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Cable Update (GBPUSD)

  • #551,181
  • Oct 4, 2020 3:38pm Oct 4, 2020 3:38pm
Here's my take on GBPUSD. On the daily time frame, price action has broken down the 1.30420 previous horizontal support (magenta) and it is presently retesting it for a possible role flip. This would result in a southward turnaround for a bearish continuation.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #551,182
  • Oct 4, 2020 4:12pm Oct 4, 2020 4:12pm
Quoting KeenPips
Here's my take on GBPUSD. On the daily time frame, price action has broken down the 1.30420 previous horizontal support (magenta) and it is presently retesting it for a possible role flip. This would result in a southward turnaround for a bearish continuation. I may be wrong. Trade safe and prosper. KP {image}
getting long to test that R buddy
  • #551,183
  • Oct 4, 2020 4:14pm Oct 4, 2020 4:14pm
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  • #551,184
  • Oct 4, 2020 4:37pm Oct 4, 2020 4:37pm
Quoting OnlineAddict
{quote} Or only foxes and no chicken to eat...

hahah!
Honestly, that was my first thought that did cross my mind, but was afraid of being misunderstood and called antisemitist, something I am not...
Maadik Hugiis. IQ 69.
  • #551,185
  • Oct 4, 2020 4:46pm Oct 4, 2020 4:46pm
Quoting trumps
{quote} I have found it's common for gaps to go away or significantly reduce by the time the Asian session opens
And at times, gaps the other way
Compulsions can be hard to resist
  • #551,186
  • Oct 4, 2020 5:01pm Oct 4, 2020 5:01pm
all out !!!!
took the loss , 200 $
waiting for london open
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yes yes yes
  • #551,187
  • Oct 4, 2020 9:05pm Oct 4, 2020 9:05pm
no need to wait for lo , took long
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yes yes yes
  • #551,188
  • Oct 4, 2020 9:26pm Oct 4, 2020 9:26pm
shorted GU now.

stop 2955.

2955 IS HOURLY RESISTANCE TO ME.



For intraday only IMO
Intraday only.
  • #551,189
  • Oct 4, 2020 9:38pm Oct 4, 2020 9:38pm
Quoting Moty
all out !!!! took the loss , 200 $ waiting for london open {image}
moty, it is usual to test the high or low of previous day before the PA decides which way it wants to go.

To me, it goes down now at 2955.

if this level breaks after frankfurt / London open to short.

OR

At R1
Intraday only.
  • #551,190
  • Oct 4, 2020 11:28pm Oct 4, 2020 11:28pm
good morning.. all i want is buy gu, but need to be patience im sure i can buy it cheaper.
  • #551,191
  • Oct 5, 2020 12:11am Oct 5, 2020 12:11am
2935 and below is sell area today.

Resistance at 2955.

Fall below daily pivot and S1 may be buy area.

But I need to see what the PA does that time.
Intraday only.
  • #551,192
  • Oct 5, 2020 12:13am Oct 5, 2020 12:13am
M5
Solled @ 1.29343

atb vvm
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PA Trading with EMAs & common Sense
  • #551,193
  • Oct 5, 2020 12:36am Oct 5, 2020 12:36am
I've been long for over a week. I wonder when the next swing lower is coming to take me out. The green line is my average position.

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I have no clue where it's going
  • #551,194
  • Oct 5, 2020 1:04am Oct 5, 2020 1:04am
Monday's are usually one sided, the rejection at 2950 resistance price could see the markit moving downwards. Trade safe
Keep the Lights on then you can catch the rise from the dark.
  • #551,195
  • Oct 5, 2020 1:16am Oct 5, 2020 1:16am
Up up and away from here
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yes yes yes
  • #551,196
  • Oct 5, 2020 1:48am Oct 5, 2020 1:48am
M5
2 PendingOrders near BullishIB @ Res

atb vvm
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PA Trading with EMAs & common Sense
  • #551,197
  • Oct 5, 2020 1:51am Oct 5, 2020 1:51am
i booked my profits in short trades. Now, the price will again go close to high for me to short.

IMO.
Intraday only.
  • #551,198
  • Oct 5, 2020 1:55am Oct 5, 2020 1:55am
I keep my long from last week, very relaxed about that. For those looking for an entry 1.29 1.2910 is very nice. For those looking for perfect entry it is 1.2850. It is where you sell your home and buy GU)
  • #551,199
  • Oct 5, 2020 2:02am Oct 5, 2020 2:02am
Good Morning!
The pound moves nicely today. Isn't it?

GBPUSD October in the Spotlight
Risk Management is of utmost importance!
  • #551,200
  • Oct 5, 2020 2:03am Oct 5, 2020 2:03am
enter my first long @ 1.2907
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