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    • Black-Star replied Sep 8, 2024

      Last week I mentioned that Cable may be in a range/ regular flat correction but it seems like Cable may be in an expanding range/ expanding flat correction. So i think Cable may decline to target 1.3050. 1.2950 is still in the works but I don't ...

      New Cable Thread & Other Pairs
    • Black-Star replied Jul 23, 2023

      Seems like Bulls are not yet done with the uptrend and this down move may be a retracement for the next rally. My anticipation is for the retracement to complete around 1,2800 area, then for bulls to rally price to 1,3200/3240 zone. If price closes ...

      Cable Update (GBPUSD)
    • Black-Star replied Jun 18, 2023

      So last week my idea didn't work out as planned and the pattern was ruined when price penetrated 1,2680 level. For me that was the sign that I was wrong and that Bulls were still in control. I have now gone to plan B or in EW terminology an ...

      Cable Update (GBPUSD)
    • Black-Star replied Jun 11, 2023

      The minor rally which began 2 weeks ago by the bulls seems to be near completion and I think this coming week the Bears may take control of the market. My view is that the bulls may push price slightly to the upside one more time to around ...

      Cable Update (GBPUSD)
    • Black-Star replied Jun 4, 2023

      So the rally by the Bulls to 1,2500 played out well last week but looking at Price Action it seems likes bulls are not yet done with the minor uptrend. Seems like bulls want to push price higher. My view is that Cable may decline slightly to 1,2410 ...

      Cable Update (GBPUSD)
    • Black-Star replied May 28, 2023

      Long term, it seems like Cable may be bearish but short term probably a minor rally by the bulls to 1,2500 area. So I think price may first trade back into the range before the next significant move by the bears. Let's see how the market behaves ...

      Cable Update (GBPUSD)
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