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cable short for gbpusd? 10 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting Abuawad
i agree with you, i can see a fall from 1.4567 or 1.4625
Retest
Ok stopped out with last 1/4 of this trade but made nice pips on it.
Enter Signature
Oh E/U has been free fall for nearly 200 pips from 1.3937 to 1.3760 within just 25 minutes. I think GU should fall even faster than EU . (but GU has just fall only 60 pips). Is this a good chance to sell GU ?
Give me patience
Quoting Bullfx
Oh E/U has been free fall for 150 pips 1.3937 to 1.3760 within just 20 minutes.
Well wait for the cable i think cable will do more than Eru
Quoting dashboard
me too add another short, TP around 1.43
hit my TP. but still feel weird why it can free fall very fast. what is happen? no trade anymore for today
let's see tomorrow
Entered long at 1.4450
nice start of the week - 270+ pips
can't make that pounding nails or drum heads
:-)
Quoting dashboard
hit my TP. but still feel weird why it can free fall very fast. what is happen? no trade anymore for today
let's see tomorrow
The small retreat is to gather momentum to go up
Quoting Atondra
Entered long at 1.4450
what made you go long at that price??
Quoting golatigo
nice start of the week - 270+ pips
can't make that pounding nails or drum heads
:-)
make that 310 :-)
shorted again from 4537 and got out quickly
Quoting dashboard
hit my TP. but still feel weird why it can free fall very fast. what is happen? no trade anymore for today
let's see tomorrow
the fall was far worse in EUR pairs...


Sonic
Quoting sonicdeejay
the fall was far worse in EUR pairs...


Sonic
The E/U was an incredible drop. What a start to the new year ey!
Probability Professor
Quoting TheProdigy
what made you go long at that price??
Just scalping bro...since it has drop more than 100 pips i'm hoping there will be some kind of retracement. Anyway...already TP at 4535
i think visiting
1.4370
1.4325
1.4250
will be soon
Quoting Abuawad
i think visiting
1.4370
1.4325
1.4250
will be soon
agree with 4370
others not so sure just yet

short from 4540
GBP Construction PMI:
actual: 29.3, forecast: 30.5, pre: 31.8

I short only, don't go against the trend.
Give me patience
I literally have no idea why it is going up at this moment. Thought this hour would be a bear ride. Cant understand the market now.
Quoting Alfa159
I literally have no idea why it is going up at this moment. Thought this hour would be a bear ride. Cant understand the market now.
My advice to anyone trading GBP/USD is to always study the EUR/GBP charts and pair - they give you a lot of insight.

At the moment - US$ is strengthening against the majors (except commodity currencies). GBP is not lossing out too much because EUR/GBP and GBP/JPY are actually holding up which i sgiving strength to the GBP/USD.

Look at these charts to make sense of the move - and you will be suprised to see how well they correlate. Its the same when EUR/USD was moving up but GBP/USD was moving down - it was because of EUR/GBP.
Quoting Abuawad
i agree with you, i can see a fall from 1.4567 or 1.4625
testing again for the forth time and failed
Quoting lexazver
my projections for next couple of days and perhaps flor the week.

relatively Strong GBP,weaker usd, even weaker EUr, even weaker CHf

GBP/USD up
EUR/GBP down
EUR/USD down
EUR/CHF up
USD/CHF up
XAU down.

just my thoughts.

as of now my projections currently holding up.
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