Trading Edges That Last
- You May Also Like
Recap of last week Tested resistance level (yellow zone) and then slide down to 50% of the week before. Congestion was expected due to huge directional swings over the ...READ MORELawrence's Comment Recap Gapped down to Y-2 to start the week provided the necessary fuel for Euro to run back up to Y-0. Since then all week in congestion due to the ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap Quick drop to Y-2 and found support. Bounced back to Y-0 and found resistance. Closed the week below Y-0 and above midpoint. Outlook Consolidation likely to absorb the wild swings in ...READ MOREEURUSD Week of Dec 13th to Dec 17th3DP Odds Table (GBPUSD) 2021-12-07USDJPY Jun 03 to Jun 07 OutlookEURUSD Jul 06 to Jul 10 OutlookPrecog Vision – Forex 2019-10-7Intraday Cycle Projection (GBPUSD) 2016-11-283DP Odds Table (GBPUSD) 2013-05-29Dow 30 Jan 20 to Jan 24 OutlookUSDJPY Jan 20 to Jan 24 OutlookS&P 500 Dec 07 to Dec 11 Outlook
As Featured In
GBPUSD Jan 13 to Jan 17 Outlook
Lawrence’s Comment
All week bear flag drift up. Tagged resistance at Y-0 before NFP and sold off right after. Wild reaction at Y-1 and erased the drop. Closed the week below Y-0 and above mipoint.
Outlook
Original downside target not reached yet. Bear flag is supposed to be bearish yet cable managed to invalidate the bear flag from the news shock. We need 2nd confirmation from B-0 / B+1 acting as resistance to be sure that the pullback can resume.
Downside target expanded to B-2.
Share