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Cable Update (GBPUSD)

  • #578,561
  • Feb 17, 2021 7:45am Feb 17, 2021 7:45am
Quoting JackintheBox
Holy core retail sales up like hell, strong USD fundamentals
Something isn't quite right with this "alleged" better than previous month's retail sales.

Last month's retail sale ought to be one of the very best for the outgone year.

Mainly due to the shopping done by a lot of people in December.

Interestingly, we saw negative values - a very strange occurrence.

Now they have come up with a far better than expected retail sale.
  • #578,562
  • Feb 17, 2021 7:46am Feb 17, 2021 7:46am
... mad few minutes around that U.s data...could be a falling wedge thingy on 1hr as wolfram shows above on 15min. 1hr below. Pullback from 3951 is nearly100pips. More to come?

Quoting pipcenturion
{quote} Something isn't quite right with this "alleged" better than previous month's retail sales. Last month's retail sale ought to be one of the very best for the outgone year. Mainly due to the shopping done by a lot of people in December. Interestingly, we saw negative values - a very strange occurrence. Now they have come up with a far better than expected retail sale.
they were buying all the 'MAGA' merchandise in clearance sales.
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Trader with an Edge.
  • #578,563
  • Feb 17, 2021 7:48am Feb 17, 2021 7:48am
Quoting pipcenturion
{quote} Something isn't quite right with this "alleged" better than previous month's retail sales. Last month's retail sale ought to be one of the very best for the outgone year. Mainly due to the shopping done by a lot of people in December. Interestingly, we saw negative values - a very strange occurrence. Now they have come up with a far better than expected retail sale.
Stimulus checks, checks arrived to people in Jan I believe
  • #578,564
  • Feb 17, 2021 7:50am Feb 17, 2021 7:50am
Quoting pipcenturion
{quote} Something isn't quite right with this "alleged" better than previous month's retail sales. Last month's retail sale ought to be one of the very best for the outgone year. Mainly due to the shopping done by a lot of people in December. Interestingly, we saw negative values - a very strange occurrence. Now they have come up with a far better than expected retail sale.
Maybe just maybe someone doesn't telling the truth all the time , unbelievable I know
  • #578,565
  • Feb 17, 2021 7:51am Feb 17, 2021 7:51am
Great numbers from US.
While UK still locked down, and talk of it ending in July.

Bull run over?
A fool and his money are easily parted
  • #578,566
  • Feb 17, 2021 7:52am Feb 17, 2021 7:52am
GU is oversold. Too optimistic about US data... buy dips of GU in discount!
Damage
  • #578,567
  • Feb 17, 2021 7:53am Feb 17, 2021 7:53am
Quoting MozzChops
Great numbers from US. While UK still locked down, and talk of it ending in July. Bull run over?
July, are you for real. I live in Scotland and i've been in lockdown for a year pretty much. Absolute torture.
  • #578,568
  • Feb 17, 2021 7:53am Feb 17, 2021 7:53am
Quoting mysterio
{quote} Stimulus checks, checks arrived to people in Jan I believe
Stimulus cheques are $1400 (£1010) while uk on furlough are being paid upto 80% of £2500 ($2,770) and have been being paid 100% ($3460 - every month) since March last year.
A fool and his money are easily parted
  • #578,569
  • Feb 17, 2021 7:53am Feb 17, 2021 7:53am
Now getting close to my TP.
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  • #578,570
  • Feb 17, 2021 7:54am Feb 17, 2021 7:54am
Quoting abconqq7
GU is oversold. Too optimistic about US data... buy dips of GU in discount!
Brilliant
  • #578,571
  • Feb 17, 2021 7:58am Feb 17, 2021 7:58am
Quoting mysterio
{quote} July, are you for real. I live in Scotland and i've been in lockdown for a year pretty much. Absolute torture.
That's what they are talking about. They want under 1k cases a day.
The lunatics are running the asylum.
A fool and his money are easily parted
  • #578,572
  • Feb 17, 2021 8:01am Feb 17, 2021 8:01am
Quoting randu
{quote} Whaaatttt? {image}
Together we can be strongest
Vantage Return This Month: na
  • #578,573
  • Feb 17, 2021 8:04am Feb 17, 2021 8:04am
Quoting abconqq7
GU is oversold. Too optimistic about US data... buy dips of GU in discount!
I don't get it.
Air force
  • #578,574
  • Feb 17, 2021 8:05am Feb 17, 2021 8:05am
... the current dly lo ia deeper into the dly part of that prev 1hr/4hr/dly sw hi zone = prev res = pot rbs right @ the 23.6% downside extension of y/day's dly candle and those 2 aforementioned fibs 3847/42...also @ top of a prev 1hr sw hi zone =prev res=pot rbs. Biggest pullback now in 4hr/dly/wkly uptrend since that 3577-3566 a couple of weeks or so ago. This dly pot rbs zone that began @ 3866 extends to circa 3837. 3831 is a fib, 3825 is Dly S2.

Solidly bearish 1hr and gmt+2 4hr closes a few mins ago.

1hr below.
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Trader with an Edge.
  • #578,575
  • Feb 17, 2021 8:06am Feb 17, 2021 8:06am
Quoting abconqq7
GU is oversold. Too optimistic about US data... buy dips of GU in discount!
Better stay away today... I know what you mean, but the big flush downside still coming... in general that level hold where we are now, I know what you mean but datas were really strong. Can push through and the daily Stoch. keeps rolling to the downside, aim is 1,3650 around be careful.

Another phenomen occurs currently Wolfram yesterday showed. We are above xxx(?) Ma (don't know anymore) for 87 days now... that accoured twice in 20 years. To get to that line GBP/USD has to drop more than 200 pips from current level. Again: happended twice in 20 years. That is the third time. On bigger frame highly overbought. Needs to correct. Reason why that currently happens I explained before. When that ends -> flush.
  • #578,576
  • Feb 17, 2021 8:07am Feb 17, 2021 8:07am
1.38553 sl for short
  • #578,577
  • Feb 17, 2021 8:09am Feb 17, 2021 8:09am
Quoting randu
Hope it will be fine.... {image}
Blue button is very tempting to push right now.
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  • #578,578
  • Feb 17, 2021 8:09am Feb 17, 2021 8:09am
Quoting W0lfram
{quote} I don't get it.
You are not alone
  • #578,579
  • Feb 17, 2021 8:12am Feb 17, 2021 8:12am
Time to Short.
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  • #578,580
  • Feb 17, 2021 8:15am Feb 17, 2021 8:15am
1.3870 being pivot, short term levels to watch:

Support zones
1.3835
1.3846
1.3859
Resistance zones if it goes back up
1.3883
1.3894
1.3907
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