, 2020 2:10pm
Quoting Moty
Price open with gap down to 1.25100 . Took long to close the gap
Better close the krep with small loss thinking. Not sure though..

Rearly playing the opening, no positons now. Lets see European session
Life is great!!
  • #527,778
  • Jun 14, 2020 2:29pm Jun 14, 2020 2:29pm
Quoting trumps
{quote} Possibly. However, gaps down don't mean much nowadays. Look what the gap down below 1.21 in May produced.
Yes, but that of May occurred at a rock-bottom support.

Apart from the technicals, the fundamentals are also not kind to GU at this period. Infact, it will be interesting to see how the bulls handle this week
  • #527,779
  • Edited 2:58pm Jun 14, 2020 2:40pm | Edited 2:58pm
Has the price gone down alot... cant see the candkles
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  • #527,780
  • Jun 14, 2020 3:13pm Jun 14, 2020 3:13pm
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yes yes yes
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