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Cable Update (GBPUSD)

I'm still buying, call me crazy... Who knows possible triple top on dxy weekly/monthly?
Quoting Pretense
I'm still buying, call me crazy... Who knows possible triple top on dxy weekly/monthly?
if your Money Management is good nothing is crazy.
Quoting Pretense
I'm still buying, call me crazy... Who knows possible triple top on dxy weekly/monthly?
The normal thing is for it to break that top first before coming down. And that would mean much lower prices for GU. Someone mentioned 2050. But let's see how it goes. I kinda feel the bottom isn't in. In any case, money management is important.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting fxmasterdxb
{quote} I have been doing some further analysis, gu could drop tomorrow to 1.2050 I have multiple confluences on this level, hence no more trading gu tomorrow until nfp unless price gets to 1.2050 where i will be buying aggressively
Can go either way, who knows maybe 1.2600 later?
Hi all,
In my chart 1.225x can be real bottom in this year, I cant see 1.205x or even 1.215x but everything can happen, Im placed some more pendings there but this is all, my MM calling stop, no more buys managed some with shorts but for me we are real close to bottom of this year, trade safe all!
Quoting ScalaFX
Hi all, In my chart 1.225x can be real bottom in this year, I cant see 1.205x or even 1.215x but everything can happen, Im placed some more pendings there but this is all, my MM calling stop, no more buys managed some with shorts but for me we are real close to bottom of this year, trade safe all!
GBP/USD stays on the way to June 2020 low surrounding 1.2250 unless crossing the immediate hurdle, namely the weekly swing high close to 1.2640.
M5 Short Trade
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morning that was last nights guess
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and this morning we have this 1. Will it bounce on the line I have drawn . 2 emas a are trying to go flat so to be honest as I posted not to sure today for now ???? But let’s just follow the same trading plan and hopefully we make some more money .
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1.222 today or sunday
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Play of the day:
look for short between to eqh to the OB with stoploss Above OB
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as we can see .4 lots feelers going long and buy orders left over night .. 3 ..5 lots going short doji candle at the top of the 1 hour previous. But trending in a range .. we saw Fontu draw his numbered predictions by calculating the big candle and adding the range size to come up with a possible short number if ?? If it breaks out … hope that all makes sense … after all I am just a YouTube taught trader
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pennant playing out here .watch for false breakout . If ?? If it plays as it should we see doji the bear candle the next candle pullback on the previous bear candle . Good possible entry for short .. then let’s see how it plays out now we know some type of plan .
Break the price of the important area of 12500 in daily time. The probable return area is 1.2200. In this area(1.2300), there are signals to climb, but the break of 1.2500 area may lower the price to 1.2200 ... and then we will have a climb to 1.2800 to 1.300
Check the lost areas more
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I pray for the rain of gold from the sky for you and me
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added another sell but the problem is the bottom tl on the pennant
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worked out well . All live trades for you . My thought possesses. My tl and pennant drawn .. my trading plan . Now it’s where do I take profit . As I said watch false breakout so all the 5 lot trades are all safe with profit . I hope it helps and here ending the lesson . I hope you were following
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livery trade in 1 hour all live and we can see the profit . It’s a no leverage account but imagine if it was it would of been 10 times that in 1 hour . But I never use leverage.
Closing shorts now, waiting for 1.2250 to avtivate buys, when go deeper open shorts one more time
buy above 2275 for now.
Intraday only.
This price almost never gives a good selling price. They just dump it. Well, all my tiny shorts closed I bought some at 2292.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
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