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Cable Update (GBPUSD)

  • #529,001
  • Jun 18, 2020 7:16am Jun 18, 2020 7:16am
Ok, in this area we need some bad news for USD, or some Trump's Tweet, so we can buy
  • #529,002
  • Jun 18, 2020 7:17am Jun 18, 2020 7:17am
If you read the statement - its damming
Plus every single bank is bearish on the pound atm
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #529,003
  • Jun 18, 2020 7:18am Jun 18, 2020 7:18am
Quoting mkvy
{quote} Breakdown you mean?
the price already touch the trendline.. just watch if bounce or break. as far i can see.. its bouncing... will it go up ?
PATIENCE AND DISCIPLINE!
  • #529,004
  • Jun 18, 2020 7:18am Jun 18, 2020 7:18am
Its obv, that this move from BOE will be good for the GBP, but I was wondering will it be in the short or in the long run, but as I can see it will be in the long one.
Patience and Discipline.
  • #529,005
  • Jun 18, 2020 7:19am Jun 18, 2020 7:19am
Hi, here is my todays Intraday analysis, hope you enjoy it, I set price labels to all short and long levels for you to know where to enter the trade. Hope it helps, i will try to update it every day, the levels are made with VWAP from higher TFs and Initial ballance and Market profile theory. So maybe you find it good, the levels are working just fine for my trading.



Attached Image (click to enlarge)
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  • #529,006
  • Jun 18, 2020 7:21am Jun 18, 2020 7:21am
Quoting harold1
{quote} the price already touch the trendline.. just watch if bounce or break. as far i can see.. its bouncing... will it go up ?
It clearly broke
  • #529,007
  • Jun 18, 2020 7:21am Jun 18, 2020 7:21am
Quoting Moty
{image} {image}
This man is so on the ball. Even when he thinks he might be wrong, he can move the market through sheer will power.
Gone to a better place
  • #529,008
  • Jun 18, 2020 7:21am Jun 18, 2020 7:21am
Quoting Student21
Now I'm long with tight sl, target 1.25

Hi-prob trade there I thought, I took it too exactly same but scalped for +10 only....needs to break upside of this previous 30min swing lo that may act as resistance now....for your target...G/L

G/L
Trader with an Edge.
  • #529,009
  • Jun 18, 2020 7:22am Jun 18, 2020 7:22am
Quoting mkvy
{quote} It clearly broke
lol... you call that break? okay... its up to you..
PATIENCE AND DISCIPLINE!
  • #529,010
  • Jun 18, 2020 7:23am Jun 18, 2020 7:23am
Quoting smikester
{quote} This man is so on the ball. Even when he thinks he might be wrong, he can move the market through sheer will power.
just trade against him
  • #529,011
  • Jun 18, 2020 7:23am Jun 18, 2020 7:23am
Quoting Bartosz77
{quote} Target should be ---> 1.24630 (second attempt to break 50% fib)
And we arrived to the predicted level. Question is - will this second attempt be successful or are we going to retrace to 1.25748 to give price another chance on the ride below 1.24621?
WT
  • #529,012
  • Jun 18, 2020 7:24am Jun 18, 2020 7:24am
Quoting shakmoney
{quote} just trade against him
I do not think so.
Gone to a better place
  • #529,013
  • Jun 18, 2020 7:26am Jun 18, 2020 7:26am
Strong bounce off 2452, if we can clear up 2474 its possible to have hit bottom for today..
COT: The precious data ignored
  • #529,014
  • Jun 18, 2020 7:27am Jun 18, 2020 7:27am
Quoting harold1
{quote} lol... you call that break? okay... its up to you..
Its been violated..
What happens if you stab a full bottle of water with a screwdriver near the base
  • #529,015
  • Jun 18, 2020 7:27am Jun 18, 2020 7:27am
Quoting Georginson
Here is the calm before the next slide... attack it from 1.2620 again or do it from current 1.2600...do not be shy of 1.2500/1.2400
Here we eventually attacked it.
Data + Stat + Risk/Emotions Management
  • #529,016
  • Jun 18, 2020 7:28am Jun 18, 2020 7:28am
is divergen forming on 15m and 30m chart?
Attached Image (click to enlarge)
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  • #529,017
  • Jun 18, 2020 7:29am Jun 18, 2020 7:29am
Quoting harold1
{quote} lol... you call that break? okay... its up to you..
perfect touch and bounce up as far as I could tell...guess it depends how you draw them.
Trader with an Edge.
  • #529,018
  • Jun 18, 2020 7:30am Jun 18, 2020 7:30am
Quoting mkvy
{quote} Its been violated..
whatever you think it is. lol. we have different perception of what we see.. now.. i can see rejection of that trendline,.. maybe later it will be break or not... but right now... its rejected.
PATIENCE AND DISCIPLINE!
  • #529,019
  • Jun 18, 2020 7:34am Jun 18, 2020 7:34am
Quoting harold1
{quote} whatever you think it is. lol. we have different perception of what we see.. now.. i can see rejection of that trendline,.. maybe later it will be break or not... but right now... its rejected.
Correct
That's why exist "false breakout"/ "bulls/bears trap"....let them get trapped .
They are the best signal for the change in the trend

Let's wait
  • #529,020
  • Jun 18, 2020 7:35am Jun 18, 2020 7:35am
Waiting for buy signal in the price action, 1.2405/1.2420 looks a good area for bulls
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