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Cable Update (GBPUSD)

  • #547,241
  • Sep 10, 2020 2:01am Sep 10, 2020 2:01am
The close of the last hour says it all
  • #547,242
  • Sep 10, 2020 2:01am Sep 10, 2020 2:01am
Quoting gatenio
{quote} right but it can pullback to 1.3150 this week imo. and if the week will finish in that area it will bring more buying pressure, early to tell.
well, if that happens I will switch to buy mode.. flow with the wave.
Le$$ I$ More
  • #547,243
  • Sep 10, 2020 2:24am Sep 10, 2020 2:24am
Quoting epzero
The close of the last hour says it all
I think waiting for the current 4hr CS to close will let us know the actual market bias for the day..
Attached Image (click to enlarge)
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Le$$ I$ More
  • #547,244
  • Sep 10, 2020 2:39am Sep 10, 2020 2:39am
Looking for Support first before making new high (D1)
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  • #547,245
  • Sep 10, 2020 2:40am Sep 10, 2020 2:40am
this is the same pattern like in January

impulse move , crooks manipulation ( is it a break ? , is it a false break ?,is it a drop ? , no , it a retracement/ reversal )
, and then another push up

up up and away
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yes yes yes
  • #547,246
  • Sep 10, 2020 2:41am Sep 10, 2020 2:41am
G/M, asian session flat with an early London break up rebuffed @ 3035. Steepest 1hr desc t/line break though. All a bit mixed atm....dly pa uptrend damaged with y/day's lo - not fractal print yet but will be when forms now below last 3 x HL's on that t/f, wkly pa uptrend remains ok....and the pa downtrend on 1hr damaged too in a similar way by the move back up off y/day's lo.....4hr pa downtrend still ok though atm. 3053 (3053 also = dly R1) begins the next dly pot sbr if tested.
Trader with an Edge.
  • #547,247
  • Sep 10, 2020 2:43am Sep 10, 2020 2:43am
Quoting Roszey
{quote} Long for now. Weekly range is over 300pips so it natural it will pullback.. My sell analysis failed so I am waiting for a good move sell again..
no need to wait
london open formed short setup for now
1.2995 is the level to watch for break downside
  • #547,248
  • Sep 10, 2020 2:49am Sep 10, 2020 2:49am
Quoting DailyChart
{quote} no need to wait london open formed short setup for now 1.2995 is the level to watch for break downside

I like to wait at least 1 hr after London Open, too many Dealer traders etc doing their thing in this first hour to get an honest read of what is going on, sometimes one can be lucky to get the right direction on open or in the first hour, but me thinks best after all the 'squable' has come to an end to get a better read, also 1hr after London Open is Tokyo close ? So lts of positioning and getting spot deals off / on the books in this time.

In short, difficult
  • #547,249
  • Sep 10, 2020 3:00am Sep 10, 2020 3:00am
Quoting BitcoinBoff
{quote} I like to wait at least 1 hr after London Open, too many Dealer traders etc doing their thing in this first hour to get an honest read of what is going on, sometimes one can be lucky to get the right direction on open or in the first hour, but me thinks best after all the 'squable' has come to an end to get a better read, also 1hr after London Open is Tokyo close ? So lts of positioning and getting spot deals off / on the books in this time. In short, difficult
That's you not me
then let's see how difficult The short it is for now till NY Open later
  • #547,250
  • Sep 10, 2020 3:01am Sep 10, 2020 3:01am
... bearish 1hr close follow thru off the prev 1hr pinbar close. 2976 the 1st 1hr/4hr prev sw lo to the downside - 38.2% of the pullback off y/day's lo to today's current hi there too.
Trader with an Edge.
  • #547,251
  • Sep 10, 2020 3:09am Sep 10, 2020 3:09am
damn brits double dipped on us! (maybe)
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  • #547,252
  • Sep 10, 2020 3:14am Sep 10, 2020 3:14am
Quoting WhipKream
damn brits double dipped on us! (maybe){image}

Im seeing it same as you, but then i see DailyChart's short also.

Not convinced yet where we going, the short keeps on building for now.

maybe down for london, then Up in US
  • #547,253
  • Sep 10, 2020 3:16am Sep 10, 2020 3:16am
Hi guys I think today will be bullish. I'm waiting for a good price to buy
  • #547,254
  • Sep 10, 2020 3:26am Sep 10, 2020 3:26am
H4 is very clearly
Attached Image (click to enlarge)
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  • #547,255
  • Sep 10, 2020 3:32am Sep 10, 2020 3:32am
I guess EUR and GBP bulls want to really push higher before ECB conference and Brexit-related news, but understandably find it tough. Still, they probably would be able to do something, as I always say, 50 pips move is always possible with G/U, maybe they can even get to 1.31.
  • #547,256
  • Sep 10, 2020 3:41am Sep 10, 2020 3:41am
... I guess a lot will be expecting a bullish follow-thru off y/day's daily candle ?....just had the 'congestion 2nd b/o' phenomenon - ie 1st b/o of this 1hr cong was false - - pullback to it and now a 2nd attempt to break out to the upside again.
Trader with an Edge.
  • #547,257
  • Sep 10, 2020 4:00am Sep 10, 2020 4:00am
it certainly looks bully
in wondering about yourself, you forgot what you came here to be part of
  • #547,258
  • Sep 10, 2020 4:05am Sep 10, 2020 4:05am
the bulls run is here
i will tp half at daily r1 and half at daily r2
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yes yes yes
  • #547,259
  • Sep 10, 2020 4:08am Sep 10, 2020 4:08am
Quoting Moty
the bulls run is here i will tp half at daily r1 and half at daily r2 {image}
let's go !

  • #547,260
  • Sep 10, 2020 4:16am Sep 10, 2020 4:16am
https://www.forexfactory.com/news/10...rong-euro-with

If true will it drag £ down intraday ?
-----------------------------------------

Above current dly hi that prev 4hr/dly sw lo = prev supp= pot sbr starting at 3053. 1hr below
Attached Image (click to enlarge)
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