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Cable Update (GBPUSD)

  • #661,961
  • Jun 5, 2022 1:38pm Jun 5, 2022 1:38pm
GBPUSD price action on the daily timeframe is a bullish retracement of a bearish swing but presently sideways. Although technicals favour bears, we cannot rule out further northward move before a southward continuation.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #661,962
  • Jun 5, 2022 1:43pm Jun 5, 2022 1:43pm
Quoting Jolita
{quote} Confused.. hmmm, could be any out of three really. Bullish gartley was my choice last week, this week my view changed and will choose bearish gartley as. UK banks are back after long holiday weekend with positive vibes. Bullish Bat also a posibility. Should look for more visual clues. Thanks
i dont trade harmonics but gu completed a bearish shark pattern on may 27
  • #661,963
  • Jun 5, 2022 6:16pm Jun 5, 2022 6:16pm
I think the ceiling was put in at 1.263
I only forsee further downside.
No good setup that I would want to trade at the moment though. This price level is a bit of a ranging mess.
  • #661,964
  • Edited 6:50pm Jun 5, 2022 6:29pm | Edited 6:50pm
To me, 2480 to 2500 and then up..
Failure at 2480/75...more down.
Intraday only.
  • #661,965
  • Jun 5, 2022 6:52pm Jun 5, 2022 6:52pm
Quoting navk
To me, 2480 to 2500 and then up.. Failure at 2480/75...more down.
nice analyze as always nav

failure more down next pit stop @1.2370
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #661,966
  • Jun 5, 2022 7:02pm Jun 5, 2022 7:02pm
Quoting kris89
{quote} nice analyze as always nav failure more down next pit stop @1.2370
My bias is bullish above 2480/75.
I am long with stop at 2475
Intraday only.
  • #661,967
  • Jun 5, 2022 7:04pm Jun 5, 2022 7:04pm
I would like to SELL if a Pin or Engulfing setup forms near the circle.
We'll see.
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  • #661,968
  • Jun 5, 2022 7:57pm Jun 5, 2022 7:57pm
Quoting navk
{quote} My bias is bullish above 2480/75. I am long with stop at 2475
i getted ramped by yesterday drop , sl hitted with loss . will take back in these week >.<
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #661,969
  • Jun 5, 2022 8:20pm Jun 5, 2022 8:20pm


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  • #661,970
  • Jun 5, 2022 10:23pm Jun 5, 2022 10:23pm
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yes yes yes
  • #661,971
  • Jun 5, 2022 11:04pm Jun 5, 2022 11:04pm
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yes yes yes
  • #661,972
  • Jun 5, 2022 11:08pm Jun 5, 2022 11:08pm
same as before , limit 2520/ may highest 2546 , range down 2477 to decide ,breaks 2477 and hold may start for for target 2300/2248. lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #661,973
  • Jun 5, 2022 11:46pm Jun 5, 2022 11:46pm
Buy Profit Locked.
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Intraday Trading is an Art _ hoda
  • #661,974
  • Jun 5, 2022 11:47pm Jun 5, 2022 11:47pm
Gbpusd trend is up
  • #661,975
  • Jun 5, 2022 11:48pm Jun 5, 2022 11:48pm
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #661,976
  • Jun 5, 2022 11:53pm Jun 5, 2022 11:53pm
Closed my long. I was incorrect in my analysis and am shorting
  • #661,977
  • Jun 5, 2022 11:54pm Jun 5, 2022 11:54pm
Dont get caught its a pull back testing last resistance then heading down......
average dude treading water
  • #661,978
  • Jun 5, 2022 11:54pm Jun 5, 2022 11:54pm
Quoting Wavegarrick
{quote} Anyway, the above trade was closed for 50 pips profit. Here's the thing for me Folks. From a daily perspective I am getting buy confirmation signals with daily higher lows being formed, and until this sequence is broken I will go for buy trades. I am in with another buy trade and 50 pip s/loss. Trading has been quite difficult this week with lots of uncertainty and rangy conditions. My stop losses are important and if taken out I move on, and for the doubters, no sweat for me. If I have a losing week or even month I know that it is just...
All trades locked (b/e + 5). My weekly pivot at 1.25337. Will price reverse from there?. We shall see.
Have a great week.
Cheers.
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Trade to trade another day
  • #661,979
  • Jun 5, 2022 11:56pm Jun 5, 2022 11:56pm
Crap my shorts hit a SL . Back to shorting looking for the low 124 area
Insane in the Brain..
  • #661,980
  • Jun 5, 2022 11:59pm Jun 5, 2022 11:59pm
Yes yes yes !!!!
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yes yes yes
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