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ChiForex replied Feb 24, 2021In my financial opinion, the answer is after the new monthly/weekly open candle, everything else is just noise.
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021IMHO GU still has a little rise to the said 1.4130-40 as a Max push then the sharp fall will come for some reason, mostly fundamental to join the technical outlook that's already overbought. I'll bet on that..and anyways SL is easy, tight and nearby ...
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021Sounds hilarious when those BTC hodlers start bragging about BTC reaching new highs. They didn't wake up yet from their dream to notice that there is no one to cash out with their BTC at such high prices if they wanna exchange it for money at price ...
Bitcoin (BTCUSD)
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ChiForex replied Feb 23, 2021The pair still holding above 4 hour support now around 45000, a base below will slide it to around 38000 Currently, the best is to wait for monthly and weekly close/open to see the more clear bigger picture.
Bitcoin (BTCUSD)
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ChiForex replied Feb 23, 2021GU is caught in a sandwich btw keeping the bullish trend by turtling upward and being already overbought. After retracing to past resistance now support 1.4090 bounced back up, looking to be going soon to 1.4120s nearing the crucial resistance ...
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021Noticed that most who are loosing here are the ones trading breakouts, waiting and expecting a change of trend that's never happening. Trade swings or new highs and you'll at worse get out at small loss.
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021Back to same range after Powell. The 1hr and above time frames are still bullish, price should break below 1.4050 for change in 1 hr to reach 4hr supports, but if price bases above 1.4095 other time frames will go bullish again..and we'll be going ...
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021GU bull story ended, whatever Powell says price can't go more than 40pips up that's today high, retrace down 1.4010s-1.3920s
Cable Update (GBPUSD)
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ChiForex replied Feb 23, 2021Most traders are busy worrying of what price levels to buy/sell and Tp/Sl at than about money management. Most traders blow their accounts not because of wrong entries but because of risking more than 1-2% of their account balance on a single trade. ...
Cable Update (GBPUSD)
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ChiForex replied Feb 22, 2021I see the pair falling down to around 1.4010 if not also continuing to 1.3920s later
Cable Update (GBPUSD)
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ChiForex replied Feb 22, 2021We're entering a very critical resistance zone up to 1.4130s as we're also nearing month end that's also week end. If price closes this high on monthly, especially above 1.4130s that's very bullish. A retrace down to 1.3920s-1.3970 is necessary for ...
Cable Update (GBPUSD)
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ChiForex replied Feb 22, 2021Maybe, but as long as you stick to trading at crucial price levels, setting your tp/sl accordingly, you'll not go wrong even when market move randomly.
EURUSD
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ChiForex replied Feb 19, 2021I can't see a base for EU bullish movement. I see it already faced resistance and the fall coming..
EURUSD
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ChiForex replied Feb 19, 2021A base above 1.4030s on weekly is needed to turn it support and attack higher up to 1.4130s by next week On downside, 1.3920s turned to good support.
Cable Update (GBPUSD)
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ChiForex replied Feb 19, 20211.2150-1.2170 is a strong resistance area on weekly. Positive for bears if can keep price way below there like the better a close below 1.2100s Bulls will have to push price above 1.2170 to try targeting 1.2230-40s
EURUSD
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ChiForex replied Feb 18, 2021Guys...IMHO ain't wise to buy at levels like 1.3970 or even 1.3950 as price didn't even reach 1.40 yet, as risk to reward is very bad... if it reaches later but doesn't break/base above your positions are vulnerable to drawdown, 1.3950-1.40 is a ...
Cable Update (GBPUSD)
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ChiForex replied Feb 18, 2021Due to traders in general psycho problems, price will reach near 1.40, keep that in mind for a higher short position and better positioning for later on SL if necessary. If price bases above there, I see no other than around 1.4130s that should hold ...
Cable Update (GBPUSD)
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ChiForex replied Feb 18, 2021GU unexpectedly bounced again off the 4 hour support to keep bullish trend on that time frame. Now a base below 1.3920 needed to target 1.3875-95 first, while on upside 1.3950 main resistance, a base above will target 1.40 Only positivity for bears ...
Cable Update (GBPUSD)
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ChiForex replied Feb 17, 2021GU bulls will soon go to deep sleep
Many remember what I said before that good news for bears if price reaches monthly resistance 1.3900s early on as was good for bulls that price reached support 1.3560s early on, now we're still at mid-month, ...Cable Update (GBPUSD)