Cable Update (GBPUSD)

Quoting Mayly-May

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{quote} 400 point to 1.33xx mission complete but i'm closed lol happy profit i don't see any signal or system to sell now maybe seller need to wait a "shooting star formation frist" when the graph slow glowing the end of trend must be shooting star 95% {image} Now buy scalping i really work for play this time (with sl)

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Quoting pointlessfor

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long 3247 long

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Quoting Afarensis

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Setup EURGBP. Whats your opinion? Bones {image}

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Quoting Luther

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{quote} Look at the Weekly. Last week's attempt at the bottom made a higher low than the first week of July. It's still thin summer market so we aren't getting much commitment for a larger move, but if price can get above 1.3360 my target would be 1.3660. Everyone is positioning ahead of the Jackson Hole, which should give us medium term direction.

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Quoting nafham

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Perhaps this is the correct bearish crab. The earlier post was too early. I should realised that the top tip should reach ~161.8 {image}

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Quoting Sammih

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{quote} How do we trade this sir

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Quoting Afarensis

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yes is not a nice weekly candle

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Quoting nafham

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{quote} its explained in the white square corner bottom.

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Quoting Dr.Phoenix

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{quote} Thanks, PowerTrade. I must say GU is a new pair to me; I like trade EU mostly. I have found that succesfully trading both pairs, doing it intraday, is impossible. Right now I have a difficult situation on EU, so I must dissolve it out. Best D.P.

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Quoting HaLBot

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{quote} We have been in a bull trend since 15th of August and I'm not going to try and predict where it will fail, if there is some political will from the people in power to fight to keep Britain afloat then I see 1.2800 as the bottom. If they give up and accept defeat then Cable could just keep heading south to it's all time low in 1985 of 1.0400..... I'd like to see it get to either 3370 or 3480 before pulling back 200 to 300 pips...depends on Fundamentals for those kinds of moves..

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Quoting HaLBot

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{quote} Also looking at Daily chart I think the downtrend started earlier than that......at 1.7186 on 14th July 2014 Just think some Canny trader out there probably held or is still holding a short position on Cable since that day....

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Quoting Luther

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{quote} Look at the Weekly. Last week's attempt at the bottom made a higher low than the first week of July. It's still thin summer market so we aren't getting much commitment for a larger move, but if price can get above 1.3360 my target would be 1.3660. Everyone is positioning ahead of the Jackson Hole, which should give us medium term direction.

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Quoting Sammih

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tp got hit. I think 3350 will be hit very very soon http://www.forexfactory.com/showthread.php?t=603940 {image}

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Quoting Afarensis

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GU need break Resistence & divergence 1h {image}

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Quoting PowerTrade

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{quote} You're welcome and why to the bolded? {quote} Thanks for another insight {quote} And I bet there is one, I'd like to be one of these one day! {quote} I swear that I hadn't seen weekly the way you do until now, I'll be looking into it. {quote} I've got to much to learn yeat, with the last 20 pips red candle, I was thinking about shorting, I just wanted another candle and some others indicators to confirm, but you're not even considering this.

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