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Cable Update (GBPUSD)

  • #538,621
  • Jul 27, 2020 11:43pm Jul 27, 2020 11:43pm
just for a cup of coffee...
  • #538,622
  • Jul 27, 2020 11:48pm Jul 27, 2020 11:48pm
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yes yes yes
  • #538,623
  • Jul 28, 2020 12:06am Jul 28, 2020 12:06am
I think the longer t/f bears firstly have to get back inside the top of the breeched daily asc channel and then break to the downside through the pot 4hr/dly rbs 2813-2750 being a prev 4hr/dly and wkly sw hi zone = prev res = pot supp, before they can likely start to worry less. Dly is below. If this doesn't happen prior to U.s fed's Fomc and U.s Q2 Gdp # later in the week, - as I posted y/day - this may well kill them or save them.
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Trader with an Edge.
  • #538,624
  • Jul 28, 2020 12:06am Jul 28, 2020 12:06am
this could take a while to find direction again

ttyl
in wondering about yourself, you forgot what you came here to be part of
  • #538,625
  • Jul 28, 2020 12:09am Jul 28, 2020 12:09am
GU need to breathe before FOMC
  • #538,626
  • Jul 28, 2020 12:11am Jul 28, 2020 12:11am
Quoting knkie
this could take a while to find direction again ttyl
Id like to think we already have a direction.. Just need some Volatility..

Today’s bull will be so hyper like it had sugar for dinner

SS
  • #538,627
  • Jul 28, 2020 12:22am Jul 28, 2020 12:22am
... speaking of volatility - these U.s Q2 gdp forecasts are dire...-30% (+) and the atlanta fed reckon -52% so who knows....likely to see a strong knee-jerk sell $ reaction on anything above that - mid 30's particularly if - 40 (+.) Compare and contrast to Eu Q2 gdp # on Friday and forecasts are for -12% contraction... And the fomc weds 7pm London time - well again who knows, but any mention of yield curve tightening and negative rates and a likely knee-jerk $ sell-off.
Trader with an Edge.
  • #538,628
  • Jul 28, 2020 12:23am Jul 28, 2020 12:23am
Quoting JayBag
{quote} Id like to think we already have a direction.. Just need some Volatility.. Today’s bull will be so hyper like it had sugar for dinner SS
hey Jay
id agree the overall direction is upward but H1 & m30 need to come back into the fold.
once these frames show there hand traders will flow in again creating momentum.
in wondering about yourself, you forgot what you came here to be part of
  • #538,629
  • Jul 28, 2020 12:24am Jul 28, 2020 12:24am
A pull back towards 2830/20 is needed for a long to test 2928 or 2956 today.
Intraday only.
  • #538,630
  • Jul 28, 2020 12:27am Jul 28, 2020 12:27am
Quoting navk
A pull back towards 2830/20 is needed for a long to test 2928 or 2956 today.
or vice versa.

The pullback already happened late Asia.
Patience and Discipline.
  • #538,631
  • Jul 28, 2020 12:29am Jul 28, 2020 12:29am
Quoting navk
A pull back towards 2830/20 is needed for a long to test 2928 or 2956 today.
IMO it will go little more down , to 1.28018 area
Attached Image (click to enlarge)
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yes yes yes
  • #538,632
  • Jul 28, 2020 12:30am Jul 28, 2020 12:30am
Quoting Stefan90csk
{quote} or vice versa. The pullback already happened late Asia.
IMO, 2928 is to be tested minimum, for a meaningful pull back.

Asian pullbacks have no values.
Intraday only.
  • #538,633
  • Jul 28, 2020 12:32am Jul 28, 2020 12:32am
Quoting Moty
{quote} IMO it will go little more down , to 1.28018 area
let us see.

If ADR is calculated, then 2820 to 2927.2956.

If high is already done today, then your number... 2800
Intraday only.
  • #538,634
  • Jul 28, 2020 12:38am Jul 28, 2020 12:38am
...that 1st 1hr ppa mentioned earlier did for it lol ! - reg bearish div to 5min and bearish hidden div on 10min there the signal.
Trader with an Edge.
  • #538,635
  • Jul 28, 2020 12:39am Jul 28, 2020 12:39am
2824 is my line in the sand to keep the up move in tact
in wondering about yourself, you forgot what you came here to be part of
  • #538,636
  • Jul 28, 2020 12:41am Jul 28, 2020 12:41am
Quoting elbert3
I would like to think 2844 would find orders . Unfortunately it could be both ways . But if so will there be more sellers than buyers
Ok we have arrived 5 min chart had a breakout and a confirm to the high side which is a great 2 nd entry
  • #538,637
  • Jul 28, 2020 12:42am Jul 28, 2020 12:42am
I still see 1.2760-70 is the first station down...and further extension to 1.2680 is less probable.
  • #538,638
  • Jul 28, 2020 12:43am Jul 28, 2020 12:43am
Quoting elbert3
{quote} Ok we have arrived 5 min chart had a breakout and a confirm to the high side which is a great 2 nd entry
Attached Image (click to enlarge)
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last nights 2 nd entry confirm to the high
  • #538,639
  • Jul 28, 2020 12:45am Jul 28, 2020 12:45am
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looking for a third one .. easy to see as we zoooom out
  • #538,640
  • Jul 28, 2020 12:47am Jul 28, 2020 12:47am
Sell the market and go away ...
not euphoria follower
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