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Cable Update (GBPUSD)

  • #835,901
  • Aug 21, 2024 3:23pm Aug 21, 2024 3:23pm
Looks like the 0.25% is on but I’m sure this has been priced in. We could see a nice drop towards 130 tomorrow whether it will go that far is a million dollar question
Insane in the Brain..
  • #835,902
  • Aug 21, 2024 3:25pm Aug 21, 2024 3:25pm
Quoting BeeTogether
Looks like the 0.25% is on but I’m sure this has been priced in. We could see a nice drop towards 130 tomorrow whether it will go that far is a million dollar question
Yes!
People don't plan to lose. They lose because they don't plan.
  • #835,903
  • Aug 21, 2024 3:28pm Aug 21, 2024 3:28pm
Okay trying for the EU short now stop loss above that high
Master your mind. Master Trading.
  • #835,904
  • Aug 21, 2024 3:35pm Aug 21, 2024 3:35pm
Quoting BeeTogether
Looks like the 0.25% is on but I’m sure this has been priced in. We could see a nice drop towards 130 tomorrow whether it will go that far is a million dollar question
0.25% cut will be delivered in September. 0.50% cut will have to priced out completely by September and aggressive market expectations of future rate cuts.
I think a far more interesting question than if the price will reach 1.30 is if the price will break the resistance it clearly couldn't break today. Then, 1.30 is coming and a sequence of other numbers after it 1.29, 1.28, 1.27...

If I'm right about this resistance and the big money just went into USD, then I expect abysmal numbers for the UK tomorrow.
If that happens, then it's probably the best strategy to keep adding shorts on every decent retracement.

USD/JPY just recovered 80 pips from the low today during the time when there shouldn't be any volatility in the market.
That's telling a lot if you ask me...
  • #835,905
  • Aug 21, 2024 4:09pm Aug 21, 2024 4:09pm
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yes yes yes
  • #835,906
  • Aug 21, 2024 4:41pm Aug 21, 2024 4:41pm
Quoting Jackoboms
{quote} You better sell to 1.29
Can’t see a 200 pip drop just yet. There is plenty of fuel left for 13150 although that may be next week, it will need liquidity first
Insane in the Brain..
  • #835,907
  • Aug 21, 2024 4:43pm Aug 21, 2024 4:43pm
Quoting genadi
{quote} failed those who risked too much
I mean analysis failed.
Not the money loss
Intraday only.
  • #835,908
  • Aug 21, 2024 5:13pm Aug 21, 2024 5:13pm
Quoting TheHunting
{quote} it's going up as expected
Yes, as I said, DXY going down as expected also.

Note: Below the 2024 open, so the Year candle is now forming a huge Pin Bar IF continues lower, be warned, USD will cut rates is the WHY.

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It takes a lot for me to IGNORE you, but you can try.
  • #835,909
  • Aug 21, 2024 5:41pm Aug 21, 2024 5:41pm
Quoting BeeTogether
{quote} Can’t see a 200 pip drop just yet. There is plenty of fuel left for 13150 although that may be next week, it will need liquidity first
You told they need liquidity when price was 100 pips lower. They did not get liquidity and climbed. And now they still need liquidity.
  • #835,910
  • Aug 21, 2024 9:26pm Aug 21, 2024 9:26pm
Quoting eyefeelsix
{quote} bounce after the fifth underground myNext plan for Cable {image}

asian sessions, current-short -11p risk for +5R

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https://breakpullback.com
  • #835,911
  • Aug 21, 2024 9:27pm Aug 21, 2024 9:27pm
It means the traders take small liquidity for bigger move..
Lol
Intraday only.
  • #835,912
  • Aug 21, 2024 11:11pm Aug 21, 2024 11:11pm
Checking pa as top ranging , huge high impact news today and volatiles may increase on both sides though not plotted yet , take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #835,913
  • Aug 21, 2024 11:25pm Aug 21, 2024 11:25pm
Quoting Moty
{image}
ty mister goldi
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yes yes yes
  • #835,914
  • Aug 21, 2024 11:28pm Aug 21, 2024 11:28pm
come on gj
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yes yes yes
  • #835,915
  • Aug 22, 2024 12:33am Aug 22, 2024 12:33am
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yes yes yes
  • #835,916
  • Aug 22, 2024 12:39am Aug 22, 2024 12:39am
Let's make some poll around here...

Those of you who are bullish place a like on this comment and those of you who are bearish place a dislike on this comment.

Thanks!
  • #835,917
  • Aug 22, 2024 12:39am Aug 22, 2024 12:39am
Will bull launch its another offensive to 1.314 before correction or correction from now?
With courage, patience, and discipline, success is a matter of time.
  • #835,918
  • Aug 22, 2024 12:42am Aug 22, 2024 12:42am
Quoting JameRomeo168
Will bull launch its another offensive to 1.314 before correction or correction from now?
The only thing I'm doing is pilling into USD and will keep adding positions on every retracement if the price doesn't break the resistance. In that case, I'll dump everything.
  • #835,919
  • Aug 22, 2024 12:42am Aug 22, 2024 12:42am
Quoting genadi
{quote} You told they need liquidity when price was 100 pips lower. They did not get liquidity and climbed. And now they still need liquidity.
Last week when we were at 12850 it took a drop to 12799 before a rocket a to 129. The drop was good US data, but it used it as liquidity. From a pattern looks like a lightning zig zag. Now we have hit the yearly highs maybe a drop to say 130-13050 (using round psychological areas ) to fuel up to 13150-132?

hard to say but it is definitely plausible
Insane in the Brain..
  • #835,920
  • Aug 22, 2024 12:58am Aug 22, 2024 12:58am
Quoting BeeTogether
{quote} Last week when we were at 12850 it took a drop to 12799 before a rocket a to 129. The drop was good US data, but it used it as liquidity. From a pattern looks like a lightning zig zag. Now we have hit the yearly highs maybe a drop to say 130-13050 (using round psychological areas ) to fuel up to 13150-132? hard to say but it is definitely plausible
460 pips range already done this month, 820 pips range so far this year... Daily rsi read over 70, 4 hours rsi read over 80... These parameters all set up a reading of extreme overbought conditions. We may have topped at 1.3120 area... 1.2890 is possible area of interest now.
Data + Stat + Risk/Emotions Management
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