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Cable Update (GBPUSD)

GU should reverse from here, if BoE don't make a dovish surprise next week.

Added another long from here:

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I make my own luck.
Am thinking any move back up into the consolidation/distribution zone, has to be faded:

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Will readdress this 2moro
Quoting kris89
{quote} lets see if 1.3520 hold and we can see that pick up for getting fuel to above later , price sure need ranging after that long down , lets see 1.35200 n 1.34600 ranging will be occur for a few day
Lets see after these ranging accumulation will occur and reverse it
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Quoting Nordling
GU should reverse from here, if BoE don't make a dovish surprise next week. Added another long from here: {image}
Price could spring first below that double bottom
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
buy - 1.3443
Together we can be strongest
Quoting palpite
buy - 1.3443
bought also @1.3440
last night my long position is TP at 1.35100 >.< cause see fomc will do dump first
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Quoting Georginson
{quote} 1.3528 is a very critical zone... The only way bulls can wrestle this fight back in their favour is to close above 1.3528 this week otherwise bears will set an aggressive attack to 1.3293 - 1.3300 within days.
The Decision seems to be already made... Prepare for 1.3300 - 1.3293 in days ahead.
Bulls possible from 3440.
Taken long
Intraday only.
Quoting kris89
{quote} bought also @1.3440 last night my long position is TP at 1.35100 >.< cause see fomc will do dump first
I have 2 points of resistence, - 1.3460 and 1.3490
Together we can be strongest
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ill let today candle decide where we go to close weekly candle

as georgi mention monthly close of january could drag/trap seller better keep caution and trade low risky
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #649,671
  • Quote
  • Edited 11:51pm Jan 26, 2022 10:35pm | Edited 11:51pm
Looks a killing but still not! Anyway next weekly candle be decision making! Better range more days! If pandemic any isuue at all also now .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
incase if price back to level 1.35200 , will broke that R for sure , if price cant even pass 1.3500 it will down for sure
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #649,673
  • Quote
  • Edited 11:52pm Jan 26, 2022 10:48pm | Edited 11:52pm
Month ranging, in correction mode may carry on next 2 months! Medium ranges and somewhere to start scalping again!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting kris89
{quote} bought also @1.3440 last night my long position is TP at 1.35100 >.< cause see fomc will do dump first
add more @1.34320 , will add more if price manage to breach 1.34700

will close the position if price manage to close below 1.34200
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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And the winner is.......Mr Gann

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POSTMASTER
  • #649,677
  • Quote
  • Edited 1:52am Jan 27, 2022 1:31am | Edited 1:52am
likely try for top failure level 3372 , so better wait to see it any reversal attempt again before scalping even . next sr 3407! take care
next signal up breaks 3432 for 3467 towards resistance 3490!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting fontu
likely try for top failure level 3372 , so better wait to see it any reversal attempt again before scalping even . next sr 3407! take care {image} {image}
Why do traders like trouble not kearning, from all our mistakes over years and months.

If nothing has been learnt, learn to know the trend and follow the trend, you would get it 80% of the tine. Following this smaller time frames would continue to hurt your trades..

The trend now is short, take bounce if 50pips or more not as change in trend but swing for new Entry....

Enjoy the ride on 4hrs and daily am sure your panic trades should scale down...
  • #649,679
  • Quote
  • Edited 2:05am Jan 27, 2022 1:52am | Edited 2:05am
stop for my longs 3419.

3420 to 3500 probably today.

Or else 3400 to 3500./20

IMO
Intraday only.
Quoting babaeffah
{quote} Why do traders like trouble not kearning, from all our mistakes over years and months. If nothing has been learnt, learn to know the trend and follow the trend, you would get it 80% of the tine. Following this smaller time frames would continue to hurt your trades.. The trend now is short, take bounce if 50pips or more not as change in trend but swing for new Entry.... Enjoy the ride on 4hrs and daily am sure your panic trades should scale down...
no worry , following this trend strong down , but multiyear bottom ranging also playing presently and I like to join the leg down next too , as I am multi years bear for long time for this pair!! follow your trend ! only scalping at places , now wait for next and not to panic , take care yourself, thanks for concern!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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