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Cable Update (GBPUSD)

  • #537,021
  • Jul 21, 2020 7:19am Jul 21, 2020 7:19am
Dx is on support level
That's why gu can't break
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yes yes yes
  • #537,022
  • Jul 21, 2020 7:20am Jul 21, 2020 7:20am
In drawdown at the moment but if Daily Resistance 1 @ 1.2711 holds i will be safe, my stop is above that resistance. Just sharing my thoughts, I may be wrong. Safe trading everyone
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  • #537,023
  • Jul 21, 2020 7:22am Jul 21, 2020 7:22am
Hi,

here the Bullish bat or Butterfly.. later we can.. bu i mentioned minimum target.. if its butterfly.. can drop 1.618 level..
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Everything, what's meant to be will find its way
  • #537,024
  • Jul 21, 2020 7:24am Jul 21, 2020 7:24am
Top at 1920.70
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super scalp will big profit
  • #537,025
  • Jul 21, 2020 7:25am Jul 21, 2020 7:25am
Quoting Mohamed-Seit
Hi, here the Bullish bat or Butterfly.. later we can.. bu i mentioned minimum target.. if its butterfly.. can drop 1.618 level.. {image}
thanks, what is the maximum for pattern to stay valid?
  • #537,026
  • Jul 21, 2020 7:30am Jul 21, 2020 7:30am
Bit of risk hitting Cable
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #537,027
  • Jul 21, 2020 7:31am Jul 21, 2020 7:31am
1.28 in view, 1.266's must hold for that.
1.2570's are going to be tested before any advancement beyond 1.28.
Even 1.23 lows have unfinished business before clearing for a quarterly swing.
69
  • #537,028
  • Jul 21, 2020 7:32am Jul 21, 2020 7:32am
Quoting KeenPips
How do you know? KP {quote}
Just a guess, but people are adding to shorts to a bull trap that's moved 160 pips. I might be wrong.
Don't trade what you think. Just what you see!!!
  • #537,029
  • Jul 21, 2020 7:33am Jul 21, 2020 7:33am
Quoting akim0895
{quote} that not an issue here.. if don't want to losing money so keep the money in the bank
Good for you bud!
Don't trade what you think. Just what you see!!!
  • #537,030
  • Jul 21, 2020 7:42am Jul 21, 2020 7:42am
Quoting gatenio
{quote} thanks, what is the maximum for pattern to stay valid?
Butterfly or bat maximum 0.886 ratio. depends on timeframe. you can get. if 100% above that is shark. it can go upto 1.618. SEARCH engine is best for chart examples..
Everything, what's meant to be will find its way
  • #537,031
  • Jul 21, 2020 7:42am Jul 21, 2020 7:42am
I knew you were being hilarious.

KP

Quoting Theoak
{quote} Just a guess, but people are adding to shorts to a bull trap that's moved 160 pips...
Do your homework, follow the footprints of smart money
  • #537,032
  • Jul 21, 2020 7:53am Jul 21, 2020 7:53am
Good morning all
Gbp still going up i see hmm
well if the up momentum is here to stay we may break 1.2800 this weak
  • #537,033
  • Jul 21, 2020 7:55am Jul 21, 2020 7:55am
Reenter short here maybe it will hit 1.275 first
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  • #537,034
  • Jul 21, 2020 7:57am Jul 21, 2020 7:57am
If there is a generally agreed upon method of analyzing charts, wouldn't the big players who can move markets use that information against the masses, to lure and to crush?
  • #537,035
  • Jul 21, 2020 8:02am Jul 21, 2020 8:02am
Quoting SCopier
Reenter short here maybe it will hit 1.275 first {image}
or Maybe Not
  • #537,036
  • Jul 21, 2020 8:08am Jul 21, 2020 8:08am
may be the price needs retrace.

shorted with tight stop.

12716 is my stop.

Previously 12719 was my stop.

now lowered
Intraday only.
  • #537,037
  • Jul 21, 2020 8:08am Jul 21, 2020 8:08am
Quoting SFundamental
Bit of risk hitting Cable
finally moving....at a POC/HVN though
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #537,038
  • Jul 21, 2020 8:09am Jul 21, 2020 8:09am
I think we may restest a trend line
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  • #537,039
  • Jul 21, 2020 8:12am Jul 21, 2020 8:12am
Down trend has starting, but 1 of resistance still not hit 1.27500. Just beware for tomorrow
  • #537,040
  • Edited 8:28am Jul 21, 2020 8:14am | Edited 8:28am
Hello...still away on hols but just doing a mid-hols updating of pot supp/res charts on laptop so less to do when re-start trading later next week when home. Hope everyone is doing ok.

Some sellers at today's hi.....above here and not immediately obvious on lower t/f charts - leading up to that 2813 major swing hi on t/f's to weekly;

2745-55 steepest weekly desc t/line on this weekly candle.
2773 23.6% 7188-1411
2777 76.4% 3201-1411

Currently @ 72% of 13 week awr and 68% of 12mth amr.

See you next week sometime.
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