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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Theoak
long in at 1.3113
market want to play with us ruff..
Cable is really acting weird today
Quoting pipfarm
{quote} Strange no short entry signal given on the gbpusd short maybe the current up swing is part of a daily correction abc ,will see tomorrow when the -20 gdp figures are announced and we are officially in recession and worst of all the G7 countries but the gold trade was perfect dropped 85 dollars {image}
It was announced over here a couple of weeks back that Australia is now in recession, it was no big deal given the current situation.....
Wonder how the markets will react to the news in the UK
im keeping out of cable for now , the current hourly move up does not look impulsive , looks more corrective to me, still think its will drop its just a question of waiting


i think its gonna be a slam dunk suprise massive down move tomorrow or overnight
Follow The Markets Structure - Patience and Discipline
I Let this here to see how it plays
Tp at 1.30600
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I think cable is being pulled up by GBPJPY breaking above a 6-day tight bullish flag.
Now GBPJPY being drawn towards its 5thJune high (139.74) and 140 figure, which is like only 70 GBPJPY pips away.
Likely many orders there waiting to trigger.
Quoting HBN08
I Let this here to see how it plays Tp at 1.30600 {image}
Closed manually to risky , got some pips
Must be sure this is nnot a retest in the trend line in usdix
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dont understand why price is dropping

the only think in my mind is.. well, this is forex.
Quoting OxyGen_FX
I think cable is being pulled up by GBPJPY breaking above a 6-day tight bullish flag. Now GBPJPY being drawn towards its 5thJune high (139.74) and 140 figure, which is like only 70 GBPJPY pips away. Likely many orders there waiting to trigger.
tought the same, on other days it was on the opposite GU was leading and GJ was following. GJ Long was today a good opportunity
Quoting gatenio
dont understand why price is dropping the only think in my mind is.. well, this is forex.
Its in full retard mode i guess, still.... very confusing for everyone for sure
Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
Quoting Fredo219
I pray this downtrend continues so i can short cable on Wednesday . This will be my first trade for the month (Wednesday). Have a great weekend guys
Patience.....
Down Down Down
naked trader
Trapped in the Bermuda Triangle.. Time will tell
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Retail Broker, Institution and Bank Butt Whipper
Moment of Truth - You have no clue All Time Profit: -£6,701
The market always corrects in 3 waves, sometimes its zigzag sometimes triangle etc, no 3 wave correction in cable based on the dip LL LH from daily which i watch on the hourly for the 3 swings and entry and i did not see the 3rd swing yet, now daily has a HH HL which i think is a trap for bulls ,so that is telling me i should be watching the 4 Hour for the swings and entry,,, based on that we could be moving into a very big abc (c)swing down. i could be wrong but my entry signal is usually pretty good and without that i will not do anything.

When the c swing starts moving it is usually pretty strong.
Follow The Markets Structure - Patience and Discipline
Quoting mkvy
{quote} Its in full retard mode i guess, still.... very confusing for everyone for sure
Market is ranging up and down with no clear direction mostly we retail trader make losses in this type of situation better avoid trading and enjoy life.
We should know when not to trade !
Success is simple. Do what's right, the right way, at the right time.
Quoting gatenio
dont understand why price is dropping the only think in my mind is.. well, this is forex.
because H4 hit 3131
As long as H4 stays above 3063 it can still attack that level ad push up.

below 3063 it all changes
in wondering about yourself, you forgot what you came here to be part of
this is so good , thanks to the guy who posted this
Attached Image
Obviously cable want to go down. Unfortunately USDX stuck at daily pivot.
naked trader
Any trader having joy in this GBPUSD sideways market atm? Maybe scalpers.

Stay safe, trade safe.

KP
Do your homework, follow the footprints of smart money
the price needs to stay above 3075 and needs to break 3100
Intraday only.
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