Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap 17000 round number support sparked a strong rally back up to 17700. Reactions to FOMC decision the day after were opposite to what most people expected. Beautiful drop back ...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 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 ES pushed into Y+1 and Y+2 zone as expected. So far no sign of reversal though. Closed the week near Y+2 and above midpoint. Outlook Test of B+1 will ...READ MORE3DP Odds Table (GBPUSD) 2016-02-11Dow 30 Dec 21 to Dec 25 OutlookDow 30 Aug 21 to Aug 25 OutlookPrecog Vision – Forex 2019-6-10Precog Vision – Forex 2015-5-22Intraday Cycle Projection (GBPUSD) 2019-08-13S&P 500 Jul 25 to Jul 29 OutlookIntraday Cycle Projection (GBPUSD) 2018-11-07Intraday Cycle Projection (GBPUSD) 2017-11-283DP Odds Table (GBPUSD) 2015-09-30
As Featured In
GBPUSD Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Breakout to the downside happened right off the start. Easy play for a slide to below Y-2. Cable never quite tagged Y-3 as it bottomed out above it. Closed the week below Y-1 and above midpoint.
Outlook
Rising wedge back up to test the resistance at Y-1 / B+1. Can be tricky here as the breakdown started quite a bit lower than the initiate 1-2-3 sell neckline.
Looking for FBO against B+1 for a retest of B-1.
All majors have volatility compression indicating potential wild moves that can easily breach the normal boundaries.
Share