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Cable Update (GBPUSD)

  • #874,501
  • May 10, 2026 10:12am May 10, 2026 10:12am
Inserted Video
  • #874,502
  • Edited 10:34am May 10, 2026 10:18am | Edited 10:34am
Quoting Fishbones
{quote} 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
Yes Sir.
If you install the indicators {older ones in my prior attachments} to your indicators folder your template which you have downloaded from me will pick up all modified indicator settings which will be exactly as my posted chart template.
Cheers.
Trade to trade another day
  • #874,503
  • May 10, 2026 1:21pm May 10, 2026 1:21pm
Trump accuses Iran of ‘playing games’ and warns it will be ‘laughing no longer’
US President Donald Trump has accused Iran of “playing games” in his first public comment since Iran responded to the US ceasefire proposal.
Iran “has been playing games with the United States, and the rest of the World, for 47 years”, the president wrote on Truth Social.
“They will be laughing no longer!” the president said.

What exactly this means is anyone's guess, I'm on the sidelines going into the new trading week.
  • #874,504
  • May 10, 2026 2:25pm May 10, 2026 2:25pm
Seems like Cable is in a sideways market and I think Cable may continue to rally to 1.3680 area and from there, probably begin to drop to 1.3500 first then to 1.3400 area.
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  • #874,505
  • May 10, 2026 2:45pm May 10, 2026 2:45pm
The GBPUSD price action on the daily time frame made a bullish retest of the 1.36260 horizontal resistance on Friday. The price action broke out from the 1.35870 longer-term horizontal resistance. Although we may still see further northward price engineering in the early part of this week, the dominant technical structure is bearish.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #874,506
  • May 10, 2026 4:04pm May 10, 2026 4:04pm
a sideways range since april 15th...thats why i quit trading GU

but looks like price will fall back down to 1.32ish sometime in next month or two
short trump and go long the deepstate
  • #874,507
  • May 10, 2026 4:27pm May 10, 2026 4:27pm
Quoting W0lfram
May seasonality median oh - 107 pips median ol - -290 pips upper quartile for the same metrics 33 -178 {image} Disproportional and shifted compared to base or April (for example)
After Friday's close the probability of a new monthly low was ~70%, but each Daily close brings new information to the system
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Quoting W0lfram
{quote} First short in a new cycle, 1.3555 Short EU 1.1795. Pending @ 1.1865{image} (*last chart isn't mine*)
Closed this at BE, re-enter at better price after gap fill
Air force
  • #874,508
  • Edited May 11, 2026 3:57am May 10, 2026 9:09pm | Edited May 11, 2026 3:57am
Watching , so far playing in a very strong bull set ups , better retest 3512 though before test 3700!! Care
Watching if test breaks 3633!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #874,509
  • May 11, 2026 3:10am May 11, 2026 3:10am
Inserted Video
  • #874,510
  • May 11, 2026 4:22am May 11, 2026 4:22am
A triangle has formed on the GBPUSD pair. After a rebound from its lower boundary, the upper boundary could be the buying target. If the price breaks above it, the resistance level at 1.3685 could be the target for further upward movement.

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  • #874,511
  • May 11, 2026 8:51am May 11, 2026 8:51am
Quoting Bflyfx
Eu resistance 1.1780
That has not changed
I only follow traders with IQ above 160
Challenge Tour All Time Return: -79.9%
  • #874,512
  • May 11, 2026 12:55pm May 11, 2026 12:55pm
Quoting Wavegarrick
{quote} 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. {image}
No trade yet for me with the weekend gap and playing in my favor. I await my next sell trade.
Cheers
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Trade to trade another day
  • #874,513
  • May 11, 2026 2:49pm May 11, 2026 2:49pm
Nice drop on GU from Daily R1. Also on GBPHKD. Hopefully drop continues tomorrow.
  • #874,514
  • May 11, 2026 4:16pm May 11, 2026 4:16pm
Long GU, target 1.3680, long EU, target 1.1840
  • #874,515
  • May 11, 2026 4:21pm May 11, 2026 4:21pm
Long AUD target 0.7350 and NZD, target 0.6010
  • #874,516
  • May 11, 2026 4:48pm May 11, 2026 4:48pm
Japan used about 18 milllion lots to decrease USDJPY with about ~300 pips

so that is what we need to move the market seriously
  • #874,517
  • May 11, 2026 5:35pm May 11, 2026 5:35pm
Quoting Guy1969
Long GU, target 1.3680, long EU, target 1.1840
why long on GU? what are your confluences?
  • #874,518
  • May 11, 2026 6:44pm May 11, 2026 6:44pm
Quoting AK.47
{quote} why long on GU? what are your confluences?
0.618 pullback, I'm trading into 1.272.
  • #874,519
  • May 11, 2026 6:50pm May 11, 2026 6:50pm
Quoting Guy1969
{quote} 0.618 pullback, I'm trading into 1.272.
I appreciate the response. But I don't see it. Need to learn more.
  • #874,520
  • May 11, 2026 8:56pm May 11, 2026 8:56pm
Done short. Long 1.3582
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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