Trading Edges That Last
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Lawrence's Comment Recap Strongest among the major indices but bear flag / up channel rally does not last. Breaking down from the channel sent NQ back down to Y-0 quickly. Closed 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 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 MOREPrecog Vision – Forex 2020-3-27Nasdaq 100 Mar 28 to Apr 01 OutlookUSDJPY May 18 to May 22 Outlook3DP Odds Table (GBPUSD) 2011-04-193DP Odds Table (GBPUSD) 2022-08-25Precog Vision – Forex 2022-12-1Precog Vision – Forex 2012-4-19Precog Vision – Forex 2019-9-6USDJPY Jul 11 to Jul 15 OutlookEURUSD Aug 20 to Aug 24 Outlook
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GBPUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Y-0 acted as resistance as expected and sent the pair to retest Y-1. Y-1 did not offer much support at all until 100% absolute range expansion is reached.
Outlook
1.6 is an important support zone in longer timeframe. If cable can rally from B-1 to break above B-0, B+1 will be tagged quickly.
Breaking below Y-2 can be extremely bearish as the selloff we have witnessed can accelerate to the downside.
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