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Cable Update (GBPUSD)

  • #537,341
  • Jul 22, 2020 3:18am Jul 22, 2020 3:18am
Quoting msniper
GBPUSD targeting 1.2625 so just wait for it to make new high and find good spot to short. perhaps 1.2760 could be a good spot
i am out of my short with 100pips

still expect it to go lower but too risky for me. as buyers can hit any moment
  • #537,342
  • Jul 22, 2020 3:20am Jul 22, 2020 3:20am
Just as soon as Goegeson closed his shorts.........
Patience.....
  • #537,343
  • Jul 22, 2020 3:31am Jul 22, 2020 3:31am
I think this will range from here but hopefully close today at this level. The daily candle will tell the real story and so far it is pointing south.
Lost....
  • #537,344
  • Jul 22, 2020 3:32am Jul 22, 2020 3:32am
Short 1.2654 target 10 pips
Don't trade what you think. Just what you see!!!
  • #537,345
  • Jul 22, 2020 3:34am Jul 22, 2020 3:34am
The technical outlook has not completely voided bulls but the bullish momentum has declined. Check your daily tf. Nevertheless, unless you are scalping, it is advisable to wait until a break of structure on the H4 tf.

KP

Quoting Fredo219
Just as soon as Goegeson closed his shorts.........
Do your homework, follow the footprints of smart money
  • #537,346
  • Jul 22, 2020 3:35am Jul 22, 2020 3:35am
Looks like 1.26 coming into view (or 1.2597 ).
Compulsions can be hard to resist
  • #537,347
  • Jul 22, 2020 3:37am Jul 22, 2020 3:37am
Attached Image (click to enlarge)
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  • #537,348
  • Jul 22, 2020 3:37am Jul 22, 2020 3:37am
Just my thoughts, I may be wrong. Safe trading everyone
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  • #537,349
  • Jul 22, 2020 3:37am Jul 22, 2020 3:37am
Quoting ChiForex
{quote} We are already here..Now for this daily candle retrace to 1.2670 support is on table while a deeper one to 1.2610s seems the utmost..on upper side a bounce back to around 1.2750 seems the utmost
Easy and simple
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #537,350
  • Jul 22, 2020 3:39am Jul 22, 2020 3:39am
Quoting gespiri
Short at 1.2752, SL at 1.28, TP 1.24xx
Out at 1.265......will wait for a pull back around 1.2695 to re-enter today or tomorrow.....
Lost....
  • #537,351
  • Jul 22, 2020 3:40am Jul 22, 2020 3:40am
Quoting msniper
{quote} i am out of my short with 100pips still expect it to go lower but too risky for me. as buyers can hit any moment
1.26380 is a very cautious level for me, that was a good exit.
Charts don't drive price, market conditions drive price...
  • #537,352
  • Jul 22, 2020 3:40am Jul 22, 2020 3:40am
I see this current 4 hour candle close and new candle open as possible indicator for today's low @1.2630s.
Lets see...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #537,353
  • Jul 22, 2020 3:45am Jul 22, 2020 3:45am
Quoting Guztro
{quote} 1.26380 is a very cautious level for me, that was a good exit.
Incidentally, that level is also the lower BB on 4hr....
Better dead than red, as we say in the military back then.
Lost....
  • #537,354
  • Jul 22, 2020 3:45am Jul 22, 2020 3:45am
USDX may Top around 95.40
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #537,355
  • Jul 22, 2020 3:48am Jul 22, 2020 3:48am
Watch out the potential summer equity sell off, which could lead to dollar buying as safe haven, bring eu and gu down
At this point, selling dollar for swing trade is risky, for scalps its always good

+ check the copper move, inverted correlation with the dollar.
Copper producers are very shorts...
COT: The precious data ignored
  • #537,356
  • Jul 22, 2020 3:48am Jul 22, 2020 3:48am
Please consider taking a look at my Daily Market Update.
I provide trading ideas with potential stops and targets.

DXY starts at 0:03.
GBP/USD starts at 10:19.

I upload weekly analysis every Sunday and daily analysis from TUE to FRI.

Inserted Video
  • #537,357
  • Jul 22, 2020 3:53am Jul 22, 2020 3:53am
long gu 1.2650
super scalp will big profit
  • #537,358
  • Jul 22, 2020 3:55am Jul 22, 2020 3:55am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #537,359
  • Jul 22, 2020 3:55am Jul 22, 2020 3:55am
Quoting kukuforex
long gu 1.2650
h4 almost complete, wise to see wat happen
  • #537,360
  • Jul 22, 2020 3:55am Jul 22, 2020 3:55am
Respect to everyone in the house
Gbpusd now testing around 1.2650 (previous day low)
Perhaps is the time for reversal perhaps not
Just waiting for the confirmation candle in 15mtf
Just my 2 cent.
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