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Cable Update (GBPUSD)

  • #874,481
  • May 8, 2026 3:54am May 8, 2026 3:54am
Quoting Yngwie
Long 1.3550
Friday anything can happen. closed 60p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #874,482
  • May 8, 2026 3:58am May 8, 2026 3:58am
Friday for bear in GU. shorting it currently. Same seeen on XAU
  • #874,483
  • May 8, 2026 3:58am May 8, 2026 3:58am
Quoting Yngwie
{quote} Friday anything can happen. closed 60p
It looks like they will attack 1.3700 today
  • #874,484
  • May 8, 2026 3:59am May 8, 2026 3:59am
Quoting Marbas
{quote} It looks like they will attack 1.3700 today
first they need to pass 1.3640~

why is it rising actually
  • #874,485
  • May 8, 2026 4:35am May 8, 2026 4:35am
Quoting W0lfram
{image} - current monthly low @ yearly mid range; near the Apr POC - technically untested - 3 surges above monthly open, but all 5 days closed below it (-0.4%) How much sense does it have in this shit_on_the_fan environment? (+ Japan has the right for 1 more intervention round (3 per 6 months)){image} Bears need to make a new low, preferably tomorrow
+sell @ 1.362
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Air force
  • #874,486
  • May 8, 2026 5:15am May 8, 2026 5:15am
* The 3623 CDH is the 4th upside 4hr b/o of 3612 LMH.
* Wkly R1 or Wkly S1 have not been bothered so far this week, on this last trading day of the week. Price presently trades above today's Dly R1, above the Wkly Pivot again, and still above the Mthly Pivot - where it has been since the new month started.
* No b/o either way of 3454 LWL or 3658 LWH/CMH so far this week, on this the last trading day of the week.
* Intraday is v.bullish so far, with today's AL equal to YL, and a 1st still true upside b/o of today's AH to the CDH.
* U.s Nfp etc data later may have an impact on price, which overall, remains susceptible to geo-political developments' influence.

1hr below
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Trader with an Edge.
  • #874,487
  • May 8, 2026 5:53am May 8, 2026 5:53am
Quoting Headland
{quote} Hi. Because there is more buying volume than selling volume that needs to be filled. That's all we need to know as technical traders. ----------------------------------------------------- ...4hr (and 1hr) candles close v. bullishly. 4hr below {image}
Usually this beautiful triangle on your chart should break upwards.
  • #874,488
  • May 8, 2026 6:07am May 8, 2026 6:07am
GBPUSD UPDATE.

There are two competing forces, trend continuation at point C of ABC and Reversal / Retracement at point D.

Watching out for price reaction between 1.3640 to 1.3660 to Sell GU. However, if the buyers can break this existing trend to the upside, I will say congratulations to them.

Alternatively but low probability if price can pullback strongly to 1.3550 to 1.3570, I will join the buyers crew.

Have a nice day trading all friends and buddies.
Market Structure is the King.....
  • #874,489
  • May 8, 2026 7:15am May 8, 2026 7:15am
Eu resistance 1.1780
I only follow traders with IQ above 160
Challenge Tour All Time Return: 516.5%
  • #874,490
  • May 8, 2026 8:35am May 8, 2026 8:35am
What a comeback by the bulls, was it really NFP today? the market is optimistic about something, or maybe a run on stops for NFP risk sellers? Anyhow, I managed to catch a GU long 3pips from the swing low, glad to be back in the green.
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  • #874,491
  • May 8, 2026 8:37am May 8, 2026 8:37am
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  • #874,492
  • May 8, 2026 8:43am May 8, 2026 8:43am
All out now for 170pips.
  • #874,493
  • May 8, 2026 8:48am May 8, 2026 8:48am
There's still an unclosed gap on the DXY m30.
  • #874,494
  • May 8, 2026 9:07am May 8, 2026 9:07am
Looking at the 4hr chart. Higher lows and price hugging resistance area at 3625 area. When it breaks free it will be rapid fire to above 3700. Hopefully the residtance at 3670 does not hold it back.
  • #874,495
  • May 8, 2026 9:25am May 8, 2026 9:25am
Quoting Mitiblotch
Looking at the 4hr chart. Higher lows and price hugging resistance area at 3625 area. When it breaks free it will be rapid fire to above 3700. Hopefully the residtance at 3670 does not hold it back.
My H4 range high projection is 3710, maybe not today, let's see.
  • #874,496
  • May 8, 2026 11:40am May 8, 2026 11:40am
Quoting Wavegarrick
{quote} Entered a short scalp trade at 1.36092 stops above daily high. Cheers {image}
This trade played out past my bedtime and trail stop was hit at 23 pips profit. I take the win, nevertheless. Possible short scalp trade in the making with 1hr candles hovering at this level for 4hrs. I'll wait.
Cheers.
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Trade to trade another day
  • #874,497
  • May 8, 2026 8:56pm May 8, 2026 8:56pm
Kindly share the template if its not private what is that indicator in bottom window.
  • #874,498
  • May 9, 2026 3:43am May 9, 2026 3:43am
Quoting QuantTrade
Kindly share the template if its not private what is that indicator in bottom window.
Sure. as long as you share the EA with us if and when you create it
Attached File(s)
File Type: mq4 Stochastic color mtf med.mq4   14 KB | 60 downloads
File Type: mq4 xSuperTrend histogram.mq4   3 KB | 74 downloads
File Type: mq4 #MTF_RSI.mq4   4 KB | 79 downloads
File Type: tpl GU LATEST.tpl   86 KB | 59 downloads
Trade to trade another day
  • #874,499
  • May 9, 2026 6:17am May 9, 2026 6:17am
W/e summary.

* Price had closed the week circa 3470, and then this U.s-Israel/Iran thing broke out. After 3 weeks of only getting a max of 10-15pips higher than that, price dropped to the 3159 CYL / 'current war lo,' and since then has bounced up to achieve a 'current war-hi' of 3658. It closes this week just 26pips short of that hi.
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* Price opened the new month above it's Mthly Pivot, and has stayed there so far. It closed the week @/around the Midpoint (3630,) of the Yrly Pivot and Yrly R1.
* The < 13wk awr Wkly candle closes bullish-bodied, the 5th consecutively to do so. It is an 'inside candle' The t/f closes the week out still rangy but most recently bullish within that range.
* Fri's Dly candle closes as a bullish (engulf?) thrust candle, and like the Wkly, as an 'inside candle' The t/f closes the week out probably in a consolidation phase of a general uptrend? It's last few fractal prints have been a HL (34554,) a H (3658 CMH,) a HL (3512 CML,) and a LH (3644 now LWH.)
* The last 4Hr candle close was bullish, meeting supply in the dly and 4hr parts of the prev 1hr/4hr/minor dly sw hi zone = prev res x 2 = pot res that extends up to the 3643/44 week's hi. This is co-existent/overlapping with the same to 3658, the CMH. The t/f closes the week out bullishly, if not in a discernible up-trend?

Wkly, then Dly, then 4Hr, below.
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Trader with an Edge.
  • #874,500
  • May 10, 2026 5:06am May 10, 2026 5:06am
Quoting Wavegarrick
{quote} Sure. as long as you share the EA with us if and when you create it {file} {file} {file} {file}
Hi Wavegarrick, I noticed few attachements,... if one would properly install those, would be like having the same screen as you?
Always had some curriosity to check your Screen live
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