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The GBP/USD pair is widely referred to as “cable”. The term dates back to the 19th century, during which the exchange rate between the U.S. dollar and the British Pound was transmitted across the Atlantic via a huge cable that ran across the ocean floor and connected the two countries.
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"Chart Pattern" - A specific formalised shape, created by an asset’s ever-changing price, indicating potential future price movement.
Always have an exit strategy.
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