Trading Edges That Last
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Lawrence's Comment Recap Y-0 support started a squeeze as expected. Y+1 and Y+2 targets tagged easily. Closed the week above Y+2 and near week high. Outlook Consolidation play until NFP Friday. Shorten ...READ MORELawrence's Comment Recap No breakout so consolidation it is. Going nowhere whole week. Outlook Breakout mode. Waiting for a breakout (preferred to the upside) above B+1 or B-1.READ MOREAUDUSD Jul 03 to Jul 07 OutlookPrecog Vision – Forex 2018-12-25Intraday Cycle Projection (GBPUSD) 2018-10-09Intraday Cycle Projection (GBPUSD) 2016-04-14Precog Vision – Forex 2011-8-31S&P 500 May 30 to Jun 03 OutlookAUDUSD Aug 14 to Aug 18 OutlookUSDJPY Jun 04 to Jun 08 OutlookUSDCAD Nov 14 to Nov 18 OutlookIntraday Cycle Projection (GBPUSD) 2023-02-15
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GBPUSD May 02 to May 06 Outlook
Lawrence’s Comment
Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint.
Outlook
Rising wedge potential means a break of the support line will easily send cable back down to B-1. Cable is entering the highest risk time window now as Brexit vote is too close to ignore. Beware of news shock everyday.
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