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 Bearish expectation worked out nicely. Extreme volatility driving traders to the edge. Closed the week near Y-4 and below midpoint. Outlook Potential daily down channel in the making if ...READ MORELawrence's Comment Recap Rallied above Y+1 right after the holiday weekend. Gapped to Y+2 and force another pop higher to Y+3 before Dow stalled. That 2nd pop is in the backdrop of ...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 MORE3DP Odds Table (GBPUSD) 2012-03-14Intraday Cycle Projection (GBPUSD) 2016-03-30Precog Vision – Forex 2014-3-18Dow 30 Jun 01 to Jun 05 OutlookHot n Cold (GBPUSD) 2017-4-14Dow 30 Jan 28 to Feb 01 OutlookIntraday Cycle Projection (GBPUSD) 2013-12-023DP Odds Table (GBPUSD) 2011-07-13Precog Vision – Forex 2019-4-25EURUSD Dec 03 to Dec 07 Outlook
As Featured In
GBPUSD Oct 20 to Oct 24 Outlook
Lawrence’s Comment
As expected, 2-way big swings ended up going nowhere. Started the week pushing against Y-0 and failed. cable dropped until 100% absolute range expansion was reached. Bounced back to the pre-flush price and immediately swinged back down to the the low. Yet, cable held the low and took off. Closed the week near Y-0 and above midpoint.
Outlook
The 2-way swing has produced a bottom-like formation but not strong enough to produce a bullish close. This implies cable has to defend Y-1 / B-0 this week or B-1 and below will be in play.
Share