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Cable Update (GBPUSD)

  • #874,861
  • May 27, 2026 10:26am May 27, 2026 10:26am
GBPUSD buy at the current price (1.3426)

Stop loss 1.3411
  • #874,862
  • May 27, 2026 10:36am May 27, 2026 10:36am
I'm now all out here, closed my last set of risk shorts for 165p, one loser from 15 trades, NZD, after red news overnight pushed the pair in the opposite direction, causing a rare skew between AUD and NZD. The ECB continued manipulating the euro today, that's something to watch. It's US PCE tomorrow, so I won't be trading Asia and European sessions.

Cheers.
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  • #874,863
  • May 27, 2026 10:56am May 27, 2026 10:56am
Quoting pipcenturion
GBPUSD buy at the current price (1.3426) Stop loss 1.3411
most likely for now we might have a pull back to 1.3439 to retest that level and if it gets rejected it will continue down to 1.3410 and if bulls fail to hold that level the price will most likely continue in a downtrend. Let's wait and see what the market does! Good Luck to everyone !
  • #874,864
  • May 27, 2026 11:30am May 27, 2026 11:30am
GBP/USD, Continued down-move Short Setup.

Price is moving in a descending channel taking resistance from the upper band, a down-move till the lower band is expected.
channel is heading towards the major support zone of the broad range (1.3657 - 1.3172).

After getting rejected form major resistance zone, price has shown a nice down-move after, which was followed by a pullback, that was halted at 0.618 level of retracement as market on the chart.

To capture the continued down-move after a pullback.
This is a short trade setup

Sell: 1.3409
SL : 1.3461
TP1: 1.3349
TP2: 1.3304

Strict Risk management should be applied and Position should be sized according to individuals risk appetite.


For Educational Purposes only, Not an Investment Advice
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  • #874,865
  • May 27, 2026 12:38pm May 27, 2026 12:38pm
Quoting CrazyTrades
GBP/USD, Continued down-move Short Setup. Price is moving in a descending channel taking resistance from the upper band, a down-move till the lower band is expected. channel is heading towards the major support zone of the broad range (1.3657 - 1.3172). After getting rejected form major resistance zone, price has shown a nice down-move after, which was followed by a pullback, that was halted at 0.618 level of retracement as market on the chart. To capture the continued down-move after a pullback. This is a short trade setup Sell: 1.3409 SL : 1.3461...

I like the way how you broke everything down here, and I totally agree with this, we should first wait to see if the 1.3409 level is broken and if bulls fail to protect that level , shorts should be placed with first TP1 at : 1.3349 and then TP2 : 1.3304. Great analysis !
  • #874,866
  • May 27, 2026 5:04pm May 27, 2026 5:04pm
Price Rejected off 1.3410 we can enter long and target the liquidity at TP : 1.3461 AND SL : 1.3398 // I have actually taken this trade myself on mt5. Good Luck traders keep smashing those TP'S !!!
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  • #874,867
  • May 27, 2026 5:23pm May 27, 2026 5:23pm
Quoting Gbpusdfreakk
Price Rejected off 1.3410 we can enter long and target the liquidity at TP : 1.3461 AND SL : 1.3398 // I have actually taken this trade myself on mt5. Good Luck traders keep smashing those TP'S !!! {image}
thats only a wick from spreads on market closure ,other brokers didnt even retest that level , if we go up there means bears left , but i think bears got it ,waiting for a 30 min closed candle under 180 and full port sells
  • #874,868
  • May 27, 2026 10:45pm May 27, 2026 10:45pm
Quoting Meer-Shayhak
Opened a short on GU {image}
closed with almost +70 pips ... got my Eidhi from the market ..
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  • #874,869
  • May 28, 2026 1:04am May 28, 2026 1:04am
Quoting Juriforex
{quote} thats only a wick from spreads on market closure ,other brokers didnt even retest that level , if we go up there means bears left , but i think bears got it ,waiting for a 30 min closed candle under 180 and full port sells
Definitely true , I rushed that trade and got stopped out. Price will most likely continue down to 1.3346
  • #874,870
  • May 28, 2026 1:33am May 28, 2026 1:33am
Quoting Meer-Shayhak
{quote} closed with almost +70 pips ... got my Eidhi from the market .. {image}
nice, I have same entry, but TP was abit lower and wasnt hit. Now this shit is correcting hardly without reason
  • #874,871
  • May 28, 2026 2:00am May 28, 2026 2:00am
The price will most likely will go down to 1.3350 levels I'm looking for a short opportunity at the moment myself, this hard correction really was something hahahahah
  • #874,872
  • May 28, 2026 3:12am May 28, 2026 3:12am
Ignore the Intraday noice and continue Selling GU.

Good luck.
Market Structure is the King.....
  • #874,873
  • May 28, 2026 3:16am May 28, 2026 3:16am
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  • #874,874
  • May 28, 2026 3:46am May 28, 2026 3:46am
where did the bears go lol, did they get scared of trumps tweets now in ny session ,im still bearish , looks like london had a strong correction and didnt give us a clean strong bear rejection how i wanted but its still showing some signs , ill be back after ny open for sells,id like to see the price bounce after it retested 1.33000, lets wish some good volume for all us, i wont dare for longs in this kind of structure
  • #874,875
  • May 28, 2026 4:10am May 28, 2026 4:10am
cable and euro should take out the lows
I only follow traders with IQ above 160
Full leverage Bot All Time Return: 8,134.3%
  • #874,876
  • May 28, 2026 4:12am May 28, 2026 4:12am
Quoting Juriforex
where did the bears go lol, did they get scared of trumps tweets now in ny session ,im still bearish , looks like london had a strong correction and didnt give us a clean strong bear rejection how i wanted but its still showing some signs , ill be back after ny open for sells,id like to see the price bounce after it retested 1.33000, lets wish some good volume for all us, i wont dare for longs in this kind of structure
I entered a sell at 1.3409 with a RR 1:1 , with my TP being at 1.3351 and SL at 1.3461 if we manage to hit TP at 1.3351 I have TP2 at 1.33000. Good Luck to us ALL !!!!!
  • #874,877
  • May 28, 2026 4:27am May 28, 2026 4:27am
"Long up to 1.3600 for the unfilled FVG."
  • #874,878
  • May 28, 2026 6:28am May 28, 2026 6:28am
Quoting Lamania
"Long up to 1.3600 for the unfilled FVG."
Do not rush to enter that long just because there is an unfilled FVG at 1.3600 / the trade should have more indication than just a FVG to reach the level that you are looking for. The market now doesn't favor a long entry so my suggestion is to be patient, however, this is not a financial advice just my opinion on the market and you can choose as you please ! Im still short and my 1TP is at 1.3351 and 2nd TP at 1.3300 which is more likely to be hit the way the market is moving. Best of Luck to everyone !
  • #874,879
  • May 28, 2026 6:55am May 28, 2026 6:55am
GOLDH4. Anything lower than this is out of range.
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  • #874,880
  • May 28, 2026 6:59am May 28, 2026 6:59am
The way I see the price action on the major FX pairs, the market stopped giving a fuck about the war and Iran a long time ago. Otherwise all this shit would’ve been dumping like a rock already.
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