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Cable Update (GBPUSD)

  • #538,421
  • Jul 27, 2020 4:11am Jul 27, 2020 4:11am
Quoting trumps
{quote} Or it might just say, "you know what, retesting last month's high is all the springboard I need"
1hr bullish hammer with good confirmation.
Compulsions can be hard to resist
  • #538,422
  • Jul 27, 2020 4:11am Jul 27, 2020 4:11am
This keeps knocking on that level 5m. Pretty soon, that door's gonna open......
Attached Image (click to enlarge)
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Lost....
  • #538,423
  • Jul 27, 2020 4:20am Jul 27, 2020 4:20am
Quoting gespiri
This keeps knocking on that level 5m. Pretty soon, that door's gonna open...... {image}
time will tell, good scalp incoming
  • #538,424
  • Jul 27, 2020 4:30am Jul 27, 2020 4:30am
Quoting elbert3
{image}{quote} I have 2 shors and 1 bigger lot long. Just watching 5 min as it’s wanting to go up again off the 200 short taken gain stops fo me is on the last 2 wicks on the line
I looked at a double top formation January 2018 (1.4344) and April 2018 (1.4375). This leg is coming from 1.2250 (June low) - 1.2857 (July high so far) is 607 pips, expecting at least 300 pips retracement to 1.2570 even if price attacks 1.2870/1.2890 level.

1.2073 (May low) - 1.2812 (June high) 739 pips ... With 562 pips retracement to 1.2250 .
Data + Stat + Risk/Emotions Management
  • #538,425
  • Jul 27, 2020 5:00am Jul 27, 2020 5:00am
Attached Image (click to enlarge)
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have to go with the rule
  • #538,426
  • Edited 5:48am Jul 27, 2020 5:01am | Edited 5:48am
Finding support at recent resistance
long 1.2844
Two target first - 1.2850
second - 1.28 60

st at 1.2830

Winner money off the table
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2020-07-27 105713.png Size: 38 KB
Don't trade what you think. Just what you see!!!
  • #538,427
  • Jul 27, 2020 5:13am Jul 27, 2020 5:13am
Sellers please observe PA before entering into any position. The previous 4hr candle does not show any short readiness. So approach with exterme caution.

I maybe wrong.
Le$$ I$ More
  • #538,428
  • Edited 5:26am Jul 27, 2020 5:14am | Edited 5:26am
down down and below
Attached Image(s) (click to enlarge)
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yes yes yes
  • #538,429
  • Jul 27, 2020 5:23am Jul 27, 2020 5:23am
above 1.30 end of the week, maybe to 1.32
Make money by doing the opposite of Giveachance aka loser
  • #538,430
  • Jul 27, 2020 5:26am Jul 27, 2020 5:26am
Your not change that monthly, sellers should be careful the weekly opened bullish, no way would I short it without some good reason
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #538,431
  • Jul 27, 2020 5:28am Jul 27, 2020 5:28am
buy more on top 1.2860 for 1.29+
Make money by doing the opposite of Giveachance aka loser
  • #538,432
  • Jul 27, 2020 5:29am Jul 27, 2020 5:29am
Quoting Moty
down down and below {image} {image}
Time to go with the flow Moty
Compulsions can be hard to resist
  • #538,433
  • Jul 27, 2020 5:31am Jul 27, 2020 5:31am
Quoting Moty
down down and below {image} {image}
It just break 2813 ,
and price cant stay below it buddy
i thought you like to trade breakout?
why you not switching buy at near 2800
PA Return Today: na
  • #538,434
  • Edited 5:48am Jul 27, 2020 5:31am | Edited 5:48am
you need a daily to call it, but it will be a retrace-in this month.

Quoting Bones
what we got is super wick to downside Then no to down no to down inverted pattern long wick up bullish open this month off a major level ,it could be confirmation ,I give an 80% chance of this ,which I'm making up from experience. It is under under a falling tl and in a box for bears favour ,which is G's true power in his swing prediction, So 80% is the percentage I give for this candle too be blue with no lower wick before it close, probable confirmation is seen today, for medium term direction. {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Monthly212.png Size: 40 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #538,435
  • Jul 27, 2020 5:35am Jul 27, 2020 5:35am
Quoting akim0895
2890
need more...
just for a cup of coffee...
  • #538,436
  • Jul 27, 2020 5:48am Jul 27, 2020 5:48am
1.29 within sight..
  • #538,437
  • Jul 27, 2020 5:51am Jul 27, 2020 5:51am
Quoting morfes2
{quote} https://youtu.be/Nb4I7TNB9E0
Inserted Video
  • #538,438
  • Jul 27, 2020 5:52am Jul 27, 2020 5:52am
Advice to traders..just wait to short around 1.2910 and forget..for a run down to 1.2730-60 is imminent..no 1.30 no BS.
ONLY a base above 1.2910 on weekly that is also the monthly close will terminate this view.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #538,439
  • Jul 27, 2020 5:52am Jul 27, 2020 5:52am
Quoting Bones
you need a daily to call it, but it will be a retrace-in this month. {quote} {image}
Mr. Bones
Le$$ I$ More
  • #538,440
  • Jul 27, 2020 5:55am Jul 27, 2020 5:55am
sidelined for the rest of the week......
last recent drop was after 10 days of bullish (28 may till 10 june)...the current PA had been bulliah for 8 days...

good luck everyone
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