Cable Update (GBPUSD)

Quoting Abeylyn

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{quote} It was a nice entry and the Sellers are not yet in total control. There will likely be at least one more encounter at your entry price with a deep buffer up to 1.3380. Thereafter, bounce and likely break upward or break downward. Risk management is just the basic key to this kind of Scenerio, most especially as we contend with 2 series of resistant against entry. I love the courage, confidence and desire. I wish there should be a repricing gap up or gap down as market opens to resolve these imbalance. Good luck friend.

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Quoting Wavegarrick

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{quote} Trade moved to break even and some, Important for bulls to close the week above 1.34422. Have a great weekend Cheers. {image}

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Quoting Yngwie

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Sold 1.3486

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Quoting Wavegarrick

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{quote} Unfortunately won't be around to monitor price action around this area but have set sell limits between 61.8 to 70% fib retracements. Cheers. {image}

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Quoting Abeylyn

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{quote} This may likely be a decision point to establish the current daily high as a macro resistant zone. A decision point following market open gap up. The whole pictures now favour Sellers from my own perspective. Happy new week trading all.

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Quoting Yngwie

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Sold 1.3486

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Quoting Yngwie

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{quote} add short 1.3505

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Quoting Guy1969

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US forces reported to have attacked sites in southern Iran The US military conducted “strikes in southern Iran” on Monday, according to a report by a US broadcaster. “US forces conducted self-defence today to protect our troops from threats posed by Iranian forces,” Tim Hawkins, a spokesperson with the US military’s Central Command, was reported as saying by Fox News. “Targets included missile launch sites and Iranian boats attempting to emplace mines. US Central Command continues to defend our forces while using restraint during the ongoing ceasefire,”...

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