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Cable Update (GBPUSD)

  • #528,281
  • Jun 16, 2020 4:51am Jun 16, 2020 4:51am
Quoting Mitiblotch
{quote} Please tell us "why".
Oh c'mon, let's have some entertainment...
Try to answer, please.
Even if you don't give the answer I am thinking of, it doesn't mean you are wrong. It might be enriching to our views on the market.
WT
  • #528,282
  • Jun 16, 2020 4:53am Jun 16, 2020 4:53am
Quoting Theoak
{quote} Draw a 5 min trendline it went up kissed it and then rejected
Hmm... 5min trendline... ?
Can you show me that on the graph, please?
(I am not familiar with TLs...)
WT
  • #528,283
  • Jun 16, 2020 4:53am Jun 16, 2020 4:53am
today 2710.

and tomorrow to test previous high 2805
Intraday only.
  • #528,284
  • Jun 16, 2020 4:54am Jun 16, 2020 4:54am
Quoting Wavegarrick
{quote} Hi Guys, It's a battle between Bulls and Bears at the mo. Scalpers probably would have made a buck today. I do get subtle bullish hints but not enough for me to enter. My weekly pivot at 1.25983 seems a likely candidate. I will update accordingly. Patience and more patience on this one. All the best and trade safe. Cheers. {image}
Hi Guys,
Test the water buy trade at 1.26471 with a 50 pip s/loss. I was hoping for a pull back towards my daily pivot at 1.25769 but seems unlikely at this point. Will lock in quickly with this one, anything can happen.
Cheers.
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Trade to trade another day
  • #528,285
  • Jun 16, 2020 4:54am Jun 16, 2020 4:54am
Quoting Bartosz77
{quote} Oh c'mon, let's have some entertainment... Try to answer, please. Even if you don't give the answer I am thinking of, it doesn't mean you are wrong. It might be enriching to our views on the market.
I can give an idea for what it meant, but telling why means something else. Usually if there is a high volume to that candle bar it may signify a rejection and downmove, which indeed sent price down. I shorted that 2660 and booked profit.
  • #528,286
  • Jun 16, 2020 4:57am Jun 16, 2020 4:57am
Quoting navk
today 2710
Exactly!

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WT
  • #528,287
  • Edited 5:33am Jun 16, 2020 4:58am | Edited 5:33am
Quoting kuroro001
{quote} Just went flat at 2647. PA is weak If it turns down here, i won't touch it as we are above 2600/11 and it didn't touch any resistances, it doesn't fit my rules (i'll move to other pairs) To be short i'd need to see 2691 now, or 2730 if 2691 is broken
i can see a DOUBLE TOP forming at 1.28 before the sell
Le$$ I$ More
  • #528,288
  • Jun 16, 2020 4:59am Jun 16, 2020 4:59am
near-term 1hr obstacles to more upside as below.
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Trader with an Edge.
  • #528,289
  • Jun 16, 2020 4:59am Jun 16, 2020 4:59am
Quoting Bartosz77
{quote} Hmm... 5min trendline... ? Can you show me that on the graph, please? (I am not familiar with TLs...)
There you go.
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Don't trade what you think. Just what you see!!!
  • #528,290
  • Jun 16, 2020 5:01am Jun 16, 2020 5:01am
FTSE caught between a rock and a hard place - bouncing between DR1 and WPP. 1h also struggling to crack the 200ema.
Focus.
  • #528,291
  • Jun 16, 2020 5:02am Jun 16, 2020 5:02am
Quoting Roszey
{quote} i can see a DOUBLE TOP forming at 1.28 before the see
Hard to tell before the fact dude

Bull's in charge for now, i'll wait higher move to short

Still holding your shorts?
COT: The precious data ignored
  • #528,292
  • Jun 16, 2020 5:03am Jun 16, 2020 5:03am
Quoting navk
today 2710. and tomorrow to test previous high 2805
agree
  • #528,293
  • Jun 16, 2020 5:07am Jun 16, 2020 5:07am
Quoting Mitiblotch
{quote} I can give an idea for what it meant, but telling why means something else. Usually if there is a high volume to that candle bar it may signify a rejection and downmove, which indeed sent price down. I shorted that 2660 and booked profit.
Thanks for your input.

Here is my opinion on it.

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Price jumped slightly over 61.8 fib, retraced and now it's heading for 1.27100, which is 61.8 of the MAJOR (December 2019 high to March 2020 low).
WT
  • #528,294
  • Jun 16, 2020 5:14am Jun 16, 2020 5:14am
look at the vertical line in 1 minute chart for long.

And look at the vertical aqua line foe short at frankfurt open.
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Intraday only.
  • #528,295
  • Jun 16, 2020 5:17am Jun 16, 2020 5:17am
Quoting Bartosz77
{quote} Thanks for your input. Here is my opinion on it. {image} Price jumped slightly over 61.8 fib, retraced and now it's heading for 1.27100, which is 61.8 of the MAJOR (December 2019 high to March 2020 low).
Good opinion. It has to do some major close above that 61.8% to move higher. My trade for the day was GJ. Formed a morning star on the daily and formed a morning star on the 4hr. That is a setup within a setup. It almost always works. I missed it because I wanted to wait for London. Asia just took it up over 100 pips.
  • #528,296
  • Jun 16, 2020 5:37am Jun 16, 2020 5:37am
Quoting kuroro001
{quote} Hard to tell before the fact dude Bull's in charge for now, i'll wait higher move to short Still holding your shorts?
no am out. 4HR close failed to form BEARISH ENGULFING. so I waiting now. Price dropped to test the DAY's open price can create the bullish move.
Le$$ I$ More
  • #528,297
  • Jun 16, 2020 5:41am Jun 16, 2020 5:41am
Quoting Roszey
{quote} no am out. 4HR close failed to form BEARISH ENGULFING. so I waiting now. Price dropped to test the DAY's open price can create the bullish move.
Risky indeed

But price is weak below dailyR1 +fibR4 + fibR5
Don't know if it'll have enough strength to break lower from here
COT: The precious data ignored
  • #528,298
  • Jun 16, 2020 5:44am Jun 16, 2020 5:44am
Pump and dump and pump?? We'll see.
Lost....
  • #528,299
  • Jun 16, 2020 5:46am Jun 16, 2020 5:46am
Fake break up
I guess we heading to the low of the day
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yes yes yes
  • #528,300
  • Jun 16, 2020 5:53am Jun 16, 2020 5:53am
Engulfing bearish candle at the h4 and h1 chart
The drop is coming
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yes yes yes
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