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Cable Update (GBPUSD)

  • #475,641
  • Edited 7:50am Mar 13, 2019 7:37am | Edited 7:50am
Quoting asnan7
{quote} well, so why there is deal and no deal?if the effects are the same for cable

They rejected the deal that they have been working/wasting time on for past 2 years in last nights vote.
The vote tonight is do we rule a out a Hard Exit from the EU.

If they rule out hard exit/brexit, this should be good for GBP as this effectively means we stay in EU longer until deal is sorted(more voting) or another referendum(more voting) with a strong chance we stay in the EU and not leave at all.

If they dont rule out a hard exit tonight, then this should be bad for GBP as we are getting closer to the 29th march deadline and hard exit without any deal or preparations is still on the table.

Thats what I would expect to happen, but the market may have already priced in. Either way tonight's vote is the big one which should give some strong moves either way, depending on the result.
  • #475,642
  • Mar 13, 2019 8:56am Mar 13, 2019 8:56am
Quoting oblong
{quote} They rejected the deal that they have been working/wasting time on for past 2 years in last nights vote. The vote tonight is do we rule a out a Hard Exit from the EU. If they rule out hard exit/brexit, this should be good for GBP as this effectively means we stay in EU longer until deal is sorted(more voting) or another referendum(more voting) with a strong chance we stay in the EU and not leave at all. If they dont rule out a hard exit tonight, then this should be bad for GBP as we are getting closer to the 29th march deadline and hard...

I will add its expected hard brexit will be voted down tonight.
  • #475,643
  • Edited 9:25am Mar 13, 2019 9:09am | Edited 9:25am
very risky pa , 3195 or 3280 may be the question. if 3195 then watching signal 3175 breaks , conformation 3156/29
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #475,644
  • Mar 13, 2019 9:26am Mar 13, 2019 9:26am
Pump before the dump, sold 1.3190 with TP 1.2890, SL 1.3225
  • #475,645
  • Mar 13, 2019 9:27am Mar 13, 2019 9:27am
Quoting fxmasterdxb
Pump before the dump, sold 1.3190 with TP 1.2890, SL 1.3225
Why? If the no-deal vote is defeated, which it will be, then GBP will fly
Don't Worry Be Happy
  • #475,646
  • Mar 13, 2019 9:31am Mar 13, 2019 9:31am
Quoting MrPresident
{quote} Why? If the no-deal vote is defeated, which it will be, then GBP will fly
Honestly i dont depend much on fundemenrals, i trade based on the chart.
  • #475,647
  • Mar 13, 2019 9:36am Mar 13, 2019 9:36am
hey guys, who is supporting the idea of GBPUSD bottoming at 1.2650 on Friday's close this week?
  • #475,648
  • Mar 13, 2019 10:10am Mar 13, 2019 10:10am
Quoting ninjakiller
hey guys, who is supporting the idea of GBPUSD bottoming at 1.2650 on Friday's close this week?
not me unless there is a no-deal Brexit, then i think it will go to 1.20
Don't Worry Be Happy
  • #475,649
  • Mar 13, 2019 10:38am Mar 13, 2019 10:38am
There probably will be more Brexit chaos this month if the vote by the parliament to extend the deadline passes since it does not guarantee that the EU will approve it.
Looks like the EU is trying to screw over the U.K.

Quote
“I am against every extension — whether an extension of one day, one week, even 24 hours — if it’s not based on a clear opinion of the House of Commons for something,” said the European Parliament’s chief Brexit official, Guy Verhofstadt. “Please make up your minds in London, because this uncertainty cannot continue.”

https://www.apnews.com/0732fc070df44f26b74dab8f207855dd
Don't Worry Be Happy
  • #475,650
  • Mar 13, 2019 11:05am Mar 13, 2019 11:05am
Quoting sgkrishn
{quote} Not expecting that much.. I still be focusing on Long. Monthly Candle seems just forming a hard Tail. but not suppose to break the February low. Just My Opinion. {image}
Buy Target achieved. Time to Sort.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #475,651
  • Mar 13, 2019 11:19am Mar 13, 2019 11:19am
Quoting sgkrishn
{quote} Buy Target achieved. Time to Sort.
too early to short, i would sell at the end of the day after the vote but I am buying dips
Don't Worry Be Happy
  • #475,652
  • Mar 13, 2019 11:30am Mar 13, 2019 11:30am
Quoting iqyu5an
{quote} both of "drop from" and "bounced from" ... on the track ( at least till now ) : https://www.forexfactory.com/showthr...5#post12068365
relax ...
not euphoria follower
  • #475,653
  • Mar 13, 2019 11:38am Mar 13, 2019 11:38am
Quoting oblong
{quote} They rejected the deal that they have been working/wasting time on for past 2 years in last nights vote. The vote tonight is do we rule a out a Hard Exit from the EU. If they rule out hard exit/brexit, this should be good for GBP as this effectively means we stay in EU longer until deal is sorted(more voting) or another referendum(more voting) with a strong chance we stay in the EU and not leave at all. If they dont rule out a hard exit tonight, then this should be bad for GBP as we are getting closer to the 29th march deadline and hard...

thanks mate
  • #475,654
  • Mar 13, 2019 12:47pm Mar 13, 2019 12:47pm
Quoting fxmasterdxb
Pump before the dump, sold 1.3190 with TP 1.2890, SL 1.3225
SL hit, one more sell at 1.3207, SL 1.3265 TP 1.2890
  • #475,655
  • Mar 13, 2019 1:57pm Mar 13, 2019 1:57pm
uptrend resumes?? ≧◠‿◠≦✌
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  • #475,656
  • Mar 13, 2019 2:32pm Mar 13, 2019 2:32pm
h1
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yes yes yes
  • #475,657
  • Mar 13, 2019 2:50pm Mar 13, 2019 2:50pm
Daily close above 1.33 is attractive to buy
Don't Worry Be Happy
  • #475,658
  • Mar 13, 2019 5:37pm Mar 13, 2019 5:37pm
Quoting MrPresident
Daily close above 1.33 is attractive to buy
Are you hoping for the pair to go up in the next 12-16 hours?
Carpe Diem
  • #475,659
  • Mar 13, 2019 6:35pm Mar 13, 2019 6:35pm
Quoting CKSCswing
{quote} Are you hoping for the pair to go up in the next 12-16 hours?
there is another vote scheduled tomorrow and positive news can cause the pair to spike higher
Don't Worry Be Happy
  • #475,660
  • Mar 13, 2019 7:45pm Mar 13, 2019 7:45pm
Quoting MrPresident
{quote} there is another vote scheduled tomorrow and positive news can cause the pair to spike higher
Did you buy already or are you waiting to buy before the article 50 vote or after some movement has happened?
Carpe Diem
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