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Cable Update (GBPUSD)

Quoting ganam
{image}
Bye bye Bear
I am out !!!!!!
50 pips but with 4 times levarage ,so it's actually 216 pips.
1.25666 . I am the devil
STACK'EM , STACK'EM , To the top! that's right !
Quoting htcone
{quote} Fundamentally Mark has given the clear message to market today that their banks are financially strong not only to take trade wars but the disorderly Brexit. His comment also notable that there would be market turmoil in case of disorderly Brexit but no way financially as they have strong liquidity with banks, therefore, i believe we would see a strong GBP in coming days
This view supports my technical analysis, so I'm staying long on GU.

Guz
Charts don't drive price, market conditions drive price...
Quoting htcone
{quote} Fundamentally Mark has given the clear message to market today that their banks are financially strong not only to take trade wars but the disorderly Brexit. His comment also notable that there would be market turmoil in case of disorderly Brexit but no way financially as they have strong liquidity with banks, therefore, i believe we would see a strong GBP in coming days
I don't listen to news much.
Is this the same Carney who said the Pound is still cheap about a week before it started It's decline from 7190 a few years back?

I trust my broker more than that guy...
Come with me if you want to live....
Quoting Ill-b-back
{quote} I don't listen to news much. Is this the same Carney who said the Pound is still cheap about a week before it started It's decline from 7190 a few years back? I trust my broker more than that guy...
Well there is financial stability report to read. Anyway, good luck.
sell strength in falling markets, and buy weakness in rising markets.
Quoting Guztro
{quote} This view supports my technical analysis, so I'm staying long on GU. Guz
good luck with your trade. wish you many pips
sell strength in falling markets, and buy weakness in rising markets.
Quoting Neil0163
Tp 2 hit for counter trend bulls watching price action now see if we can get a test of the trend line and look for shorts providing price action paints the way, expecting some form of consolidation first but I need to see clear trend change. {image}
Cheers for that Neil... I'm working on the wrong time frame

Short now 1.2563 target 1.2555
Play it by beer!!!
Quoting Neil0163
Tp 2 hit for counter trend bulls watching price action now see if we can get a test of the trend line and look for shorts providing price action paints the way, expecting some form of consolidation first but I need to see clear trend change. {image}
Attached Image (click to enlarge)
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make Forex Factory great again
2570 is a big one to get through
Quoting Theoak
{quote} Cheers for that Neil... I'm working on the wrong time frame Short now 1.2563 target 1.2555
out +1 pip don't think it will get to that level

long now 1.2560 first target 1.2668 (old school)
Play it by beer!!!
Quoting Bones
cable update in real time {quote} {image}
Attached Image (click to enlarge)
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make Forex Factory great again
Quoting Moty
I am out !!!!!! 50 pips but with 4 times levarage ,so it's actually 216 pips. 1.25666 . I am the devil
Moty, nicely done...congrats. Now you have to repeat today's performance at least 50 times...GU reached textbook objective for today.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 07.11.60M.PNG Size: 81 KB
Always trade your plan
Us could drop its rate so something else to think about
Quoting coderr
buy tp:1.25700 sl:1.24300
ForexSignalsz All Time Profit: $9,791
Time for Bear come..
Short 1.2560..
Quoting Coreg2004
{quote} Moty, nicely done...congrats. Now you have to repeat today's performance at least 50 times...GU reached textbook objective for today. {image}
my friend no offence I think you made mistake at elliot waves,wave (v) is bigger than (iii)?Its against basic rules
please explain,I like your analisys

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Quoting Bones
{quote} {image}
Indeed buddy I didn't go for the second trendline, 1-2 project it through is my rule. That's why untill that TL is broke all the bullishness will be corrective price action rather than a uptrend, even though it's moving up.
Quoting elbert3
Us could drop its rate so something else to think about
It will be a non-event by the time the rate drops...markets started responding to Powell's comments yesterday already.

Guz
Charts don't drive price, market conditions drive price...
Quoting Bones
{quote} {image}
Yes, 1.2588 will be bi(a)tch to take out...but it's the market anything can happen.
Always trade your plan
Quoting Guztro
{quote} It will be a non-event by the time the rate drops...markets started responding to Powell's comments yesterday already. Guz
Yes but let's see how far it can go at this time
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