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Why is GBPUSD called cable? 67 replies

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

H1
1.3572 below = short
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I'm looking here.....200MA on 4hr to complete Wave 4 on daily
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1.35680-1.35713 strong support zone
Quoting Mitiblotch
Hmm... I see this thing going high up today. It is a wonder how EU keeps standing tall and GU falls like a pack of cards! All this is about EURGBP. For price to move up they take EU up or make it stable while they dump GU. What a game!
Hi Miti
Yes and EurGBP is trading off a historically (5 years) strong bounce area at 0.8300. We could see a period of Pound weakness.
Cheers.
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Trade to Trade another day.
Quoting clemmo17
{quote} What's going to cause that (USD collapse)?
he is just day dreaming...
Maadik Hugiis. IQ 69.
Quoting OnlineAddict
{quote} What falling knife? I hope you mean USD, because that will collapse next week...buying dips on EU and GU is the safest thing for a long time into the future.
Agree
Quoting Szakhele719
When you trying to catch a falling knife what's going to happen to your hands? {image}
I don t see any reason to buy or sell some knifes, it is only no trade, for a while
Regardless of what happened yesterday buyer's adaptability could have save the entire situation knowing fully well that 1.36615 could have brought about a change in the overall buying sentiment.
Keep the Lights on then you can catch the rise from the dark.
someone said here the usd will collapse next week. so here is not a bad buying point...
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Maadik Hugiis. IQ 69.
Quoting clemmo17
{quote} What's going to cause that (USD collapse)?
Nothing, USD is going up
Or at least GU is going down, (presuming a close this week below 3581).
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Dow30 and Nasdaq100 already up. GU will up soon, maybe.
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Quoting mysterio
{quote} Agree
GU political sentiment changed.
BJ not stepping down, government has big trust issues to solve, will take time to sooth this wound.

Dollar is hawkish right now, big money fixing inflation issues behind closed doors.

I love day dreaming! Trading these lot sizes would be a fantazy becoming a reality.
2 days gaming account
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Staying positive
Today is OPEX day for equities, watch out for potential vol, affecting dollar

EDIT : trend is down since 3650 anyway, for now selling rallies technically is better
COT: The precious data ignored
Quoting MoneyZilla
someone said here the usd will collapse next week. so here is not a bad buying point... {image}
May just rumors! Usdx daily so far bear, likely start bull today towards 96 as far possible. So gbpusd may continue towards 3551/30 to 3507 today even!
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Cable . 21 hour down trend so far , since 3.00 pm yesterday , London time .
Quoting maxi444
{quote} I don t see any reason to buy or sell some knifes, it is only no trade, for a while
Composure
Quoting MoneyZilla
someone said here the usd will collapse next week. so here is not a bad buying point... {image}
this buy did not trigger, did it?
look for the next one, if it happens to be below that price...
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Maadik Hugiis. IQ 69.
Quoting Jolita
{quote} GU political sentiment changed. BJ not stepping down, government has big trust issues to solve, will take time to sooth this wound. Dollar is hawkish right now, big money fixing inflation issues behind closed doors. I love day dreaming! Trading these lot sizes would be a fantazy becoming a reality. 2 days gaming account {image}
even in daydreaming, 10 lots considered reckless, might be the side effects of cold
sell limit 1.35635 sl 1.35765 tp 1.35285
nic day
I would anticipate a bounce from the confluence point just below
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Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
32 traders viewing now, 6 are members:
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