Trading Edges That Last
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Lawrence's Comment Recap Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint. Outlook Consolidation ...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 Pullback as expected. Down to Y-0 zone as expected. And took off to retest Y+1, then breakout to almost Y+2. Closed the week near high of week. Outlook The ...READ MORELawrence's Comment Recap Tight range 2-way swings as expected. 50% week range. Closed the week near Y-0 and midpoint. Outlook Compression points to breakout mode. The struggle to hold Y-0 points to ...READ MOREUSDCAD Sep 08 to Sep 12 OutlookS&P 500 Nov 30 to Dec 04 OutlookIntraday Cycle Projection (GBPUSD) 2014-06-033DP Odds Table (GBPUSD) 2013-02-143DP Odds Table (GBPUSD) 2016-01-27Intraday Cycle Projection (GBPUSD) 2015-04-13EURUSD Nov 09 to Nov 13 OutlookPrecog Vision – Forex 2018-2-21USDJPY Mar 12 to Mar 16 OutlookGBPUSD Feb 15 to Feb 19 Outlook
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GBPUSD Mar 17 to Mar 21 Outlook
Lawrence’s Comment
Rejected upper end of the 3 week range gave us a run back down to the bottom of the range. Not a difficult play at all. Y-2 was tagged and led to a strong bounce. However, Y-0 stopped the run and forced a drop back down to below Y-1. Closed the week near Y-1 and below midpoint.
Outlook
Still trapped inside the same range. Compression on daily has reached critical level. A breakout of this range should give us the normal breakout target.
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