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Cable Update (GBPUSD)

  • #532,181
  • Jun 30, 2020 9:00pm Jun 30, 2020 9:00pm
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 10:43pm Jun 30, 2020 10:43pm
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 11:22pm Jun 30, 2020 11:22pm
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 11:54pm Jun 30, 2020 11:54pm
Overall direction maybe indecisive until ADP data is released at 1:15 PM GMT
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  • #532,185
  • Jul 1, 2020 12:06am Jul 1, 2020 12:06am
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
  • Jul 1, 2020 12:13am Jul 1, 2020 12:13am
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
  • Jul 1, 2020 12:17am Jul 1, 2020 12:17am
gu is still bearish
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yes yes yes
  • #532,188
  • Edited 12:35am Jul 1, 2020 12:21am | Edited 12:35am
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
  • Jul 1, 2020 12:25am Jul 1, 2020 12:25am
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$$ I$ More
  • #532,190
  • Jul 1, 2020 12:29am Jul 1, 2020 12:29am
Quoting navk
ADR is 120 pips. 1.2400 to 1.2280 option 1 1.2350 to 1.2470 option 2 ( This may not happen ) 1.2330 to 1.2450. option 3. I would prefer option 3.
I also would prefer/hope option 3.
  • #532,191
  • Jul 1, 2020 12:39am Jul 1, 2020 12:39am
its a new month, the market will be playing tricks and trapping traders. Trade safe. the real direction of the market will be shown after this week.
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Anything can happen at this point. Trade posted is to be used for examination and learning purposes.
Le$$ I$ More
  • #532,192
  • Jul 1, 2020 12:59am Jul 1, 2020 12:59am
A few bullish divs here at 2365. H4 remains on the upside for now

Buying dips still
COT: The precious data ignored
  • #532,193
  • Jul 1, 2020 1:00am Jul 1, 2020 1:00am
aspect a big move today
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yes yes yes
  • #532,194
  • Jul 1, 2020 1:01am Jul 1, 2020 1:01am
am waiting
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https://investizo.com/investment/view?server=1&login=2141779119
  • #532,195
  • Edited 1:27am Jul 1, 2020 1:14am | Edited 1:27am
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
  • Jul 1, 2020 1:17am Jul 1, 2020 1:17am
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yes yes yes
  • #532,197
  • Jul 1, 2020 1:22am Jul 1, 2020 1:22am
Quoting Moty
{image}
Based on this
neckline reach now, bounce or break 235X
  • #532,198
  • Jul 1, 2020 1:25am Jul 1, 2020 1:25am
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
  • Jul 1, 2020 1:28am Jul 1, 2020 1:28am
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
  • Jul 1, 2020 1:34am Jul 1, 2020 1:34am
...1Hr is below.
Attached Image (click to enlarge)
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Trader with an Edge.
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