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Cable Update (GBPUSD)

  • #528,221
  • Jun 16, 2020 2:23am Jun 16, 2020 2:23am
let see. long 2625 SL 2600
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #528,222
  • Jun 16, 2020 2:24am Jun 16, 2020 2:24am
us data later might push gu and gold lower, hope got the best price to buy again gold to hedge my gu
  • #528,223
  • Jun 16, 2020 2:25am Jun 16, 2020 2:25am
Nice rejection of the 5min H&S neckline on pullback from 2638 visible on lower t/f's - perhaps the 1hr inverted hammer at today's current hi was the clue?...already at 84% of the 30 day adr so far today.....potential support /RBS on the 1hr shown on 1hr chart below. After yesterday's bullish hammer engulfing daily candle - I am sure there will be many holding longs/looking to get long again.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 20 KB
Trader with an Edge.
  • #528,224
  • Jun 16, 2020 2:27am Jun 16, 2020 2:27am
Price rejecting previous week open price. If it stays bearish engulfing then sellling will be brief (50-100pips)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Jun 16 07-25-15.png Size: 102 KB
Le$$ I$ More
  • #528,225
  • Jun 16, 2020 2:31am Jun 16, 2020 2:31am
Quoting SFundamental
1.2660 TP1 1.2700 Defended 1.2720 TP2 (if we get there) Reason + Brexit news QE by the Fed But option guys bearish on pound....so we will have to see.
1.2660 hit
1.2700 started selling from 1.2690....then the bombing in Korea.
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #528,226
  • Jun 16, 2020 2:32am Jun 16, 2020 2:32am
Quoting Roszey
Price rejecting previous week open price. If it stays bearish engulfing then sellling will be brief (50-100pips) {image}
Still target 1.2310. Any rise is an opportunity to sell higher
Data + Stat + Risk/Emotions Management
  • #528,227
  • Edited 2:43am Jun 16, 2020 2:32am | Edited 2:43am
Quoting Moty
This is can still be a bullish retrace for the the drop from 1.28000. For start price need to break last h4 support at 1.26200 Imo dx will close the at 96.595 , and then we'll see {image}
Broken !!!!
The drop is here
Daily candle is bearish hanging man
yes yes yes
  • #528,228
  • Jun 16, 2020 2:34am Jun 16, 2020 2:34am
Attached Image (click to enlarge)
Click to Enlarge Name: FC4318B8-481A-4FEE-BC80-B0E99E5D8D5A.jpeg Size: 249 KB
lot of big emas around here . Will it blast through??
  • #528,229
  • Jun 16, 2020 2:35am Jun 16, 2020 2:35am
Price is above previous monthly high, previous daily high, weekly pivot

It won't be easy to break it
COT: The precious data ignored
  • #528,230
  • Jun 16, 2020 2:44am Jun 16, 2020 2:44am
The trend might have changed
Patience.....
  • #528,231
  • Jun 16, 2020 2:47am Jun 16, 2020 2:47am
IMO 1.2700/1.2750 today.
Patience and Discipline.
  • #528,232
  • Jun 16, 2020 2:48am Jun 16, 2020 2:48am
I expect a possible push upwards over the next 2 hours..i guess The drop down would be in NY session.
  • #528,233
  • Jun 16, 2020 2:51am Jun 16, 2020 2:51am
Dip just under that first 1hr swing lo at 2620 likely took a few tight retail long stops out...other retail long stops likely under the other 1hr swing lo's leading up to today's current hi - ie 2533 and 2505...institutional long stops more likely under monday's lo. Some 5min - 30min obstacles now to more upside. Guessing many retailers got long again at the 4hr swing hi in and around 2632-53 - and then panicked/bailed out on further move down as decsribed above...it's what the crook's do (Moty - lol!) - to us retailers.
Trader with an Edge.
  • #528,234
  • Jun 16, 2020 2:54am Jun 16, 2020 2:54am
Quoting SFundamental
{quote} 1.2660 hit 1.2700 started selling from 1.2690....then the bombing in Korea.
bought some cheap looking gold
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #528,235
  • Jun 16, 2020 2:54am Jun 16, 2020 2:54am
Quoting Georginson
{quote} Still target 1.2310. Any rise is an opportunity to sell higher
if so then we should have something like this..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Jun 16 07-53-52.png Size: 55 KB
Le$$ I$ More
  • #528,236
  • Jun 16, 2020 2:56am Jun 16, 2020 2:56am
watching 2580 area for bullish rebound
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
Compulsions can be hard to resist
  • #528,237
  • Jun 16, 2020 2:58am Jun 16, 2020 2:58am
M5

closed my buy -30

atb vvm
PA Trading with EMAs & common Sense
  • #528,238
  • Jun 16, 2020 3:00am Jun 16, 2020 3:00am
Quoting SFundamental
{quote} bought some cheap looking gold
purely looking at risk- other drivers could be better
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #528,239
  • Jun 16, 2020 3:01am Jun 16, 2020 3:01am
Quoting SFundamental
bought some cheap looking gold
May just be fireworks–a spike to SELL Into.
  • #528,240
  • Jun 16, 2020 3:01am Jun 16, 2020 3:01am
Quoting Roszey
{quote} if so then we should have something like this.. {image}
Yes... Something like this
Data + Stat + Risk/Emotions Management
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