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Cable Update (GBPUSD)

  • #608,581
  • Jul 10, 2021 9:07am Jul 10, 2021 9:07am
Quoting nAVIN2007
{quote} I hope u are right..I am trying very hard to not have a bias and am trying to scalp into long term trades..I see further down..however, the top may be challenged and I guess, perhaps be broken too Lockdown restrictions in UK due to end...will be positive news for bull

Hi nAVIN,

you're in Health Sector, you should know better.
Is Lock down going to end, means UK going to lax on administer Vaccine ?.

Still puzzle with UK decision to reduce vaccine administer. ?

From chart, it is logical choice to reduce Vaccine administer.


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,582
  • Jul 10, 2021 9:19am Jul 10, 2021 9:19am
Quoting Pat Chiko
{quote} Hi nAVIN, you're in Health Sector, you should know better. Is Lock down going to end, means UK going to lax on administer Vaccine ?. Still puzzle with UK decision to reduce vaccine administer. ? From chart, it is logical choice to reduce Vaccine administer. {image}
Pat, it’s because the vaccination programme has now reached a level that most adults have had at least one if not two jabs.
Insane in the Brain..
  • #608,583
  • Jul 10, 2021 9:34am Jul 10, 2021 9:34am
Quoting BeeTogether
{quote} Pat, it’s because the vaccination programme has now reached a level that most adults have had at least one if not two jabs.

Yeah,

I thought ,the Minister of Health is using Technical Analysis & Chart pattern to lower the number of vaccine administer.

Then the chart is just coincidence. lol

Thanks, looking forward going to UK, once border open up.

Cheers & Good luck England going against Italia tonight.

PAT

Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,584
  • Jul 10, 2021 10:47am Jul 10, 2021 10:47am
What are your views on the Gbpusd for next week Pat, Since you have a logic approach to trading.
  • #608,585
  • Jul 10, 2021 10:48am Jul 10, 2021 10:48am
Watching the crowds at Wimbledon is a early signal of what’s to follow in terms of COVID infections.
  • #608,586
  • Jul 10, 2021 11:08am Jul 10, 2021 11:08am
Quoting Pat Chiko
{quote} Hi nAVIN, you're in Health Sector, you should know better. Is Lock down going to end, means UK going to lax on administer Vaccine ?. Still puzzle with UK decision to reduce vaccine administer. ? From chart, it is logical choice to reduce Vaccine administer. {image}

the health secretary needs to listen to u
  • #608,587
  • Jul 10, 2021 11:09am Jul 10, 2021 11:09am
Quoting Vincent1
{quote} There is no big news from last week The Weekly candle is a bullish signal given the close on the top and the engulfing of the previous candle. This shows once again how strong was the April support below 1.3750. The length of the last candles does not worry the Bears too much: the bullish signal is there, but it is not as strong as the bearish one of the past weeks {image} The market moved sideways, correcting after falling from 1.4250 to 1.3730. As written last week, it would have been too risky for long-term Bears to sell back below 1.3930....

I cannot disagree, think u pretty much summed it up
  • #608,588
  • Edited 12:58pm Jul 10, 2021 11:27am | Edited 12:58pm
Saw this in the Economist over the weekend, surprisingly large amount of people here want the lockdown restrictions to never end

https://www.economist.com/britain/20...demic-lockdown

Bizarre, goes to show how powerful the government fearmongering and propagandizing has been
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  • #608,589
  • Jul 10, 2021 11:51am Jul 10, 2021 11:51am
let's see what happens at top of the channel.
based on what I'm seeing on volume bulls don't have any more steam in them and they would let the bears drive it down
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  • #608,590
  • Jul 10, 2021 1:11pm Jul 10, 2021 1:11pm
#GBPUSD / H4
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  • #608,591
  • Jul 10, 2021 1:50pm Jul 10, 2021 1:50pm
Quoting mysterio
Saw this in the Economist over the weekend, surprisingly large amount of people here want the lockdown restrictions to never end https://www.economist.com/britain/20...demic-lockdown Bizarre, goes to show how powerful the government fearmongering and propagandizing has been {image}

I think a lot has to do with working from home, my wife loves it, she saves a fortune, time and it is not as exhausting. I think majority of people save a fair bit and it is this which they favour imho
  • #608,592
  • Jul 10, 2021 2:58pm Jul 10, 2021 2:58pm
Quoting nAVIN2007
{quote} I think a lot has to do with working from home, my wife loves it, she saves a fortune, time and it is not as exhausting. I think majority of people save a fair bit and it is this which they favour imho
kind of agree there working from home has been great I suppose a happy medium will be a split enjoying some restrictions as going out for a meal is now over crowded etc even the tubes are enjoyable
Insane in the Brain..
  • #608,593
  • Jul 10, 2021 3:28pm Jul 10, 2021 3:28pm
Quoting nAVIN2007
{quote} I think a lot has to do with working from home, my wife loves it, she saves a fortune, time and it is not as exhausting. I think majority of people save a fair bit and it is this which they favour imho
What most people don't understand or refuse to address is:
1) Companies invested BILLIONS in network infrastructure to process information quicker across the country and the world
2) Mgmt of these companies made sure that lower/mid level employees use video conf to conduct their business while they themselves enjoyed corporate travel justifying it as strategic mgmt importance (which is bullshit since non-mgmt emps are the ones that move products/services which generate revenue)
3) As network infrastructure and speed improved, mgmt used that opportunity to outsource jobs (especially process oriented and customer service) to cheaper countries resulting in cost cutting.

I fully support home office. In fact, those who can work 100% from home should be allowed without hesitation. This "pandemic" exposed the non-importance of working in a centralized office location.

There are mgmt who don't like this since it limits/reduces their importance in the workplace by not having people to kiss their butts in person.
Lost....
  • #608,594
  • Edited 7:19pm Jul 10, 2021 4:59pm | Edited 7:19pm
Quoting Mr.Burger
{quote} when the market is willing to follow the scenarios, have a nice weekend everyone {image}
Mr Burger,

Interesting view.
If this is a Butterfly Reversal pattern, then 127% Fib is aprox 1.4070, if it's Crab pattern, we can reach even higher 1.4170 before a big reversal.
Is this what you think?
  • #608,595
  • Jul 10, 2021 5:02pm Jul 10, 2021 5:02pm
Dissected GU from the W - D - 4H time frames. I think the first half of the week we'll see sells into the demand zone/bottom of bullish channel we see forming on the 4H time frame. The mid-week reversal should give us a bullish bounce from that 1.37500 zone into the 1.4000 zone. Fridays close gave us a new high for July and broke the previous swing high level. We'll see what the market wants to do next week!
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  • #608,596
  • Jul 10, 2021 6:15pm Jul 10, 2021 6:15pm
Quoting Jolita
{quote} Mr Burger, Iteresting view. If this is a Butterfly Reversal pattern, then 127% Fib is aporox 1.4070, if it's Crab pattern, we can reach even higher 1.4170 before a big reversal. Is this what you think?
Jolita,
actually... I'm not sure the price can get and pass 1.400 too much resistance between 1.390 to 1.400 ( 100p range ) almost all trading methodologies confluence in that zone, another reason is to look at the calendar event for the next week and I think usd will trigger the price movements, but we never know what will happen next, all we know is to take a small risk as possible
Daddy, Brother, Lover, Little Boy
  • #608,597
  • Jul 10, 2021 7:28pm Jul 10, 2021 7:28pm
Quoting nAVIN2007
{quote} I hope u are right..I am trying very hard to not have a bias and am trying to scalp into long term trades..I see further down..however, the top may be challenged and I guess, perhaps be broken too Lockdown restrictions in UK due to end...will be positive news for bull
i do agree with you that we should have no bias for short term trader.. i just trade what see in the chart..
Peace Yo!
  • #608,598
  • Jul 11, 2021 2:06am Jul 11, 2021 2:06am
The daily on Friday closed right at the top of the candle – an indication for more bullish action on Monday, Tuesday and possibly Wednesday, making it top for the next week with CPI / PPI news included. Although it looked pretty scary for all the trapped shorts, I think that there is light at the end of the tunnel (around 1.4000) and this bullish move will end soon. The selling will resume as per the chart below. Use stops!! IMO
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Did you place your stop loss order? Why not?!? Story of my life...
  • #608,599
  • Edited 5:20am Jul 11, 2021 4:13am | Edited 5:20am
Quoting shakmoney
{quote} so do you see a drop now?
shakmoney,

here's my trading plan for monday+
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Daddy, Brother, Lover, Little Boy
  • #608,600
  • Jul 11, 2021 4:17am Jul 11, 2021 4:17am
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Complete Cycle end at 1.39361
Exit for complete Cycle at 1.39660 / 1.39617
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