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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)

GBPUSD price action on the daily time frame is in consolidation within a falling channel (magenta). Presently, price action is at the upper channel line and adjoined to the 61.8 fib-retracement area of the bearish swing traceable to May 2021. We can expect a bearish reaction at the area.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
Quoting KeenPips
GBPUSD price action on the daily time frame is in consolidation within a falling channel (magenta). Presently, price action is at the upper channel line and adjoined to the 61.8 fib-retracement area of the bearish swing traceable to May 2021. We can expect a bearish reaction at the area. I may be wrong. Trade safe and prosper. KP {image}
Ok so far , weekly breakout down ok , daily breakout up and likely try reversal attempt before may follow weekly break out as daily attempt failure ! so now 2800 to 2840 test try possible , direct up now or 2700 or low support again. Let's see what happen !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
When I went short on gold, it was a mistake, fundamentally, against the background of the tensions in the Middle East, it was a mistake, against the background of the declines in the markets, it was a mistake, in light of the strengthening of Japanese wine, it was a mistake, that's why I flipped just in time
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short GU 2780, will add higher
People don't plan to lose. They lose because they don't plan.
Quoting ScalaFX
short GU 2780, will add higher
protected
People don't plan to lose. They lose because they don't plan.
Quoting Pat Chiko
{quote} GU Update on scalping position With some luck and good guessing got stopped out yesterday and reN3. In Summary : Nothing to hide, nothing to gain. The above buy sell trade was taken out for a 62pip in loss positive. I am in with some more buy sell trades. I do suspect a reversal to the upside at some point. Time is running out... Trade safe, Cheers. {image} {image} {image}
GU

More likely to be ranging until major data release midweek.
Structure break and retest.

Packing up all short position and start looking for long scalping.
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I come from the future.
Quoting Pat Chiko
{quote} GOLD Scalping setup only {image} {image} {image}
GOLD

with some LUCK, so far price rising as per my GUESSING.

I HOPE price will reach the next resistant level,
If not my newbie guess is wrong then.

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I come from the future.
Quoting Pat Chiko
{quote} GU More likely to be ranging until major data release midweek. Structure break and retest. Packing up all short position and start looking for long scalping. {image} {image}
Will be doing my shopping here today then...
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...it is what it is
Quoting Waveskierrob
{quote} Will be doing my shopping here today then... {image}
You're hurting my feeling
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I come from the future.
Quoting Pat Chiko
{quote} You're hurting my feeling{image}
People don't plan to lose. They lose because they don't plan.
GBPUSD ICHMOKO indicter on the daily we wait signal on 4H to Sell
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Quoting ScalaFX
{quote} protected
partials taken, redt to 2720
People don't plan to lose. They lose because they don't plan.
Quoting ScalaFX
short GU 2780, will add higher
good call
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Quoting ScalaFX
{quote} partials taken, redt to 2720


why USDCHF moving the same way with NZDUSD, GBPUSD, EURUSD, but not the opposite way?

Why there is no USDCHF correlation with other pairs like USDCAD?
Quoting genadi
{quote} why USDCHF moving the same way with NZDUSD, GBPUSD, EURUSD, but not the opposite way? Why there is no USDCHF correlation with other pairs like USDCAD?
i dont trademthis pairs sorry
People don't plan to lose. They lose because they don't plan.
Quoting genadi
{quote} why USDCHF moving the same way with NZDUSD, GBPUSD, EURUSD, but not the opposite way? Why there is no USDCHF correlation with other pairs like USDCAD?
not all pairs correlate some currencies are too strong to only move by correlation some even though they correlate may move in opposite direction remember institutional money make markets move
I know it’s hot here in the UK but damn even the markets are dead!
Insane in the Brain..
Quoting BeeTogether
I know it’s hot here in the UK but damn even the markets are dead!
Calm before the storm. This week gonna crazy with volatility.
Quoting JameRomeo168
{quote} Calm before the storm. This week gonna crazy with volatility.
lets hope so
Insane in the Brain..
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