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Cable Update (GBPUSD)

  • #777,921
  • Sep 25, 2023 6:02pm Sep 25, 2023 6:02pm
I’m still holding shorts from yesterday into today , stop loss break even for pair Gbpusd
Master your mind. Master Trading.
  • #777,922
  • Sep 25, 2023 6:28pm Sep 25, 2023 6:28pm
2250 resistance for now.

This level may pull back the price down.... close to 2200 /2190 for a bullish daily candle for today.

Max 2280 is what I expect for tuesday.
stop monday low 2190
Intraday only.
  • #777,923
  • Sep 25, 2023 6:59pm Sep 25, 2023 6:59pm
The relevant question to ask is whether this candle we are in is a potential reversal
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,924
  • Sep 25, 2023 7:05pm Sep 25, 2023 7:05pm
GBPUSD Sep26

- looking at possible retracement to the region near 122500

- previous price action Weekly low,

- retracement of yesterday Daily OHLC range

- moving average 10/50/200EMA


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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #777,925
  • Sep 25, 2023 7:09pm Sep 25, 2023 7:09pm
Quoting Bones
The relevant question to ask is whether this candle we are in is a potential reversal {image}
Hey B, long time your chart still looks the same

I'll be a little cautious here as the price already broke Monthly Support 3 could be 20-50 pips towards south to wrap the week with a possibility of pullback forming a lower high to continue towards south with a new Monthly candle maybe..
Precise Execution!
  • #777,926
  • Sep 25, 2023 7:24pm Sep 25, 2023 7:24pm
12250 / 12050 / 11720
We also need a reversal, just don't see one yet.

Upside down weekly chart, possible 12050
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50% Fib 1.1720


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  • #777,927
  • Sep 25, 2023 7:45pm Sep 25, 2023 7:45pm
Quoting Bones
The relevant question to ask is whether this candle we are in is a potential reversal {image} {image}

bonzey...did you forget its also a quarterly close?

a friday close above 2274 and there wont be any TA damage whatsoever to this chart so there may even be 4-5 weeks of range or even a drift up in price
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short trump and go long the deepstate
  • #777,928
  • Sep 25, 2023 8:07pm Sep 25, 2023 8:07pm
Quoting navk
2250 resistance for now. This level may pull back the price down.... close to 2200 /2190 for a bullish daily candle for today. Max 2280 is what I expect for tuesday. stop monday low 2190
Good areas
  • #777,929
  • Sep 25, 2023 8:24pm Sep 25, 2023 8:24pm
Mr USD is king and it will stay that way for now
Master your mind. Master Trading.
  • #777,930
  • Sep 25, 2023 8:28pm Sep 25, 2023 8:28pm
Quoting KareemAliFx
Mr USD is king and it will stay that way for now
Needs to consolidate before going higher
  • #777,931
  • Sep 25, 2023 9:33pm Sep 25, 2023 9:33pm
GU is becoming an annoying pair to trade, will focus on indices
  • #777,932
  • Sep 25, 2023 9:52pm Sep 25, 2023 9:52pm
Quoting navk
2250 resistance for now. This level may pull back the price down.... close to 2200 /2190 for a bullish daily candle for today. Max 2280 is what I expect for tuesday. stop monday low 2190
Monday Tuesday Range is expected to have 90 - 130 pips, this means if price doesn't break 1.2180, we may see aggressive push to 1.2280 - 1.2300 today. Also noteworthy that dxy is already at double top for the year and GBPUSD has also attained expected 500+ pips for the month, with just 3 trade days left to end this quarter and current month, correction is very much possible.
Data + Stat + Risk/Emotions Management
  • #777,933
  • Sep 25, 2023 10:04pm Sep 25, 2023 10:04pm
Quoting KareemAliFx
Mr USD is king and it will stay that way for now

its time to dump USD... thanks Kareem for the tips
demo tok kenal barey boh!
  • #777,934
  • Sep 25, 2023 10:05pm Sep 25, 2023 10:05pm
GBP/USD

EVERY TF IS STILL BEARISH, NOT EVEN M1 IS SHOWING SIGNS THAT BULLS EVEN EXIST ANYMORE...
  • #777,935
  • Sep 25, 2023 10:09pm Sep 25, 2023 10:09pm
Usdx posing breakout top for next target, others too breaking previous bottom. Just waiting breaks hold for below 1815 target
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #777,936
  • Sep 25, 2023 10:23pm Sep 25, 2023 10:23pm
The publication of major US economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should the federal government shut down at the end of this week because of lack of funding, a government official said.
  • #777,937
  • Edited Sep 26, 2023 12:32am Sep 25, 2023 10:24pm | Edited Sep 26, 2023 12:32am
Quoting Yngwie
Long 1.2194 SL 1.2184 TP 1.2240
this is funny. range now getting smaller 1.2225 ~ 1.2190/75. Maybe break and fly high today
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #777,938
  • Sep 25, 2023 10:28pm Sep 25, 2023 10:28pm
Quoting TheWraith
The publication of major US economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should the federal government shut down at the end of this week because of lack of funding, a government official said.

in 95-96 when republicans pulled this sme crap on clinton the dollar rallied from 85 to 120 in his second term LOL

however this time the dollar is at resistence so prolly will fall this time
short trump and go long the deepstate
  • #777,939
  • Sep 25, 2023 10:41pm Sep 25, 2023 10:41pm
Quoting Yngwie
{quote} this is funny. range now getting smaller 1.2225 ~ 1.2190. Maybe break and fly high today
Monday low broke.

Now wait for 4 hr support to form.

1 am est or 5 am est.
Intraday only.
  • #777,940
  • Sep 25, 2023 10:57pm Sep 25, 2023 10:57pm
Quoting JereMi256
{quote} Added @1.2208 {image}
SL set @1.2183
Face 'ur fears & tame 'ur greed
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