Cable Update (GBPUSD)

Quoting NewStart

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i can't see the move will down more for today. it's in the lowest price of the shoulder for H&S pattern. and what i said earlier, it's going nowhere means it would back up to the highest price of the shoulder. let see.

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Quoting NewStart

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maybe it's going nowhere today. stick on the shoulder of h&s pattern (H1 tf)

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Quoting Bones

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it would be highly risky to buy that support ,more like sell the break ,.. {image}

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Quoting NewStart

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{quote} let see. iam in long again SL 1.5624. it's friday anyway. it can be break or false break.

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Quoting Bones

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where is the head and shoulders h1 ? {image}

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Quoting NewStart

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{quote} seems your chart is monthly tf bro. look at H1 or H4. for me, the shoulder between 1.571x and 564x range. I might be wrong for long position, but who knows. there are so many method we can use to trade. as long as using SL, I think Iam ok.

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Quoting Bones

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I realise that its monthly I checked H1 and your not correct , you'd have to post chart.. {quote} {image}

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Quoting NewStart

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{quote} see it from November 24th. check H4 for smaller chart. http://assets.forexfactory.net/nfs/c...ic388239_2.gif

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Quoting Bones

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Hi do you mean bearish head and shoulder ,?obviously thats a bearish reversal pattern found after a up trend ? {quote}

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Quoting TerpFan2

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LooKing @the Weekly_Chart, "Folk's"... I hope Everyone had a 'Splendid Thanks Giving, It looks like a "Bearish Inverted Hammer", -Again, on the Weekly Chart, here? -Those better in "Candlesticking" can correct me here... Here's a Chart -(below), on 'what 'see on the Weekly, and a Good Read / "Link" on 'Inverted Hammer's'... http://www.profitablecandlestickchar...ertHammer.aspx Enjoy, Jeff Out {image}

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