Cable Update (GBPUSD)

Quoting Georginson

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Hello Guys, do note that since September all time low of 1.03, the maximum monthly open to low distance is 318 pips. So far this month already has open to low distance of 293 pips (1.2314 - 1.2021). Simulated open to low distance of February is given below... ✓1.2314 minus 318 pips = 1.1996... Average expected range for this February is 600 pips, see simulation below... ✓1.1996 + 600 pips = 1.2600 (approximated) From above equation, above 1.1990 points at 1.2600 this February. A research excerpt with no obligation. Cheers, George.

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Quoting FederalTrade

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GRAB 50-100 PIPS

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Quoting tradexyz

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{quote} {image} https://www.livecharts.co.uk/Members...rex_pivots.php

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Quoting tradexyz

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{quote} {image}

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Quoting pipcenturion

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I am thinking that the gap will still remain intact. Let's see whether buyers at 131.80 can defend yesterday's low. I still expect 135.XX before the heavy dump.

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Quoting Pat Chiko

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{quote} GU The initial trade was executed poorly and ended up getting 46.5 pips drawdown. The market then moved downwards to the H4QM zone demand area, causing a depletion of liquidity in that area. A second trade was taken to try to recoup the losses from the first trade. With some luck (I hope), a positive outcome was sought by adding to the second position, increasing the average cost with the hope of recouping the loss from the first trade.{image}

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Quoting SnailFX

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{quote} That would be interesting actually (for them to avoid closing the gap). I had in mind 140, 135 and then +140 yet again due to BoJ being late with raising interest rates. With higher inflation and IR still in the negative and slightly brighter outlook globally, I think Yen will lose some of it's value short-term. I will stay in position until SL or until gap is filled. We'll see..

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Quoting Pat Chiko

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{quote} GU Partial TP 1 Was able to manage my unsuccessful trades by using the averaging up technique. Added to my position late last night and then took partial profits and closed out underperforming trades before the London market opened. Some trades are still ongoing and will keep monitoring them. Once in a profitable position, will try exit any weak trades to safeguard my capital. Some element of luck does help in executing those trades.{image}

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Quoting dantpm

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{quote} I thought the BOJ had their interest rate pegged at -.1!

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Quoting palpite

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{quote} But we can doing scalps, closing in the MA200-M5, MA200-M15, MA200-M30. Let's see how will be the up movement.

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Quoting Robinhood1

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let's sleep soundly -2 celsius where i am now in Spain. Climate change bye. https://www.youtube.com/watch?v=ptg_n22cGbo

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Quoting Traderview

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{image}{image}{image}

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Quoting Wavegarrick

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{quote} The way it is. I am getting buy trade confirmation signals from a daily perspective. 1.2400 remains crux.Trade safe. Cheers. {image}

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Quoting Robinhood1

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Still holding. Target: 0.875x {image}

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Quoting SnailFX

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{quote} Haha. This pair is really moving like a Snail, but it's safe and sound. One of those pairs where you put the trade and forget about it..

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