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Cable Update (GBPUSD)

  • #531,941
  • Jun 30, 2020 4:12am Jun 30, 2020 4:12am
2230-40 being bigged up by one of my institutional pals if seen...a minor prev 2hr/4hr swing lo there as far as I can see but nothing else per my analysis....looks a more major one re 4hr just below it ? Fxstreet.com calling 2250 'critical support'...actually just noticed 2237 is Daily S1.
Trader with an Edge.
  • #531,942
  • Jun 30, 2020 4:14am Jun 30, 2020 4:14am
Attached Image (click to enlarge)
Click to Enlarge Name: gu15m.png Size: 41 KB
yes yes yes
  • #531,943
  • Jun 30, 2020 4:15am Jun 30, 2020 4:15am
Quoting Theoak
Not taken this trade, but: {image}
Good you left it!
Life is great!!
  • #531,944
  • Jun 30, 2020 4:16am Jun 30, 2020 4:16am
Quoting despichtt
{quote} Good you left it!
No Man's land. Could chop all day long!!!!
Don't trade what you think. Just what you see!!!
  • #531,945
  • Jun 30, 2020 4:21am Jun 30, 2020 4:21am
my fisrt long limit at 2253.
Intraday only.
  • #531,946
  • Jun 30, 2020 4:24am Jun 30, 2020 4:24am
Quoting Theoak
{quote} No Man's land. Could chop all day long!!!!
...Boe Mpc member - Boe Chief economist Haldane speaking at 11am London - may cause a titter ? PM Johnson speaking later about splashing the cash but don't know what time ?
Trader with an Edge.
  • #531,947
  • Jun 30, 2020 4:28am Jun 30, 2020 4:28am
Quoting navk
my fisrt long limit at 2253.
this is deleted.

Now first buy limit at 2243.
Intraday only.
  • #531,948
  • Jun 30, 2020 4:28am Jun 30, 2020 4:28am
Quoting Headland
{quote} ...Boe Mpc member - Boe Chief economist Haldane speaking at 11am London - may cause a titter ? PM Johnson speaking later about splashing the cash but don't know what time ?
Cheers for the heads up!
Don't trade what you think. Just what you see!!!
  • #531,949
  • Jun 30, 2020 4:29am Jun 30, 2020 4:29am
Quoting Theoak
{quote} No Man's land. Could chop all day long!!!!
Not even a proper death cat bounce from the bottom
Life is great!!
  • #531,950
  • Jun 30, 2020 4:31am Jun 30, 2020 4:31am
Quoting navk
{quote} this is deleted. Now first buy limit at 2243.
Attached Image (click to enlarge)
Click to Enlarge Name: 871B09EB-5F0D-4DF4-85BE-CE6FD0A5262B.jpeg Size: 280 KB
yesterday’s planned view looks like it’s still on . But cable is sneeeeeky any sign of going slow so the emas start running below the price as it has done needs watching
  • #531,951
  • Jun 30, 2020 4:36am Jun 30, 2020 4:36am
Quoting despichtt
{quote} Not even a proper death cat bounce from the bottom
Pound/dollar is suffering from downside momentum on the four-hour chart and the Relative Strength Index (RSI) is still above 30 – outside oversold conditions. The currency pair is trading below the 50, 100, and 200 Simple Moving Averages.
All in all, bears are in control.
Critical support awaits at 1.2250, which is the recent trough – the lowest since late May. It is followed by 1.2210 and 1.2165, levels that were relevant last month.
Some resistance awaits at 1.23, which limited the recovery, followed by 1.2240, a support line from mid-June. The next cap is 1.24, a round number and also where the 50 SMA hits the price. Further up, 1.2450 and 1.25 await the currency pair.
Don't trade what you think. Just what you see!!!
  • #531,952
  • Jun 30, 2020 4:40am Jun 30, 2020 4:40am
too steep
some kind of correction should be coming
in wondering about yourself, you forgot what you came here to be part of
  • #531,953
  • Jun 30, 2020 4:43am Jun 30, 2020 4:43am
Quoting Theoak
{quote} Pound/dollar is suffering from downside momentum on the four-hour chart and the Relative Strength Index (RSI) is still above 30 – outside oversold conditions. The currency pair is trading below the 50, 100, and 200 Simple Moving Averages. All in all, bears are in control. Critical support awaits at 1.2250, which is the recent trough – the lowest since late May. It is followed by 1.2210 and 1.2165, levels that were relevant last month. Some resistance awaits at 1.23,...
Rsi also diverging on the min15, quite telling but looks a bit too much like bitter trend fighting right now )
Life is great!!
  • #531,954
  • Jun 30, 2020 4:47am Jun 30, 2020 4:47am
...not fractal yet but a LL now on 1hr...2hr/4hr/dly downtrends still very much intact with LH's in 2hr/4hr and currently looking like a fresh LL on these two t/f's is more probable than not. See what Haldane does to it at 11am London...then that's my session ended. May come back later in afternoon. Current daily lo is right on that new 4hr asc t/line... Lots of talk of support below the current weekly/mon lo, if seen.

verily.
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Trader with an Edge.
  • #531,955
  • Jun 30, 2020 4:48am Jun 30, 2020 4:48am
Whoever wins this battle between bull and bear will trend
  • #531,956
  • Jun 30, 2020 4:49am Jun 30, 2020 4:49am
Quoting despichtt
{quote} Rsi also diverging on the min15, quite telling but looks a bit too much like bitter trend fighting right now )
It will be trend fighting. If it breaks these lows!!! I'll be shorting for 20 pips minimum.
Don't trade what you think. Just what you see!!!
  • #531,957
  • Jun 30, 2020 4:49am Jun 30, 2020 4:49am
Quoting Vincent1
{quote} I'm not good at explaining things but I can try The Asian session alone is not enough time to confirm the distance between the two lows on H1 for a Double Bottom, it usually takes longer. The volume of yesterday's low is not high enough to justify the end of a trend (there is still supply in the market), and the volume of the low made now is too high compared to yesterday's low to form a Double Bottom I always prefer to say IMHO, I'm just a student, and like you I keep learning day by day from the market
Great response. How do you know the volumes?
Le$$ I$ More
  • #531,958
  • Jun 30, 2020 4:54am Jun 30, 2020 4:54am
Quoting Siame
LONG 1.22898
Out.

I'll wait for Previous Low to be swept to BUY back.
  • #531,959
  • Jun 30, 2020 4:55am Jun 30, 2020 4:55am
Quoting Mr-tomfx
Roszey plz upload weekly Indicators and Templates Thank you
limited version.
Attached File(s)
File Type: mq4 Custom_Lines_v5_Alerts_1.1.mq4   61 KB | 445 downloads
Le$$ I$ More
  • #531,960
  • Jun 30, 2020 4:56am Jun 30, 2020 4:56am
Quoting Headland
2230-40 being bigged up by one of my institutional pals if seen...a minor prev 2hr/4hr swing lo there as far as I can see but nothing else per my analysis....looks a more major one re 4hr just below it ? Fxstreet.com calling 2250 'critical support'...actually just noticed 2237 is Daily S1.
I did sight 1.2232@ as probable buying risk hence seen as support... Not much fall for June again... Already have my buys active for June only... This July is going to be brutal... Possible highs and lows will be given after new York close
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