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

what we can say is its bearish under the tl ,we also have a strong pattern of rejection h4 ,bearish weekly now ,with break downside of last.
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#doyourownanalysisordietryin
gbp strong at Thursday,
today's ( if index { already on top floor - range 92.3 thru 94.6 } do the bottom spike at 92.5 if
you can see as this goes lower ,then buying or thinking of uptrend,
gets worse-
numbers lower than today are not an uptrend number to buy.
information is there before it close.
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#doyourownanalysisordietryin
You're also see later that isn't a candle that can be changed ,if it ended with a long wick ,it would still be bearish unlike the other one ,because of its location.
But I doubt the bulls can bring it back into the body of last regardless.
#doyourownanalysisordietryin
let see boy and evening
Quoting spatel522
Market will close below the 2780 mark so the Sept high will hold. We should expect a further decline before a sideways move going forward.
That 4th level you have is gone like a puff of smoke ,now you can join the bear camp ?
#doyourownanalysisordietryin
of course thats not sound reasoning ,it needs to take 4 of my levels -
on it's own.
#doyourownanalysisordietryin
Nothing much to do now
Absolutely expecting an outside bar today (70% probability that this happens today)!
the optimal will be pull back to the pivot line ,
i all ready put pending order at the break of yesterday low if the crooks decide to run away without it.
any way from lo i will sell new hourly low
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Market movement is very suspicious. So Long or Short? I am still on my plan "Long". Let see where this "B" will going
Pending Stop entered
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Quoting Moty
the optimal will be pull back to the pivot line , i all ready put pending order at the break of yesterday low if the crooks decide to run away without it. any way from lo i will sell new hourly low {image} {image}
what if your pending order triggers and it pullback to pivot before the sell continues ? that's 60 pips against.
Quoting epzero
{quote} what if your pending order triggers and it pullback to pivot before the sell continues ? that's 60 pips against.
better for bears not try to attack the pivot.. i could bring temporary buyers for more pips 100+
but anything can happen,
month is about to close in few days, month balncing can take us to more trips like yeaterday- bottom to top to bottom.
i can see 1.2788 on my chart for possible pullback, not going to bet on it.
You can only lean on those things which provide resistance
Today's gonna be a bumpy ride
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Time is your friend; impulse is your enemy! - John Bogle
And it's go time.
Short position is running.
Entry 1.27106
Sl 1.27300
Tp 1.26200
Will trail stop it on every hourly close
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Quoting Moty
the optimal will be pull back to the pivot line , i all ready put pending order at the break of yesterday low if the crooks decide to run away without it. any way from lo i will sell new hourly low {image} {image}
I told you price went under yesterday and now for further declines but this could be fast.
Keep the Lights on then you can catch the rise from the dark.
It has to stop somewhere, 1.2280 I guess could be a good support. But maybe too far...
Twitter: Rummer_grapes
Yesterday daily candle was the first time from long ago that retraces perfectly in a swing movement in a downtrend.. Maybe it can be the start of real trend trading rather than the hovering at whatever levels and bouncing back in range trading as was for many months now!

No better than swing trading and breakout trading when market does it right in simple flow of motion..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
Quoting tomiko
time to sell i think.. smaller lots. cutloss if H1 closed above 1.281
another 60pips bagged.
"If you run, you'll only die tired." - Sniper's philosophy
Quoting gatenio
{quote} better for bears not try to attack the pivot.. i could bring temporary buyers for more pips 100+ but anything can happen, month is about to close in few days, month balncing can take us to more trips like yeaterday- bottom to top to bottom. i can see 1.2788 on my chart for possible pullback, not going to bet on it.
we need to kill the buy mentally , this is exactly what happened in march, we should be selling the rally. DXY has broken a key price so cable has more room to the down side.
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