Cable Update (GBPUSD)

Quoting Sang.Real

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{quote} Thinking the same. But, I waiting to buy at lower price later Mean while just scalp first from the set up visible @ lower Support zone. H1 & H4. Chart {image} {image}

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Quoting Headland

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... price reached the 61.8% of y/day's 4211-4115 down move and a new current dly hi... in the prev 1hr sw lo zone =prev supp=pot sbr. 1hr below. It's a typical range isn't it? 1st a move to upside in asian session, then price taked out asian session/the then current dly lo, then a move to upside taking out the then current dly hi. Lol. Apparently random swings in pre-defined borders but they are actually the bulls and the bears trying to take control and achieve a b/o which may persuade more to join their team. {image}

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Quoting nAVIN2007

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{quote} it is not worth it basically very tight range and I quess if u have to trade the triangle, this is what I see potential breakout and retest???? {image}

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Quoting BeeTogether

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{quote} The triangle is too tight for my liking. However a drop below 141 should open doors for a major drop and likewise a break above 14220 a major rise. As we are currently middle of both it’s a sit and wait scenario for me

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Quoting pipfarm

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Daily larger degree swing and trend is up The larger degree swing subdivided into minor swings and the minor trend is up The minor waves subdivided into intraday swings and the intraday trend is up Now taking a look at the current price action using the 4H to see what the intraday waves are doing we can see price moving in a triangular pattern with an abcd and e in the final stages of completion or possibly complete as e would be an impulse as its moving with the triangular pattern corrective direction. So essentially we would be looking for a move...

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Quoting mrluckystar

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Short here @67 sl-10

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Quoting KiwiTrada

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"edit" yesterdays doji Open/Close 1 4154 may cause aliitle trouble. bears looking ruthless / eg back to 8653 tempted to sell her again cluster of resistance there abouts, cheap entry 13 or 17 pip sl ?????

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Quoting JillyB

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Low volumes today - I don't see it doing much now until the US open. For my trades 2 buy and 2 sell trades - so an upward movement to around 1.41700 and then to head downwards would suit me! But, the markets will do what they want and I will sit tight and wait to see what happens. No more trades for me now until the US open.

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Quoting Moty

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{image}

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Quoting KiwiTrada

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{quote} this trade cost me, but I really wanted a short near the top of the channel, Im thinking present pa is more eu weakness than gbp strength 70/30 what interest me is the fake bo south on Friday, it may be indication of direction, "if" she bo again, 20 sma then 38 fib, if they go 50fib and 8617 maybe on the cards with the view to further south, 85 00 is first extension, this maybe small payback to eu BS?? {image}

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Quoting mrluckystar

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{quote} Dxy at junction... let see if she can break.. {image}

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Quoting helioss

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{quote} Let they work...thy are hnting bears stops ,) {image}

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Quoting gatenio

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{quote} GU up, dxy up. this is very good news for dollar.. try to short GU as high as you can. I have two pending sell on 1.42 and 1.421

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Quoting JayBag

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I smell PRESSURE. Seatbelt checked Take care gang

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Quoting mysterio

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Short again from 1.4172 Notice this pattern a lot, go for the orders either side of the Asian range before choosing a direction. See also last Friday. Locked at BE, hopefully at least make my earlier 7 pip loss back. Not to say we won't break up but I guess we're locked in this triangle until NY https://www.tradingview.com/x/Fwwi0jYN/ Edit-BE.. wait for NY

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