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Cable Update (GBPUSD)

  • #528,701
  • Jun 17, 2020 12:50pm Jun 17, 2020 12:50pm
ouch!!!
let see what the BOE will do tomorrow.
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Maybe retest of the week's high for another selling opportunity. Figures crossed
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Le$$ I$ More
  • #528,702
  • Jun 17, 2020 12:53pm Jun 17, 2020 12:53pm
2552 yesterday's low have been proven strong today
COT: The precious data ignored
  • #528,703
  • Jun 17, 2020 1:04pm Jun 17, 2020 1:04pm
Quoting kuroro001
{quote} Focus on your meal, don't look at other's people plate
You put mangnifyink glasses on me, you pay the bill. Just wait
Life is great!!
  • #528,704
  • Jun 17, 2020 1:07pm Jun 17, 2020 1:07pm
long in at 1.2556 target 1.2578
Don't trade what you think. Just what you see!!!
  • #528,705
  • Jun 17, 2020 1:10pm Jun 17, 2020 1:10pm
Quoting Roszey
ouch!!! let see what the BOE will do tomorrow. {image} Maybe retest of the week's high for another selling opportunity. Figures crossed {image}
are you sure it could reach W1 High ??
i think it will drop from 26296
  • #528,706
  • Jun 17, 2020 1:11pm Jun 17, 2020 1:11pm
Quoting kuroro001
2552 yesterday's low has been proven strong today
actually market was reacting to the sandwich zone and also visiting the weekly open price.
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well, it is just my way of reading the market. No offense.
Le$$ I$ More
  • #528,707
  • Jun 17, 2020 1:13pm Jun 17, 2020 1:13pm
Quoting kuroro001
2552 yesterday's low have been proven strong today
Go brag a bit more around than
Life is great!!
  • #528,708
  • Jun 17, 2020 1:17pm Jun 17, 2020 1:17pm
added short
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yes yes yes
  • #528,709
  • Jun 17, 2020 1:17pm Jun 17, 2020 1:17pm
Quoting despichtt
{quote} Go brag a bit more around than
Keep talking....everybody's listening
COT: The precious data ignored
  • #528,710
  • Jun 17, 2020 1:18pm Jun 17, 2020 1:18pm
Bull coming
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  • #528,711
  • Jun 17, 2020 1:19pm Jun 17, 2020 1:19pm
Quoting Roszey
{quote} actually market was reacting to the sandwich zone and also visiting the weekly open price. {image} well, it is just my way of reading the market. No offense.
I guess no one really knows what's really happening
As long as you make money, all is fine
COT: The precious data ignored
  • #528,712
  • Jun 17, 2020 1:23pm Jun 17, 2020 1:23pm
Let me explain further. the bullish run on Monday was a test of the previous week's open price which in effect had BEARISH SW ZONE there making the fall 100% sure(only using CS to look for confirmation and entry). Now, during the bullish move market printed another SW ZONE for a retest which it just did now with the confluence of this week's open price. Well. again it just the way I see things the market.
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Le$$ I$ More
  • #528,713
  • Jun 17, 2020 1:24pm Jun 17, 2020 1:24pm
GBPUSD price action is struggling to break down the 1.25600 horizontal support area.

KP
Do your homework, follow the footprints of smart money
  • #528,714
  • Jun 17, 2020 1:27pm Jun 17, 2020 1:27pm
Quoting Doom911
{quote} are you sure it could reach W1 High ?? i think it will drop from 26296
no, I am not sure.. just giving a scenario because of the upcoming BOE rate news. anything can happen.
Le$$ I$ More
  • #528,715
  • Jun 17, 2020 1:42pm Jun 17, 2020 1:42pm
Too much?

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Everyone can see the chart, but only a few can actually read it.
  • #528,716
  • Jun 17, 2020 1:43pm Jun 17, 2020 1:43pm
Also, the reason for the bullish move on Monday was the SW ZONE that was tested on Friday.
here take a look
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A break of that zone will mean more sells. but I wait for a retest before joining in the short team.
Le$$ I$ More
  • #528,717
  • Jun 17, 2020 1:45pm Jun 17, 2020 1:45pm
Quoting OnlineAddict
Too much? {image}
yes too i guess. lol
Le$$ I$ More
  • #528,718
  • Jun 17, 2020 1:51pm Jun 17, 2020 1:51pm
Quoting OnlineAddict
Too much? {image}
A....B...C.... WHERE'S D?
Don't trade what you think. Just what you see!!!
  • #528,719
  • Jun 17, 2020 1:55pm Jun 17, 2020 1:55pm
Quoting Theoak
{quote} A....B...C.... WHERE'S D?
Can't see it, even if I make the bars as little as possible...but definitely above 2850. I wouldn't take it too seriously...but I wouldn't short above 2500 either. Just something to consider to wait for a better short, much higher.
Everyone can see the chart, but only a few can actually read it.
  • #528,720
  • Jun 17, 2020 2:01pm Jun 17, 2020 2:01pm
new hourly low
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yes yes yes
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