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Cable Update (GBPUSD)

  • #872,861
  • Mar 9, 2026 11:33am Mar 9, 2026 11:33am
Quoting Wavegarrick
{quote} I like what I am seeing with Gu Bulls. Have a great weekend. Cheers. {image}
Gu bullish divergence developing on the daily timeframe. It is just a matter of time before we see a major breakout to the upside.
Cheers.
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Trade to trade another day
  • #872,862
  • Mar 9, 2026 11:41am Mar 9, 2026 11:41am
Quoting Mitiblotch
{quote} I bought me some EU again. I think I might get 1600 thereabouts before another dump. Maybe, just maybe.
Out of my EU buys here at 1596. Good day.
  • #872,863
  • Mar 9, 2026 11:45am Mar 9, 2026 11:45am
Quoting Guy1969
{quote} For me, reading the GU key levels are clear. Price is currently at the SMA100 on the Daily, and that is strong resistance. At the same time, on the H4 chart, the SMA50 is stalling price. GU bulls therefor has to take, and stay above the D1 SMA100 for this is turn bullish. 1.34 is the key, above bullish, below bearish.
We should be looking at bounce back from Daily Sma 100 or 200 if MM did not abandon the direction....
Market Structure is the King.....
  • #872,864
  • Mar 9, 2026 12:11pm Mar 9, 2026 12:11pm
CADJPY, long target 118.10
  • #872,865
  • Mar 9, 2026 12:21pm Mar 9, 2026 12:21pm
GBPJPY, long target 213.10
  • #872,866
  • Mar 9, 2026 12:31pm Mar 9, 2026 12:31pm
GBPCAD, short target 1.8040
  • #872,867
  • Mar 9, 2026 1:40pm Mar 9, 2026 1:40pm
Quoting Guy1969
Going long GBPAUD, targeting 1.9130.
no sl?
anyway doesn t seems to work
  • #872,868
  • Mar 9, 2026 2:56pm Mar 9, 2026 2:56pm
Crude_OIL. This was on Trump's comment that the war could be over soon. Oil keeps finding buyers, and given the price inefficiency left behind on the run lower, I'm afraid oil will climb again.
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  • #872,869
  • Mar 9, 2026 2:57pm Mar 9, 2026 2:57pm
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yes yes yes
  • #872,870
  • Mar 9, 2026 3:01pm Mar 9, 2026 3:01pm
The euro is again the problem child, a fail at the H1 SMA100. This is the pair that will drag risk down.
  • #872,871
  • Mar 9, 2026 3:06pm Mar 9, 2026 3:06pm
I wouldnt long GBPUSD at this point with the risk sentiment being risk off. Wait for rallies and short them to the downside. Institutions are selling of GBP and majority of retail is long. I would short when price rallies and get a good entry.

COT (institutions) and Retail positions (trade against retail). AUD for example is heavily longed by instutions and shorted by retail... no figure. Short GBPAUD on rallies is a good idea.
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  • #872,872
  • Mar 9, 2026 3:07pm Mar 9, 2026 3:07pm
Quoting Guy1969
Crude_OIL. This was on Trump's comment that the war could be over soon. Oil keeps finding buyers, and given the price inefficiency left behind on the run lower, I'm afraid oil will climb again. {image}
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yes yes yes
  • #872,873
  • Mar 9, 2026 3:25pm Mar 9, 2026 3:25pm
Quoting Guy1969
Crude_OIL. This was on Trump's comment that the war could be over soon. Oil keeps finding buyers, and given the price inefficiency left behind on the run lower, I'm afraid oil will climb again. {image}
It's hilarious how everything Trump does is designed to make himself and his friends wealthier. I guarantee he shorted oil today.
  • #872,874
  • Mar 9, 2026 3:26pm Mar 9, 2026 3:26pm
Quoting res0219
I wouldnt long GBPUSD at this point with the risk sentiment being risk off. Wait for rallies and short them to the downside. Institutions are selling of GBP and majority of retail is long. I would short when price rallies and get a good entry. COT (institutions) and Retail positions (trade against retail). AUD for example is heavily longed by instutions and shorted by retail... no figure. Short GBPAUD on rallies is a good idea. {image} {image}
COT data is pretty useless when it comes to intraday trading. By the time the data is released, smart money has already completed position squaring. Retail traders will have more success analysing the DXY properly.
  • #872,875
  • Mar 9, 2026 3:29pm Mar 9, 2026 3:29pm
Quoting Guy1969
{quote} COT data is pretty useless when it comes to intraday trading. By the time the data is released, smart money has already completed position squaring. Retail traders will have more success analysing the DXY properly.
I mainly use it as an extra confirmation if it alligns with a proper fundamental view.
  • #872,876
  • Mar 9, 2026 3:59pm Mar 9, 2026 3:59pm
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H. --- 1.34 44 . . . near 34 50 . . . . Patience. I keep my long fttb. ...

  • #872,877
  • Mar 9, 2026 6:06pm Mar 9, 2026 6:06pm
Hmm... tha rise on EU ans GU was quick.
  • #872,878
  • Mar 9, 2026 8:51pm Mar 9, 2026 8:51pm
Quoting sharingan9
EURNZD long hit its target but the price movement is quite volatile. NJ short moving closer to target as well
CADJPY update. What a drop. Im starting to enjoy Asian session more than the others as the moves seem cleaner but im not sure why that is.
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NJ update. Short from daily R2 finally hit the target daily R1 after coming close to Daily R1 only reverse back up to Daily R2 a couple times lol. The R2 was the target interpreted as bearish by the market so i knew it wouldnt go pass that level and eventually would come closer to the target R1 or hit it or go below it.

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  • #872,879
  • Mar 9, 2026 9:53pm Mar 9, 2026 9:53pm
There's always something that sparks the fall:
ICYMI: Goldman Sachs & Barclays warn sustained oil surge could push US inflation toward 3%
  • #872,880
  • Mar 10, 2026 1:40am Mar 10, 2026 1:40am
Sold GBPUSD at 1.3447... target 1.3400... sell 2 limit at 1.3488... target 1.3447.
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