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Cable Update (GBPUSD)

  • #564,281
  • Dec 8, 2020 1:51am Dec 8, 2020 1:51am
GBP/USD flirts with session lows, depressed below mid-1.3300s (fxstreet.com)
  • #564,282
  • Dec 8, 2020 1:52am Dec 8, 2020 1:52am
1.337 is the EDGE: above LONG, below SHORT
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  • #564,283
  • Dec 8, 2020 2:07am Dec 8, 2020 2:07am
Quoting helioss
1.337 is the EDGE: above LONG, below SHORT {image}
best enter both trades
  • #564,284
  • Dec 8, 2020 2:13am Dec 8, 2020 2:13am
It is stuck at POC I would go to sleep.
  • #564,285
  • Dec 8, 2020 2:18am Dec 8, 2020 2:18am
We suddenly have a resistance at 1.336. It was not there before.
  • #564,286
  • Dec 8, 2020 2:18am Dec 8, 2020 2:18am
Quoting Ehsank78
{quote} best enter both trades
In last 8h, sellers are quite absent, for me uptrend at moment is more probable.

In this situation the most important thing is not try to anticipate market,
  • #564,287
  • Dec 8, 2020 2:21am Dec 8, 2020 2:21am
astonishing stuff well done again bill gann
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twitter: @gettoefl
  • #564,288
  • Dec 8, 2020 2:50am Dec 8, 2020 2:50am
i can't see any good confirmation .. still waiting.. not going to open position also an option at the market..
Trade what you see, not what you think.. react and stay sharp..
  • #564,289
  • Dec 8, 2020 2:51am Dec 8, 2020 2:51am
wonder if anyone got this close in time and price yesterday
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twitter: @gettoefl
  • #564,290
  • Dec 8, 2020 2:54am Dec 8, 2020 2:54am
Just a thought.. how low would the UK have to lower its interest rates to stimulate the economy post Brexit?
  • #564,291
  • Edited 3:09am Dec 8, 2020 2:58am | Edited 3:09am
Quoting Schweet
Just a thought.. how low would the UK have to lower its interest rates to stimulate the economy post Brexit?
The same interest rate as now. We are at the lower bound.

It is the reason why Powell is howling out for fiscal stimulus because monetary policy doesn't have much more to give.

NB. They might knock it down to negative for a bit but that would damage the banks who would have to be subsidized if it was held there for any length of time.
  • #564,292
  • Dec 8, 2020 3:03am Dec 8, 2020 3:03am
high was piece of cake for gann ... he already showed in gann thread cable following a 4.5 month cycle ... what is half of four and a half, two and a quarter ... start october first and move forward two and quarter months and you get friday ... and people here thinking this is all about the news
twitter: @gettoefl
  • #564,293
  • Dec 8, 2020 3:05am Dec 8, 2020 3:05am
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yes yes yes
  • #564,294
  • Dec 8, 2020 3:05am Dec 8, 2020 3:05am
Quoting VM.
Some indecision here. Johnson will probably go to Brussels tomorrow, bulls have a chance to attack today. Not sure they need it though, the upward targets were reached last Friday. And we are right in the middle of the range, it is better to wait for now I think.
some long taking here - not hugh so some sort of pop is coming. uc much easier to trade so i'm playing there. good luck folks.
In tea leaves we trust!
  • #564,295
  • Dec 8, 2020 3:09am Dec 8, 2020 3:09am
Quoting Moty
DAILY open is above daily pivot , up move is Expected {image}
long atm
  • #564,296
  • Dec 8, 2020 3:32am Dec 8, 2020 3:32am
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sell here because romar trade for 40 profite or 40 stop loss
  • #564,297
  • Dec 8, 2020 3:51am Dec 8, 2020 3:51am
it is cooking..it ll be served very soon
99.9% persistence
  • #564,298
  • Dec 8, 2020 3:52am Dec 8, 2020 3:52am
extremes reached
99.9% persistence
  • #564,299
  • Dec 8, 2020 3:54am Dec 8, 2020 3:54am
it has stoped moving
99.9% persistence
  • #564,300
  • Dec 8, 2020 3:56am Dec 8, 2020 3:56am
gap!! gap! gap! gap! gap!
99.9% persistence
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