Cable Update (GBPUSD)

Quoting Georginson

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Quick stat: Price has always fallen below the weekly opening price by 5 pips or more in the last 130 trading weeks. The last time price failed to drop below the weekly opening price by 5 pips or more was 15th of January 2018 and that week had a range of 218 pips. Year 2020 has not had 3 consecutive weeks of buying, in fact only twice in 2019 did 3 consecutive weeks of buying take place between September- December 2019

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Quoting despichtt

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Nice divergence on the short TF confirmed by a good pop from stochastics and a bit of a candle; just TP previous high Also selling pressure just before the black vertical didnt materialise; often good sign for reversal {image}

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Quoting knkie

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{quote} if it happened twice in 2019 then on average once every 6 months. We are in June, the 6th month. If it has not happened yet this year, then the probability that it will occur very soon is high.

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Quoting smikester

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{quote} Trading above last week's high at the moment. I feel short might not be a good strategy unless expert scalper is on the job.

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Quoting despichtt

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{quote} Yes, looks more bullish on the higher TF's; just scalping the krep for the moment

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