Cable Update (GBPUSD)

Bear still hungry, going down to 1.00000, everyone on the bear train choo choo

I'm short as everyone knows


No I don't care about fake news


Soooo

All lies about Brexit deaaaal and it's barely 95 pips up from the "average lying price"

Patent pending



Soooo

...

Soooo


If great news can lift that pound only 95 what will bad news do

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[quote=Not-KPMG;13328379]I'm short as everyone knows No I don't care about fake news Soooo All lies about Brexit deaaaal and it's barely 95 pips up from the "average lying price" Patent pending


Did u read the news?

..rumours of an announcement tonight persist ?

Pullback found support at the fibs shown on 1hr below in that prev 1hr/4hr sw hi = prev res = pot rbs zone that began @ 3500...

consider this:
35% of all US dollars ever printed were printed in the last 10 months.

Remember - it was essentially a 'rumour' that lifted price, not the real thing. I think the greater probability is that should a deal be announced tonight or tomorrow, price will spike up to whatsoever price and for howsoever long, no one knows, and we have very little to nothing to compare it to historically so it remains very difficult to pre-judge. All we know is that a 'relief rally/market reaction' after a period of extended uncertainty / pessimism about the result can be 'over-exaggerated. Ie we have seen when say NFP forecasts are not very good and the actual data comes out very good - there is a bigger than usual spike, and vice versa. Trade what we see. Assume nothing.

showing signs of going down, tomorrow Christmas eve, so, I do not expect much volatility

m30 still holding 3476 level for now.

Hi Catempire, below is essentially your favoured scenario on a deal being announced !

Well

Let's just admit that after a lot of Brexit lies and smokes the naive bulls got few pips ahead.


Congrats on dumb luck

i don't see price dropping below 1.34450

I fully agree with you, and finally you are looking NORTH =) my SM activity from 3468, but a drop to this number 3445 is possible

nice move - all impulse. da boyz have been accumulating since the top... massively. so she going higher imo much higher. only catch it could drift south tomorrow. buy the dips.

euro also was bought today but not as much.

i was out today. but not sure i would have taken this trade. as mentioned above - it was all impulse with very little structural buying before hand.

the pending news is probably fundy in nature imo.

And you are right, but for while read it as an movement ABC. If the price cross the top you know were will be the target.

Support is below the candles.