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Cable Update (GBPUSD)

  • #711,601
  • Dec 6, 2022 2:32am Dec 6, 2022 2:32am
signal!!!!!!!!!!!
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yes yes yes
  • #711,602
  • Dec 6, 2022 2:33am Dec 6, 2022 2:33am
Hold tight Gbpusd will fall a few hundred pips
  • #711,603
  • Dec 6, 2022 2:39am Dec 6, 2022 2:39am
Quoting Houtbay
Hold tight Gbpusd will fall a few hundred pips
we have no breakout yet. we should wait for a breakout at 1.216
  • #711,604
  • Dec 6, 2022 2:47am Dec 6, 2022 2:47am
Someone is really stashing that Yen these days..
Saw the opportunity..

GBP/JPY H1
EUR/JPY Daily Resistance Level
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  • #711,605
  • Dec 6, 2022 2:47am Dec 6, 2022 2:47am
I donīt have a pattern for cable but UC has to come down more than 100 pips weakening the $ so cable should climb up and it strechtes more.
POSTMASTER
  • #711,606
  • Dec 6, 2022 2:50am Dec 6, 2022 2:50am
Quoting Robinhood1
I donīt have a pattern for cable but UC has to come down more than 100 pips weakening the $ so cable should climb up and it strechtes more.
Just doble checked around 200 pips
POSTMASTER
  • #711,607
  • Dec 6, 2022 2:58am Dec 6, 2022 2:58am
Quoting Robinhood1
{quote} closed several positions long averaging +200 pips since 1st dic.
Congrats bro
Peace Yo!
  • #711,608
  • Dec 6, 2022 3:03am Dec 6, 2022 3:03am
Quoting Robinhood1
I donīt have a pattern for cable but UC has to come down more than 100 pips weakening the $ so cable should climb up and it strechtes more.
Where is your short level for UC?
1.3828look like good area..

If short now 1.33 should be tp if prev high not broken..
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Peace Yo!
  • #711,609
  • Dec 6, 2022 3:08am Dec 6, 2022 3:08am
Quoting shakmoney
{quote} Bulls are done
HAHA You could be very right
Shekh In Desert
  • #711,610
  • Dec 6, 2022 3:10am Dec 6, 2022 3:10am
Decent drop from the LO high this morning. We have seen the upward move to the yesterday’s first psychological support area of 12250 yet.
Insane in the Brain..
  • #711,611
  • Dec 6, 2022 3:11am Dec 6, 2022 3:11am
Quoting mrluckystar
{quote} Where is your short level for UC? 1.2838 look like good area..
On line T3 whenever that is, now lying 1.338x

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POSTMASTER
  • #711,612
  • Dec 6, 2022 3:12am Dec 6, 2022 3:12am
Quoting Robinhood1
{quote} On line T3 whenever that is, now lying 1.338x {image}
I already shorted Its a long level after.
POSTMASTER
  • #711,613
  • Dec 6, 2022 3:12am Dec 6, 2022 3:12am
Can someone let the market loose? FFF

Success = Practice + Patience + Persistence
  • #711,614
  • Dec 6, 2022 3:16am Dec 6, 2022 3:16am
Quoting Robinhood1
{quote} On line T3 whenever that is, now lying 1.338x {image}
Look like bearish cypher setup there..
Peace Yo!
  • #711,615
  • Dec 6, 2022 3:16am Dec 6, 2022 3:16am
Quoting fxpider
Can someone let the market loose? FFF
I have to trade, otherwise i would
POSTMASTER
  • #711,616
  • Dec 6, 2022 3:17am Dec 6, 2022 3:17am
H4MA and H1MA have merged and the upper and lower limits have become clear. It's a matter of which way you're going to break later.
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  • #711,617
  • Dec 6, 2022 3:18am Dec 6, 2022 3:18am
Quoting mrluckystar
{quote} Look like bearish cypher setup there..
I am not familiar with those type of patterns but makes sense and seems to work if you display correct
POSTMASTER
  • #711,618
  • Dec 6, 2022 3:18am Dec 6, 2022 3:18am
Quoting Robinhood1
{quote} I already shorted Its a long level after.
Im in with SL 1.3650

Sorry I use your picture .
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Peace Yo!
  • #711,619
  • Dec 6, 2022 3:19am Dec 6, 2022 3:19am
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My telegram: https://t.me/avidforex
  • #711,620
  • Dec 6, 2022 3:19am Dec 6, 2022 3:19am
Quoting Robinhood1
I donīt have a pattern for cable but UC has to come down more than 100 pips weakening the $ so cable should climb up and it strechtes more.
LOL. I think that you have the cause-and-effect mis-interpreted.

UC coming down is not a causative factor for the effect of a weakened US$. Rather, the causative agent is either a weakening of the US$ or strengthening of the Canadian$, producing the effect of UC falling.

And if the causative agent is indeed a weakening of the US$, then if GBP can remain stronger than this weakened US$, then GBPUSD will indeed move further upward.
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