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Cable Update (GBPUSD)

  • #606,761
  • Jul 2, 2021 5:29pm Jul 2, 2021 5:29pm
Quoting Bones
still bearish on weekly= red is good enough, inverted failure by break give daily credit it might have a little in it monthly is high probability-bear {image} {image} {image}
what’s your target next week on gu
  • #606,762
  • Jul 2, 2021 5:33pm Jul 2, 2021 5:33pm
Quoting OnlineAddict
{quote} 91.50 might break next time we are there...simply because noone expects it anymore. So staying bullish on GU for now...3900+- minimum next week...then lets see.
You might well be right.
We have come off an important area I have been watching for sometime.
I'm not convinced by last month as it is not engufing.

Cable trick I think, tricked me for a bit. Will close shorts Monday I think.
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Compulsions can be hard to resist
  • #606,763
  • Jul 2, 2021 5:41pm Jul 2, 2021 5:41pm
Quoting Pat Chiko
{quote} {image}
lol close its on the right line ,, good night all
  • #606,764
  • Jul 2, 2021 5:43pm Jul 2, 2021 5:43pm
1.39500 the lost area. Lets keep in there an back to bottom
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #606,765
  • Jul 2, 2021 6:38pm Jul 2, 2021 6:38pm
first id have to see it to believe it can go positive ,stay frosty ,
stay focused on what's on offer
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #606,766
  • Jul 2, 2021 6:40pm Jul 2, 2021 6:40pm
Quoting shakmoney
{quote} what’s your target next week on gu
I need to see it open first
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #606,767
  • Jul 2, 2021 6:42pm Jul 2, 2021 6:42pm
Quoting Bones
{quote} I need to see it open first
Are you gonna be short or depending on where it goes?
  • #606,768
  • Edited 7:59pm Jul 2, 2021 7:24pm | Edited 7:59pm
Quoting Bones
first id have to see it to believe it can go positive ,stay frosty , stay focused on what's on offer {image}
Doesn't the body have to engulf the previous candle body?
Compulsions can be hard to resist
  • #606,769
  • Jul 2, 2021 8:43pm Jul 2, 2021 8:43pm
Here is my analysis for next week
here is my analysis for next week
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  • #606,770
  • Jul 3, 2021 12:04am Jul 3, 2021 12:04am
so, i don't know what the close, FXCM for me is the most accurate.
1.38247 on FXCM, most of the brokers around 1.383 what showing engulf bullish day.

for me daily still no buying, but SBR will hold?

4h showing bulls power that can lead the price at least to around 1.388-1.39 after hitting the median of the pitchfork (engulf and sort of HH)

i dont know how the week is going to open, i hope bears will finish the mission soon.
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  • #606,771
  • Jul 3, 2021 12:45am Jul 3, 2021 12:45am
1.37344 IS the 0.886 retracement of the last bug move
look at price , there is never a perfect double top or double bottom ,
the crooks manipulate and make a false break and trap traders and reverse.
because the retail traders put their order exactly at the right price
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yes yes yes
  • #606,772
  • Jul 3, 2021 12:50am Jul 3, 2021 12:50am
took partials on longs.
cant wait to spend it on fireworks and the whores this weekend
  • #606,773
  • Jul 3, 2021 12:54am Jul 3, 2021 12:54am
Quoting gatenio
so, i don't know what the close, FXCM for me is the most accurate. 1.38247 on FXCM, most of the brokers around 1.383 what showing engulf bullish day. for me daily still no buying, but SBR will hold? 4h showing bulls power that can lead the price at least to around 1.388-1.39 after hitting the median of the pitchfork (engulf and sort of HH) i dont know how the week is going to open, i hope bears will finish the mission soon. {image}
This is the close price from cnbc and they are pretty reliable...
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Data + Stat + Risk/Emotions Management
  • #606,774
  • Jul 3, 2021 1:00am Jul 3, 2021 1:00am
Quoting Bones
first id have to see it to believe it can go positive ,stay frosty , stay focused on what's on offer {image}
Hello Bones, the bounce I was outlining two days ago did occur to 1.3820 area, this price can't keep a smooth pattern without some corrections...
Data + Stat + Risk/Emotions Management
  • #606,775
  • Jul 3, 2021 1:24am Jul 3, 2021 1:24am
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  • #606,776
  • Jul 3, 2021 1:35am Jul 3, 2021 1:35am
Quoting Pat Chiko
{quote} You failed miserably. Bring M back ! We wan 200% guarantee.
Attached Image

Sorry everyone I failed you
  • #606,777
  • Jul 3, 2021 1:38am Jul 3, 2021 1:38am
Quoting Georginson
{quote} This is the close price from cnbc and they are pretty reliable... {image}
Thanks. So its even lower than fxcm.
so no engulfing daily.
  • #606,778
  • Jul 3, 2021 1:54am Jul 3, 2021 1:54am
Not the best but i do think GU has uptrend potential coming week, my notes on it:

Notes on news
After NFP data published, USD fades on bull potential as expectations for fed to change rates are rejected due to unemployment data.
British covid on rising, BOE speech signaled that it does not directly attribute to decline in economy growth.

Technicals
-Matching data with past rebound has the potential to test 1.4000 mark in the next coming 2 weeks, above could lead to an overbought situation and can snap back
-1.38000 resistance breakout signifies the end of bear trend for GBP/USD
-Potential buy-in area at 1.381/80 as adjustments are expected on Monday before continuation of bull run
-watch close for the test of 1.3900 marks expected on Tuesday 13 july, it should touch there and whether it pass resistance is up to FOMC.

https://www.tradingview.com/chart/GB...week-5-9-july/
  • #606,779
  • Jul 3, 2021 1:55am Jul 3, 2021 1:55am
Quoting Georginson
{quote} This is the close price from cnbc and they are pretty reliable... {image}
GU always closes with a big spread, the median was around 3830.
Everyone can see the chart, but only a few can actually read it.
  • #606,780
  • Jul 3, 2021 2:08am Jul 3, 2021 2:08am
200 sma band
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yes yes yes
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