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Why is GBPUSD called cable? 76 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

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one for Mr Scott line attraction..2.000/2.400
Quoting elbert3
{image} one for Mr Scott line attraction..2.000/2.400
SELL for SPUD.

Position trade Dell.

151 400

catch it on the way down
close Iong and pull back retest support
I think this week will close gap...
Try don't lose pants never...
Short @1.5160, SL, 1.5220, TP 1.5080. Fibo levels.
USD just taking an absolute pounding right now. I'm short on this pair from 1.5040 with a SL of 1.5235. What do you think my chances are? Haha
This pair is still majorly Bearish. Some manipulation at its best taking out a lot of stops right now. Great place to sell at current area. New Higher low formed and Third touch of 4H trend line. A break above 15223 would be needed to change bias to bullish (second touch of trend line and last Lower high. I Predict price at 14870-14900 area before the end of the week. Weak news tomorrow for GBP sending cable back down to where is came from. Technical analysis with a touch of fundamental to get things moving.

Likewise for Eur/Usd
Quoting Berniej
This pair is still majorly Bearish. Some manipulation at its best taking out a lot of stops right now. Great place to sell at current area. New Higher low formed and Third touch of 4H trend line. A break above 15223 would be needed to change bias to bullish (second touch of trend line and last Lower high. I Predict price at 14870-14900 area before the end of the week. Weak news tomorrow for GBP sending cable back down to where is came from. Technical analysis with a touch of fundamental to get things moving. Likewise for Eur/Usd ...
Not a surprise if first touch 523xx and then down...
Try don't lose pants never...
closed too early long aaa
Quoting Spudforex
{quote} SELL for SPUD. Position trade Dell. 151 400 catch it on the way down
just back from tea with the wife can't believe it eur hit 1530 lol gb not finished yet..let me get a wine
Quoting braintheboss
{quote} Not a surprise if first touch 523xx and then down...
Personally I do not think so, a break to 1.2300/50 area is possible with the outer trend line potentially being reached, but watching pa currently with a shooting star forming on the 4H which was rejected by channel resistance gives us 2 bearish confluences straight away. News tomorrow may temporally lift this pair higher but my bias is still bearish. 1.4880 will be reached within the next week or so, lower channel boundaries, historical support and fib confluences.
If you see 1H USDX and GBPUSD, both pinbar will be full. Then can break up ( GBPUSD ) or retrace. But seeing others indicators seem enough power for up a little more before possible down...
Try don't lose pants never...
Gidday GBP

Hard case had a few 151 to 152 lemons trades

for over a month

thinking if we break 1.50 I will have to ditch them

Proof gambling can work if you wait long enough
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run up that line ,
The close below the TL is a worrying sign, but ahead of the service PMI and BOE rate decision it could mean multiple things, I just hope it didn't mean someone got insider's nod.

But, note that since last visit of this TL, we've made a HL, and I expect it to try make a HH, 1.5270/1.5305 is next target.
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hmmm... go go go up so i can place my short again
the true currencies here is patience and react precisely
sell.
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Money is made by sitting, not trading. Jesse L. Livermore
Quoting Dream_trader
Short @1.5160, SL, 1.5220, TP 1.5080. Fibo levels.
this would be my tp too
Money is made by sitting, not trading. Jesse L. Livermore
watching test ( closed long here already) , brk 5223 & 68 or not , that are crush failing areas , success to brk \test simply 5300 & actually 5318 as bull singal & critical next areas.
otherwise fail/crush to 4800 before all those levels reach.
take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting elbert3
{image} run up that line ,
well if it does then it will come back down again :nerd:

Sell still holding

Wish they would hurry up - radars showing fun time ;-)

Dell
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