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.

Cable Update (GBPUSD)

Bulls have reached 1.3530 and have even breached the level so the scenario for Bears to push price down to 1.3260 has been invalidated. However I think Bears may want to revisit 1,3400 before Bulls rally to 1.3600 area.

Cable Update (GBPUSD)

The Bear's play on Friday was not convincing that the drop has begun. My anticipation was for Bears to close below 1.3425 and that did not happen. It is still possible that the drop may playout but I do have an alternative scenario in mind. The ...

Cable Update (GBPUSD)

Happy New Year everyone, would like to wish everyone success in their trading. Seems like Bears are still en route 1.3260 zone, anticipating price to dip further to 1.3300 area before heading to the final target. Likelihood is that 1.3500 zone may ...

Cable Update (GBPUSD)

Still sticking to the plan from last week, The Bulls pushed price higher than my target mentioned last week of 1.3470-ish to 1.3530. There is a likelihood that the Bears may cause price to decline to take out the lows of 1,3300 area and target ...

Cable Update (GBPUSD)

Seems like Cable is in a sideways market. Looks like it may be in an expanding range also known as an expanding flat correction in Elliott Wave terminology. Probability is that Bulls may try to take out the highs of 1.3450 area to target 1.3470-ish. ...

Cable Update (GBPUSD)

It's my pleasure Pat Chiko, just sharing my view as a newbie (lol). You also post amazing setups. Keep sharing valuable information on the thread, I really enjoy reading your post.

Cable Update (GBPUSD)

The GU Bulls have almost reached the target mentioned of 1.3475 and from around this area 1.3475/3490 I think the Bears may step in and take control. If the Bears do take control from 1.3475/3490 zone, I think their 1st target will be 1,3350/3340 ...

Cable Update (GBPUSD)

My view is that GBPUSD Bulls are not yet done and I think that another rally may occur after the retracement which is in play at the moment. The 1.3275 area seems like nice area where the retracement may end. If the rally does playout then I think ...

Cable Update (GBPUSD)

There is a probability that GBPUSD Bulls are in control and the scenario that I am forcasting is for GBPUSD to rally higher. If price declines below 1.3010 consider the pattern invalid. Safe Trading Everyone

New Cable Thread & Other Pairs

Last week's Scenario we were looking for Cable Bears to push price down to 1.3380 and unfortunately they were unable to reach that zone but managed to reach 1.3420 area. From there Cable bounced from the 1.3420 zone and is now rallying. It seems ...

New Cable Thread & Other Pairs

Last week we saw the Cable Bears defend the 1.3565 area and try to take control as anticipated but on Friday a strong rally played out and went higher than anticipated. Even though the rally was powerful and reached closer to 1.3565, there is a ...

New Cable Thread & Other Pairs

Cable Bulls were really strong last week, They managed to rally price higher than I anticipated to 1.3585 area. I was anticipating bears to take control last week but that was not the case. I think this week bears may try to take control if 1.3585 ...

New Cable Thread & Other Pairs

I think Cable Bulls are targeting the 1.3500 area so it seems like Cable may continue to rise in the beginning of the week. If the 1.3500 handle can act as resistance I think the Bears may take control and force price to decline from around that ...

New Cable Thread & Other Pairs

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New Cable Thread & Other Pairs

The plan to see one more rally didn't pan out, that is wave 5 (Olive) didn't move beyond the end of wave 3 (Olive) which is also known as a truncated 5th wave. The ending diagonal pattern (Megaphone Pattern) was a big clue that the uptrend was ...

New Cable Thread & Other Pairs

Still anticipating Cable to rally to 1.3500. Seems like the week may begin with some range bound price action between 1.3365 and 1.3450 before rallying higher.

New Cable Thread & Other Pairs

Cable Bulls are not yet done with their rally. 1.3500 seems to be their target. 1.3300/3280 may be support.

New Cable Thread & Other Pairs

So the plan to see Cable decline last week didn't play out as anticipated, After price broke above the resistance zone of 1.3265, I knew something was wrong and that my zig zag correction count was invalid. So I am using my alternate count and ...

New Cable Thread & Other Pairs

Cable seems to be in the last leg of the expanding range/ expanding flat correction and I anticipate Cable to rally higher to 1.3225 area first before beginning to decline to 1.2950/2900. Let's see how the market plays out. Good luck everyone

New Cable Thread & Other Pairs