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Cable Update (GBPUSD)

  • #524,641
  • Jun 1, 2020 2:28pm Jun 1, 2020 2:28pm
Also Brits' negative current account balance as % of GDP is bigger than USA, so the pound depends more on external capital flows than the USA, and much of that capital was coming from China, Arab oil money, Russian oil money - all three of which are kinda hurting right now.

Add to that the massive USD needs of the (insanely big, compared to UK economy) London finance sector..not good for pound right now
  • #524,642
  • Jun 1, 2020 2:30pm Jun 1, 2020 2:30pm
based on ratio GU didn't give any bearish sign yet as majority small traders area short so market makers might push little bit high to hit their stops
Attached Image (click to enlarge)
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  • #524,643
  • Jun 1, 2020 2:32pm Jun 1, 2020 2:32pm
Quoting msniper
based on ratio GU didn't give any bearish sign yet as majority small traders area short so market makers might push little bit high to hit their stops {image}
we still got that beautiful "double top" bear trap at 1.2650 to snap closed
  • #524,644
  • Jun 1, 2020 2:35pm Jun 1, 2020 2:35pm
I am short from 2500 into 2250 min, possibly 2000 or lower.
Everyone can see the chart, but only a few can actually read it.
  • #524,645
  • Jun 1, 2020 2:35pm Jun 1, 2020 2:35pm
Quoting msniper
first chart is for my previews analysis and price managed to go up just like I expected after closing above 1.2250 now price finally reached to the cup and handle target , inside my SELL square area and at the same time I have a possible harmonic patter support that we might have a major top soon so or me am out of any long and I will be getting ready to enter short tomorrow or after lets see any sign for reversal target 1.18xx so far {image} {image}
Got an interesting line 1,1750...i'm curious to see if we can reach here

I'd say, 1,2090 is possible, below would be a bonus
COT: The precious data ignored
  • #524,646
  • Jun 1, 2020 2:42pm Jun 1, 2020 2:42pm
Quoting OnlineAddict
I am short from 2500 into 2250 min, possibly 2000 or lower.
Went short at 940

tp 80 and SL 40

just gonna hold and leave.
  • #524,647
  • Jun 1, 2020 2:45pm Jun 1, 2020 2:45pm
Quoting kuroro001
{quote} Got an interesting line 1,1750...i'm curious to see if we can reach here I'd say, 1,2090 is possible, below would be a bonus
Spot on
Data + Stat + Risk/Emotions Management
  • #524,648
  • Jun 1, 2020 2:46pm Jun 1, 2020 2:46pm
Attached Image (click to enlarge)
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next tl if it can hold . Watch 5 min crossover
  • #524,649
  • Jun 1, 2020 3:00pm Jun 1, 2020 3:00pm
Cable stretching up into resistance
Attached Image(s) (click to enlarge)
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Compulsions can be hard to resist
  • #524,650
  • Jun 1, 2020 3:48pm Jun 1, 2020 3:48pm
Quoting Bones
so many forever bears ,but USD doesn't look healthy with a lunatic at the helm. {image}
Hi B . When you look at the chart it looks soooo simple
  • #524,651
  • Jun 1, 2020 3:54pm Jun 1, 2020 3:54pm
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monthly levels
  • #524,652
  • Jun 1, 2020 3:57pm Jun 1, 2020 3:57pm
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yes yes yes
  • #524,653
  • Jun 1, 2020 4:06pm Jun 1, 2020 4:06pm
The daily pivot has gone up about 150 pips, now what?
  • #524,654
  • Jun 1, 2020 4:14pm Jun 1, 2020 4:14pm
many are going to blow their account today.

still bullish
Intraday only.
  • #524,655
  • Jun 1, 2020 4:19pm Jun 1, 2020 4:19pm
is this level, there uk parlament voted for deal brexit, or you know that i mean, that spike, check charts 4h, it means somehting? remember last year night, people also didnt see head and shoulder, until it heapendDD
  • #524,656
  • Jun 1, 2020 4:21pm Jun 1, 2020 4:21pm
also said that night, that weird, big candle couldn't close above level, not good, its OK to be bullish, if you holding from weekend,
  • #524,657
  • Jun 1, 2020 4:30pm Jun 1, 2020 4:30pm
mistake, double top is from that parliament vote level..
  • #524,658
  • Jun 1, 2020 4:36pm Jun 1, 2020 4:36pm
GBPUSD
This pair break ascending channel resistance. In future it will go long.
Attached Image (click to enlarge)
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  • #524,659
  • Jun 1, 2020 4:38pm Jun 1, 2020 4:38pm
Quoting joesherwood
{quote} Went short at 940 tp 80 and SL 40 just gonna hold and leave.
changing to 40 and 20

will let it run in my sleep
  • #524,660
  • Jun 1, 2020 4:50pm Jun 1, 2020 4:50pm
You sure ? Can't be cheap raising the Dow
Quoting tehnoob
{quote} true, but the Brits are currently ahead of the Americans in monetisation of the virus deficits Brits' printing press already going BRRRRRRRRR whereas Americans' still only brrrrrr
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