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    • Black-Star replied Sep 11, 2022

      To be honest, I thought Cable would've finished its downtrend around the 1.1500 zone but it seems like bears have an Ace up their sleeve but I doubt the bears will use it just yet. Before the downtrend resumes I think a relief rally to 1.1850 by the ...

      Cable Update (GBPUSD)
    • Black-Star replied Jul 24, 2022

      In my previous post I mentioned a scenario of how Cable may rally after finding support around 1.1800 and so far it's playing out accordingly. This may be the final leg (Wave C, Lime Green) of the correction phase (Wave 4, Orange). I am anticipating ...

      Cable Update (GBPUSD)
    • Black-Star replied Jul 10, 2022

      Cable seems to be still in correction phase and is almost about to complete the second leg of the correction. The estimated level for the completion of Wave B leg (lime green) is 1.1800 and that is the level I am aiming for. From there, maybe Cable ...

      Cable Update (GBPUSD)
    • Black-Star replied Jun 12, 2022

      My view is that bears seem to have taken back control and may want to push price lower. I will be on the lookout for price to retrace to around 1,2400/2415 and then maybe push one more time to the downside to 1,2200/2172 (Chart: H4). Let's see how ...

      Cable Update (GBPUSD)
    • Black-Star replied Jul 27, 2021

      Price has reached 1,3900 zone quicker then I expected, missed today's move but it happens, can't get them all. Just updating my charts. I think 1,3900 will act as resistance and we may get a retracement to 1,37400/3700 area before the next move to ...

      Cable Update (GBPUSD)
    • Black-Star replied Jul 25, 2021

      Daily Chart: It seems like Cable is still in a sideways market and it looks like the Wave 2(Yellow) is still incomplete. If that is the case probabilities may lean to a bullish scenario but only time will tell. image H4 Chart: For next week, the ...

      Cable Update (GBPUSD)
    • Black-Star replied Jul 11, 2021

      Daily Chart: Nothing much has changed and price has remained above 1.3730 level which is a good sign that the level maybe a strong support. Also price has not passed 1,3700 handle which means the ending diagonal pattern is still intact. The lower ...

      Cable Update (GBPUSD)
    • Black-Star replied Jul 6, 2021

      The 5 wave move up to 1.3900 has played out nicely. Now i think a correction is due. if price remains remains above 1.38200, probabilities may lean to the bull side for another run up. for now I am on the sideline waiting for price to reach the ...

      Cable Update (GBPUSD)
    • Black-Star replied Jul 4, 2021

      From a Daily chart perspective it seems like Cable is in a Wave 2 (Yellow) sideways correction and internal structure of Wave 2 is an ABC (Red). It seems like the C wave is an ending diagonal and an ending diagonal is a special kind of 5 wave ...

      Cable Update (GBPUSD)
    • Black-Star replied Jun 13, 2021

      I think price will revisit 1,4240 before drop to around 1,4000. If price breaks below 1,4075 then pattern is invalid. Please don't follow blindly. Safe trading everyone. By the way thanks to all the members for sending charts and valuable content on ...

      Cable Update (GBPUSD)
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