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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting mysterio
{quote} Hey yeah I'm actually hindsighting, But I do see a very good short and long opportunity tight SL around Frankfurt/LO. Just keeping it chill this week. It can be valuable to review opportunities in the past even if you don't take them. Here we see the usual quick runs on liquidity whilst the market decides where to go next. In particular the market running some short term lows at Frankfurt before running into demand at 8am and quickly rallying to supply, entry can be BOS and retrace into a small imbalance pool Actually its a nice feeling...
Example of what I mean using volumes
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Quoting fxmasterdxb
{quote} Haha im long from 1.3423 and enjoying green pips mate
nice, but how long? happy trading !
Jan low 13450

i expect monthly to close below this number


there should be enough buyers in 2nd week of October..

buying now should be a scalp because the down is not over October candle should test 20sma before we see 200-250 pips up

JUST MY VIEW
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I NEVER LOSE/=I EITHER WIN OR LEARN
Quoting stevepatt
{quote} Hi Maximumheigh, A chart makes it much easier to see and adds weight to what you are saying Just a thought.... {image}
A Pro Chart Steve. Cheers
Quoting maxi444
{quote} nice, but how long? happy trading !
1.3525 by today or max tomorrow, 1.3595 by next week
Due to testify, along with US Treasury Secretary Janet Yellen, about the Coronavirus and CARES Act. They must print more banknotes, but they are very talented for this, don t hope too much...
Quoting donfriday
Jan low 13450 i expect monthly to close below this number there should be enough buyers in 2nd week of October.. buying now should be a scalp because the down is not over October candle should test 20sma before we see 200-250 pips up JUST MY VIEW {image}
thx for the view..
on bigger TF (1d,1w,1month) i see this down move not over yet..

and intraday can very tricky especially small TF below 4H..
scalp buy is very tempting right now, with good money management it can work..
but as we know sometimes we defeated by ours greedy and FOMO thing it always happen to me..

once again thx for the view and analysis in the past day i read all your post and it very help me and im sure it help ppl in here too..

cheers..
Trade what you see, not what you think.. react and stay sharp..
Quoting stevepatt
{quote} GBP/USD Short Trade {image}

GBP/USD 2nd Short Trade Added
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Market still in anticipation of 1.3510 an extension to 1.3610 possible being catalysed by 14;00gmt key event. We yet see no road down, happy trading
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Quoting NotAtrader
{quote} Of course mate. Everyone is entitled to share a view. As for the support you mention, I would say this is rather a consolidation zone after such a brutal fall during the recent days. Naturally there will be a breakout. It can go anywhere from here, but the momentum is still very bearish. I can be wrong. Happy trading.
One also has to consider the time of the month and what has been afoot for some months now.

To break below the average or to bounce from it is the question I would be considering.

This is a good place to sit on ones hands to wait and see, else just take small scalps.
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GU - H4
Complete Cycle at 1.3450

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Quoting Moty
{image}
Imagination is Powerful Weapon
Waiting candle H4
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
the show of the support 3433 = 10 pips
1.3490 in the next hour or two
Quoting fxmasterdxb
1.3490 in the next hour or two
This is my Tp on 2 trades opened at 134.25/26
Quoting Jolita
{quote} This is my Tp on 2 trades opened at 134.25/26
Great! Im planning to tp @ 1.3525

I expect a pull back after touching 1.3490, probably to 1.3460/55 then a final push to 1.3525 maybe slightly higher
Higher made. Now price need retrace
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Quoting fxmasterdxb
{quote} Great! Im planning to tp @ 1.3525 I expect a pull back after touching 1.3490, probably to 1.3460/55 then a final push to 1.3525 maybe slightly higher
If price going to break that. Better not touch it yet. Better retrace near 10-15pip and the burst
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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