Trading Edges That Last
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GBPUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
Spike and ledge setup trigger by FBO against Y+1 first, giving way to Y-1. Closed the week near Y-1 and week low.
Outlook
If last week is the 2nd leg of a measured move, Y-2 target below is still in play. If it is a complex spike and ledge breakdown, we get Y-4.
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