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Cable Update (GBPUSD)

  • #532,181
  • Jun 30, 2020 7:00pm Jun 30, 2020 7:00pm
Quoting navk
{quote} 2354 must hold today. If not 2330 will hold today. Target for long is 2450. for me only this view.
Bear have power now. But for direction up or down, time will tell.
  • #532,182
  • Jun 30, 2020 8:43pm Jun 30, 2020 8:43pm
Quoting Gilaforex13
{quote} Bear have power now. But for direction up or down, time will tell.
there is resistance at 1.2400.

I want to see 4 hr support for price to go up.

Currently in opposite mode as usual in asia.

4 hr support can form at 5 AM est.
Intraday only.
  • #532,183
  • Jun 30, 2020 9:22pm Jun 30, 2020 9:22pm
Quoting navk
{quote} there is resistance at 1.2400. I want to see 4 hr support for price to go up. Currently in opposite mode as usual in asia. 4 hr support can form at 5 AM est.
it's a new month so it might sell 100 pips before any buy starts for it to form wick for the monthly candle
  • #532,184
  • Jun 30, 2020 9:54pm Jun 30, 2020 9:54pm
Overall direction maybe indecisive until ADP data is released at 1:15 PM GMT
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  • #532,185
  • Jun 30, 2020 10:06pm Jun 30, 2020 10:06pm
3 scenario for me! 1. first support is around 1.2350 and going up, 2. playing around 1.2350 all day, 3. if its not hold, than there is a big chance to go 1.2295.
Time is your friend; impulse is your enemy! - John Bogle
  • #532,186
  • Jun 30, 2020 10:13pm Jun 30, 2020 10:13pm
Quoting epzero
{quote} it's a new month so it might sell 100 pips before any buy starts for it to form wick for the monthly candle
not sure of this theory.

But it may be true.

Better to follow what PA says.

I will look at 5 AM EST when 4 hr starts.

There may be an action before that. when frankfurt opens, 1.2400 may break too.
Intraday only.
  • #532,187
  • Jun 30, 2020 10:17pm Jun 30, 2020 10:17pm
gu is still bearish
Attached Image(s) (click to enlarge)
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yes yes yes
  • #532,188
  • Edited 10:35pm Jun 30, 2020 10:21pm | Edited 10:35pm
ADR is 120 pips.

1.2400 to 1.2280 option 1

1.2350 to 1.2470 option 2 ( This may not happen )

1.2330 to 1.2450. option 3.

I would prefer option 3.

If frankfurt open breaks 1.2400, then straight to 1.2450, London open would be short.
Intraday only.
  • #532,189
  • Jun 30, 2020 10:25pm Jun 30, 2020 10:25pm
Quoting shahab8b
{quote} Thank you Roszey. You are among a few traders here with great charts and analyses. I always look forward to reading them.
I am humbled, Senior.
Le$$ I$ More
  • #532,190
  • Jun 30, 2020 10:29pm Jun 30, 2020 10:29pm
Quoting navk
ADR is 120 pips. 1.2400 to 1.2280 option 1 1.2350 to 1.2470 option 2 ( This may not happen ) 1.2330 to 1.2450. option 3. I would prefer option 3.
I also would prefer/hope option 3.
  • #532,191
  • Jun 30, 2020 10:39pm Jun 30, 2020 10:39pm
its a new month, the market will be playing tricks and trapping traders. Trade safe. the real direction of the market will be shown after this week.
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Anything can happen at this point. Trade posted is to be used for examination and learning purposes.
Le$$ I$ More
  • #532,192
  • Jun 30, 2020 10:59pm Jun 30, 2020 10:59pm
A few bullish divs here at 2365. H4 remains on the upside for now

Buying dips still
COT: The precious data ignored
  • #532,193
  • Jun 30, 2020 11:00pm Jun 30, 2020 11:00pm
aspect a big move today
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yes yes yes
  • #532,194
  • Jun 30, 2020 11:01pm Jun 30, 2020 11:01pm
am waiting
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https://investizo.com/investment/view?server=1&login=2141779119
  • #532,195
  • Edited 11:27pm Jun 30, 2020 11:14pm | Edited 11:27pm
Hello. 4hr below shows where resistance was found so far - that aforementioned prev sw lo (prev supp) at the 50% 2543-2251 ...wkly pivot also there although not on the chart pic below. Bullish hidden div on 30min at the pullback lo....1hr last few fractal prints are HL, =H,L,LH,LL

Good Luck today all.
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Trader with an Edge.
  • #532,196
  • Jun 30, 2020 11:17pm Jun 30, 2020 11:17pm
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yes yes yes
  • #532,197
  • Jun 30, 2020 11:22pm Jun 30, 2020 11:22pm
Quoting Moty
{image}
Based on this
neckline reach now, bounce or break 235X
PA Return Today: na
  • #532,198
  • Jun 30, 2020 11:25pm Jun 30, 2020 11:25pm
Slept in this morning good to see my short from 124 hit TP

+40

Looking for quick longs now...
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  • #532,199
  • Jun 30, 2020 11:28pm Jun 30, 2020 11:28pm
yesterday's buy was caused by end of the month datas, the overall trend is for a sell so i expect to see it drop
  • #532,200
  • Jun 30, 2020 11:34pm Jun 30, 2020 11:34pm
...1Hr is below.
Attached Image (click to enlarge)
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Trader with an Edge.
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