Trading Edges That Last
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Lawrence's Comment Recap Consolidation play worked out on first 4 days of last week. NFP Friday killed the pullback party and the aggressive swing long players are toasted. Tagged 2X ...READ MORELawrence's Comment Recap Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. ...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 Y-0 did not hold this down so Y+1 became the target and tagged quickly. Breakout above Y+1 gave us Y+2 target and that was tagged quickly too. 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 MOREHot n Cold (GBPUSD) 2022-4-15S&P 500 May 07 to May 11 OutlookAUDUSD Jul 16 to Jul 20 OutlookUSDJPY Feb 10 to Feb 14 OutlookPrecog Vision – Forex 2012-3-13DP Odds Table (GBPUSD) 2019-07-04AUDUSD Apr 15 to Apr 19 OutlookWeekly Cycle Projection (GBPUSD) 2016-12-05Precog Vision – Forex 2015-8-243DP Odds Table (GBPUSD) 2018-02-13
As Featured In
GBPUSD Feb 23 to Feb 27 Outlook
Lawrence’s Comment
Nothing happened to Euro, so cable stayed there in consolidation. Y+1 resistance sent cable back down to Y-0 and then it took off to new high. Equal distance from previous week close capped the upside move. Closed the week above Y-0 and near midpoint.
Outlook
Consolidation with Y-0 defended implies strength. Another push to retest B+1 is likely. B-1 support if breached will send cable back down to B-2.
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