My broker opens now. Showed a gap down to 12553 although price has pretty much rebounded to close already.
Cable Update (GBPUSD)
- #536,462
- Jul 19, 2020 3:04pm Jul 19, 2020 3:04pm
- Joined Oct 2011 | Status: Lost.... | 2,384 Posts
Lost....
- #536,463
- Jul 19, 2020 3:44pm Jul 19, 2020 3:44pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #536,464
- Jul 19, 2020 3:51pm Jul 19, 2020 3:51pm
- Joined Nov 2013 | Status: Busy | 1,396 Posts
Le$$ I$ More
- #536,465
- Jul 19, 2020 3:52pm Jul 19, 2020 3:52pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's my technical perspective on GBPUSD as a swing trader. GBPUSD market operation on the weekly time turned bearish last week after the bullish drive of the previous two weeks as it retested the 1.26400 area, which is the upper boundary of a horizontal channel created in the past eight weeks. Should bears continue to be influential this week, we may see a further southward move. However, the candlestick printed last week has a long lower shadow, which indicates a bullish pressure, and we may see buyers make a push higher in the early part of this week before a southward turnaround.
On the daily time frame, the 1.25290/1.26600 zone (blue) is presently the operating horizontal channel for price action. A breach of the channel either side by price action is likely to provide directional clarity. In the circumstance, I will be more interested in a bearish trading opportunity as it potentially offers a more positive reward/risk ratio given the fact that, technically, the immediate horizontal resistance is around the 1.27400 area while the immediate horizontal support is around the 1.22700 area.
I may be wrong. Trade safe and prosper.
KP
On the daily time frame, the 1.25290/1.26600 zone (blue) is presently the operating horizontal channel for price action. A breach of the channel either side by price action is likely to provide directional clarity. In the circumstance, I will be more interested in a bearish trading opportunity as it potentially offers a more positive reward/risk ratio given the fact that, technically, the immediate horizontal resistance is around the 1.27400 area while the immediate horizontal support is around the 1.22700 area.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #536,466
- Jul 19, 2020 3:58pm Jul 19, 2020 3:58pm
- Joined Feb 2012 | Status: Trader | 5,619 Posts
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
- #536,467
- Jul 19, 2020 4:10pm Jul 19, 2020 4:10pm
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #536,469
- Jul 19, 2020 4:29pm Jul 19, 2020 4:29pm
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #536,470
- Jul 19, 2020 4:38pm Jul 19, 2020 4:38pm
- Joined May 2016 | Status: Clueless | 6,896 Posts
Fresh Week upon us..
Took the time to draw some charts
..
Is it just me or may have a W in the making on the monthly side of things? Maybe .. to add on, we have a bull doji that has been vetted from top to bottom.
Have a look at make what you wish out of it.
We sticking with the bull side of things.. Can't afford to miss this..
If this bull idea must stick, weekly open should only be retested and must not go below it.
monthly candle also need to close above 20MA
Let's see how fast things goes.
StaySafe
Took the time to draw some charts
..Is it just me or may have a W in the making on the monthly side of things? Maybe .. to add on, we have a bull doji that has been vetted from top to bottom.
Have a look at make what you wish out of it.
We sticking with the bull side of things.. Can't afford to miss this..
If this bull idea must stick, weekly open should only be retested and must not go below it.
monthly candle also need to close above 20MA
Let's see how fast things goes.
StaySafe
- #536,471
- Jul 19, 2020 5:08pm Jul 19, 2020 5:08pm
- Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts
Let it drop in the Frankfurt session 
Easy peezy. 
Easy peezy. WARNING: This post warps space and time in its vicinity.
Fresh Week upon us.. Took the time to draw some charts
- #536,473
- Jul 19, 2020 7:13pm Jul 19, 2020 7:13pm
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #536,474
- Jul 19, 2020 8:16pm Jul 19, 2020 8:16pm
- Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts
- #536,475
- Jul 19, 2020 8:26pm Jul 19, 2020 8:26pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #536,476
- Jul 19, 2020 8:54pm Jul 19, 2020 8:54pm
- Joined Oct 2019 | Status: Trader | 1,132 Posts
that drop was awesome, i couldn't have asked for more
- #536,477
- Jul 19, 2020 8:56pm Jul 19, 2020 8:56pm
- Joined Oct 2010 | Status: Trader | 21,479 Posts
Intraday only.
- #536,478
- Jul 19, 2020 9:02pm Jul 19, 2020 9:02pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #536,479
- Jul 19, 2020 9:09pm Jul 19, 2020 9:09pm
- Joined Oct 2010 | Status: Trader | 21,479 Posts
Intraday only.
- #536,480
- Jul 19, 2020 9:13pm Jul 19, 2020 9:13pm
- Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts