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Cable Update (GBPUSD)

  • #659,281
  • May 17, 2022 4:08am May 17, 2022 4:08am
Quoting ICouldBWrong
Wouldn't be shocked to see a bit of a sell off after this bull run right around the close/open of a new 4 hour candle coming in about 10 minutes. Obviously no guarantees. But it's been known to happen. Just something to keep an eye on.
Or maybe not. This bull is still fairly strong at the moment. Keeping an eye on it..
  • #659,282
  • Edited 4:30am May 17, 2022 4:09am | Edited 4:30am
Took a smallish short on gbp/cad with a tight stop. Looks like it's at the top of a potential range and in a supply zone area.

Edit: Out for now. Will continue watching for potential entries.

Edit 2: Back in.
  • #659,283
  • May 17, 2022 4:20am May 17, 2022 4:20am
Gbpjpy I believe is still currently in an up trend
  • #659,284
  • May 17, 2022 4:21am May 17, 2022 4:21am
Quoting Nd10
{quote} And when you see a heavy downward movement?
I don’t at the moment… problem is I entered short on a upthrust a few months ago and it took me right out. I suppose once bitten twice shy. My next entry will be once any major movement slows down.
Insane in the Brain..
  • #659,285
  • May 17, 2022 4:27am May 17, 2022 4:27am
1.247xx sell


tp = 1.23888
  • #659,286
  • May 17, 2022 4:31am May 17, 2022 4:31am
i was waiting for this
Attached Image(s) (click to enlarge)
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  • #659,287
  • May 17, 2022 4:32am May 17, 2022 4:32am
Closed gbpjpy long and am short Gbpusd tp 1.24
  • #659,288
  • May 17, 2022 4:32am May 17, 2022 4:32am
Quoting pipibrasci
Short/Mid term Price objective (1.2600 - 1.2620) Retracements along the way.. as momentum kicks in.. GBPUSD/USDGBP {image} {image}
Revised chart. UPDATE

1.2450 taken out...1.2490
Attached Image (click to enlarge)
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Grit; Knowledge; Right Mindset; All you need to overcome. KIS!
  • #659,289
  • May 17, 2022 4:34am May 17, 2022 4:34am
As far as price stays above 1.2234, the bulls have no reason to bother. Now I'm planning to buy from 1.2360 and 1.2280 area...
Data + Stat + Risk/Emotions Management
  • #659,290
  • May 17, 2022 4:40am May 17, 2022 4:40am
Attached Image (click to enlarge)
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yes yes yes
  • #659,291
  • May 17, 2022 4:42am May 17, 2022 4:42am
SELL


TP = 1.22888
Attached Image (click to enlarge)
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  • #659,292
  • May 17, 2022 4:45am May 17, 2022 4:45am
trailing sl booked it
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 16 KB
  • #659,293
  • May 17, 2022 4:49am May 17, 2022 4:49am
Waited and waited for the end of the up. Gone short at 13460 SL at 135 tp 134
Insane in the Brain..
  • #659,294
  • May 17, 2022 4:53am May 17, 2022 4:53am
Quoting xFDS
Still bearish in Gu, but it might reverse. Hopefully we will get some good lower timeframe confimation tomorrow.
Reversed. Now we need to see, if it is willing to continue lower.
  • #659,295
  • May 17, 2022 4:58am May 17, 2022 4:58am
Closed Gbpusd short
  • #659,296
  • May 17, 2022 5:03am May 17, 2022 5:03am
Currently long cadchf entry 0.77784
  • #659,297
  • May 17, 2022 5:04am May 17, 2022 5:04am
Gbpusd long again
  • #659,298
  • Edited 6:18am May 17, 2022 5:05am | Edited 6:18am
Quoting ICouldBWrong
Wouldn't be shocked to see a bit of a sell off after this bull run right around the close/open of a new 4 hour candle coming in about 10 minutes. Obviously no guarantees. But it's been known to happen. Just something to keep an eye on.
Well I was partially right lol. Pull back just came about 20 minutes later than expected. Now that the hour has turned, I think it's more likely the bulls come back in for now. However, if price goes below most recent hourly low, I might consider looking for short setups.
  • #659,299
  • May 17, 2022 5:11am May 17, 2022 5:11am
failure to touch 1.20 in Q3 meaning we should see 1.30 and 1.35 indicating the downtrend is likely to resume from 1.40. early next year its just a principle of round number

Q2 need to remain above 1.25 to achieve 1.30 in Q3

thats my view
MY OPINION NOT FINANCIAL ADVISE
  • #659,300
  • Edited 7:16am May 17, 2022 5:14am | Edited 7:16am
Quoting RaHaG0D
Maybe!!! {image}
Update = Maybe again!!!
In 4H (High) formed above the previous (Low) & broke (Low) (1.2411) with force
Attached Image (click to enlarge)
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