NIce work though you bagged fair few pips there. Cheers i need some caffeine too! lol I hope my long can get through 3795, then i might get a crack at 3900

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dunno why your spreads went crazy id have a word with your broker! i would have taken profit by now personally I just went long from 3734

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Morning! Nice work

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Good point it is looking like inverted H&S lets hope it doesnt come back take out my stop and then shoot up cable loves doing that

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WHoever took the 3900 short did well! I just squeezed in a long at 3734 that might be a double top on EG as well?

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That was the bounce of the top of the channel it didnt quite get as low as 3812 though

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Also forgot to mention be v carefull past 3900 price could shoot up from there, 3990 being the next level past 3900 on my chart anyway

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For it to touch 3812 it would have to retest the top of the bearish channel this is possible but i would be happy with break even and see what the price does from there personally, closing below 3800 and were back in the bearish channel and heading ...

Cable Update (GBPUSD)

I closed out for a few pips as didnt like the PA, wish I kept it now as i could have locked it for a nice risk free crack at the whip. The reason I closed I noticed we broke out of a bearish channel and Dollar index has fallen below monthly support ...

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can you see that attachemtn or is it blank ?? My mobile phone internet connection is poo at the moment so sorry if its blank

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I was considering the same trade but here is why im no longer considering it. we have broken out of the bearish channel (in between redlines) dollar index has broken below support levels as well, i'll watch and see how this plays out for now and ...

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EU is looking far too bullish and is spooking me out, so i closed out. It shall be interesting too see if the dollar sell off continues tomorrow

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Right sod it! ive closed out for 8 pips im gonna come back in the morning and fight this thing Good! Good luck with your trades everyone catch you all later

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Finally some dollar buying i thought the dollar bulls had packed up and gone home lol

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My guess is there is a lot of dollar selling today, maybe commercial selling which is normally spread out throughout the day. I expected the dollar to get some support from falling oil prices today but that didnt seem to be the case

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Nah i dont think so either. Over 3900 and this thing could rally though, i'll take a step back if it does go over

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Yeah im cautiously bearish considering the recent dollar weakness

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on the subject of double tops there seems to be one forming on the dow now

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Thats was accurate ! Assuming of course that was the end of the little rally im short once again 3875

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flagging PA

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