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Cable Update (GBPUSD)

  • #506,521
  • Dec 17, 2019 2:26am Dec 17, 2019 2:26am
The news will justify a manipulation for a southward drive. The GBPUSD market is overextended and a southward turnaround has been due before the UK GE. With the more than 400 pips spike last week Thursday/Friday, market makers got a long anticipated target.

Trade safe and prosper.

KP

Quoting Guztro
{quote} Man, that’s harsh, the big boys just know how to play it. That move during Asian session was crazy. As an aside, I’m always careful for when Trump tweets, but now I have to keep an eye on Boris Johnson too, there are articles suggesting he wants to make law amendments that will in effect force the UK out by end December, deal or no deal. Still, I can’t say if that news dropping caused that move. Trade safe. Guz
Do your homework, follow the footprints of smart money
  • #506,522
  • Dec 17, 2019 2:26am Dec 17, 2019 2:26am
Quoting Moty
You owe me 100 pips {image}
super
  • #506,523
  • Dec 17, 2019 2:29am Dec 17, 2019 2:29am
In politics, you get what you vote for. The UK somehow needs to put a bandaid on this bleeding, or Boris will soon be blamed for the devaluation of the pound...this is bleeding fast now...
Charts don't drive price, market conditions drive price...
  • #506,524
  • Dec 17, 2019 2:30am Dec 17, 2019 2:30am
Quoting Guztro
In politics, you get what you vote for. The UK somehow needs to put a bandaid on this bleeding, or Boris will soon be blamed for the devaluation of the pound...this is bleeding fast now...
Totally agree with this, this has been waiting to happen for as while now, everything has been masked by the General election.
Pip Goes The Weasel
  • #506,525
  • Dec 17, 2019 2:35am Dec 17, 2019 2:35am
Long 3165 target 40 point... Sl 3125
  • #506,526
  • Dec 17, 2019 2:39am Dec 17, 2019 2:39am
Attached Image
Don't Leave Money on the Table
  • #506,527
  • Dec 17, 2019 2:46am Dec 17, 2019 2:46am
Quoting NieFenG999
{quote} Lol.... It going up to 3290....

cmon guys really, where do you get your crystal ball?
  • #506,528
  • Dec 17, 2019 2:46am Dec 17, 2019 2:46am
This from my brokers news feed...
Attached Image
Don't Leave Money on the Table
  • #506,529
  • Dec 17, 2019 2:49am Dec 17, 2019 2:49am
Quoting Moty
You owe me 100 pips {image}
The debt and the are closed.
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-12-17 10.43.15_1.jpg Size: 92 KB
yes yes yes
  • #506,530
  • Dec 17, 2019 2:51am Dec 17, 2019 2:51am
Where do you think it will retrace to? before selling again
  • #506,531
  • Dec 17, 2019 2:52am Dec 17, 2019 2:52am
so the Brexit saha continues.

I am long but my stop is 3160
Intraday only.
  • #506,532
  • Dec 17, 2019 2:53am Dec 17, 2019 2:53am
Quoting HaLBot
This from my brokers news feed... {image}
Yip, that's what I read too. Essentially this places a fresh NO DEAL Brexit back on the table.

Guz
Charts don't drive price, market conditions drive price...
  • #506,533
  • Dec 17, 2019 2:54am Dec 17, 2019 2:54am
Quoting navk
so the Brexit saha continues. I am long but my stop is 3160
I think the brexit saga will go on for a while yet.
Pip Goes The Weasel
  • #506,534
  • Dec 17, 2019 2:55am Dec 17, 2019 2:55am
Quoting navk
so the Brexit saha continues. I am long but my stop is 3160
out from longs
Intraday only.
  • #506,535
  • Dec 17, 2019 2:56am Dec 17, 2019 2:56am
Took long for the correction.
That was the 5th wave
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-12-17 10.56.00_1.jpg Size: 113 KB
yes yes yes
  • #506,536
  • Dec 17, 2019 2:57am Dec 17, 2019 2:57am
perfect pa hit 3161, go on , if no serious news effects !
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 31 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #506,537
  • Dec 17, 2019 3:02am Dec 17, 2019 3:02am
Quoting kuroro001
Morning, We bounced off upper daily support band. Lets see if we can reach m15 res to try to break this upper daily supp to reach the lower side. Else we go to the other m15 and higher. I'm still bearish bias for now {image}
Move down too strong to even hit res...nice fall

We are back into res/supp area ...1.3200/1.3240
COT: The precious data ignored
  • #506,538
  • Dec 17, 2019 3:07am Dec 17, 2019 3:07am
We retraced all Brexit vote....

Daily could bring prices back to 1.27xx area...if around here or below i'll long for monthly 1.50/1.55 with a tracker to prevent me from paying stupid swaps for months
COT: The precious data ignored
  • #506,539
  • Dec 17, 2019 3:12am Dec 17, 2019 3:12am
Quoting kuroro001
We retraced all Brexit vote.... Daily could bring prices back to 1.27xx area...if around here or below i'll long for monthly 1.50/1.55 with a tracker to prevent me from paying stupid swaps for months
I read a Bloomberg article yesterday that projected 1.24XX. Now that will be just crazy.
Charts don't drive price, market conditions drive price...
  • #506,540
  • Dec 17, 2019 3:14am Dec 17, 2019 3:14am
Quoting Guztro
{quote} I read a Bloomberg article yesterday that projected 1.24XX. Now that will be just crazy.
If bloomberg said it, we may never reach it
COT: The precious data ignored
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