Trading Edges That Last
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Lawrence's Comments Recap After 3 weeks of consolidation, finally a breakout from tight range. 200% expansion target (Y+3) reached and stalled from there. Closed the week above week midpoint. Outlook The upmove ...READ MORE3DP Odds Table (GBPUSD) 2015-10-12USDCAD Feb 19 to Feb 23 Outlook3DP Odds Table (GBPUSD) 2016-11-25Intraday Cycle Projection (GBPUSD) 2016-04-273DP Odds Table (GBPUSD) 2018-07-06Hot n Cold (GBPUSD) 2022-6-17Dow 30 Aug 24 to Aug 28 OutlookPrecog Vision – Forex 2014-1-29Precog Vision – Forex 2015-5-27AUDUSD Feb 07 to Feb 11 Outlook
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GBPUSD Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Lifted higher to resistance before the test of Y-1, giving it enough fuel to break below Y-1 for 100% absolute range expansion before stopping. Closed the week at Y-1.
Outlook
Y-1 turning into resistance will send the pair lower to Y-2.
Breaking above can send it up to Y-0 quickly.
The more interesting scenario is a double bottom at B-1 and then breaking above Y-0, that will confirm an important bottom is in with target of at least B+2.
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