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Cable Update (GBP/USD) without Idiots 23 replies

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Cable Update (GBPUSD)

Fibonacci pattern right to the gap
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Quoting MrFanciful
{quote} I'm guessing it's the quiet before the JOLTS storm
Actually, I don't expect anything. Range will continue. I think market is waiting for Bailey and BoE's rate hike.

If BoE raises rates by 50bps these will be the highs and 1.20 is just a dream after it. They have tough choice, destroy the economy or destroy the Pound..
Will have to do some historical analysis tonight on whether this is normal behaviour for the JOLTS release day.
Quoting Robinhood1
{quote} Next retracement for gold is probably 1719
1689,50. wrong glasses and finally 1719
PHASE II running 666
Sell limit with tight stop
GU - 11560
EU - 0.9963
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Peace Yo!
... 50% of the total 1645-1460 drop @ the current dly hi in a prev 30min sw hi zone = prev res = pot res. Only 41% 30day adr traveled so far today lo-hi, but still 93pips. These marginal new highs keep getting sold as price has been creeping up.

1hr below
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting TheWolf
{quote} They have tough choice, destroy the economy or destroy the Pound..
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took long uj and short gu
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PRICE MISSED MY SL BY LESS THAN ONE PIP..Took profit..
Some luck after all..
  •  dantpm
  • Joined Aug 2022 | Status: Stubborn, slow but still learning! | 2,070 Posts | Online Now
Quoting TheWolf
{quote} Actually, I don't expect anything. Range will continue. I think market is waiting for Bailey and BoE's rate hike. If BoE raises rates by 50bps these will be the highs and 1.20 is just a dream after it. They have tough choice, destroy the economy or destroy the Pound..
Destroy the economy or weaken the pound, these are their choices. A weaker pound is not the end of the world. Really too bad that the UK didn't expand nuclear power program, the economy would be a lot stronger today if they had!
Stubborn, often slow but still learning!
Quoting MrFanciful
{quote} {image}
Indeed hahah
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mf !!!!!!
i was long and waited 4 times for gu to reach daily r1
the minute i switched to short , he remember
i hope this is sl hunt
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Quoting dantpm
{quote} Destroy the economy or weaken the pound, these are their choices. A weaker pound is not the end of the world. Really too bad that the UK didn't expand nuclear power program, the economy would be a lot stronger today if they had!
For the cost of the HS2 railway which is projected to shave 10 minutes off the journey from Birmingham to London, we could have bought an additional 4-5 Hinkley Point C nuclear power stations
Quoting Moty
mf !!!!!! i was long and waited 4 times for gu to reach daily r1 the minute i switched to short , he remember i hope this is sl hunt {image}
Personally I think it is a stop hunt. 4 relatively equal highs at the 61.8% fib at rsistance and daily r1.

But then again...¯\_(ツ)_/¯
Quoting Moty
mf !!!!!! i was long and waited 4 times for gu to reach daily r1 the minute i switched to short , he remember i hope this is sl hunt {image}
Lou Vincii Code
GU is heading higher.
First target 1.1580
My target is a reversal at the psy lo.
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Update on 15M, 30M and Hourly Chart..
Adding H4 also..
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