Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#563,881
Dec 6, 2020 2:27pm Dec 6, 2020 2:27pm

VM.
| Joined Feb 2020 | Status: Trader | 629 Posts

Quoting OnlineAddict

Disliked

{quote} Well, many still went long even there...or are still holding longs. Not much reward for those.

Ignored

Well, I did my best talking to bulls here and suggesting not to hold over the weekend and operate with reasonable stops on the weekdays (which -- stops I mean -- still may not help much when a no deal is declared).

And I am sure many bulls will jump in as soon as they would see 1.336. And they may even be right... but for how long?

#563,882
Dec 6, 2020 2:29pm Dec 6, 2020 2:29pm

Catempire
Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts

BREXIT: EU OFFICIAL: UK DEAL DEFINITELY NOT COMING TONIGHT, ALL THREE CONTENTIOUS ISSUES STILL OPEN.

talks ongoing some batting back and forth

next weekend EU council meeting.

Que Sera

#563,883
Dec 6, 2020 2:33pm Dec 6, 2020 2:33pm

KareemAliFx
Joined Oct 2019 | Status: Trader | 2,448 Posts

There has been developments regarding the key area which is fishing. But I am in no position now in tell we see this deal unfold or no deal unfold, I see this being 50/50 at the moment we must be patient.

Master your mind. Master Trading.

#563,884
Dec 6, 2020 3:13pm Dec 6, 2020 3:13pm

achv
| Joined Oct 2020 | Status: Trader | 26 Posts

Quoting Moty

Disliked

{quote} i hope it will hold until the open . we have 2 hours until that {image}

Ignored

And what is your view, almost every gap has been closed, or half closed.

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Not-KPMG

#563,886
Edited 3:35pm Dec 6, 2020 3:20pm | Edited 3:35pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

Quoting Catempire

Disliked

Bones. This is a government document of the possible issues of a no deal, the one they didn’t want to release. might want to take it into account when basing your analysis on not much more than gdp, fish & Tariffs... as you said, in your own words.. it requires a little more thought. happy to help you out. {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}

Ignored

Thats like a risk assessment ,
They never tried to hide it only people get the wrong idea when they read it .Yes you have to think it through yourself ,when we have such a deficit ,I don't see a negative in less imports from the EU

I agree if it is no deal it will be mayhem because (all) Governments are useless

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On-site guru & also FF member's' psychiatrist, when not drinking tea

#563,887
Dec 6, 2020 3:20pm Dec 6, 2020 3:20pm

Catempire
Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts

Quoting OnlineAddict

Disliked

{quote} Well, many still went long even there...or are still holding longs. Not much reward for those.

Ignored

Wonder if matey is still buying every $50 all the way down...

no doubt delighted by this most recent drop.

1.15 anyone ?

Que Sera

#563,888
Dec 6, 2020 3:21pm Dec 6, 2020 3:21pm

Catempire
Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts

Quoting Bones

Disliked

{quote} Thats like a risk assessment , They never tried to hide it only people get the wrong idea when they read it .Yes you have to think it through yourself ,when we have such a deficit ,I don't see a negative in less imports from the EU I agree if it is no deal it will be mayhem because (all) Governments are useless {image}

Ignored

This government are particularly shite tho it has to be said.

Que Sera

#563,889
Dec 6, 2020 3:22pm Dec 6, 2020 3:22pm

Sang.Real
| Additional Username | Joined Mar 2020 | 1,607 Posts

GU

Closing GAP

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#563,890
Dec 6, 2020 3:37pm Dec 6, 2020 3:37pm

VM.
| Joined Feb 2020 | Status: Trader | 629 Posts

Closed my pre-trade deal in profit, actually was pretty easy even with 10-12 pip spread.
Given the positive development on fishing, they may try to lift GU up again if that suits the market.
I still don't see a deal, fisheries were always a red herring, level-playing field is the most important issue, and things don't look promising there.

#563,891
Dec 6, 2020 3:57pm Dec 6, 2020 3:57pm

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

Here's my take on the GBPUSD, from the technical perspective of a swing trader. The GBPUSD H4 time frame shows a weakness in bullish momentum and an increase in bearish pressure. The last two H4 candlesticks on Friday showed a significant bearish drive from a horizontal resistance area but the shadows on both ends of the candlesticks indicate that bears are still not in control of price action. Presently, price action has briefly pulled back from the minor horizontal support around 1.34000. Should bears regain control of price action, a significant bearish breakdown of the 1.34000 area may incentivize them to target the next significant horizontal support around 1.33000 (green).

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money

#563,892
Dec 6, 2020 3:58pm Dec 6, 2020 3:58pm

FXGray
| Joined Dec 2020 | Status: Trader | 1 Post

Quoting VM.

Disliked

fisheries were always a red herring.

Ignored

Deal or not, at least we have this excellent pun.

#563,893
Dec 6, 2020 4:35pm Dec 6, 2020 4:35pm

Catempire
Joined Nov 2013 | Status: Only thing to change was the view. | 2,444 Posts

Daily mail.

blojo ready to walk away within 48 hours... other mps said chances of a deal are at best 50%.

Que Sera

#563,894
Edited 6:52pm Dec 6, 2020 6:35pm | Edited 6:52pm

miedpreneur
| Joined Oct 2020 | Status: Trader | 537 Posts

hi all.. good morning .. curently we sitting on 50. fibo level from Last High on friday.. we may seen retest to the upside from here.. i expect 1.3480 or above still intact from here .. and planed to go short again at that level..

also i see small signal..upside move from m15 TF and m30 TF..

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