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Cable Update (GBPUSD)

  • #654,081
  • Mar 17, 2022 4:45am Mar 17, 2022 4:45am
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yes yes yes
  • #654,082
  • Mar 17, 2022 4:47am Mar 17, 2022 4:47am
Quoting Georginson
{quote} The market has a way of trapping traders and some may have fallen for it yesterday... Fundamentally speaking, USD had no reason to be weak yesterday after hike was done and it was even backed up with hawkish rhetorics. Now this move upward has a chance of trapping bulls once more again as price may do a turnaround and revisit 1.30 area and if broken still exposes 1.28. Pay very close attention to 1.3220 area, weekly close below this level is still bearish. if the low of 1.3000 stays unbroken, then expect 1.3550 within 3 weeks. if 1.3000...
5 wave of elliot , could possible also , will wait price action called later , still watching with tight one

i caution of a huge impulse up like kinda when we fall last time
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #654,083
  • Mar 17, 2022 4:53am Mar 17, 2022 4:53am
Buying aggressively till .3232, then living in my waterbed for the rest of the month.
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #654,084
  • Mar 17, 2022 4:53am Mar 17, 2022 4:53am
signal if breaks 1.31816
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yes yes yes
  • #654,085
  • Mar 17, 2022 5:02am Mar 17, 2022 5:02am
classic pull back
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yes yes yes
  • #654,086
  • Mar 17, 2022 5:03am Mar 17, 2022 5:03am
Quoting Georginson
{quote} The market has a way of trapping traders and some may have fallen for it yesterday... Fundamentally speaking, USD had no reason to be weak yesterday after hike was done and it was even backed up with hawkish rhetorics. Now this move upward has a chance of trapping bulls once more again as price may do a turnaround and revisit 1.30 area and if broken still exposes 1.28. Pay very close attention to 1.3220 area, weekly close below this level is still bearish. if the low of 1.3000 stays unbroken, then expect 1.3550 within 3 weeks. if 1.3000...
I do agree, bears not done yet. Expect BOE to spike GBP with possibility to reach 134 before bearish continuation. Too early to reverse. I might be wrong.
Thanks!
  • #654,087
  • Mar 17, 2022 5:09am Mar 17, 2022 5:09am
Currently short Gbpusd
  • #654,088
  • Mar 17, 2022 5:11am Mar 17, 2022 5:11am
trade for 28 pips
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yes yes yes
  • #654,089
  • Mar 17, 2022 5:12am Mar 17, 2022 5:12am
a very good sign! the cable and the gold are going their separate ways! just as i need them...
Maadik Hugiis. IQ 69.
  • #654,090
  • Mar 17, 2022 5:13am Mar 17, 2022 5:13am
Quoting Moty
classic pull back {image}
Collecting all stop losses, classic move
  • #654,091
  • Mar 17, 2022 5:14am Mar 17, 2022 5:14am
Quoting Georginson
{quote} The market has a way of trapping traders and some may have fallen for it yesterday... Fundamentally speaking, USD had no reason to be weak yesterday after hike was done and it was even backed up with hawkish rhetorics. Now this move upward has a chance of trapping bulls once more again as price may do a turnaround and revisit 1.30 area and if broken still exposes 1.28. Pay very close attention to 1.3220 area, weekly close below this level is still bearish. if the low of 1.3000 stays unbroken, then expect 1.3550 within 3 weeks. if 1.3000...
George, the weekly range is almost done at 1.32 (+/- 25).
To close below 1.3220 for the week would be normal IMO.
I'm looking at 1.3331 (4hr 200ma) for a possible reversal. At this point, we can see a revisit to the WPP 1.3100 before a move up.
Lost....
  • #654,092
  • Mar 17, 2022 5:15am Mar 17, 2022 5:15am
[quote=mtako;13935509]Buying aggressively till .3232, then living in my waterbed for the rest of the month. {image}[/quote

Today is day for Guinness!
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  • #654,093
  • Mar 17, 2022 5:15am Mar 17, 2022 5:15am
Quoting palpite
buy - 1.3135
trade closed - 1.3167
Together we can be strongest
Vantage Return This Month: na
  • #654,094
  • Mar 17, 2022 5:18am Mar 17, 2022 5:18am
Eurusd currently short
  • #654,095
  • Mar 17, 2022 5:20am Mar 17, 2022 5:20am
I am curious if BoE starts with a massive drop or a massive spike up, should be a good trading opportunity either way, so better to go unbiased into it.
Everyone can see the chart, but only a few can actually read it.
  • #654,096
  • Mar 17, 2022 5:22am Mar 17, 2022 5:22am
[quote=Jolita;13935541]
Quoting mtako
Buying aggressively till .3232, then living in my waterbed for the rest of the month. {image}[/quote Today is day for Guinness! {image}
you're bloody right!!! You better get at it lad and fill my bed with Kilkenny or my beor won't be happy when she gets home !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #654,097
  • Mar 17, 2022 5:24am Mar 17, 2022 5:24am
well to buy right now is quite risky coz when I look at H4... bearish is on the way.. so becarefull on buy guys..
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  • #654,098
  • Mar 17, 2022 5:36am Mar 17, 2022 5:36am
i am moving my tp to 1.31939
little piggi eat a many little meals
bug piggi get eaten
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yes yes yes
  • #654,099
  • Mar 17, 2022 5:43am Mar 17, 2022 5:43am
Quoting Houtbay
Eurusd currently short
even if you look from negative point
it will go at least to 1.11000
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yes yes yes
  • #654,100
  • Mar 17, 2022 5:46am Mar 17, 2022 5:46am
Quoting Georginson
{quote} if 1.3000 gets broken, expect sell off to 1.29 - 1.2850 area, which will provoke a bounce to 1.3356 area (January support turned resistance) Expect these sequence from March till end of May.. 1.3000 ^ 1.3220.... 1.2855 ^ 1.3356 ... 1.3000 ^ 1.3550. Cheers, George.
Well Said! All goes through up and down. Market already enters below 2 sets of sr, if this month not luckily test 2850 one the likely next month both 2850 and 2685. Too and forthe 2850 to to now price bounce possible. So good 3rd sets at 2850. And now? Do or not any further up bear likely range down in higher tf. So by 3/4 month we may see the most common range down 2400 . Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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