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Cable Update (GBPUSD)

  • #530,461
  • Jun 23, 2020 12:16pm Jun 23, 2020 12:16pm
i
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yes yes yes
  • #530,462
  • Jun 23, 2020 12:35pm Jun 23, 2020 12:35pm
Quoting dondealova
{quote} My Reason...my view The Cable will back to 1.27xx {image}
watchout 1.2537 it will breakout
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  • #530,463
  • Jun 23, 2020 12:40pm Jun 23, 2020 12:40pm
Quoting Moty
i {image}
In the past, you can trade engulfers on GU with your eyes closed.
Not anymore.
Irrespective of the TF, you must pay very close attention to all engulfers.
Addendum:
You see what I mean? 17 minutes to the close of the hour and the last hourly bearish engulfer is now in danger of being negated.
  • #530,464
  • Jun 23, 2020 12:40pm Jun 23, 2020 12:40pm
Quoting dondealova
{quote} watchout 1.2537 it will breakout {image}
very reasonable if prices are stuck in this area, because this area is for me one of the strongest bear defenses, but I'm sure today's trend will tear it
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  • #530,465
  • Jun 23, 2020 12:44pm Jun 23, 2020 12:44pm
Quoting Bydyke
{quote} In the past, you can trade engulfers on GU with your eyes closed. Not anymore. Irrespective of the TF, you must pay very close attention to all engulfers.
gulf isnt really a sport
i hate gulf.
in wondering about yourself, you forgot what you came here to be part of
  • #530,466
  • Jun 23, 2020 12:46pm Jun 23, 2020 12:46pm
Quoting dondealova
{quote} very reasonable if prices are stuck in this area, because this area is for me one of the strongest bear defenses, but I'm sure today's trend will tear it
I apologize if I was impressed to confirm a price , I just saw a few rejections happening today when prices move down, and prices always go up sticking to the trendline, I think it's a sign that the trendline will break
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  • #530,467
  • Jun 23, 2020 12:49pm Jun 23, 2020 12:49pm
Quoting knkie
{quote} gulf isnt really a sport i hate gulf.
Gulf in forex? That's lovely. Well-monitored engulfers guarantee loads of pips.
Meanwhile, did you notice that M15 has closed with a menacing maribozu? It doesn't look as if the bears have any chance today
  • #530,468
  • Jun 23, 2020 12:51pm Jun 23, 2020 12:51pm
Quoting mkvy
My analysis is pretty clear where its going either up then down or down then up {image}
Simplicity at its finest lol
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #530,469
  • Jun 23, 2020 12:53pm Jun 23, 2020 12:53pm
Quoting dondealova
{quote} very reasonable if prices are stuck in this area, because this area is for me one of the strongest bear defenses, but I'm sure today's trend will tear it
Still some liquidity to fill before sellers come.
1.255 roughly we should see
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #530,470
  • Jun 23, 2020 12:54pm Jun 23, 2020 12:54pm
Quoting Bydyke
{quote} Gulf in forex? That's lovely. Well-monitored engulfers guarantee loads of pips. Meanwhile, did you notice that M15 has closed with a menacing maribozu? It doesn't look as if the bears have any chance today
i used to love drinking maribozu's
especially after a round of gulf.
in wondering about yourself, you forgot what you came here to be part of
  • #530,471
  • Edited 11:50pm Jun 23, 2020 1:00pm | Edited 11:50pm
Quoting Siame
We broke Friday's and then Monday's High as expected. However , price needs to remain above previous Day's High to continue Bullish. A close back below it during London session would be my trigger to go SHORT. Until then, 1.25700 is in the cards.
I got shaken out of my initial longs, flipped short and missed the rally back up.

I'll be looking for a sizeable retracement during Wednesday's London session to take a LONG position.

Still targeting 1.25700 before the downtrend resumes.
  • #530,472
  • Jun 23, 2020 1:03pm Jun 23, 2020 1:03pm
crash
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  • #530,473
  • Jun 23, 2020 1:07pm Jun 23, 2020 1:07pm
1.2510 should be the stoploss for buyers ... IF you want to remain bullish in her
  • #530,474
  • Jun 23, 2020 1:21pm Jun 23, 2020 1:21pm
Quoting knkie
{quote} i used to love drinking maribozu's especially after a round of gulf.
That means you also must have loved harami's, three soldiers, piercing line and the likes. They are still appealing till date. The wise man says different strokes for different men.
  • #530,475
  • Jun 23, 2020 1:32pm Jun 23, 2020 1:32pm
Quoting Bydyke
{quote} That means you also must have loved harami's, three soldiers, piercing line and the likes. They are still appealing till date. The wise man says different strokes for different men.
three soldiers sounds enticing
lol
in wondering about yourself, you forgot what you came here to be part of
  • #530,476
  • Jun 23, 2020 1:35pm Jun 23, 2020 1:35pm
considering dumping the shorts, this just doesn't want to go down... Knowing me though ill exit and price will drop 200 pips...
  • #530,477
  • Jun 23, 2020 1:42pm Jun 23, 2020 1:42pm
I have a pending sell stop at 1.2510 with the target profit around 1.2460 region
Right now it looks bullish with the stoploss at 1.2510
Good luck
  • #530,478
  • Jun 23, 2020 1:46pm Jun 23, 2020 1:46pm
Quoting Scotteyy
considering dumping the shorts, this just doesn't want to go down... Knowing me though ill exit and price will drop 200 pips...
not sure you want to talk about it but can you describe why you went short?
in wondering about yourself, you forgot what you came here to be part of
  • #530,479
  • Jun 23, 2020 1:49pm Jun 23, 2020 1:49pm
A clear closed break above 2550 would be bullish IMO
But I think will get a bearish reaction
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Compulsions can be hard to resist
  • #530,480
  • Jun 23, 2020 1:51pm Jun 23, 2020 1:51pm
Quoting mkvy
My analysis is pretty clear where its going either up then down or down then up {image}
We should see more charts like this.
Compulsions can be hard to resist
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