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Cable Update (GBPUSD)

  • #874,421
  • May 4, 2026 8:29am May 4, 2026 8:29am
Quoting Yngwie
Sold 1.3566 SL 1.3580
closed 35p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #874,422
  • May 4, 2026 9:24pm May 4, 2026 9:24pm
Gold, short target 4450.
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  • #874,423
  • May 4, 2026 9:28pm May 4, 2026 9:28pm
GBPUSD, short target 1.3460, EU short target 1.610
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  • #874,424
  • May 4, 2026 9:33pm May 4, 2026 9:33pm
AUDUSD, short target 0.7120, NZDUSD short target 0.5830
  • #874,425
  • May 5, 2026 12:27am May 5, 2026 12:27am
Short 1.3540
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #874,426
  • May 5, 2026 1:09am May 5, 2026 1:09am
Inserted Video
  • #874,427
  • May 5, 2026 1:20am May 5, 2026 1:20am
What a joke, the price dropped so fast, by the time I opened TW, it was back at the entry point. So we lose for sure, but profit just can't be hit, missed me for spread. Fuck this game
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  • #874,428
  • May 5, 2026 7:18am May 5, 2026 7:18am
Quoting Guy1969
Gold, short target 4450. {image}
not your best day
  • #874,429
  • May 5, 2026 8:14am May 5, 2026 8:14am
Quoting Yngwie
Short 1.3540
add sell 1.3567 SL 1.3580
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #874,430
  • May 5, 2026 8:40am May 5, 2026 8:40am
Quoting Yngwie
{quote} add sell 1.3567 SL 1.3580
i sold Right now. 3574
  • #874,431
  • May 5, 2026 9:33am May 5, 2026 9:33am
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5' --- I exited my longs here , NOW...........

  • #874,432
  • May 5, 2026 11:27am May 5, 2026 11:27am
Quoting Wavegarrick
{quote} Just closed this buy trade for 160 pips profit. Have a great weekend, Cheers. {image}
Buy trade at 1.35513.
Cheers
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Trade to trade another day
  • #874,433
  • May 5, 2026 12:30pm May 5, 2026 12:30pm
Quoting micho
buying 2 more positions GBPUSD at 1.3262
Closing all now at 1.3543
When life gives you lemons, make lemonade
  • #874,434
  • May 5, 2026 12:31pm May 5, 2026 12:31pm
Quoting micho
buying GBPUSD now at 1.3392
Closing all now at 1.3543
When life gives you lemons, make lemonade
  • #874,435
  • May 5, 2026 5:58pm May 5, 2026 5:58pm
Pattern and candlestick read
This looks like a short-term bullish reversal / rounded bottom after a bearish leg. Price rejected the lower band, then pushed back above the mid-band with stronger green candles. The latest pullback held around 1.3545 to 1.3550, then buyers stepped in again, forming a higher low. That supports a possible continuation toward the upper band.
Key levels
Support: 1.3567, then 1.3545, then 1.3528.
Resistance: 1.3585, then 1.3600, then 1.3615.
Trade plan
Best entry was the buy signal around 1.3567. If you are not in yet, I would not chase too high. I would look for either:
Pullback buy:
Entry: 1.3567 to 1.3560
Stop loss: 1.3540
TP1: 1.3585
TP2: 1.3608 to 1.3615
Breakout buy:
Entry only if H1 closes above 1.3585
Stop loss: 1.3565
TP1: 1.3600
TP2: 1.3615
Invalidation
If H1 closes below 1.3540, the bullish recovery weakens. If price breaks below 1.3528, the buy setup is invalid.
ForexFactory style paragraph
GBPUSD H1 is showing a short-term bullish reversal after rejecting the lower band and forming higher lows from the 1.3515 area. Price has reclaimed the mid-band and printed a fresh buy reaction around 1.3567, which supports continuation as long as 1.3540 holds. I prefer buying a pullback into 1.3567–1.3560 or waiting for a confirmed break above 1.3585. Targets are 1.3585, 1.3600, and 1.3615. The setup weakens if price closes below 1.3540.
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  • #874,436
  • May 6, 2026 1:24am May 6, 2026 1:24am
Long 1.3590 SL 1.3575 TP 1.3655
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #874,437
  • May 6, 2026 1:37am May 6, 2026 1:37am
So continues bounce for 3712 + before good correction next as gross pa. Care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #874,438
  • May 6, 2026 2:23am May 6, 2026 2:23am
Inserted Video
  • #874,439
  • May 6, 2026 4:32am May 6, 2026 4:32am
IF this is truly an offramp to the war, then I'm more than ok with losing 90p in stops, but my gut says this is just another Trump Taco trade. Iran already saying their understanding on what's being negotiated not aligning to what the US media is reporting. I'm on the sidelines.
  • #874,440
  • May 6, 2026 4:37am May 6, 2026 4:37am
Quoting Fishbones
{quote} not your best day
Nope, but it's all good, it happens. Next week I'll just take it back.
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