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Cable Update (GBPUSD)

  • #524,901
  • Jun 2, 2020 8:42am Jun 2, 2020 8:42am
Today short will continue to lose, please wait and see.
SCALP WIN
  • #524,902
  • Jun 2, 2020 8:42am Jun 2, 2020 8:42am
Long @ 2551 on M5
Attached Image (click to enlarge)
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in wondering about yourself, you forgot what you came here to be part of
  • #524,903
  • Jun 2, 2020 8:43am Jun 2, 2020 8:43am
Quoting mkvy
{quote} Yes but not if you were buying 100's of pips below.... in that case, buyers are very happy with the situation playing out. Time to enjoy the outdoors amazing weather, Not spending time chasing ripples in a TSUNAMI
That's true. But people need to take profit at some point.
Learn from your mistakes and march on.
  • #524,904
  • Jun 2, 2020 8:46am Jun 2, 2020 8:46am
BYE BYE POUND

I DARE YOU TO GO LONG NOW
  • #524,905
  • Jun 2, 2020 8:47am Jun 2, 2020 8:47am
Quoting SFundamental
Value wise - not looking great for Cable - closed my long https://www.tradingview.com/x/SKd1o1mj/
Result

https://www.tradingview.com/x/tT2gTpq3/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #524,906
  • Jun 2, 2020 8:47am Jun 2, 2020 8:47am
Quoting dimadono
BYE BYE POUND

"The retail TOP"
  • #524,907
  • Jun 2, 2020 8:48am Jun 2, 2020 8:48am
Quoting Bones
Imagine that- holding a huge loss, then the government come along and take that off you @ break even rather than let you go bust, haha Unrest in the US on the terrible police action, but what if they knew the bill that's being created in the name of holding the rickety ship together. I know all countries take this super risky route how can they unwind it.But US seems on a massive scale. Luckily they hold the reserve currency status. I been thinking the china row is a major developing market story which can influence $,but then again we retail might...
So overall you are looking for a big dump of US equities along with a massive buying of dollars? then all will reverse?

Interesting, and its very probable
COT: The precious data ignored
  • #524,908
  • Jun 2, 2020 8:48am Jun 2, 2020 8:48am
gotta a go - have a good one
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #524,909
  • Jun 2, 2020 8:48am Jun 2, 2020 8:48am
Quoting here2there
{quote} That's true. But people need to take profit at some point.
yeah, 1.3250
  • #524,910
  • Jun 2, 2020 8:52am Jun 2, 2020 8:52am
Quoting Siame
LONG 1.26400 next resistance it seems. A close below yesterday's High invalidates this Bullish Bias. .
Out at 1.25469. +37pips

Looking to reenter.
  • #524,911
  • Jun 2, 2020 8:52am Jun 2, 2020 8:52am
Quoting mkvy
{quote} yeah, 1.3250
there should be 100/200 pips correction along the way up though
COT: The precious data ignored
  • #524,912
  • Jun 2, 2020 8:53am Jun 2, 2020 8:53am
Quoting mkvy
{quote} "the retail top"
correct. Lets see what happens now...
  • #524,913
  • Jun 2, 2020 8:54am Jun 2, 2020 8:54am
I think the $ wants the tl and the dow wants the highs for the moment
Its no mistake the rally started before the line ,its left untouched

Quoting kuroro001
{quote} So overall you are looking for a big dump of US equities along with a massive buying of dollars? then all will reverse? Interesting, and its very probable
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #524,914
  • Jun 2, 2020 8:56am Jun 2, 2020 8:56am
Quoting kuroro001
{quote} Imagine US stocks go down ,dollar too.....USA would be ruined. Not to mention commodities prices are not rising...a recipe to a disaster.
The Empire will not crumble without being sacked first. The looters have only just begun. It will take them a while longer to finish their work.
  • #524,915
  • Jun 2, 2020 8:59am Jun 2, 2020 8:59am
that would be major cable line not touched
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #524,916
  • Jun 2, 2020 9:01am Jun 2, 2020 9:01am
Quoting Bones
I think the $ wants the tl and the dow wants the highs for the moment Its no mistake the rally started before the line ,its left untouched {quote} {image}
I am thinking the same. I think it may happen around Oct-Nov.
  • #524,917
  • Jun 2, 2020 9:02am Jun 2, 2020 9:02am
GBPUSD Monthly chart showing Bullish Harmonic Pattern that has been formed a while ago & currently we are seeing strong bullish trend. Expecting to go beyond 1.31xx
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  • #524,918
  • Jun 2, 2020 9:07am Jun 2, 2020 9:07am
News for USD, tomorrow.

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Together we can be strongest
Vantage Return This Month: na
  • #524,919
  • Jun 2, 2020 9:09am Jun 2, 2020 9:09am
any dip is only buy opportunity in GU.
Intraday only.
  • #524,920
  • Jun 2, 2020 9:10am Jun 2, 2020 9:10am
Quoting mkvy
{quote} yeah, 1.3250
There are two very strong levels of resistance prior to that. Such areas should not be ignored.
Learn from your mistakes and march on.
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