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Cable Update (GBPUSD)

  • #460,121
  • May 4, 2018 7:30am May 4, 2018 7:30am
I still see no reversal sign on my M5
  • #460,122
  • May 4, 2018 7:38am May 4, 2018 7:38am
Shorts aint over yet thats for sure ..
  • #460,123
  • May 4, 2018 7:39am May 4, 2018 7:39am
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5 min candle
  • #460,124
  • May 4, 2018 7:46am May 4, 2018 7:46am
Quoting Trade-G
I still see no reversal sign on my M5
I took the divergence on the 1 minute and that chart found support paying me 30 pips. Now off to bed.
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  • #460,125
  • May 4, 2018 7:46am May 4, 2018 7:46am
Looks bearish though
  • #460,126
  • May 4, 2018 9:09am May 4, 2018 9:09am
Quoting hippiedog
{quote} Could be mate. {image}
Maybe it was.
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FREEDOM IS SECURITY.
  • #460,127
  • May 4, 2018 10:01am May 4, 2018 10:01am
Quoting elbert3
{image} 5 min candle
Sold off my shorts and stollen 35 pips long at this time
  • #460,128
  • Edited 10:36am May 4, 2018 10:04am | Edited 10:36am
Quoting hippiedog
{quote} Mate I've been living in a wasp nest with this pair all week. I have a very strong feeling that should the pair not hit my target today or tomorrow before NFP, should it head south it will be whipsaw to ketchup the buyers. It's all about the rate for this pair at the moment, and NFP will only give more opportunity to ketchup the buyers. I have strong signals now for 5days and for these strategies I use in the underground hippiedog laboratory 2days, 3days max and it's over and I am paid. So this is bullshit and I want to get paid now. LOL....
It's slow good.
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FREEDOM IS SECURITY.
  • #460,129
  • May 4, 2018 11:56am May 4, 2018 11:56am
Quoting hippiedog
{quote} It's slow good. https://youtu.be/WhLt62pPj4M {image} {image} {image} {image}
Yep HP its all about the rate - will be a slow turn around back up to the 150 zone, over 140 its pure speculation but i get that feeling its more of the USA than UK makng the price .. see when we get that long next week ..
  • #460,130
  • May 4, 2018 2:37pm May 4, 2018 2:37pm
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tried to post this before the site went down .. looking for a bounce here
  • #460,131
  • May 4, 2018 3:13pm May 4, 2018 3:13pm
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well that day chart doji never turned out .. as the chart we see above this is what I was wanting to see but look deeper and let's see what happens next week
  • #460,132
  • May 4, 2018 3:21pm May 4, 2018 3:21pm
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lets see the month chart week end and it now the price did not close beyond the last candle on the left . So careful goes it ..we are in a bear trend and price closed under 200ema on the day charts
  • #460,133
  • May 4, 2018 6:42pm May 4, 2018 6:42pm
The EURUSD drops to the 1.3500 level and stalls its fall at that level. The 1.3500 has acted as a support so far on the GBPUSD as expected. A bullish pullback could take the price to the 1.3700 zone.
  • #460,134
  • May 5, 2018 11:30am May 5, 2018 11:30am
top is firm ,top is swing
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #460,135
  • May 5, 2018 11:46am May 5, 2018 11:46am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #460,136
  • May 5, 2018 11:19pm May 5, 2018 11:19pm
Looks like still a Short till we get a Higher high & a Higher Low on the H4.
We have hit a monthly line so Consolidation is a good bet.
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Trading thin liquidity at the boundary of the charts
  • #460,137
  • May 6, 2018 12:00am May 6, 2018 12:00am
I have this....

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  • #460,138
  • May 6, 2018 4:18am May 6, 2018 4:18am
I think the GBPUSD is still down to 1.3200
There are two tops pattern and the bottom has been broken
Also the price is down the ichimoku system

https://i.imgur.com/NlIpIom.jpg
  • #460,139
  • May 6, 2018 2:04pm May 6, 2018 2:04pm
Are you tracking the GBPUSD this week? Consider this technical perspective.

On the H4 time frame, price action is respecting a resistance trendline (magenta) but the bearish momentum is waning. Therefore, we may expect a northward retracement in the early part of this week before a southward continuation. A likely zone where price action may retrace to is the breached minor horizontal support around 1.37140/1.37910 (bound by blue horizontal lines), which may be flipped as resistance.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #460,140
  • May 6, 2018 8:24pm May 6, 2018 8:24pm
Quoting Nala66
{quote} That impulse bar failed to close below the swing average so I suspect a turn to the long side now but of course we need to wait for the heavydance. I am looking at longs now...
And there we go...Now looking to find bull support on the 1 hour chart.
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