Cable Update (GBPUSD)

Quoting directxxx

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{quote} Just a reminder to ring your mum (mae) Don't worry about it.

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Quoting Theoak

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short 1.2505 target 1.2498

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Quoting Marcieny

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{quote} I'm already missing her. she did not even know that I was trading forex kkk, but she talked all the time "when are you going to quit this game?"

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Quoting directxxx

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{quote} I have been asking myself the same question for nearly 20 years kkk

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Quoting Neil0163

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So here's something for a little interest. Notice we have the first swing in red bounces off a 61.8 fib retracment from there we plot a fib extension and notice where price bounces right near the 1.618extension. We see the blue swing we get a symmetrical triangle just slightly below 23.6 fin retracment from there we plot the fib extension notice how we get the bounce on the 1.618 perfectly. {image}

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Quoting directxxx

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{quote} No worries mate. I showed most of it to you last year when we talked by Skype. Maybe you have forgotten. Have a look at the daily chart. As you can see, the low was in a long time back... September 2016, The retracement is all but complete if you see a demand area. There is one other (less likely demand area below where we are now but we are reacting to this one so we should get a decent bounce here. If we get a daily reversal from here then the first target will be circa 1.3570 then if we move on as expected a much longer target will be...

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Quoting Marcieny

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{quote} I'm already missing her. she did not even know that I was trading forex kkk, but she talked all the time "when are you going to quit this game?" I said, mother this is a negotiation and I'm just observing.

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Quoting Theoak

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{quote} How often do you see her?

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Quoting mbrown

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{quote} There is only a 20% probability of a high higher and 30% probability of a higher low. Figures from the study only. The probabilities actually favour a full-blown reversal to the downside to take out the lows of yesterday. However, like any tool the probs' are just indicators.

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Quoting mbrown

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{quote} I remember SKYPE now you mention it. I don't disagree, even though I took myself out of the game, I've been shouting about 2422-2455 being the reversal point from when we moved down from 2535. Mentioned it at 2535. When at 2455, I mentioned 2530 so I agree. I'm also stating again the probability of today's close being above 2530 is 10% and no development above 2530 likely means a test of 2422 if there isn't another touch of 2466 today. We live in the age of data science so the need to rely on eye-balling fib' levels and the like is really...

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Quoting Marcieny

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{quote} sometimes in the year. 2 or more times.

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Quoting directxxx

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{quote} Onde mora?

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Quoting Bones

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my own study gives a 99.55% probability it won't take the low today also 78.2 % it will go higher in the next 24 hours {quote}

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Quoting Bones

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62.22 % it will go higher 7 GMT

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Quoting Dingoman-two

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1.25061 area is to be watched imho folks, could go either way, edit i think down ???? {image}

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Quoting Marcieny

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{quote} sometimes in the year. 2 or more times.

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Quoting Theoak

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long in at 1.2510

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