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Cable Update (GBPUSD)

Quoting sgkrishn
its month end. i don't want to get trapped in this bull trap. i had a strong feel that these last 15 days low will covered by a single bear candle.
I agree... month end tends to bring interesting scenarios!
next move is 2220//2240 - 2330//2340. buy dips.
so checking usdx pa before all others , a top failure already for come correction down logical but may try crazy is open to play before the same in a triangle . so last up & down before decision breaks or up for last time perhaps . It should fight for 98.01 5h close wise and 98.19 daily tf or simply 98.25 while support may be 97.50. Take care

gu , yes same as before will look for 2218/03 before bounce for upper target , 2239 should must beaks down if all normal play.
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Quoting Moty
For the drop maybe
no drop, sorry about that. a 30 point move in GU is called a dip, not a drop.
there's no correlation between EURUSD and GBPUSD. EURUSD=DXY. So I don't see any reason to do DXY analysis for GU trading.
PS: EURUSD is 60% of DXY.
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Quoting asgcorp
next move is 2220//2240 - 2330//2340. buy dips.

When it breaks through the support area at 1.22088, then we should see some bearish strength return,
In the meantime just sit back and scalp the crap out of it.
"As always trade wisely folks,And then with Patience,time will reveal all"
Quoting asgcorp
{quote} no drop, sorry about that. a 30 point move in GU is called a dip, not a drop.
I meant in general, today dip is next month drop beginning.
See you at 1.18780-1.98630 area
don't try to tell the market where to go , let him tell you
Quoting Moty
{quote} I meant in general, today dip is next month drop beginning. See you at 1.18780-1.98630 area
It's possible, yes, but not until bulls max out - probably near 2350//2400.
you guys really have balls to buy this bearish pair. I would be only sideways and watch rather than go long and the attack or news suddenly appears

I am still bearish in GU and I have 2 counts one of them will work so I will just keep building shorts

I will stop loss if we get daily closing above 1.2440
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Quoting asgcorp
{quote} It's possible, yes, but not until bulls max out - probably near 2350//2400.
That's the beauty of it .
The crooks will turn before like last time .
For today ,gbp until now is at pita bread mode .
I follow the currency strength meter and as a certain currency comes to pita, it usually does not come out from this situation for yhe all day , it may come in 3 layers of pancakes out of 6 but eventually crushed to pita again.
Because of this situation of the pita bread,i will make another tp ,the adr target, of 80 price pips from the high of the day , 1.22067
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don't try to tell the market where to go , let him tell you
Quoting Moty
{quote} That's the beauty of it . The crooks will turn before like last time . For today ,gbp until now is at pita bread mode . I follow the currency strength meter and as a certain currency comes to pita, it usually does not come out from this situation for yhe all day , it may come in 3 layers of pancakes out of 6 but eventually crushed to pita again

"What the puck Monty"
"As always trade wisely folks,And then with Patience,time will reveal all"
The GBPUSD's current technical disposition is ambivalent although the general direction is southwards. Patience is required to wait for the two to align unless for scalpers. It is also good to note that there is a falling channel (e.g. on H4, D1 and W1 tfs) within which price action is operating, and price action is located some pips below the channel resistance. The monthly pivot is also just a few pips above current location of price action.

Trade safe.

KP
Do your homework, follow the footprints of smart money
res turned into supp on daily. I don't know what you guys are looking at. Pretty simple setup.
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morning scalp mode and hedge at this time though the short hedge is about to be stopped. And long trades still in play . That tl cross at 2222 area for me is safe for longs and below shorts could be back in play . Weekly 10 ema is now about 2345 area so that could be a possible target and also a possible short drop area .
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5 min tl watch break or reject
Quoting elbert3
{image} 5 min tl watch break or reject

I have a short scalp here my friend
"As always trade wisely folks,And then with Patience,time will reveal all"
Quoting Dingoman-two
{quote} I have a short scalp here my friend
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1 hour look at the chart . Regards
Quoting msniper
you guys really have balls to buy this bearish pair. I would be only sideways and watch rather than go long and the attack or news suddenly appears I am still bearish in GU and I have 2 counts one of them will work so I will just keep building shorts I will stop loss if we get daily closing above 1.2440 {image} {image}
1.1999 not any bad support to play for weekly & lower tl player & played very well so far to 2308 tl while limit may like to test and retest 2381 before next leg down or breaks the limit for even 2505/ 2600 to 2700 possible months / next to impossible though but ok if usdx tank enough .

Monthly trader may look for 1300 for good bounce !!

so 2308 could be enough or 2381 all to watch for now before any decision.
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Quoting elbert3
{quote} {image} 1 hour look at the chart . Regards

"All over it my friend"

EDIT "OUT WITH SMALL LOSS BECAUSE OF 5 PIP SPREAD"
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"As always trade wisely folks,And then with Patience,time will reveal all"
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