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Cable Update (GBPUSD)

  • #488,981
  • Aug 9, 2019 2:57pm Aug 9, 2019 2:57pm
Quoting MXT
{quote} Bingo Bongo Last leg down Intraday bottom @ 1.2023
MXT, nice call...
Attached Image (click to enlarge)
Click to Enlarge Name: GU08.09.30M.c.PNG Size: 85 KB
Always trade your own plan...I don't provide trading signals.
  • #488,982
  • Aug 9, 2019 3:22pm Aug 9, 2019 3:22pm
I've been studying G cad's past ... it has 3 zones of old purchase handling imo...I would only sell after the price broke all.
I would have loved if I had experienced the past of these prices ... it must have been amazing for those who saw it all.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad 0908.png Size: 120 KB
  • #488,983
  • Aug 9, 2019 3:23pm Aug 9, 2019 3:23pm
perfect EG confluence:

2 x 161.8 + TL= GU

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPMonthly.png Size: 27 KB
Come with me if you want to live....
  • #488,984
  • Aug 9, 2019 3:34pm Aug 9, 2019 3:34pm
Attached Image (click to enlarge)
Click to Enlarge Name: EG0908.png Size: 120 KB
  • #488,985
  • Aug 9, 2019 3:43pm Aug 9, 2019 3:43pm
Quoting Marcieny
{image}
eurgbp could be on its way to go test the 2008 top @ 0.9800
  • #488,986
  • Aug 9, 2019 3:49pm Aug 9, 2019 3:49pm
Quoting MXT
{quote} eurgbp could be on its way to go test the 2008 top @ 0.9800
Or it could dive from 9300+ below 9000.
Everyone can see the chart, but only a few can actually read it.
  • #488,987
  • Aug 9, 2019 3:51pm Aug 9, 2019 3:51pm
GU now 1.2025

its time to start building long positions

add extra if it reach 1.1980

Stop loss 1.1800

target minimum 200pips bounce
  • #488,988
  • Aug 9, 2019 3:54pm Aug 9, 2019 3:54pm
Next main stop below.
Currently weekly candle means next week.

I don't see the point in backing a 100/1 bullish outsider, when the bear is the clear favourite....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 31 KB
Come with me if you want to live....
  • #488,989
  • Aug 9, 2019 3:59pm Aug 9, 2019 3:59pm
Quoting MXT
{quote} eurgbp could be on its way to go test the 2008 top @ 0.9800
It's a possibility too ... or move on from there or return.
  • #488,990
  • Aug 9, 2019 4:05pm Aug 9, 2019 4:05pm
Enjoy your weekend everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 31 KB
Come with me if you want to live....
  • #488,991
  • Aug 9, 2019 4:05pm Aug 9, 2019 4:05pm
Quoting mbrown
Waiting for a test of 2280-2300 level for shorts or a break of 2075 with a PT of 9550 to 9500 in mind. {image}

9550 it is then. I'll be looking for shorts @ 2050 to 2075 from Monday.
  • #488,992
  • Aug 9, 2019 4:07pm Aug 9, 2019 4:07pm
Quoting mbrown
{quote} 9550 it is then. I'll be looking for shorts @ 2050 to 2075 from Monday.
I'll short the closing of a Monday bearish gap if we get one.
Otherwise, will just short at market open.
pips to you...
Come with me if you want to live....
  • #488,993
  • Aug 9, 2019 4:10pm Aug 9, 2019 4:10pm
Quoting Marcieny
{quote} It's a possibility too ... or move on from there or return.
it all boils down on what cable will do , if it breaks 1.1700 - 1.1500 , eurgbp could easily go up to 0.9800 again or even parity if the Pound falls even lower

a lot of people in the mkt are talking about parity
  • #488,994
  • Aug 9, 2019 4:15pm Aug 9, 2019 4:15pm
Quoting MXT
{quote} it all boils down on what cable will do , if it breaks 1.1700 - 1.1500 , eurgbp could easily go up to 0.9800 again or even parity if the Pound falls even lower a lot of people in the mkt are talking about parity
will probably get days lateralized...if any parity happens
  • #488,995
  • Aug 9, 2019 4:29pm Aug 9, 2019 4:29pm
Quoting Marcieny
{quote} will probably get days lateralized. if that happens.
EG is a tricky market , it can stay in a congestion phase for months and the suddenly break out , so it could very well move sideways for a while as you say

but this Brexit thing is ultra heavy , all this increased volatility on Pound could propel EG higher and then after Brexit is done , move sideways again , so we'll see and take what the market brings
  • #488,996
  • Aug 9, 2019 4:33pm Aug 9, 2019 4:33pm
Quoting MXT
{quote} EG is a tricky market , it can stay in a congestion phase for months and the suddenly break out , so it could very well move sideways for a while as you say but this Brexit thing is ultra heavy , all this increased volatility on Pound could propel EG higher and then after Brexit is done , move sideways again , so we'll see and take what the market brings
Is true...I hope it starts a good cycle for all pairs of pounds because I love buy ... I'll be eyeing Gcad first. GChf ... and then Gj
  • #488,997
  • Aug 9, 2019 4:42pm Aug 9, 2019 4:42pm
I wish a great weekend for all !!!
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  • #488,998
  • Aug 9, 2019 4:46pm Aug 9, 2019 4:46pm
Looks like it is in the parabolic phase since about 60-80 pips ago with.9560 ish as a possible bounce and at extreme about 1.07 or so, ending the week on a down candle is not a good sign for GBP
scale in, scale out
  • #488,999
  • Edited Aug 10, 2019 1:17pm Aug 9, 2019 7:43pm | Edited Aug 10, 2019 1:17pm
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Together we can be strongest
Vantage Return This Month: na
  • #489,000
  • Edited Aug 10, 2019 1:57pm Aug 9, 2019 7:47pm | Edited Aug 10, 2019 1:57pm
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