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Why is GBPUSD called cable? 76 replies

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Cable Update (GBPUSD)

... bulls struggling at this pot supply zone atm.
Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Headland
... bulls struggling at this pot supply zone atm.
its gaining momentum to punch more higher , volume and pattern is supporting
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Bulls loosing momentum..
...1hr asc t/line bounce there @ top of that prev 1hr sw hi x 2 zone = prev res = pot rbs. How much supply left in this prev 1hr/4hr sw hi zone to 3567? Bulls strong enough to punch thru to upside?
Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting kris89
{quote} its gaining momentum to punch more higher , volume and pattern is supporting
Exactly. I expect London to pullback a bit and probably hit the daily pivot or few pips below and then go up. Or they go up hit resistance and wait for NY to sell. There are many options, but I don't see the good sell yet.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
...5min upper wicks and the regular bearish div makes it a tempting sell? Can you resist and stay long?

5min below
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
DXY might want to take a U-turn soon.

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Win or lose, everybody gets what they deserve out of the market
Yes yes and
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..tripped a few stops just above that zone? Provided liquidity for the sellers on the dip. Into the 4hr part of that prev 1hr/4hr sw hi zone to 3566/67 = pot rbs now.

4hr below.
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting Mitiblotch
43% buyers vs 57% sellers. Usually the herd will get hurt. Yesterday's daily candle didn't look good for bears. Then that liquidity grab at the bottom yesterday with a resultant "hot stove" effect also comes to mind. I wanted a better price but I just went long here anyway. At 3578 (DR1), I will bank some. Chart from mobile: {image}
This pair has become both stupid and annoying. Even with the so called data all you get is a spike and no follow through. Out with +1. Cannot be trading nonsense.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Mitiblotch
{quote} This pair has become both stupid and annoying. Even with the so called data all you get is a spike and no follow through. Out with +1. Cannot be trading nonsense.
out of my long , these will be down soon as price tripping crawl and loosen mementum per each candle

also price may spike another higher 1.35750-1.35800 before trip buyer to downstair , that level is watcher
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
love euro .....
not euphoria follower
Come on mf
give me the 1.35855
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Quoting Mitiblotch
{quote} This pair has become both stupid and annoying. Even with the so called data all you get is a spike and no follow through. Out with +1. Cannot be trading nonsense.
Hahahahahahaha, you sound like an African especially a Nigerian. Lols, were are you from??
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
...sometimes it's easy to get shaken out by a stop that's too tight for spikey market conditions on lower t/f's, and/or by PA and other factors on the lower t/f's, but you have to adjust accordingly for these and try and stay in what is the bigger picture relative to the t/f's you are trading (ie your longest t/f and above.) I've kept a long open and had 2 small target scalp shorts as well for +3 and +8 on the way up. Each shallow (so far) dip has been bought so far - that is what the market is telling us. It's bullish atm, until it isn't.

1hr is below.
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups
Quoting mysterio
{quote} we should break that high on news then I can think about short
done but waiting for a move into the 1.3570-80s for short, holding long
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sell @1.35660
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
If you are Long, be wary of 1H bullish candle to the left, some call it institutional candle that sponsored the bearish move yesterday, only a firm move above it around 1.3570 will dent bears ambition intra-day
Quoting kris89
sell @1.35660
if these level hold ill take the short for more longer to 1.34000 -1.32000
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Long in at 1.3560 target 1.3589
Don't trade what you think. Just what you see!!!
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