Next question is, how low will it go?

Cable Update (GBPUSD)

Good question Eren Don't you love getting a question to a question In answer to your question, it's already happening IMO.

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Man, if your weekly chart has not yet given your system a buy signal, you need to fire that chart bro url

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I also think we are soon due for a retrace back to your line, even a smidge deeper. with regards to seeing 1.22 before 1.42, in the immortal words of John McEnroe “You can’t be serious”?

Cable Update (GBPUSD)

Yup

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Hi Headland, yep, that’s the monthly support, turn resistance spot I was looking at

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I’m still Long so can’t short due to rules, but I’m thinking a bigger retrace from resistance above than a single session’s/day’s movement.

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coming up to monthly resistance area around 3260 area. Am thinking a bearish reaction after this straight up run is likely.

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In yesterday's case, It's better if the body is bearish

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oops, there goes the high This pair is on a ridiculous mission

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a decent daily bar for bears but hard to tell as it still closed higher.

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that wouldn’t be too surprising, majority of FF traders with Registered TE’s on this site, have been short for the past 5 days.

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Always here for you Waveski

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or 2...

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it’s alright mate, it will get a reaction from the underwater and envious . longs going well right…

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Thanks for the warning. What should we be looking out for?

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image

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Good work Wave, valuable analysis people can actually use to grow as traders. Keep it up

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Good analysis Ideally, we need a daily close above 2888 region to confirm bullish continuation

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it’s at a short term tricky spot right now for short term bulls.

Cable Update (GBPUSD)