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Cable Update (GBPUSD)

Quoting imwim
{quote} Retail Sales (MoM) announced in May 2020 was -16.4%, so green data can be unrealistic or not with a decline in Mastercard SpendingPulse: U.S. Retail Sales Year-Over-Year in April versus March ?
Its your call..
Peace Yo!
Bought again at 1.4045 with TP sentiment to test 1.42
My observation may be wrong but intent correct. Stay calm!
Still short from last night at 14050 tp open no SL
Quoting navk
{quote} my buy entries are between 4038 and 4026. Average entry price 4033. My stop 4005. If I get 1 : 1.5 risk/reward, I am happy. If i get TP 4075, I am ok with it. Let us see.
i booked profits for my long entry at 4048.

Now, taken short at 4047.

stop 4060

TP at 4027
Intraday only.
Quoting Theoak
{quote} Well there was rejection from the resistance line on the 4 Hr. In no mans land! Will keep out until its makes its mind up. {image}
4Hr make your mind up?
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Don't trade what you think. Just what you see!!!
nothing to short ATM imo..
not before 4085 if this will stop the price.. can fly above 1.41

but what do i know?
Insolvent
Quoting mrluckystar
{quote} Its your call..
While Mastercard SpendingPulse: U.S. Retail Sales Year-Over-Year in March 2021 cover the April 2020 with -16.4% Retail Sales (MoM) announced in May 2020, and Mastercard SpendingPulse: U.S. Retail Sales Year-Over-Year in April 2021 does not, the 3% decline in Mastercard SpendingPulse: U.S. Retail Sales Year-Over-Year in April versus March can still give green data for today Retail Sales (MoM) announcement...
I am who I am
23 mins for lo , the drop wil come
1.41619-1.4774 drop area
tp area 1.9500-1.39750
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The 1hr pennanty/triangly thing broke to the upside after support found @ the prev 1hr sw lo x2 zone (dark blue) on the dip down. 1hr below. Now challenging original pullback hi off y/day's lo.

4086 is 50% of the total 4166-4005 drop. 4083 is Dly R1 on gmt+3 brokers.
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Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting navk
{quote} i booked profits for my long entry at 4048. Now, taken short at 4047. stop 4060 TP at 4027
i am not comfortable with this short entry.

Took 7 pips loss.

now will wait.
Intraday only.
I believe 1.41550 is normal ♾
4 8 12 16 20
Quoting Theoak
{quote} 4Hr make your mind up? {image}
Emperor of Rome says it's down day

Attached Image


If it goes up, please ask for refund from him.
DPP 1.4044
and
DeMark's ( investing )
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75 pips range
let's see if some side breaks

sentiment almost 50/50

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dolce vita
Quoting gatenio
nothing to short ATM imo.. not before 4085 if this will stop the price.. can fly above 1.41 but what do i know?
breakfast money,
now will wait for LO to rock the price alone
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Insolvent
Quoting babayaga
DPP 1.4044 and DeMark's ( investing ){image} 75 pips range let's see if some side breaks sentiment almost 50/50 {image}
she is already at 1.4065th ( Demark's R1)
dolce vita
it can reverse before 1.40774 , s&p contract reached 50 % retracement
drop mf
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Took my first short of day on supply in case of false Frankfurt break, stop at BE already

https://www.tradingview.com/x/cMI3xhBB/

May be wrong. Not totally sure on it but knew we'd get some reaction. Just a scalp

Didn't work. Stopped out at BE. No big deal. DXY coming up to demand level on h1 so lets see if this is real bull power.

Edit- took the same trade when i saw rejection above that high.

DXY in 1h zone

https://www.tradingview.com/x/lOXYGYk3/

Edit- just took 15 pips, quick smash and grab. I'd rather take 15-20 pips 4 times than 60-80 in one go.

PS those numbers are just numbering my trades for journaling not wave counts or anything
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buy ( small ) position to see...
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dolce vita
ignite your engine mister mf ucad
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Quoting babayaga
buy ( small ) position to see... {image}
TP 1.4130, without SL for now
dolce vita
57 traders viewing now, 18 are members:
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