Cable Update (GBPUSD)

Quoting SnailFX

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I will wait this storm out. GBP/USD is tricky right now, because it's perhaps falling now due to retracement on Yen pairs and might go up again once retracement ends. I'm going to drink some coffee now and will be back at NYO. GL all! GBP/USD 15M Long 30M About to confirm Long after this candle Hourly Chart.. {image}

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Quoting Whale

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Tuesday is the real deal.. so right now candies for both sides. i want today 1.208 thats it

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Quoting Mitiblotch

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{quote} What's happening on Tuesday?

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Quoting MrFanciful

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Come on...Don't reverse now.

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Quoting DrDave

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{quote} Look at H2 and I think you will see tha the 5 swings you have marked on the way up on H1 become 3 swings. So likely the down swing you have after that is H2 trying to start a down trend, not just another pullback. But of course, we have to wait for the subsequent upswing to see if it ends in a lower top or not to tell us which it is.

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Quoting MrFanciful

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Think the sellers might have this

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Quoting Waveskierrob

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Cheeky Friday SHORT 1.2117 no sl no tp

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Quoting pipfarm

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{quote} It may be so on H1 but the H1 price action is part of the H4 larger degree swing which is trending down via the minor swings, therefore making the whole of the H1 up move corrective for now.

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Quoting DrDave

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{quote} Although I don't implement the rigourous wave counts as you do, it is refreshing to see someone else that uses the inter-relations of the swings of smaller TFs buidling larger TFs to find the most lucrative direction to trade at any given moment.

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