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Cable Update (GBPUSD)

  • #523,201
  • May 27, 2020 2:50am May 27, 2020 2:50am
Quoting Gilaforex13
{quote} Little more for high?
I am basically trying to say that I consider it very possible that it may take out the bottom of 18 May, then rise a bit, then take out that lower bottom as well, and THEN rise to take out the double top of 1.2650
  • #523,202
  • May 27, 2020 2:54am May 27, 2020 2:54am
Quoting Georginson
{quote} This shark shows 1.23, 1.19, 1.21, 1.17, 1.27, 1.13 retest before final take off. Meaning a drop from this current 1.2360 back to 1.1960 area, then a rise to 1.2130 to be followed by a crash to 1.2740 breaking previous 1.2645 resistance before a final crash to 1.1370 being second test of 1.1409 before final take off to 1.34 region later in the year. 1.21 likely again this May, 1.17 early June, 1.27 early July, 1.13 late July/early August, 1.34 November/December. Just likely timed scenarios never definite. This is not advise for anyone. Cheers!...
Well at least you got a plan in mind! Already much more than most!

I do not follow shark and butterfly and other harmonic patterns by the way. Only mentioned shark because Ongtrumvn99's post contained the image of a shark

Not that I don't think a trader can make money using harmonics. On the contrary, there are thousands of ways to skin the trading cat. They're just not my style
  • #523,203
  • May 27, 2020 2:56am May 27, 2020 2:56am
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price likes to meet 20 ema 2266 also targets . And on the day 50 ema held the move up with no crossover . So 1. It’s short again .2. Price finds a level slow range out and watch if if ? Crossover . And 5 min chart cross then we start to think long again target 2495 . 2550
  • #523,204
  • May 27, 2020 3:03am May 27, 2020 3:03am
M30
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SCALP WIN
  • #523,205
  • May 27, 2020 3:04am May 27, 2020 3:04am
Quoting Moty
last hourly candle say " the drop is here " {image} {image}
Moty, please can you share your trade panel
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #523,206
  • May 27, 2020 3:05am May 27, 2020 3:05am
At present, the H1 average is at 2300 and the hourly has just closed below it. This is not good news to the bulls
  • #523,207
  • May 27, 2020 3:06am May 27, 2020 3:06am
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price just came back to 1 pip of the over night target. So let’s just wait as it might just consolidate here on 1 min break or reject of the top tl then look to 2266
  • #523,208
  • May 27, 2020 3:06am May 27, 2020 3:06am
I'm stepping away for now.
Price can do what it wants but as I see it could be temporarily bottoming out.
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"Pain + Reflection = Progress"-Ray Dalio
  • #523,209
  • May 27, 2020 3:07am May 27, 2020 3:07am
Just saying, this H4 shows a level which we are unlikely to cross today:

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Gone to a better place
  • #523,210
  • May 27, 2020 3:12am May 27, 2020 3:12am
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day chart mmmm
  • #523,211
  • May 27, 2020 3:13am May 27, 2020 3:13am
just wasting time for something , no fake out yet !take care4
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #523,212
  • May 27, 2020 3:14am May 27, 2020 3:14am
100+ all closed waiting for new setups.lets punish these brokers
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Watch me trade Live on YouTube
  • #523,213
  • May 27, 2020 3:15am May 27, 2020 3:15am
Quoting ongtrumvn99
{quote} ADD LONG 1.2293
SCALP WIN
  • #523,214
  • May 27, 2020 3:18am May 27, 2020 3:18am
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1..5 min needs a big push here
  • #523,215
  • May 27, 2020 3:19am May 27, 2020 3:19am
Quoting fontu
just wasting time for something , no fake out yet !take care4 {image}
hope so
  • #523,216
  • May 27, 2020 3:22am May 27, 2020 3:22am
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yes yes yes
  • #523,217
  • May 27, 2020 3:23am May 27, 2020 3:23am
I had a short warning.
SCALP WIN
  • #523,218
  • May 27, 2020 3:23am May 27, 2020 3:23am
Price might hold here but don’t want it to hold to long as emas will or could turn over remember 4hour chart .. next if more up last nights holding level 2325
  • #523,219
  • May 27, 2020 3:24am May 27, 2020 3:24am
Quoting ongtrumvn99
I had a short warning.
Can you show what you mean .. regards
  • #523,220
  • May 27, 2020 3:24am May 27, 2020 3:24am
Quoting smikester
Just saying, this H4 shows a level which we are unlikely to cross today: {image}
You can see what they did, took out all the stops of the double top trades. Lacking direction now, on the H4 chart, unless we go up again...
Gone to a better place
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