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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

masudsardar Apr 9, 2019 10:39pm | Post# 476141

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GBP/USD

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Trade Recommendations:

Any bullish pullback towards 1.3160 should be considered for another SELL entry. TP levels to be located around 1.3020 then 1.2950 - 1.2920.


*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

collected



Moty Apr 9, 2019 11:49pm | Post# 476142

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Mrcl Apr 10, 2019 12:59am | Post# 476143

GBP/USD {image} Trade Recommendations: Any bullish pullback towards 1.3160 should be considered for another SELL entry. TP levels to be located around 1.3020 then 1.2950 - 1.2920. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. collected
I agree with ur chart. Thats what I also saw. Doing some testing at 1.3056 and lets see what happen next.

Moty Apr 10, 2019 1:47am | Post# 476144

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Took short .
Yesterday daily candle was enqulfing berrish.
1.3750 is the 50% correction , 1.3299 is the minimum tp.
I aiming for 1.29780-1.2998 area
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Moty Apr 10, 2019 3:37am | Post# 476145

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The drop is here
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masudsardar Apr 10, 2019 3:43am | Post# 476146

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Technical analysis of GBP/USD for 10/04/2019

Technical market overview:

The GBP/USD pair has still been trading inside of the range since the middle of the March and so far the price is just bouncing from the technical support around the level of 1.2996. The market continues trading in the middle of the range between the levels of 1.2996 - 1.3183, but the bulls are not that keen to break through the orange trend line anymore. The momentum remains neutral as neither bulls nor bears have control over the market and both sides. The breakout of the range might be severe and will likely happen on Friday after the decision regarding the Brexit will be published. Weekly Pivot Points: WR3 - 1.3339 WR2 - 1.3263 WR1 - 1.3130 Weekly Pivot - 1.3056 WS1 - 1.2826 WS2 - 1.2851 WS3 - 1.2712 Trading recommendations: The global investors wait for the breakout in either direction and because the range is now very tight, the breakout might be severe. Please notice, the larget time frame trend remains bullish.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

collected


KeenPips Apr 10, 2019 3:47am | Post# 476147

Good technical analysis. May be you would take another look at the conclusion.

Trade safe.

KP

Technical analysis of GBP/USD for 10/04/2019 Technical market overview: The GBP/USD pair has still been trading inside of the range since the middle of the March and so far the price is just bouncing from the technical support around the level of 1.2996. The market continues trading in the middle of the range between the levels of 1.2996 - 1.3183, but the bulls are not that keen to break through the orange trend line anymore. The momentum remains neutral as neither bulls nor bears have control over the market and both sides. The breakout of the...

bananaTrader Apr 10, 2019 5:21am | Post# 476148

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What do you guys think is going to happen to Cable today if the EU approves the extension? I am bit confused here, nominally it looks like a Cable positive as the No Deal is ruled out for something like 12 months, but it does not feel like a huge reason to buy Cable as it all still a bloody shambles, chaos and who knows what - Sort of Brexit sorted but nothing has been sorted situation.

Also technically it looks to me that Cable is building for the downside - so why all this selling and heavily leaning on the support when expected base case - EU Council approves extension - is supposed to be Cable positive. Of course it could be just a smoke screen and could shoot up to 1.33 - 34 after extension approved, probably late at night tonight. I think break of this weeks lows around 1.3010 would be a Go signal for downside, otherwise I have to assume that the Cable should continue the up channel.
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Moty Apr 10, 2019 7:40am | Post# 476149

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H1
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iqyu5an Apr 10, 2019 7:43am | Post# 476150

trading is fun ... stress free . relax

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Moty Apr 10, 2019 8:51am | Post# 476151

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H1 , the drop is coming
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Prosperous19 Apr 10, 2019 9:34am | Post# 476152

I'm currently holding a sell position in GBPUSD, currently in a loss, any hope of any drop

alexanderd Apr 10, 2019 11:49am | Post# 476153

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getting ready for the brexit decision. the best way to gamble is when u cant lose.
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fontu Apr 10, 2019 12:00pm | Post# 476154

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May be target 3125/36 + reach today if not 3196.watching usdx tanking.
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Robst3r Apr 10, 2019 12:00pm | Post# 476155

I'm currently holding a sell position in GBPUSD, currently in a loss, any hope of any drop
Drop the sell

navk Apr 10, 2019 12:08pm | Post# 476156

today high reached. 3110 is the high for today.

No more push up for me today. I sold at the top of the hour.

OnlineAddict Apr 10, 2019 12:24pm | Post# 476157

today high reached. 3110 is the high for today. No more push up for me today. I sold at the top of the hour.
We might be only starting...

fontu Apr 10, 2019 12:25pm | Post# 476158

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today high reached. 3110 is the high for today. No more push up for me today. I sold at the top of the hour.
May be, i do not think so , time still there to play arounds. just close daily over 3100 can be game changer as only start. Ok, not considering any news may bet perfect though.
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navk Apr 10, 2019 12:43pm | Post# 476159

{quote} May be, i do not think so , time still there to play arounds. just close daily over 3100 can be game changer as only start. Ok, not considering any news may bet perfect though. {image}
yes, above 3100 may be bullish tomorrow, it may not be game changer though.

iqyu5an Apr 10, 2019 1:24pm | Post# 476160

super !
3035 -> 3180


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