Trading Edges That Last
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Lawrence's Comment Recap Bottom of the boundary on weekly tested and rejected. Door opened to challenge Y+1 since and was tested near end of the week. Closed the week above Y-0 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 Once Y-0 was breached, we get our target Y-2. Pretty easy, isn't it? Outlook B-1 is potentially a strong support level as many shorts are trapped underneath. If B-1 acts as ...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 Strongest among the big 3 indices. FBO Monday, this time NQ can no longer gap up to force a breakout to the upside. Hence normal selloff back down to ...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 MOREHot n Cold (GBPUSD) 2013-11-29USDJPY Sep 28 to Oct 02 OutlookPrecog Vision – Forex 2023-5-2USDJPY Apr 18 to Apr 22 OutlookHot n Cold (GBPUSD) 2020-8-14Precog Vision – Forex 2014-5-2Nasdaq 100 Aug 12 to Aug 16 OutlookPrecog Vision – Forex 2013-1-24Precog Vision – Forex 2014-6-10AUDUSD Oct 07 to Oct 11 Outlook
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GBPUSD Dec 08 to Dec 12 Outlook
Lawrence’s Comment
Cable found support at 1.56 and bounced back above Y-0 yet failed to hold above. 2nd try to go higher from Y-1 was stopped at Y-0. By end of the week the buying stopped with cable dropping to new low. Closed the week below Y-1 and near week low.
Outlook
Cable did not tag the expected down side target as it tried to force a bottom last week. That usually leads to stronger selling if the original support zone turns into resistance. B-2 likely.
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