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Cable Update (GBPUSD)

  • #415,661
  • May 25, 2015 12:46am May 25, 2015 12:46am
Even with the break of ascending trend-channel, the 1.5460-50 region could restrict near-term declines of GBPUSD.
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  • #415,662
  • May 25, 2015 1:29am May 25, 2015 1:29am
I would want to sell but question is from where, maybe 5524-5545, if it gets there later today.

But since EU/US/UK bank holiday today, it will be very quiet and very sloooow, patience needed
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  • #415,663
  • May 25, 2015 2:08am May 25, 2015 2:08am
Quoting Darkforce
I would want to sell but question is from where, maybe 5524-5545, if it gets there later today. But since EU/US/UK bank holiday today, it will be very quiet and very sloooow, patience needed {image}
algorithms today are playing the big boys coming back tomorrow
  • #415,664
  • May 25, 2015 2:12am May 25, 2015 2:12am
Quoting Dano12
{quote} algorithms today are playing the big boys coming back tomorrow
Quite bouncy last couple of hrs. Low liquidity days are difficult to trade
  • #415,665
  • May 25, 2015 2:51am May 25, 2015 2:51am
Still holding my sell position 156 800

Meter is running
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  • #415,666
  • May 25, 2015 3:41am May 25, 2015 3:41am
Quoting Darkforce
{quote} Quite bouncy last couple of hrs. Low liquidity days are difficult to trade
back tomorrow
  • #415,667
  • May 25, 2015 3:55am May 25, 2015 3:55am
bored day
  • #415,668
  • May 25, 2015 4:53am May 25, 2015 4:53am
Now that GBPUSD has confirmed a break below a short-term ascending trend-channel, a subsequent drop below last week's low of 1.5445 now seems to force the pair to extend its near-term weakness and test sub-15300 level.
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  • #415,669
  • May 25, 2015 8:23am May 25, 2015 8:23am
Gbpusd h4


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  • #415,670
  • May 25, 2015 6:56pm May 25, 2015 6:56pm
shorted... target to 1.5402.
use leverage with caution...
  • #415,671
  • May 25, 2015 10:23pm May 25, 2015 10:23pm
Definitive Direction still sell - bias to a turning point on confirmation

240 pips no close as yet.
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  • #415,672
  • May 25, 2015 10:29pm May 25, 2015 10:29pm
hopefully we are goin down ...
  • #415,673
  • May 25, 2015 10:33pm May 25, 2015 10:33pm
Higher time frame for Direction - Be carefull today.
Trend lines showing all the answers.
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  • #415,674
  • May 25, 2015 10:39pm May 25, 2015 10:39pm
4 hour chart really does tell you all that is needed to know .
No BUY confirmation yet but yes possible today.
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  • #415,675
  • May 25, 2015 10:52pm May 25, 2015 10:52pm
Keeping open shorts for 5392 & 5292 for 5088 play to see .
take care whatever it cab all time.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #415,676
  • May 25, 2015 10:55pm May 25, 2015 10:55pm
Scalpers World one min chart would suggest a further sell this morning but only via a further high first of course.
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  • #415,677
  • May 25, 2015 11:01pm May 25, 2015 11:01pm
DING DING 7 am bell and its ROUND ONE -
Ref blow that whistle.
  • #415,678
  • May 25, 2015 11:10pm May 25, 2015 11:10pm
Quoting H4-forex
hopefully we are goin down ...
remember Muphry's Law!
  • #415,679
  • May 25, 2015 11:30pm May 25, 2015 11:30pm
Quoting HareshBM
Now that GBPUSD has confirmed a break below a short-term ascending trend-channel, a subsequent drop below last week's low of 1.5445 now seems to force the pair to extend its near-term weakness and test sub-15300 level. {image}
Now that GBPUSD is trading below 1.5445-40 support area, it seems to have confirmed a drop towards testing its next support near 1.5290-85 zone.
Aggressive shorts would enter at current levels with a stop-loss being placed above Monday's high, near 1.5510 level.
  • #415,680
  • May 25, 2015 11:33pm May 25, 2015 11:33pm
GBPUSD could accelerate its decline to 1.5355, breaking which 1.5265-70 becomes imminent support.
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