Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Normal scenario unfolder. Y-0 acted as support with Y+1 not acting as resistance. Paved way to Y+2 and materialized later in the week. Closed the week above Y+2 and ...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 Open below Y-1 and flushed down to Y-2 target. Bounced off at once. Measured move back to Y-0 and failed to go higher. That staged the week low as ...READ MORELawrence's Comment Recap No real direction after a week of extreme trend buy days countering the overnight weaknesses. Consolidation / backfill actions waiting for the next news shock. Closed the week below ...READ MORELawrence's Comment Recap Breakout play worked out nicely with 100% absolute range expansion target tagged. Drifted sideway since. Closed the week near Y-2 and below midpoint. Outlook Bear flag on 4 hours ...READ MOREPrecog Vision – Forex 2020-10-14Weekly Cycle Projection (GBPUSD) 2016-03-14Hot n Cold (GBPUSD) 2014-3-14USDCAD Dec 15 to Dec 19 OutlookPrecog Vision – Forex 2014-10-17USDJPY Mar 25 to Mar 29 OutlookIntraday Cycle Projection (GBPUSD) 2013-10-15S&P 500 Apr 11 to Apr 15 OutlookUSDCAD Apr 18 to Apr 22 OutlookIntraday Cycle Projection (GBPUSD) 2017-07-14
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GBPUSD Sep 22 to Sep 26 Outlook
Lawrence’s Comment
A short squeeze from the bear flag as expected. Cable rushed to Y+3 before it stopped. Such move has no staying power and led to quick drop back down to Y+1. Closed the week near Y+1 and below midpoint.
Outlook
Short squeeze done. Weak shorts transferred their positions to the strong ones. Y+2 / B-0 resistance for a drop back down to Y-1 and below.
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