Cable Update (GBPUSD)

Quoting Houtbay

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Two trends playing out currently in cable a short term and long term. Short term is still pushing down, long term is pushing up. Long term always wins the battle. A look at Coregs chart will give one an insight into direction and play.

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Quoting Georginson

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{quote} The discussion will only make sense if one or both of them never lose money on the trade otherwise na nagging go finish them

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Quoting buffedmage

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hi , i started a new thread named forex(all pairs ) if you guys would like to share related to fx pairs can come over there too...i will active there ..cheers and thanks

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Quoting ScalaFX

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{quote} Good luck men with your new thread here you can also share all pairs if you want, many people share his ideas here, green pips to you

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Quoting donfriday

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i am waiting for 1.12 {image}

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Quoting Reverso

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{quote} My Long got dumped by blockchain brothers and ate a SL. That resistance was in fact still valid, I should have hedged myself by adding a Short after the rejection with bearish engulfing occurred, it would have been TP by now, ending my day with -1 +1 still net profit due to reward higher than risk. With that said, per my system I entered a Short not long after my Long hit SL. Entry 1.15685, SL 1.16227, TP 1.14873. Getting below that resistance we broken today will turn the bias into strong short again. I think unlikely this trade will end...

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Quoting Wavegarrick

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{quote} Hi Guys, One thing changes for me this time round. I have a 4hr candle close above my 60 Lwma (green) at 1.15366 ish. I also have full buy confirmation signals. A 4hr close above 1.16000 as well as a 4hr close above my weekly pivot at 1.15885 is vital for bullish confirmation. Pull backs towards 1.15500 could be used to enter buy trades. A 4hr close below 1.15000 will invalidate my bullish bias. Possible targets 1.16820 and 1.18367. Trade safe, Cheers {image}

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Quoting Wavegarrick

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{quote} Oki Dokes, I sure hope we can close the week above 1.16000. Kinda looking positive with bullish signals setting up from a 4 hr perspective, touch wood. I entered one more buy trade towards 1.15500. Have a great weekend Folks, Cheers. {image}

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Quoting ScalaFX

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{quote} I dont wanna see this but... If this level must be breached first day must close under 1550 I think and do on, if today high will be broken that's opening door to next further levels, trade safe

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Quoting T721

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{quote} The banks have done their work for the week and squared up their positions, hence the bounce from the lows. the bounce was caused by them exciting not buying. UK closes in 4mins so probably not much gonna happen unless US get involved now and maybe get above 1.16

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