Trading Edges That Last
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Lawrence's Comment Recap Rising wedge broken yet no selloff. Consolidated above Y-0 and drifted higher. Breakout upside instead and tagged Y+2 in 1 go. Stalled from there and week midpoint acted 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 Consolidation at 50% previous week range. Pullback to support mentioned last week. Y-0 acting as support sent ninja up for a retest of Y+1. Closed the week above Y-0 ...READ MORE3DP Odds Table (GBPUSD) 2023-03-24Precog Vision – Forex 2014-2-13S&P 500 Jan 21 to Jan 25 Outlook3DP Odds Table (GBPUSD) 2014-07-30Precog Vision – Forex 2017-9-183DP Odds Table (GBPUSD) 2020-04-10Intraday Cycle Projection (GBPUSD) 2023-03-30USDJPY Nov 02 to Nov 06 OutlookS&P 500 May 31 to Jun 04 OutlookIntraday Cycle Projection (GBPUSD) 2020-11-19
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GBPUSD Feb 08 to Feb 12 Outlook
Lawrence’s Comment
Surprise rally tagging Y+1 negated the bear flag break on 4 hours and in turn giving us STOPD shcok breakout target of Y+3. Y+3 almost tagged and cable stalled from there. Closed the week above Y+1 and near midpoint.
Outlook
Shock driven rally in a daily down trend does not change the trend on higher timeframe. This means cable has to fight the week and monthly resistance above now making it more difficult to engage this coming 2 weeks. 2 way swings expected with tight range around B-0.
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