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Cable Update (GBPUSD)

come on gj
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Let's make some poll around here...

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Thanks!
Will bull launch its another offensive to 1.314 before correction or correction from now?
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.
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..
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.
Rejections spur me for greatness!!!
Quoting Georginson
{quote} 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.
I agree the move has given that over bought scenario however for it to drop below 130 may take more than technicals
Insane in the Brain..
You wil be wondering why so many strategies in this market
that's the same as sports different players different plan

you will mostly survive with a combo of risk management, strategy and good mindset is your edge
MY OPINION NOT FINANCIAL ADVISE
today or tomorrow first red day
1hr three drive parttern

pending short 1.3120

RR 1:3
MY OPINION NOT FINANCIAL ADVISE
Quoting donfriday
You wil be wondering why so many strategies in this market that's the same as sports different players different plan you will mostly survive with a combo of risk management, strategy and good mindset is your edge
Good analysis, good system you can rely on, confidence and money management. Yes!
This h1 reversel strategy is working
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Might have seen the days lows already. 13080 didn’t break through the APAC session.
Insane in the Brain..
Sold 1.3094
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Quoting moty
this h1 reversel strategy is working {image}
big picture says short the mf
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Quoting Georginson
{quote} 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.
420 still trading low because we have seen months were it got to between 630-945 and years when it got to 1260 and above GU still got some bull steam
Keep the Lights on then you can catch the rise from the dark.
Quoting genadi
Sell GU here at 1.3088
Did nod drop over night. Sad.
Quoting Moty
This h1 reversel strategy is working {image}
Hallo

What kind of stochastic settings are U using?
In 1 and half hours, this will decide
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Quoting genadi
{quote} Did nod drop over night. Sad.
If it didn't drop overnight, means it wouldn't drop during NY?
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