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Cable Update (GBPUSD)

  • #826,421
  • May 20, 2024 4:32am May 20, 2024 4:32am
Quoting Konichiwhaat
{quote} I hope you cut that short a long long time ago?
Bulls aren't giving Bears a chance yet
  • #826,422
  • May 20, 2024 4:50am May 20, 2024 4:50am
...bulls might be thinking - well the gap down @ new week open to Asian lo was immediately bought, and the move down off the Asian hi was also bought @ top of the prev 1hr/minor 4hr sw lo zone = prev supp = pot supp that extends down to Asian lo. 1hr and 4hr are in general uptrends and Fri's dly and last week's wkly closed very bullish - so therefore it favours the bulls?

Current state of 10/20/40 ema crosses per graphic below
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Trader with an Edge.
  • #826,423
  • May 20, 2024 5:45am May 20, 2024 5:45am
... coming to the end of the London morning session and price remains in the 28pip Asian lo-hi range, these the current dly lo and hi also right now. Will the U.s add any more liquidity/volatility?

1hr below
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Trader with an Edge.
  • #826,424
  • May 20, 2024 6:04am May 20, 2024 6:04am
Quoting Ferna
I saw some post by Birdland on further restrictions on leverage in EU? Do you guys agree with Zebi that it’s good for us traders? Most of us have no problems fronting 1 million dollar to trade right? It’s for our own good and protection to put 1 million dollar in the safety of a broker, to maybe earn a 1000 bucks? Would like to hear opinions, as maybe i missed something and the EU has no agenda whatsoever of making the working class poor. Oh that was irony btw. There is EU-election coming up soon(in a couple of weeks) which divisions of the parliament...
Unnecessarily heavy regulations, using those regulations to create monopolies, and making the working class poorer everyday is the result of keynesian, libdem economics. The libdems that you make the propaganda of, everyday.

You are either contradicting with yourself, or you just found out that libdems are not actually for "the people". I hope it's the latter and that's your "light-bulb" moment.
You have to have an IQ higher than 90 to interact with this user.
  • #826,425
  • May 20, 2024 6:22am May 20, 2024 6:22am
1 H goes down,but better dont short,its correction can go up any time. maybe 126600,26500.only buy.Wait. can spike 27200-300.if look 1h.
  • #826,426
  • May 20, 2024 6:23am May 20, 2024 6:23am
Quoting AnhKhanh
{quote} You may go sell for a short-time-flame ok. But I am still thinking to see GU kissing 1.29xx this week.
This week or next week.
Maybe next week
Compulsions can be hard to resist
  • #826,427
  • May 20, 2024 7:01am May 20, 2024 7:01am
Main trend h1 up still up.But in the evening friday arrow down at 1.27,next time this arrow was correct- shows up at 1.26500. so maybe corrects somewhere. But main trend up holds.
  • #826,428
  • May 20, 2024 7:48am May 20, 2024 7:48am
Fed up! come on bears
Inserted Video
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #826,429
  • May 20, 2024 8:04am May 20, 2024 8:04am
I am on a break until 8 of june
But today is not a gloryest day for gu
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yes yes yes
  • #826,430
  • May 20, 2024 8:18am May 20, 2024 8:18am
The bulls are not relenting.
  • #826,431
  • Edited 9:02am May 20, 2024 8:29am | Edited 9:02am
i looked m30,target can be 1.26780 around it,for a moment.how it goes i dont know.
EUR and GU 1 H trend main buy.but M30 trend red,when they go out of this red trend M30,they rise.GU trend M30 red not strong horisontal.
  • #826,432
  • May 20, 2024 9:21am May 20, 2024 9:21am
Goldi you are the true mf
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yes yes yes
  • #826,433
  • May 20, 2024 9:56am May 20, 2024 9:56am
https://www.bbc.co.uk/news/articles/c033wprzep6o

interesting yet the pound hasn’t moved
Insane in the Brain..
  • #826,434
  • May 20, 2024 10:02am May 20, 2024 10:02am
Quoting BeeTogether
https://www.bbc.co.uk/news/articles/c033wprzep6o interesting yet the pound hasn’t moved
manipulations in progress, Im selling this every small spike and will be adding to 1.28 for big target down
People don't plan to lose. They lose because they don't plan.
  • #826,435
  • May 20, 2024 10:41am May 20, 2024 10:41am
Quoting BeeTogether
https://www.bbc.co.uk/news/articles/c033wprzep6o interesting yet the pound hasn’t moved
I feel like they are trying hard to keep these pairs up against the dollar just to get enough smaller fish to either keep holding or to buy in and then will flip the scrip to capture them when BOE and ECB do rate cuts. I think if they rate cut next month drop would be almost impossible to avoid. But this is a highly manipulated system so who knows.

I am leveraged heavy in EUR but also have been adding to GBP selling all i can.
  • #826,436
  • May 20, 2024 10:46am May 20, 2024 10:46am
The way pound is just floating there makes me think its a bait to draw in new shorts.....
  • #826,437
  • May 20, 2024 10:52am May 20, 2024 10:52am
Quoting jordanvic
The way pound is just floating there makes me think its a bait to draw in new shorts.....
It's a stupid pair. I can tell that if I were selling today it would have gone up to hit 2720 at least.
  • #826,438
  • May 20, 2024 10:54am May 20, 2024 10:54am
Quoting Mitiblotch
{quote} It's a stupid pair. I can tell that if I were selling today it would have gone up to hit 2720 at least.
Let me know when you sell or buy. You can be my indicator lol.

Seriously tho I feel the same way sometimes.
  • #826,439
  • May 20, 2024 11:33am May 20, 2024 11:33am
It's been bullish all through.
  • #826,440
  • May 20, 2024 11:38am May 20, 2024 11:38am
Quoting Wavegarrick
{quote} Buy trades working out nicely. We are just above the halfway mark of the 2nd quarter. A weekly close above 1.27000 certainly puts bulls in a nice position. Trade safe and have a great weekend. Cheers. {image}
Waiting for a test of 1.2750 and above. The descending trendline is a must for bulls to overcome.
Cheers.
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