Cable Update (GBPUSD)

Quoting Wavegarrick

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Hi Guys, I would like to say that I want to go long GU at this point. Here is what is holding me back at the moment. Gu is giving me subtle bullish hints. However I would like to see a daily higher high and higher low, There is also an all in all important 4-month ascending trend line at 1.24850 ish which has been broken to the downside My weekly pivot at 1.24571 just touched and slightly breached. I am cautious with Gu and there is alot more I can say when it comes to EurGbp with the euro and pound seemingly decoupling and Usdx which by the way...

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Quoting joesherwood

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TP hit! done for the day. With trades this morning. +2% Joe also finally booked my haircut for the first time in 5 months {image} {image}

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Quoting Student21

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{quote} Hey, thanks for pointing out. I am based on the big channel acting as TL resistance. I am expecting to see a top made in 1 hour...to confirm my short, let's see. {image}

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Quoting Siame

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Added 1.24621

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Quoting Moty

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if it break down , gu will fly {image}

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Quoting Kimjoun

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i think very good spot to reload short indeed. nice rr too {image}

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Quoting HaLBot

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As they say necessity is the mother of invention and i'm sure there's a more appropriate saying but just can't thinkof it right now..... I have a credit card I must clear b4 30th of June(Run a business) so had to make sure my account topped $6600 by this week and managed to make $7800. This was done by breaking all the rules and I don't recommend doing it yourself unless your prepared for the risks... Essentially making 46 Benjamins in two days this week as last Friday I went backwards......DOH {image} {image} {image}

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Quoting navk

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24-hour view: “Expectation for GBP to ‘edge lower’ yesterday was wrong as it rebounded strongly by +0.99% (NY close of 1.2471). While overbought, the robust recovery has room to extend towards 1.2525. For today, the next resistance at 1.2565 is unlikely to come under threat. Support is at 1.2445 followed by 1.2420.”. FXSTREET

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Quoting Scotteyy

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{quote} Jheez well played.

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Quoting Mitiblotch

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{quote} FXstreet doesn't care. Edit: my way of trading long ago was to wait for exhaustion of daily range and then trade for few pips retracement. It used to work. These days price just going up and down like crazy. I booked my buys early.

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