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Cable Update (GBPUSD)

  • #536,321
  • Jul 17, 2020 8:14am Jul 17, 2020 8:14am
Quoting trumps
{quote} The daily break below 26 on Monday looks like a retest area for good R/R short. 4hr wedge break would be indicative of next week direction IMO. All the best {image} {image}
We got the break.
A retest looks underway.
I would say down next week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 28 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 31 KB
Compulsions can be hard to resist
  • #536,322
  • Jul 17, 2020 8:22am Jul 17, 2020 8:22am
Quoting gatenio
im going to buy 2510, 2493 and 2475
missed it by nothing.. yak!
so predictable.
  • #536,323
  • Jul 17, 2020 8:23am Jul 17, 2020 8:23am
Next 4 hourly candle can smoke the last support “the neckline”
WARNING: This post warps space and time in its vicinity.
  • #536,324
  • Jul 17, 2020 8:24am Jul 17, 2020 8:24am
Quoting navk
{quote} watch 2507. I suspect a bounce at 2507
wow... it is really bounce....

  • #536,325
  • Jul 17, 2020 8:25am Jul 17, 2020 8:25am
Went long at 1.2517 at the previous 4h close as I noticed it didn't make a lower close than the previous lowest 4h. SL at BE just in case..
  • #536,326
  • Jul 17, 2020 8:26am Jul 17, 2020 8:26am
i would not sell anymore today.

The retrace can go up to 2611 today and more on Monday.

That is all 1.2500 today guys.

I will not expect a break of round number today
Intraday only.
  • #536,327
  • Jul 17, 2020 8:28am Jul 17, 2020 8:28am
Quoting navk
i would not sell anymore today. The retrace can go up to 2611 today and more on Monday. That is all 1.2500 today guys. I will not expect a break of round number today

https://www.forexlive.com/news/!/us-...osses-20200717
Don't Leave Money on the Table
  • #536,328
  • Jul 17, 2020 8:33am Jul 17, 2020 8:33am
Quoting navk
i would not sell anymore today. The retrace can go up to 2611 today and more on Monday. That is all 1.2500 today guys. I will not expect a break of round number today
too early to say that
WARNING: This post warps space and time in its vicinity.
  • #536,329
  • Jul 17, 2020 8:37am Jul 17, 2020 8:37am
Quoting WizardTrade
{quote} too early to say that
break and test.

i wont sell it, but i want to buy the lower tl.. go bear give us your best.

Akimo coffee is getting cold.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot0.png Size: 58 KB
  • #536,330
  • Jul 17, 2020 8:38am Jul 17, 2020 8:38am
Quoting gatenio
{quote} break and test. i wont sell it, but i want to buy the lower tl.. go bear give us your best. Akimo coffee is getting cold. {image}
you will see the break maybe by today close or by tuesday next week.
WARNING: This post warps space and time in its vicinity.
  • #536,331
  • Jul 17, 2020 8:40am Jul 17, 2020 8:40am
Quoting navk
i would not sell anymore today. The retrace can go up to 2611 today and more on Monday. That is all 1.2500 today guys. I will not expect a break of round number today
But we got only 1.25111
yes yes yes
  • #536,332
  • Jul 17, 2020 8:40am Jul 17, 2020 8:40am
Quoting WizardTrade
{quote} too early to say that
the next level on top is 2611.

The support level is 2507.

ADR is not yet done today
Intraday only.
  • #536,333
  • Jul 17, 2020 8:40am Jul 17, 2020 8:40am
Quoting Moty
{quote} But we got only 1.25111
2507 area.

May be 2510
Intraday only.
  • #536,334
  • Jul 17, 2020 8:42am Jul 17, 2020 8:42am
Looks more down side to me. That strong bear candle is only having a retest from nyse open or might rally for closer to London xlose and see the drop happen by end of next hour into NY cllse
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #536,335
  • Jul 17, 2020 8:42am Jul 17, 2020 8:42am
Quoting navk
i would not sell anymore today. The retrace can go up to 2611 today and more on Monday. That is all 1.2500 today guys. I will not expect a break of round number today
and what if it breaks and fall lower?
  • #536,336
  • Jul 17, 2020 8:43am Jul 17, 2020 8:43am
Quoting WizardTrade
{quote} you will see the break maybe by today close or by tuesday next week.
break of what? if bears will not starting to push they can say bye.
if this weekly will be bullish... bye.
  • #536,337
  • Jul 17, 2020 8:44am Jul 17, 2020 8:44am
Quoting mastersplint
Looks more down side to me. That strong bear candle is only having a retest from nyse open or might rally for closer to London xlose and see the drop happen by end of next hour into NY cllse
the cycle from 1.2650 is over now I guess.

Let us see.

In any case, I do not expect round number to break today , friday
Intraday only.
  • #536,338
  • Jul 17, 2020 8:48am Jul 17, 2020 8:48am
Quoting epzero
{quote} and what if it breaks and fall lower?
i have my trailing stop set at 2518.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 33 KB
Intraday only.
  • #536,339
  • Jul 17, 2020 8:54am Jul 17, 2020 8:54am
1.248x otw....
  • #536,340
  • Jul 17, 2020 8:57am Jul 17, 2020 8:57am
Hoping for another leg down to monthly pivot.
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