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Cable Update (GBPUSD)

  • #534,621
  • Jul 10, 2020 5:08am Jul 10, 2020 5:08am
weekly says no
Quoting msniper
{quote} i know that GBPUSD respect hammers very much on daily i have seen it so it might really drop today
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Weekly.png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #534,622
  • Jul 10, 2020 5:09am Jul 10, 2020 5:09am
if 4h candle to close above 1.2631 i would say bulls winning and the inverted bearish hammer on daily will not work
  • #534,623
  • Jul 10, 2020 5:13am Jul 10, 2020 5:13am
I'm short from 1.2611..targeting 1.25...short term trade..SL 1h close above 1.2673.
  • #534,624
  • Jul 10, 2020 5:14am Jul 10, 2020 5:14am
Quoting Student21
{quote} Moty, maybe you can add an electric hammer to it, (please)?
something like this maybe ?
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yes yes yes
  • #534,625
  • Jul 10, 2020 5:15am Jul 10, 2020 5:15am
The daily looks like consolidation to me, the weekly is bullish this week.
Quoting msniper
if 4h candle to close above 1.2631 i would say bulls winning and the inverted bearish hammer on daily will not work
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #534,626
  • Jul 10, 2020 5:16am Jul 10, 2020 5:16am
everyone talk about hammer. did you find interesting same situation occur last week. but us market close on friday so we not get the confirmation candle. cant wait see what happen in us session.
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  • #534,627
  • Jul 10, 2020 5:20am Jul 10, 2020 5:20am
Quoting Bones
weekly says no {quote} {image}

and what its a a retrace of those bearish days on your chart...how do you trade weekly ?
MY OPINION NOT FINANCIAL ADVISE
  • #534,628
  • Jul 10, 2020 5:24am Jul 10, 2020 5:24am
2630 area looks like probable high for today before down continuation.
I will be surprised to see yesterdays high broken.

PA location is important differentiation.
Compulsions can be hard to resist
  • #534,629
  • Jul 10, 2020 5:27am Jul 10, 2020 5:27am
Quoting Kimjoun
if today is continuation from yesterday daily candle, i think this opportunity to short again. targeting extension 200. out at yesterday high. nice rr. {image}

Why would you short in an obvious uptrend?
  • #534,630
  • Jul 10, 2020 5:29am Jul 10, 2020 5:29am
Quoting Bones
weekly says no {quote} {image}
Hi Tony
I do not agree with you
we are speaking about a bearish pattern with high reliability on top
now we can see a hanging man for a confirmation daily bearish pattern yesterday (shooting star pattern)
i can see weekly candle chart GBPUSD with a bullish inverted hammer pattern but but I think This is a sex show of an old man with a girl.
the power of bullish inverted hammer pattern is running out.
  • #534,631
  • Jul 10, 2020 5:29am Jul 10, 2020 5:29am
use the weekly ,let you know that d1 isn't good yet
my 12 gmt looks more like a gravestone ,which should close right at bottom


Quoting donfriday
{quote} and what its a a retrace of those bearish days on your chart...how do you trade weekly ?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20200710_11.25.png Size: 77 KB
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  • #534,632
  • Jul 10, 2020 5:33am Jul 10, 2020 5:33am
Hello Hussin my dear friend I'm so pleased to see you ,
ok but I read w1 -inverted confirmation then continuation ,but top of range,I was looking at the falling tl and size last D1



Quoting hussin naiji
{quote} Hi Tony I do not agree with you we are speaking about a bearish pattern with high reliability on top now we can see a hanging man for a confirmation daily bearish pattern yesterday (shooting star pattern) i can see weekly candle chart GBPUSD with a bullish inverted hammer pattern but but I think This is a sex show of an old man with a girl. the power of bullish inverted hammer pattern is running out.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #534,633
  • Jul 10, 2020 5:34am Jul 10, 2020 5:34am
flip a coin
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  • #534,634
  • Jul 10, 2020 5:44am Jul 10, 2020 5:44am
Quoting msniper
flip a coin {image}
That's why i don't trade candle formation, it either yes or no
COT: The precious data ignored
  • #534,635
  • Jul 10, 2020 5:49am Jul 10, 2020 5:49am
Quoting Bones
Hello Hussin my dear friend I'm so pleased to see you , ok but I read w1 -inverted confirmation then continuation ,but top of range,I was looking at the falling tl and size last D1 {quote}
thanks again
i think bear camp of GBPUSD has a problem in this days or next days
fall of Dow or S&P500 = rally for USD or opponents
have a nice time with green pips for you my dear bro
Bye Bye
  • #534,636
  • Jul 10, 2020 5:52am Jul 10, 2020 5:52am
Some things are clearer than others thats all ,not always ,market tests us all

Quoting kuroro001
{quote} That's why i don't trade candle formation, it either yes or no
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #534,637
  • Jul 10, 2020 5:54am Jul 10, 2020 5:54am
Good morning all
We goin to hit 1.26200 and thenn retrace again? hmm
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  • #534,638
  • Jul 10, 2020 5:54am Jul 10, 2020 5:54am
What's happening on daily? What I feel?

PS: The same on GJ.
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WARNING: This post warps space and time in its vicinity.
  • #534,639
  • Jul 10, 2020 5:56am Jul 10, 2020 5:56am
Quoting Moty
{quote} something like this maybe ? {image}
haha, thank you looks epic....but honestly i am a bit concerned for my short if cable decides to breach confidently 1.2610 high....
A trader is as good as his stop loss. Understand your mistakes.
  • #534,640
  • Jul 10, 2020 5:57am Jul 10, 2020 5:57am
ok
maybe next week ,I don't trust the daily as is- also monthly how do you read ,I'm not sure if your able to post freely

Quoting hussin naiji
{quote} thanks again i think bear camp of GBPUSD has a problem in this days or next days fall of Dow or S&P500 = rally for USD or opponents have a nice time with green pips for you my dear bro Bye Bye
Attached Image (click to enlarge)
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