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Cable Update (GBPUSD)

  • #535,841
  • Jul 16, 2020 2:26am Jul 16, 2020 2:26am
Quoting WizardTrade
This neckline break on GJ will bring in the desired fall in GU Get ready sellers TW {image}
Supported @ 134.03 by the 4 hr 100ma, looks like buyers have come in @ that level
Don't Leave Money on the Table
  • #535,842
  • Jul 16, 2020 2:26am Jul 16, 2020 2:26am
Quoting navk
weekly and monthly are bullish. If weekly has to change, then next week only. If daily changes tomorrow to bull, then long is preferred in line with weekly and monthly. {image}
daily and weekly trend tend to Change slowly , i prefer h4 trend
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 40 KB
yes yes yes
  • #535,843
  • Jul 16, 2020 2:27am Jul 16, 2020 2:27am
#GBPUSD / H1
Attached Image (click to enlarge)
Click to Enlarge Name: EDtpDhj.png Size: 93 KB
  • #535,844
  • Edited 2:51am Jul 16, 2020 2:31am | Edited 2:51am
Quoting HaLBot
{quote} Supported @ 134.03 by the 4 hr 100ma, looks like buyers have come in @ that level
It can flip but my experience says it is gonna smoke down this level today in 5-6 hours. Trade Safe.

Cheers
TW

PS: EJ starts to point up again, the drop is a sure thing on GJ and GU.
WARNING: This post warps space and time in its vicinity.
  • #535,845
  • Jul 16, 2020 2:35am Jul 16, 2020 2:35am
I could see the support at 1.2530 where GU is most likely to bounce and as long as that support holds long position is favored on the pair . That is what I can see on my own price action strategy . Time will prove me right or wrong .
With patience and discipline,you move beyond the sky
  • #535,846
  • Jul 16, 2020 2:40am Jul 16, 2020 2:40am
Quoting navk
{quote} to me all point out short today. anyway, i look to some retrace in London to short later, under 2595
Really am looking for the same thing, i was stopped out yesterday
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #535,847
  • Jul 16, 2020 2:46am Jul 16, 2020 2:46am
Quoting Ehminiz
Happy new day. I think it just completed retracement and we might be seeing an upward movement soon. I may be wrong. cheers

+20 pips out.

now I wait till it breaks my 55 EMA before going long again.

trade safe
#Stay blue. /swinger/scalper/
  • #535,848
  • Jul 16, 2020 2:48am Jul 16, 2020 2:48am
GBPUSD

sell at 1.2571

target 1.2498

Last week's volume adjusted price formed resistance at 1.2494.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1_1607_FF.png Size: 37 KB
  • #535,849
  • Jul 16, 2020 2:50am Jul 16, 2020 2:50am
just closed first trade of the day which was a long +20 pips, I looking to short around 700 800 level

lets see what happens
  • #535,850
  • Jul 16, 2020 2:56am Jul 16, 2020 2:56am
A 1 hr close above 1.2587 could cause trouble for the bears and reciprocally a break below 1.2545 would trigger a drop towards 1.2500 minimum. I have a long from 1.2540, sl 1.2530.
  • #535,851
  • Jul 16, 2020 3:00am Jul 16, 2020 3:00am
Inserted Video
not euphoria follower
  • #535,852
  • Jul 16, 2020 3:01am Jul 16, 2020 3:01am
Quoting joesherwood
just closed first trade of the day which was a long +20 pips, I looking to short around 700 800 level lets see what happens
why you always tell us about your trade after you close them?
whats the point?
  • #535,853
  • Jul 16, 2020 3:04am Jul 16, 2020 3:04am
Quoting gatenio
{quote} why you always tell us about your trade after you close them? whats the point?
Education, Ganio!
Patience and Discipline.
  • #535,854
  • Jul 16, 2020 3:04am Jul 16, 2020 3:04am
Quoting gatenio
{quote} why you always tell us about your trade after you close them? whats the point?
Joe just wants all the pips to himself.....
Don't Leave Money on the Table
  • #535,855
  • Jul 16, 2020 3:13am Jul 16, 2020 3:13am
Quoting Moty
{quote} daily and weekly trend tend to Change slowly , i prefer h4 trend {image}
Did you sell @ low?
  • #535,856
  • Jul 16, 2020 3:17am Jul 16, 2020 3:17am
Overhead resistance at 2570
Intraday only.
  • #535,857
  • Jul 16, 2020 3:19am Jul 16, 2020 3:19am
ichimoko wise, bulls is about to left the building.
careful buyers.
  • #535,858
  • Jul 16, 2020 3:25am Jul 16, 2020 3:25am
Quoting Moty
{quote} daily and weekly trend tend to Change slowly , i prefer h4 trend {image}
moty,

Look at S2, Daily heikenashi, 200 EMA IN HOURLY.

All point ouT bearish to me.

Target S2.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 30 KB
Intraday only.
  • #535,859
  • Jul 16, 2020 3:28am Jul 16, 2020 3:28am
Quoting martinez1
{quote} Really am looking for the same thing, i was stopped out yesterday
stopping out is usual for retailers.
Intraday only.
  • #535,860
  • Jul 16, 2020 3:35am Jul 16, 2020 3:35am
After Moty posted his SHS yesterday (big thanks for it, i didnt saw it) i short it but get trailed out in profit.
Today i was looking for an entry and get filled at 1.2554
Wish you a good day

Edit: added next position at 1.2530
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