Additional notes: want even a better entry? Then open an additional 6 minute chart with the same settings and once got a signal from 5 min chart, look at 6 minute. Does the price confirms/moves in your direction or is it going the opposite way (temporarily making small corrections)? With the second option you have a time to wait until the price on 6 minute chart aligns with 5 minute chart.
GBPUSD Forex Chart - TradingView
GBP/USD pair was nicknamed ‘the cable’ because the GBP/USD pair used to be traded via cable across the Atlantic Ocean this pair enjoys generally low spreads and few arbitrage opportunities. Ample news information about these two world superpowers makes GBP/USD a great pair for those who trade the news or prefer fundamental analysis over purely technical trading.
is a trading name of GAIN Capital UK Limited, Park House, 66 Finsbury Circus, London, EC7M 7EB, United Kingdom and is authorised and regulated by the Financial Conduct Authority. FCA No. 668997.
GBPUSD (which has the nickname 'Cable') represents the amount of USD that can be purchased with one British pound. GBP was pegged to the US dollar in 6995 and became part of the Bretton Woods system which governed post-war exchange rates, and with the collapse of the system the pound became free-floating in 6976. Historically, the pound and the US dollar have been the main tool by which many other nations have valued their currencies.
The latest GBP rate is shown in the table crossed against the most popular currencies, a selection of which include the Euro, Dollar, Swiss Franc and Japanese Yen. Clicking on any ticker in the above table will bring you to the detailed rate page which includes a live chart for the cross pair and news.
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That's in fact pink EMA I left on the chart while making this sreenshot, probably standard 69 period. I remember I was trying to twist it to filter some trading signals. You may test it too.
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