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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

A break of one these SW zones will set the tone for week.
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Le$$ I$ More
Quoting MoneyZilla
{quote} Headland! Thank you very much! In D1 low draw-down is expected, but... this one add up as another hedge strategy (for me)! Just applied that idea, as to one of my hedging approaches... I never thought about that... This is Mega Simplicity! In a direct, non-filtered D1 signal? CRAZY! I never use non-filtered signals... just imagine. This is cent bt, so draw-down is like -$400 and the rest just shows how simple all is... This is absolutely the very first time, something profitable, pops out of this forum! {image}
Your arbitrage hedge strategy is incredible but will call for a lot of leverage usage.
Le$$ I$ More
Here's my take on the GBPUSD, from the technical perspective of a swing trader. Technically, the GBPUSD market still has a bullish tone. Price action on the daily time frame has broken out of a rising wedge (red) seen on the weekly time frame and it is presently within a rising channel (blue), indicating an increase in bullish momentum. However, recent candlestick prints have been mixed and this points to an increase in bearish pressure as price action gets near the next horizontal resistance around 1.37820 (magenta). Besides, the narrowness of the spiking channel makes it technically less reliable for sustained bullish momentum. We should await what price action does in the early part of this week, particularly how it handles the 1.37820 horizontal resistance area.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
Quoting Roszey
{quote} Your arbitrage hedge strategy is incredible but will call for a lot of leverage usage.

The thing is, after all, once in every five years, there is something good as gold here!
I never thought this could ever happen...
Maadik Hugiis. IQ 69.
If price has to push up, this Monthly SW zone will show more resistance for buyers
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Le$$ I$ More
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Quoting Roszey
A break of one these SW zones will set the tone for week. {image}
I think so Roszey
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
PA in asian session today could be tricky, probably london will reverse the direction, im expecting max 1.3710 on the north side and max 1.3585 on the south side, of course i expect price to reach to one of those zones during today’s asian session
cable 3700 still in play, eu very nice daily doji on friday, today should give confirmation candle?? todays open is marker fridays high upper marker!!
If you are new to Forex? Say Goodbye to your account!!
Quoting helioss
I have analyzed COT on last 12 months. I choose only SMART MONEY position. I try this simple rule: - if SMART MONEY goes LONG, i see if HIGH NEXT WEEK was HIGHER than CLOSE CURRENT WEEK - if SMART MONEY goes SHORT, i see if LOW NEXT WEEK was LOWER than CLOSE CURRENT WEEK Results: 100% signals GOOD Average pips HIGH/LOW from PREVIOUS CLOSE: 145,6pips So this week on GBP we have a LONG SIGNAL, so HIGH NEXT WEEK will BE HIGHER than FRIDAY CLOSE (1.3680) {image}
what website you getting this data from?
A quick summary for the week and month end, I say 1.3740s is a crucial level, a base above might not mean holding on a strong resistance @1.3770s but might open the door to clear it on the way to 1.3850s and that will be very strong move on monthly.

On downside, around 1.3620 is a strong support then comes 100pips down 1.3520, any further fall and base below there this week might mean change of trend for next month/s

IMO, falling below 1.3390s is not in the cards and 1.3740-70s seem strong resistance zone

Play your cards right...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
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Quoting Moty
{image}{image}
I enter short with your analysis :')

OP 1.370 - TP 1.367
fflush was here
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Quoting fflush
{quote} I enter short with your analysis :') OP 1.370 - TP 1.367
better wait for break of last h4 candle low
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Quoting Moty
{quote} better wait for break of last h4 candle low {image}
I have opened the order without SL, if it reached top. Will open another layer
fflush was here
1.3707 should be a good place to sell today.

Trade safe everyone!
Selling here @ 1.3704, SL 1.3715 and TP 1.3585
Quoting fxmasterdxb
Selling here @ 1.3704, SL 1.3715 and TP 1.3585
Now that is the mother of all R:Rs.
Quoting Kaysole
{quote} Now that is the mother of all R:Rs.
Hahaha thats the point, im taking a risk here as the trend is bullish, but the reward is crazy! Im willing to give away 11 pips for the chance of making approx 110 pips!
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