Cable Update (GBPUSD)

Quoting Georginson

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{quote} heavy crash awaits

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Quoting Georginson

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{quote} heavy crash awaits

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Quoting Abeylyn

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{quote} Its not possible to really predict direction with 100% accuracy hence the need for proper risk management. All i can say from here is that price is currently at decisional point and i am bearish. If it comes my way, fine and if against, i will join the winning team. Good luck to allofus.

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Quoting ChiForex

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Folks, it's not like the EU bulls are doing something unexpected or not understandable. I've talked a week ago about 1.1670s resistance(review my posts) and it can add some more pips as the weekly and monthly chart resistances adjust with current price action but it's all clear.. However, the BS is that they're doing this movement very early in the month, actually in the very first week after Friday's huge pull up following a huge fall last month. So in few trading days they pulled it all the way from 1.1390 after the big fall from 1.1830, but like...

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Quoting Georginson

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{quote} EURUSD has done almost 300 pips up move and GBPUSD has done almost 200 pips up move in the first 5 trade days of this month. As for GU, as far as price trades below 1.3388, the pair will likely crash to 1.2915, which will likely drag EU along to 1.12 area. Either 1.3589 or 1.2926 will be seen this month on GU. My bias is bearish As far as price trades below 1.3388. I agree, RISK MANAGEMENT IS KEY. Each bias must have invalidation, a weekly close above 1.3388 will diminish the chance of 1.2926.

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Quoting Headland

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... Price @ the current dly/wkly hi is beginning to challenge the coexistent/overlappinng prev 1hr/4hr/minor dly sw lo zone = pot sbr, and above it a prev 1hr/4hr sw lo zone = prev sbr =pot sbr,} in which a 3 fib cluster exists, and the Mthly Pivot just above it, which has yet to be bothered by price so far this week after opening the week below it....

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Quoting ChiForex

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Folks, I've to remind all here about money management, so some don't misinterpret my words. When I talk about adding shorts, it's not at random levels but crucial ones, and important to know that my margin level% stays at or way above 4500-5000%, so unless the market flies 1000 pip in one direction, my account is always under control with good money management and this is how yours should be too. Good luck

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Quoting msqk

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With a cocktail of high impact fundamentals, my trend bias is long with macro (SMA 200 and SMA 800) crossing @ 0000hrs gmt, my focus is any sign of continuation or reversal along the footprint. 1. equil proxies are harmonised in support of BUYER'S that is H1 @ 3319 is above H4 @ 3296 2. 3345 is a key level as determinant for any action henceforth, ........ wating {image}

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Quoting Yngwie

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Sold 1.3370

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