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Cable Update (GBPUSD)

  • #778,601
  • Sep 27, 2023 3:10pm Sep 27, 2023 3:10pm
Quoting iusman23
There is Head and Shoulder pattern in formation on M1 chart on GBP. It is going down again. Get ready for impact.
M1 signals are often not respected!
  • #778,602
  • Sep 27, 2023 3:56pm Sep 27, 2023 3:56pm
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  • #778,603
  • Sep 27, 2023 4:03pm Sep 27, 2023 4:03pm
Quoting TheWraith
{quote} Retracement, but could very well be a Reversal if this MN Support holds. If price falls below the Support in the next two days it's a Retracement, if it doesn't it's a Reversal (according to MN Chart).
Monthly support 3 was at 12234
Monthly Donchian Middle is 12021

Monthly chart is in downtrend, previous support 11992 (pink line).
So, to be fair,12000 can't be ruled out.
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  • #778,604
  • Sep 27, 2023 4:15pm Sep 27, 2023 4:15pm
Quoting jamesBT
The FSTE is on the rise again. This may also support the pound.
the correlation is exactly opposite.
But currently usd beats all.. so it dosnt matter
  • #778,605
  • Sep 27, 2023 5:23pm Sep 27, 2023 5:23pm
it's oversold that's all,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #778,606
  • Sep 27, 2023 5:41pm Sep 27, 2023 5:41pm
Atleast for asia, i would expect a bounce above 2110.

A small range can be expected today too.

Aggressive change in sentiment may be on friday.
Intraday only.
  • #778,607
  • Sep 27, 2023 5:50pm Sep 27, 2023 5:50pm
it will go past 1.21 in no time
  • #778,608
  • Sep 27, 2023 6:07pm Sep 27, 2023 6:07pm
Quoting FederalTrade
Short update...enjoy the drop {image}
Congrats!
  • #778,609
  • Sep 27, 2023 9:28pm Sep 27, 2023 9:28pm
Right now, we have no evidence that the fall will continue. Price reacted very nicely to the Support. We'll see...
  • #778,610
  • Sep 27, 2023 9:33pm Sep 27, 2023 9:33pm
Quoting Jolita
{quote} Monthly support 3 was at 12234 Monthly Donchian Middle is 12021 Monthly chart is in downtrend, previous support 11992 (pink line). So, to be fair,12000 can't be ruled out. {image}
My system suggests that if the price goes below 1.21 the fall will continue. 1.20 is under 1.21 Support and should be considered bad for Bulls. Then we open the door for 1.188 - 1.19.
  • #778,611
  • Sep 27, 2023 9:37pm Sep 27, 2023 9:37pm
Would like to re enter shorts but going to wait for my setup
Master your mind. Master Trading.
  • #778,612
  • Sep 27, 2023 9:44pm Sep 27, 2023 9:44pm
The price unlikely to go above 2150 for a drop to 2110 when NY opens.
Intraday only.
  • #778,613
  • Sep 27, 2023 10:03pm Sep 27, 2023 10:03pm
Bought EUR/USD @ 1.05000
Bought GBP/USD @ 1.21320
  • #778,614
  • Sep 27, 2023 10:09pm Sep 27, 2023 10:09pm
Quoting TheWraith
Bought EUR/USD @ 1.05000 Bought GBP/USD @ 1.21320
why man
  • #778,615
  • Sep 27, 2023 10:29pm Sep 27, 2023 10:29pm
Quoting TheWraith
Bought EUR/USD @ 1.05000 Bought GBP/USD @ 1.21320
Same here, in long -1.2133

Easy 30 pips till LO
  • #778,616
  • Sep 27, 2023 10:34pm Sep 27, 2023 10:34pm
Quoting cablekingdom
{quote} Same here, in long -1.2133 Easy 30 pips till LO
might drop to lows again 1.2110
  • #778,617
  • Sep 27, 2023 10:46pm Sep 27, 2023 10:46pm
Is there any chance it will hit lowest again or I shou Close my holdings?
Secret to the Price Action is Liquidity.
  • #778,618
  • Sep 27, 2023 10:48pm Sep 27, 2023 10:48pm
Quoting iusman23
Is there any chance it will hit lowest again or I shou Close my holdings?
don't get in a trade without knowing your own analysis
  • #778,619
  • Sep 27, 2023 10:48pm Sep 27, 2023 10:48pm
at least theres some movement

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short trump and go long the deepstate
  • #778,620
  • Sep 27, 2023 10:49pm Sep 27, 2023 10:49pm
Quoting shakmoney
{quote} don't get in a trade without knowing your own analysis
According to my analysis it was supposed to hit back to the lowest once again before jumping up. But it’s bouncing on resistance.
Secret to the Price Action is Liquidity.
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