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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Come on
Daily low 1.22800
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...@ 2282 current dly lo there are patterns of regular bullish div on 5min upwards osc's and just about on 4hr, and of course dly osc's have been o/s since week's open.
Intraday swing trader @ 1Hr+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
So weekly S1 has now been hit prior to weekly pivot, it appears this week we had one of those 20-30% scenarios. No danger, I had SL’s in place and actually still made money with a long bias. Rest of the week I will be continuing to follow trend. Missed this mornings entry, will look for a retrace to enter short.

Cheers
Quoting Fardeen1209
Let see how it play {image}
BOE rate was suppose to deliver me 1.2275
But..
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Reverse to Small buys wider SL

Event driven Liquidity theory
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Not afraid to be wrong, ik what am goin to lose!
Quoting Fardeen1209
{quote} BOE rate was suppose to deliver me 1.2275 But.. {image} Reverse to Small buys wider SL Event-driven liquidity "rule of thumb" for scalper
priced in? Maybe.
...balance of probabilities still favours a +0.25% rise re Boe/Mpc at 12noon Uk time. Room though for a 'hold' (pause) instead of 'twist' - talk of which has been building over the last 24hrs or so....still favours the former though I think,? but anything can happen.
Intraday swing trader @ 1Hr+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Whale
{quote} priced in? Maybe.
Only 50% 25bps hike priced in, to price in the other 50%, we could at least get 60pips in bag
Not afraid to be wrong, ik what am goin to lose!
Quoting JereMi256
{quote} Re-entry Long SL -18pips TP open {image}
Added @1.2295
Face 'ur fear & Tame 'ur greed
Quoting ScalaFX
{quote} copy that long GU 2320, pendings 2310, 2300, 2290, 2280
last one not triggered but nice, target 2380 would be nice
People don't plan to lose. They lose because they don't plan.
GU now due for a bounce...
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"No trade is still a trade." - Peter Borish
https://www.forexfactory.com/news/12...uk-august-2023
Using Chaos to Finding Order
123… it’s the knife edge moment will we have a rise or not. Be interesting to see where we end up
Quoting ScalaFX
{quote}last one not triggered but nice, target 2380 would be nice
12580 even better lol have cut my targets to get out of this misery
Buy limit 2230 just in case it sinks its fangs to that area.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting BeeTogether
123… it’s the knife edge moment will we have a rise or not. Be interesting to see where we end up
If we break through 1.2700, get ready for 1.215. If we jump up, just hold and wait for it,s next move after news. I believe the wick will come back if it flies. Because overall condition of UK is not good.
Secret to the Price Action is Liquidity.
Anyone holding pee, better to go and relax yourself, we still have 5mins
Not afraid to be wrong, ik what am goin to lose!
Quoting Fardeen1209
Anyone holding pee, better to go and relax yourself, we still have 5mins
Dead,
Secret to the Price Action is Liquidity.
Quoting Fardeen1209
Anyone holding pee, better to go and relax yourself, we still have 5mins
"No trade is still a trade." - Peter Borish
BOE rate decision in few minutes. UK econmy looks bad, also there is a high possibilty that BOE can pause. Even if they hike, this means sending economy to the recession area. Nothing supporting GBP now.

Opening a GU short position from 1.2297
SL at 1.2355
I make my own luck.
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