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Cable Update (GBPUSD)

  • #661,161
  • May 30, 2022 11:58am May 30, 2022 11:58am
Quoting Mitiblotch
If price closes tomorrow above 2719 it means the month was bullish and may just mean that the downtrend is over for now. And then that means that June's pivot will be below 2719, which also would lead to price testing it and then rocketing upwards. Time to watch this sneaky price and not miss out on this bull run. It appears price wants to do something funny.
Well yes, my June monthly pivot currently at 1.24896. Will have to trade accordingly as the month progresses.
Cheers.
Trade to trade another day
  • #661,162
  • May 30, 2022 1:30pm May 30, 2022 1:30pm
Nzdchf long
sl 0.62567
tp 0.63685
40 pips
My telegram: https://t.me/avidforex
  • #661,163
  • May 30, 2022 1:45pm May 30, 2022 1:45pm
Long at 12654 Will tp around 127 overnight
Insane in the Brain..
  • #661,164
  • Edited 2:37pm May 30, 2022 2:13pm | Edited 2:37pm
Quoting BeeTogether
Long at 12654 Will tp around 127 overnight
The 1hr pennant has broken to the upside (yellow line and yellow dashed line) and price is now knocking on the door of the prev 1hr/4hr sw hi zone to 2666 = prev res = pot res. G/L with your trade, the probability is with you for an upside break of 2666 at some point surely? I hope it does so before your stop.
--------------------------------------------------------

Can the bulls absorb the residual supply leading to 2666?

1hr below.
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Trader with an Edge.
  • #661,165
  • May 30, 2022 3:14pm May 30, 2022 3:14pm
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  • #661,166
  • May 30, 2022 6:01pm May 30, 2022 6:01pm
Quoting Headland
{quote} The 1hr pennant has broken to the upside (yellow line and yellow dashed line) and price is now knocking on the door of the prev 1hr/4hr sw hi zone to 2666 = prev res = pot res. G/L with your trade, the probability is with you for an upside break of 2666 at some point surely? I hope it does so before your stop. -------------------------------------------------------- Can the bulls absorb the residual supply leading to 2666? 1hr below. {image}
Cheers,

so far the bulls have struggled to get over 12660 a break above 12670 could provide the lift it needs
Insane in the Brain..
  • #661,167
  • May 30, 2022 6:54pm May 30, 2022 6:54pm
More rising pennant. Still on the sidelines waiting for news to get the action happening.
I'm projecting a break higher before a drop, bear trap, and reverse to continued topside... but I have no idea until I see it.
  • #661,168
  • May 30, 2022 7:48pm May 30, 2022 7:48pm
test the long here
Emotional Control. Process, not outcome.
  • #661,169
  • May 30, 2022 7:54pm May 30, 2022 7:54pm
Quoting BeeTogether
{quote} Cheers, so far the bulls have struggled to get over 12660 a break above 12670 could provide the lift it needs
yes, it needs to get above 2665.

Probably will break above today.

IMO
Intraday only.
  • #661,170
  • May 30, 2022 8:29pm May 30, 2022 8:29pm
Or it could just go into that bear trap right now...
Keeping an eye on 1.255
  • #661,171
  • May 30, 2022 8:42pm May 30, 2022 8:42pm
2597/90 is max low today.

Iam buying now.
Intraday only.
  • #661,172
  • May 30, 2022 9:54pm May 30, 2022 9:54pm
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yes yes yes
  • #661,173
  • May 30, 2022 10:32pm May 30, 2022 10:32pm
Quoting navk
2597/90 is max low today. Iam buying now.
This is wild guess my friend.
like Asian session will take the price to 2700/2720

We are going down.
i will wait at least to 1.2553
  • #661,174
  • May 30, 2022 11:11pm May 30, 2022 11:11pm
Quoting Whale
{quote} This is wild guess my friend. like Asian session will take the price to 2700/2720 We are going down. i will wait at least to 1.2553
Possible.

Yeah deeper retrace possible.

I am keeping an eye on Moti chart for booking profits in Longs
Intraday only.
  • #661,175
  • Edited May 31, 2022 12:19am May 30, 2022 11:54pm | Edited May 31, 2022 12:19am
Quoting Whale
{quote} This is wild guess my friend. like Asian session will take the price to 2700/2720 We are going down. i will wait at least to 1.2553
yes, price my be going down.

Today.

A pull back close to daily pivot until London open.

Then a sell off ?

Condition : 2600 MUST break for sell off.
Intraday only.
  • #661,176
  • May 30, 2022 11:57pm May 30, 2022 11:57pm
Quoting Moty
Dx found support {image}
The crooks never sleep
They stop hunt and go up
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yes yes yes
  • #661,177
  • May 31, 2022 12:05am May 31, 2022 12:05am
Quoting Moty
{quote} The crooks never sleep They stop hunt and go up {image}
Moty,

For my longs, stop is 2600.
Intraday only.
  • #661,178
  • May 31, 2022 12:06am May 31, 2022 12:06am
Quoting kris89
exit my sell @ first swing repel . will see what will price wanna do in these 2 day during monthly close , what will the candle do bull or bear or even doji ? still i`m not seeking long in these monthly close , ill see the price do in these 2 day its short for me more higher or last high if price manage to break Asian high , get ready to pump hard
old folk price ,today will the next hint
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #661,179
  • May 31, 2022 12:34am May 31, 2022 12:34am
Now shorts closed in net profit. Left only this from 2647 with SL in +2. We are below the daily pivot and S1. Hopefully they dump this thing into then trash can!

My famous purple line is still working and last night I posted a chart showing lots of volume around this area. Which ever area it finally moves to will have the force with it.
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  • #661,180
  • May 31, 2022 12:36am May 31, 2022 12:36am
Last day od month, can be anything but one mission for bears, make that monthly red, trade safe
People don't plan to lose. They lose because they don't plan.
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