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Cable Update (GBPUSD)

  • #562,381
  • Dec 1, 2020 3:45am Dec 1, 2020 3:45am
it will rise from here
Attached Image (click to enlarge)
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yes yes yes
  • #562,382
  • Dec 1, 2020 3:45am Dec 1, 2020 3:45am
33500 ll hold. am not sure for how long
99.9% persistence
  • #562,383
  • Dec 1, 2020 3:45am Dec 1, 2020 3:45am
Quoting ruhut
All in sell. full margin. TP 1.32. end of story.
i told u all. why no one believe me.
now i set SL at BEP, aiming 1.32
Bye Bulls!
  • #562,384
  • Dec 1, 2020 3:45am Dec 1, 2020 3:45am
Quoting Catempire
{quote} Probably before next week and the EU parliament ... Spike on a deal... then drop on reality. FTSE is starting to react differently and oil majors on FTSE have stopped rising with the oil price he last few days, some of them starting to turn to the downside... all signs the market is starting to take note.
FTSE has some space above on weekly if you see. That rise will assist the pound down. Techs and key levels line up well on both.
  • #562,385
  • Dec 1, 2020 3:46am Dec 1, 2020 3:46am
Quoting Maximumheigh
{quote} Good morning friends. As quoted, I am only looking for opportunity to short this. I just loaded some shorts. Let see how it goes! IMO {image}
Offloaded some shorts. More downward move coming. Alot of untest Ss down there. A little pullback, I will load more shorts. IMO
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  • #562,386
  • Dec 1, 2020 3:46am Dec 1, 2020 3:46am
Quoting OnlineAddict
3407->2900 before Christmas.
I sure hope so but dunno if it will go that far down.....
Lost....
  • #562,387
  • Dec 1, 2020 3:46am Dec 1, 2020 3:46am
Quoting Georginson
{quote} Bulls attacking, bears defending sums it all up. Very well put. Also noteworthy that is easier to score through counter attack as the attacking team will leave the defense wide open.
depends on trend, bear train bear moves are always more volatile and strong, bull pullbacks, retracements are more steady and constant vice versa for bull train, market has been bullish usd yen and franc accordingly relative prs have been in down trend since 2008, the only downside is swap often goes against mentioned bears :-(
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  • #562,388
  • Dec 1, 2020 3:47am Dec 1, 2020 3:47am
Quoting gatenio
{quote} yes, clearly possible. but gu since last friday clearly looking his way down.. since the price wont really breakout of 1.34 every tick is a bear win for now. i only scalping the highs till i will get the hit on the SW zone i posted earlier. if it will break and resist i will short it for days. maybe this what going to happen? {image}
Im bullish, but i like this analysis, thanks for sharing!
  • #562,389
  • Dec 1, 2020 3:47am Dec 1, 2020 3:47am
New support formed, if it breaks then cable may turn bearish

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Follow The Markets Structure - Patience and Discipline
  • #562,390
  • Dec 1, 2020 3:49am Dec 1, 2020 3:49am
Quoting zuluremys
33500 ll hold. am not sure for how long
twilight zone!
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  • #562,391
  • Dec 1, 2020 3:50am Dec 1, 2020 3:50am
... I think the bears just did this to the bulls lol ! 61.8% of 2216-3407 reached at current pullback lo
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Trader with an Edge.
  • #562,392
  • Dec 1, 2020 3:50am Dec 1, 2020 3:50am
Quoting pipfarm
New support formed, if it breaks then cable may turn bearish {image}
that level is the close of the week before last.
  • #562,393
  • Dec 1, 2020 3:50am Dec 1, 2020 3:50am
Quoting goldfish3
{quote} FTSE has some space above on weekly if you see. That rise will assist the pound down. Techs and key levels line up well on both.
Up to 6500 ish ?

Look for entries for shorts there at some point this month.
Que Sera
  • #562,394
  • Dec 1, 2020 3:51am Dec 1, 2020 3:51am
Quoting Catempire
{quote} Up to 6500 ish ? Look for entries for shorts there at some point this month.
right before the holidays

edit: yea 6560 round about looks good.
  • #562,395
  • Dec 1, 2020 3:53am Dec 1, 2020 3:53am
Quoting goldfish3
{quote} right before the holidays
Yes was also thinking it will be a later move on the FTSE while they squeeze the blood out of it.
Que Sera
  • #562,396
  • Dec 1, 2020 3:55am Dec 1, 2020 3:55am
Quoting Headland
... I think the bears just did this to the bulls lol ! 61.8% of 2216-3407 reached at current pullback lo {image}
99.9% persistence
  • #562,397
  • Dec 1, 2020 3:55am Dec 1, 2020 3:55am
Quoting OnlineAddict
3407->2900 before Christmas.
OA, base on what you predict the time?
bars counting?
  • #562,398
  • Dec 1, 2020 3:56am Dec 1, 2020 3:56am
Quoting ruhut
{quote} i told u all. why no one believe me. now i set SL at BEP, aiming 1.32 Bye Bulls!
take the money and run , you got lucky to gain from this bears trap
Attached Image (click to enlarge)
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yes yes yes
  • #562,399
  • Dec 1, 2020 3:58am Dec 1, 2020 3:58am
Quoting ruhut
{quote} i told u all. why no one believe me. now i set SL at BEP, aiming 1.32 Bye Bulls!
Bears can't break 1.3350...I think you are getting a little too excited but I am happy/relieved that your full margin short worked.
  • #562,400
  • Dec 1, 2020 3:59am Dec 1, 2020 3:59am
Quoting KiwiTrada
{quote} I put up 15min chart just to check! strength of 1 34 resistance, 15 min wick only, 30min wick only, hrly same 4hrly same daily same weekly same monthly same back to late 2017, so when exactly did bears do bad analysis
swissy inverse to eu is very similar parity was attacked by bulls mid 2019 since then only 3 monthly wicks above right now she may be putting in a bottom doing the opposite @ 9000 monthly 2 taps and 1 wick all in the last 4 months, possible bottom building, which doesn't bode well for eu bulls :-) I guessing 1 2000 being her top, could be worth eyeball 1 1981 at the moment!!!
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