Cable Update (GBPUSD)

Quoting Mitiblotch

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{quote} And that's what will happen when many shorts enter there they will squeeze them and hit their stops as price rises. I will sell but not here. For now, still holding my long from 1794 (was supposed to be 1795 but my broker filled me at a better price). 1860 is almost a must.

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Quoting ForexGoose

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{quote} the cattle is trying to fight back from 1.18, but their resistance is futile https://www.youtube.com/watch?v=8S1ks4LKCKs

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Quoting ScalaFX

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{quote} Maybe next year

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Quoting Chris_35

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{quote} Is that long from 14th July ???

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Quoting PatienceFx

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{quote} uk consumer confidence lowest since 1974 and many other reasons to believe 1410 is possible this week

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Quoting PatienceFx

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{quote} 1410 for me please

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Quoting Mitiblotch

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{quote} These things don't move price in the short term. That number is a far cry this week. We are at yearly low, right? And we bounced how many pips from here? Price won't just zip almost 400 pips from yearly low.

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Quoting Reverso

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Looks like directionless/ranging instead. Not long ago, I was thinking I will finally get a Short entry, yet again reject off lower key level. It's kind of coincidental, all the rejection off that level coincides with me being busy with my life, the first 3 rejections was me in a busy meeting, the last rejection was me driving home, I'm home now of course. No entry until criteria in my rule book hits. It needs to break somewhere eventually. {image}

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Quoting eyefeelsix

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{quote} we are in the last wave which is fifth --- my work job is done for the bear {image}

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Quoting Jolita

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{quote} You must think outside the box to make it work. Your chart - this was perfect scalping trade entry.

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Quoting JereMi256

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Long @1.1787 TP open, SL pending... SL 1.1767

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