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Cable Update (GBPUSD)

  • #735,181
  • Mar 10, 2023 1:45am Mar 10, 2023 1:45am
Quoting Mitiblotch
Why people sell triangles in an upward move is beyond me. Switching to the 1hr chart and below it was a triangle that was 90% guaranteed to break upwards. I wish price can hit 1960 and dump.
agree.. we are riding the bulls.
wish us luck
  • #735,182
  • Mar 10, 2023 1:49am Mar 10, 2023 1:49am
GBPUSD
yesterday's R is today's S, so we can fly to 1.20-1.22 if we stay above S
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Trendlines H1,H4, SMC
  • #735,183
  • Mar 10, 2023 1:50am Mar 10, 2023 1:50am
1.20475 seems a logical target. Obviously will need help from NFP but happy to enter my take profit order there.
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  • #735,184
  • Mar 10, 2023 1:52am Mar 10, 2023 1:52am
LO in 8 mins.
Dump?
Exhausted
  • #735,185
  • Mar 10, 2023 1:54am Mar 10, 2023 1:54am
Quoting Mitiblotch
Why people sell triangles in an upward move is beyond me. Switching to the 1hr chart and below it was a triangle that was 90% guaranteed to break upwards. I wish price can hit 1960 and dump.
Bro.. there are scalpers, intraday and swing traders here... ✓Check the daily time frame, it's in a bearish phase until it comfortably closes above last week's close of 1.2040...
✓check the 4 hours time frame, it's still in bearish phase until it closes above 1.1960...

Each trader must have an invalidation area in mind and must admit when the analysis has gone wrong... No trader can be 100% right. The key here is flexibility, good psychologically approach, patience and money management.

Best regards my brother.
Data + Stat + Risk/Emotions Management
  • #735,186
  • Mar 10, 2023 1:54am Mar 10, 2023 1:54am
Quoting Elysion
LO in 8 mins. Dump?
Yup, I second that motion for a "dump!"
  • #735,187
  • Mar 10, 2023 1:56am Mar 10, 2023 1:56am
Quoting BrainBucks
{quote} Yup, I second that motion for a "dump!"
💩
Insane in the Brain..
  • #735,188
  • Mar 10, 2023 1:56am Mar 10, 2023 1:56am
Quoting lucaswalliam
{quote} Why do you think this is a trap? I'm curious.
Just a gut feeling
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yes yes yes
  • #735,189
  • Mar 10, 2023 1:58am Mar 10, 2023 1:58am
Quoting Georginson
{quote} Bro.. there are scalpers, intraday and swing traders here... ✓Check the daily time frame, it's in a bearish phase until it comfortably closes above last week's close of 1.2040... ✓check the 4 hours time frame, it's still in bearish phase until it closes above 1.1960... Each trader must have an invalidation area in mind and must admit when the analysis has gone wrong... No trader can be 100% right. The key here is flexibility, good psychologically approach, patience and money management. Best regards my brother.
Correct. Very correct.
  • #735,190
  • Mar 10, 2023 2:00am Mar 10, 2023 2:00am
Quoting fxmasterdxb
As per my system, the bear move has started, i need the 4hr candle closing in 20 mins to close below 75 for further confirmation and in order to continue selling
Closed all my shorts with losses, might reconsider selling at around 1.1990
  • #735,191
  • Mar 10, 2023 2:00am Mar 10, 2023 2:00am
Quoting mysterio
short, 1.1945, target 1.19
stopped. new sell entry around 1.1975
  • #735,192
  • Mar 10, 2023 2:02am Mar 10, 2023 2:02am
The pound/dollar will be watching to see if it crosses here.
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  • #735,193
  • Mar 10, 2023 2:03am Mar 10, 2023 2:03am
If dxy below 105 is my bye bye short point.
  • #735,194
  • Mar 10, 2023 2:04am Mar 10, 2023 2:04am
The dollar/yen is also in a very delicate position.
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  • #735,195
  • Mar 10, 2023 2:05am Mar 10, 2023 2:05am
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  • #735,196
  • Mar 10, 2023 2:15am Mar 10, 2023 2:15am
More upside expected on GU , eu and gu divergence
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  • #735,197
  • Mar 10, 2023 2:22am Mar 10, 2023 2:22am
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yes yes yes
  • #735,198
  • Mar 10, 2023 2:26am Mar 10, 2023 2:26am
Quoting navk
A likely short will be activated when Frankfurt opens... This can happen after break of yesterday high. The drop needs to be bought until NY open.
Did as per my plan.

Shorted Frankfurt spike and closed all.

+

Asia lots of scalping... short mostly.

Traded two accounts today with a trade copier, so one can see the similarity in result.

Now all done, no more to trade until NY jobs report.
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Intraday only.
  • #735,199
  • Mar 10, 2023 2:27am Mar 10, 2023 2:27am
Quoting AlfieSolomon
More upside expected on GU , eu and gu divergence {image}
I dont think the pair will breach around 1.1975 today

It will either fall all day or spike out the HOD on NFP to 1.1975 area and drop

Imho. The rise is just to close the imbalance from the Powell drop. Purely technical strength.

Although, I had a blazing 3 days and appear to be repeatedly kicking myself in the nuts in the last 24h
  • #735,200
  • Mar 10, 2023 2:27am Mar 10, 2023 2:27am
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yes yes yes
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