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Cable Update (GBPUSD)

  • #519,101
  • May 7, 2020 12:35am May 7, 2020 12:35am
this is the key
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yes yes yes
  • #519,102
  • May 7, 2020 12:35am May 7, 2020 12:35am
Quoting seincard
Hi I think that (gbp bank rate news) help GU to deep down let’s see good luck
14 yrs as a member at FF..
that long time mate..
i thinks at least 15 yrs for trading experience
GL mate..
just for a cup of coffee...
  • #519,103
  • May 7, 2020 12:43am May 7, 2020 12:43am
#GBPUSD / H4
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  • #519,104
  • May 7, 2020 12:45am May 7, 2020 12:45am
Quoting navk
2375 first and then 2415 likely today if 2310 or 2298 is not broken. This is most likely scenario.
I think you can also see around 1.2260, last good support, where bears may take profit (and they will also try to break it, to give stronger bearish signal)
  • #519,105
  • May 7, 2020 12:51am May 7, 2020 12:51am
I see the head
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yes yes yes
  • #519,106
  • May 7, 2020 12:59am May 7, 2020 12:59am
Quoting Ayax.TSS
#GBPUSD / H4 {image}
I like BLUE
  • #519,107
  • May 7, 2020 1:00am May 7, 2020 1:00am
Quoting Vincent1
{quote} I think you can also see around 1.2260, last good support, where bears may take profit (and they will also try to break it, to give stronger bearish signal)
that level for tomorrow
Intraday only.
  • #519,108
  • May 7, 2020 1:04am May 7, 2020 1:04am
Minor effect from interest rate announcement.
mayby we will get something from London open
yes yes yes
  • #519,109
  • May 7, 2020 1:08am May 7, 2020 1:08am
Quoting Moty
Minor effect from interest rate announcement. mayby we will get something from London open
Ok.
Don't be so angry
Big effect.
False break in the making.
From 50 pips down to 30 pips up
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yes yes yes
  • #519,110
  • May 7, 2020 1:11am May 7, 2020 1:11am
1.24 a solid sell
Compulsions can be hard to resist
  • #519,111
  • May 7, 2020 1:17am May 7, 2020 1:17am
Target for me in the next two weeks is 1.27xxx
WT
  • #519,112
  • May 7, 2020 1:20am May 7, 2020 1:20am
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yes yes yes
  • #519,113
  • May 7, 2020 1:23am May 7, 2020 1:23am
Quoting Moty
{quote} Ok. Don't be so angry Big effect. False break in the making. From 50 pips down to 30 pips up {image} {image}
your method.

15 min, no sell dot. Buy.
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Intraday only.
  • #519,114
  • May 7, 2020 1:28am May 7, 2020 1:28am
I took a buy position because I see the proce trading above the trend line which may serve as support . Though it was the news impact that pushed up the price and the 4 hourly chart looks bullish . I will add more positions as soon as that is well confirmed .
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With patience and discipline,you move beyond the sky
  • #519,115
  • May 7, 2020 1:33am May 7, 2020 1:33am
In the very short term failure to break 1.2400 is certain invitation of 1.2260 today, while at 1.22 region rest a support which will likely be the last line of defence before price will surge aggressively once again to 1.27 within days. In the last three weeks one of the days of the week have had 200 pips range, so today or tomorrow range could eke out 200 pips range. Stay safe and trade profitably.
Data + Stat + Risk/Emotions Management
  • #519,116
  • May 7, 2020 1:33am May 7, 2020 1:33am
Invert h&s
Daily pivot 1.23649
Daily r1 and my tp is 1.24048 and 1.23928
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yes yes yes
  • #519,117
  • May 7, 2020 1:34am May 7, 2020 1:34am
Had +80 points from two trades and am done for today
i will make it if don't break my rules, am sick and tired of breaking my rules by being too greedy and extending my TP then going home with nothing or losing account.

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Remember to stay safe
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #519,118
  • May 7, 2020 1:36am May 7, 2020 1:36am
BOE rate moves price up as expected.
Now for the down movement which will come later.
Patience.....
  • #519,119
  • May 7, 2020 1:39am May 7, 2020 1:39am
Quoting Moty
{image}
Swing high, i will take a bear.
  • #519,120
  • May 7, 2020 1:52am May 7, 2020 1:52am
Tp 1.23928 and 1.24048
Sl 1.23600 just below daily pivot
Avarage entry 1.23500
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yes yes yes
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