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

Aleksbuk Aug 19, 2019 3:54am | Post# 489921

Inserted Video

mbrown Aug 19, 2019 4:01am | Post# 489922

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down for the retest {image}
Agreed!

It has already happened! Note the sliding parallel line. If the sliding parallels are ignored, the entire pitchfork is invalidated.
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notyetthere Aug 19, 2019 4:06am | Post# 489923

should retrace close to 2150 then down again.
I get the fact that we will most likely retrace up from here but why 2150 as target ? and why down again afterwards (although that would probably fit in with your bigger picture view of things ...)

Moty Aug 19, 2019 4:07am | Post# 489924

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The loc strategy give a big and nice target, 40 pips
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navk Aug 19, 2019 4:08am | Post# 489925

{quote} I get the fact that we will most likely retrace up from here but why 2150 as target ? and why down again afterwards (although that would probably fit in with your bigger picture view of things ...)
It could not break Friday / last week hig.

Hourly has turned bearish

asgcorp Aug 19, 2019 4:11am | Post# 489926

low breaks and 2075 up next. likely a red day today. Bulls might come back to play on Tuesday.

john-smith Aug 19, 2019 4:13am | Post# 489927

short at 1.21328

olderekg Aug 19, 2019 4:25am | Post# 489928

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GU might be looking for strength to move upwards after the beating its taken for the last so many months.
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KarolNowak Aug 19, 2019 4:30am | Post# 489929

Hello traders. Wish you profitable trading week. What are you thinking about last news about Bretix? This had a big impact on the pound today.

mbrown Aug 19, 2019 4:33am | Post# 489930

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Waiting for the H1 close!!! Up or down it doesn't matter; up is good, down is fine although I'll have to lose a few pips to get on the short train.
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asgcorp Aug 19, 2019 4:46am | Post# 489931

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M30 bull TL broke see you guys at 2065.
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mbrown Aug 19, 2019 4:59am | Post# 489932

For me: pulling the long trigger again is going to be very tough but following my rules an H1 close above 2129 will see me pulling the long trigger with great reluctance. Below 2129 it is short.

==============================================

Short at 2125.
Sl above Friday's high.
PT: to be decided at 2035.

navk Aug 19, 2019 5:13am | Post# 489933

For me: pulling the long trigger again is going to be very tough but following my rules an H1 close above 2129 will see me pulling the long trigger with great reluctance. Below 2129 it is short. ============================================== Short at 2125. Sl above Friday's high. PT: to be decided at 2035.
Probably for me too.

Bulls are there here.

knkie Aug 19, 2019 5:13am | Post# 489934

hello

M1
buy 2128

either for a retrace scalp or a resume long depending on what happens around 2141

asgcorp Aug 19, 2019 5:21am | Post# 489935

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late entry but might be worth it. GJ 2H.
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Gilaforex13 Aug 19, 2019 5:38am | Post# 489936

Another support @2120, closed my short

sgkrishn Aug 19, 2019 6:03am | Post# 489937

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asgcorp Aug 19, 2019 6:13am | Post# 489938

very choppy descent. feels more like a pullback not a dump, imo.

HaLBot Aug 19, 2019 6:17am | Post# 489939

very choppy descent. feels more like a pullback not a dump, imo.
Yeah and defined short term risk for bears is 2130 and above that I see 2155 b4 testing last weeks high but not likely today...

Dingoman-two Aug 19, 2019 6:20am | Post# 489940

very choppy descent. feels more like a pullback not a dump, imo.

It could be called a bearish compaction zone, I would be expecting a bullish run to come from it soon.


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