Cable Update (GBPUSD)

Quoting Rtm

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Weekend Trade Idea Here is probably the best entry you can possibly get, right now until about wednesday is when this pair will likely start its trek up. We have entered back onto what was previsouly resistance and broken through and now will look to hold as support on a MAJOR weekly TF level. From here we can look for lower tf entries for great RR. Like this 1MIN pin bar! Which is reflecting off this level etc US yields are still weak and thus limited any real bull momentum here for USD. {image} {image} {image}

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Quoting Rtm

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Weekend Trade Idea Here is probably the best entry you can possibly get, right now until about wednesday is when this pair will likely start its trek up. We have entered back onto what was previsouly resistance and broken through and now will look to hold as support on a MAJOR weekly TF level. From here we can look for lower tf entries for great RR. Like this 1MIN pin bar! Which is reflecting off this level etc US yields are still weak and thus limited any real bull momentum here for USD. {image} {image} {image}

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Quoting Mr. Scott

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{quote} Good evening. I appreciate the idea, although we must allow significant room on such a large tf. Some relevant charts. {image} {image} {image}

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Quoting HDA

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{quote} @Anti_Losses: I share because I can I share because I like sharing I share because I know the struggle I share because I like to help I share because I care I share because sometimes life can be so unfair I share because that is how we grow, we all live in an interdependent world HDA OUT

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Quoting GlobalMacro

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FINAL UPDATE: This is the thread's current Order Board for 1.6750 : Feel free to indicate your bids and offers at any time ONLY if you're looking for 80 or more pips TP. Please indicate your interest : bid or offer and your TP expectation. Orders will be entered in the order in which they are received. Current Volume 3:5 OFFERS OVER 5. Princess Christina 4. Davit 3. Elbert 2. Sami 1. Bones 1.6750 1. HDA 2. Ill_be_back 3. Hollowhead IMPORTANT NOTICE: THIS IS JUST FOR FUN . TGIF FUN . DO NOT TAKE THIS SERIOUSLY . T . G . I . F . HAVE A GREAT...

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Quoting Mr. Scott

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{quote} Good evening. I appreciate the idea, although we must allow significant room on such a large tf. Some relevant charts. {image} {image} {image}

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Quoting elbert3

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{quote} Good morning Sir i am looking at the month now we are on the way to meet the 10 ema price has been away from home to long ,price allways comes home to the emas , but dont forget emas are move towards price,, i think we will see emas bend now so this will mean the 1st opinion 6630 / 6600 area 23% fib on the weekly and 61% ext on the day , if we get to this number we will be trading under the 200 on that day chart ,,thats me side note ,,double bottom on the day could be a spoiler ,, and interest rate will be put off now untill 2015 in my opinion...

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Quoting Bones

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Hi Tom ,really I have no idea about cot , only I think that information is already on chart , I won't use monthly cause its driving me mad ,I agree that cable is indeed on a uptrend ,but stick to top of range ,Ive been trying to pick up something harsh to downside and waiting for weakness ,but I've had to be on my toes , but also the ugliness of up move so have bulls , I'm reading these last 3 , 2 month candles as weakness ,but equally could just be bulls fighting extreme res, {quote} {image}

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Quoting Bones

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its a good time to look at 2 month ,which close end of this month ,I have 747 as number to take ,under this number bears would have complete control imo but the probability of taking high is at an extreme low ,in effect trend changer {quote} {image}

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Quoting Bones

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well monthly is dark cloud off top of range this pair has not broke overall range ,maybe a few pips and now is falling , beak high maybe later ,but not this year , {image}

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Quoting slimcat

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In my opinion your 2 month chart shows where the buyers will possibly come in, and a bit lower also, this will then push cable up for a retest of the highs, see highlighted square for 3rd retest bar. No one on this thread has mentioned a big change in fundamentals? and this has already fallen over 400 pips so why should cable continue down now after rising for over a year? {image}

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Quoting slimcat

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In my opinion your 2 month chart shows where the buyers will possibly come in, and a bit lower also, this will then push cable up for a retest of the highs, see highlighted square for 3rd retest bar. No one on this thread has mentioned a big change in fundamentals? and this has already fallen over 400 pips so why should cable continue down now after rising for over a year? {image}

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Quoting giveachance

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{quote} appreciate your views tony but much depends on 6720. if we break that we may fall quickly to 1.66. a big swiss bank was trying to take out 1.68 barrier earlier in the asian session. watch out for the swiss interest in this pair. I think it was credit suisse

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Quoting Catempire

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{quote} Slim with such a fast drop and also through the upward channel I don't see how this will have a fast turn around and test new highs, momentum is on the bears side and although there may be some smaller retraces I cannot see this heading much higher with gbp struggling.

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Quoting Bones

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ill eat my hat if this month breaks open {image}

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