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Cable Update (GBPUSD)

  • #537,081
  • Jul 21, 2020 9:37am Jul 21, 2020 9:37am
Quoting Likerty
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.
1.2740/50 is pivotal - could consolidate around it, also rejection for 1.266's may happen here or from 1.28xx
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  • #537,082
  • Jul 21, 2020 9:42am Jul 21, 2020 9:42am
Next up 1.2780 / 1.2860.
  • #537,083
  • Jul 21, 2020 9:42am Jul 21, 2020 9:42am
Quoting Likerty
{quote} 1.2740/50 is pivotal - could consolidate around it, also rejection for 1.266's may happen here or from 1.28xx
its going to 1.29, even 1.30

forget your 1.2660 or 1.2570 or 1.23

you're not going to see that for a long time
Make money by doing the opposite of Giveachance aka loser
  • #537,084
  • Jul 21, 2020 9:45am Jul 21, 2020 9:45am
Quoting Georginson
Do not let anyone lure you into buying this pair... Caution and discretion. At the end of a trend, there is usual aggression. Look at retracement anywhere here 1.2720/1.2770 area.
you have been saying that since 1.25
in wondering about yourself, you forgot what you came here to be part of
  • #537,085
  • Jul 21, 2020 9:47am Jul 21, 2020 9:47am
Quoting knkie
{quote} you have been saying that since 1.25
He will keep saying it even if we go to 1.30
Make money by doing the opposite of Giveachance aka loser
  • #537,086
  • Jul 21, 2020 9:50am Jul 21, 2020 9:50am
After this candle we may get a little retrace when it touches the trend line but overall seems buy
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  • #537,087
  • Jul 21, 2020 9:50am Jul 21, 2020 9:50am
Quoting knkie
{quote} you have been saying that since 1.25
His been saying it from the beginning of the month in his defense. And also backs his analysis with history, and in this game history always has a way of repeating itself.
I trade my own information and follow my own methods.
  • #537,088
  • Jul 21, 2020 9:52am Jul 21, 2020 9:52am
1.27700 might be the area to short for some pips , i dont see a very strong retrace
  • #537,089
  • Jul 21, 2020 9:52am Jul 21, 2020 9:52am
Quoting Theoak
long in at 1.2719 target 20 pips sl 10 pips
Out + 20 pips
Don't trade what you think. Just what you see!!!
  • #537,090
  • Jul 21, 2020 9:53am Jul 21, 2020 9:53am
Quoting nessus94
{quote} its going to 1.29, even 1.30 forget your 1.2660 or 1.2570 or 1.23 you're not going to see that for a long time
These lower levels are part of the bull swing towards 1.3x, which is part of a bigger bear swing towards the parity - both need to be confirmed, so its not the time to trade them yet.
Extensive bullishness at this point beyond 1.28 would make me brush off 1.3 bull swing and look for bearish cicle comming sooner..
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  • #537,091
  • Jul 21, 2020 9:55am Jul 21, 2020 9:55am
Do not short this pair Guys. the time is not yet right

just wait for it to come to you.
  • #537,092
  • Jul 21, 2020 9:55am Jul 21, 2020 9:55am
When the robots hit 80-92 percent area price usually defies logic. Everything on the chart will be screaming to join the majority, and you can. Just have the money to stay in when it spikes. Usually around 91-93%. They have a nifty app as well. With alerts on the percentages. Google is your friend.

Attached Image (click to enlarge)
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Don't compare your trades to others. Most often the masses are the asses
  • #537,093
  • Jul 21, 2020 9:55am Jul 21, 2020 9:55am
Quoting Likerty
{quote} These lower levels are part of the bull swing towards 1.3x, which is part of a bigger bear swing towards the parity - both need to be confirmed, so its not the time to trade them yet. Extensive bullishness at this point beyond 1.28 would make me brush off 1.3 bull swing and look for bearish cicle comming sooner..
In other words, above 1.28 its time to short for bear attack until parity?
Make money by doing the opposite of Giveachance aka loser
  • #537,094
  • Jul 21, 2020 10:03am Jul 21, 2020 10:03am
eu is close to resistance
Attached Image(s) (click to enlarge)
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yes yes yes
  • #537,095
  • Jul 21, 2020 10:04am Jul 21, 2020 10:04am
Short at 1.2752, SL at 1.28, TP 1.24xx
Lost....
  • #537,096
  • Jul 21, 2020 10:05am Jul 21, 2020 10:05am
another day to cleanse the account.

In one direction... most of retailers will be wrong.
Intraday only.
  • #537,097
  • Jul 21, 2020 10:05am Jul 21, 2020 10:05am
Quoting knkie
{quote} you have been saying that since 1.25
he will be the reason many people will loss their account today and God will never forgive him
  • #537,098
  • Jul 21, 2020 10:05am Jul 21, 2020 10:05am
Quoting gespiri
Short at 1.2752, SL at 1.28, TP 1.24xx
Nice entry, all my sell entries triggered @ 1.2750

Trade Safe.
Guz
Charts don't drive price, market conditions drive price...
  • #537,099
  • Jul 21, 2020 10:07am Jul 21, 2020 10:07am
Personally think we need a retrace to test previous resistance turned support of 1.2650-1.2670 area. Which also coincides with weekly R1.
  • #537,100
  • Jul 21, 2020 10:08am Jul 21, 2020 10:08am
Quoting nessus94
{quote} In other words, above 1.28 its time to short for bear attack until parity?
bear to parity maybe next year or whatever - its too yearly for that, but bull swing for 1.3x developing in a certain way would lay ground for upcomming big bear. For now I'm looking for a small bear, which is part of that 1.3 bull.
Yes, rejection at 1.275/1.28 would be part of the whole thing
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