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Cable Update (GBPUSD)

  • #532,221
  • Jul 1, 2020 2:36am Jul 1, 2020 2:36am
Quoting kuroro001
{quote} What about 13200 ?
hard at the moment for me to guess GBP long direction but it should be bearish and if it reach to 1.3 or 1.32 it will be the ultimate sell area

the thing is i can read that EURUSD is planning to go up to 1.15 or maybe more . so not sure if euro will take GBP up with it
  • #532,222
  • Jul 1, 2020 2:37am Jul 1, 2020 2:37am
Quoting kuroro001
{quote} In other words...down to 2250 before going all the way up?
yes probably. Early days yet. Next week will be the decider.
Le$$ I$ More
  • #532,223
  • Jul 1, 2020 2:37am Jul 1, 2020 2:37am
Quoting msniper
{quote} hard at the moment for me to guess GBP long direction but it should be bearish and if it reach to 1.3 or 1.32 it will be the ultimate sell area the thing is i can read that EURUSD is planning to go up to 1.15 or maybe more . so not sure if euro will take GBP up with it
Its possible yes, it could be some dollar selling, along with soft/agro commodities rise

Time will tell
COT: The precious data ignored
  • #532,224
  • Jul 1, 2020 2:38am Jul 1, 2020 2:38am
2610 - 2760 ??
not euphoria follower
  • #532,225
  • Jul 1, 2020 2:39am Jul 1, 2020 2:39am
false break imo , overall trend is up , the smaller tf will line up in the end
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yes yes yes
  • #532,226
  • Jul 1, 2020 2:42am Jul 1, 2020 2:42am
...re ema's 20/50/100 all crossed up now on 5min/10min/15min/30min....1hr neutral and 4hr/dly + still crossed down - reflecting this move up.
Trader with an Edge.
  • #532,227
  • Jul 1, 2020 2:46am Jul 1, 2020 2:46am
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morning a bit late this morning as a late night trading to get all the pips .. so the plan went as well as planed . Still looks a bit shaky around 2400 so we need a boost to get to target 2425 area that’s a big target as 61.8fib and tl meet more or less in the same place
  • #532,228
  • Edited 3:16am Jul 1, 2020 2:48am | Edited 3:16am
ok as before but price should range till gold & oil not finish their jobs , gold to target 1800 + towards as far 1830 or brent 45.54 + before 50.39 limit . waiting their jod finish before tanking start to augment fall for all.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #532,229
  • Jul 1, 2020 2:49am Jul 1, 2020 2:49am
2392 is currently resistance and it will hold for pull back below 2350. To atleast 2330.

IMO.

If breaks now or later 2400 the target is 2450.
Intraday only.
  • #532,230
  • Jul 1, 2020 2:51am Jul 1, 2020 2:51am
Quoting ricmaj
{quote} whats your take now that 2400 is playing resistance?
As far as 1.2250 holds, 1.2470 is imminent... 1.2400 will break, patience is required.
Data + Stat + Risk/Emotions Management
  • #532,231
  • Jul 1, 2020 2:52am Jul 1, 2020 2:52am
Quoting kuroro001
{quote} Its possible yes, it could be some dollar selling, along with soft/agro commodities rise Time will tell
I will give an up to date analysis for July soon...
Data + Stat + Risk/Emotions Management
  • #532,232
  • Jul 1, 2020 2:59am Jul 1, 2020 2:59am
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Quoting Headland
...re ema's 20/50/100 all crossed up now on 5min/10min/15min/30min....1hr neutral and 4hr/dly + still crossed down - reflecting this move up.
Morning my I say as a newbie to the thread your not new to trading as your method shows very well sir . 1 hour is showing more signs of up as we see on the chart yesterday was a fast move as I posted it would be .... but 4 hour I don’t like the 100/ 200 cross . Black 100 means down . But at this time is flat so caution.. 2355 on 4 hour is about to cross so I am thinking price might move to that for a bounce . But that breaks out of its tl . So again caution . Possible fake to catch bear trade .2425 area shown if broke the 2550 as you said and 2900 area possible ..2525 fail the take out yesterday’s bottom and carry on short trades .. sorry that’s a bit of a long post .. regards E
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  • #532,233
  • Jul 1, 2020 3:01am Jul 1, 2020 3:01am
M5 push comiing?
if not i bail.
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in wondering about yourself, you forgot what you came here to be part of
  • #532,234
  • Edited 3:20am Jul 1, 2020 3:01am | Edited 3:20am
Quoting trumps
Looks like might retest top of next range around 2410-15 {image} {image}
At this point, I think some Bulls and Bears could get slaughtered, and the Pigs could fill their pockets.
Compulsions can be hard to resist
  • #532,235
  • Jul 1, 2020 3:03am Jul 1, 2020 3:03am
Price hit 50% back to 38% and now looking to see 61.8%
  • #532,236
  • Jul 1, 2020 3:04am Jul 1, 2020 3:04am
Big US news today...somehow they predict a positive number, which I don't think can be reached, so if GU keeps struggling until then, the data should help to bring it over 2400 safely.

Maybe even over 2450.
Everyone can see the chart, but only a few can actually read it.
  • #532,237
  • Jul 1, 2020 3:06am Jul 1, 2020 3:06am
Quoting trumps
{quote} At point, I think some Bulls and Bears could get slaughtered, and the Pigs could fill their pockets.
nah it will push up thru for about 40-50 pips now
in wondering about yourself, you forgot what you came here to be part of
  • #532,238
  • Jul 1, 2020 3:06am Jul 1, 2020 3:06am
just checking for pa now , if not too crazy to fakeout up immediately ! fakeout cajn be 2426 to 2541 + high!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #532,239
  • Jul 1, 2020 3:09am Jul 1, 2020 3:09am
Another totaling 2 wins , yesterday would have been a day with more pips for me but because i close trading too early i
missed out on making 75 pips but all the same today am closing now. I hope i will be make a good decision co's sometimes you can end up staying and no enough
pips to be made.....

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Stay safe
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #532,240
  • Jul 1, 2020 3:09am Jul 1, 2020 3:09am
...bounced at the asc 1hr t/line and that prev 5/10min sw hi (3min hidden div there) to breech the 1hr desc t/line to upside...now in this prev 2hr/4hr sw lo zone again =prev supp and then res
Trader with an Edge.
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