Trading Edges That Last
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Lawrence's Comment Recap 2nd tight range week in a row waiting for the Greece / EU decision on Friday and over the weekend. Closed the week above Y-0 and near midpoint. ...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 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 Gapped down to Y-1, fulfilled the projection of tagging either extreme of last week. Once the open range (range of Monday) was establsihed for the week, however, NQ ...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 MORE3DP Odds Table (GBPUSD) 2022-03-15EURUSD Feb 23 to Feb 27 OutlookPrecog Vision – Forex 2015-2-26Precog Vision – Forex 2020-10-21Nasdaq 100 May 30 to Jun 03 OutlookIntraday Cycle Projection (GBPUSD) 2012-07-06GBPUSD Jul 18 to Jul 22 OutlookIntraday Cycle Projection (GBPUSD) 2013-09-13Precog Vision – Forex 2021-3-103DP Odds Table (GBPUSD) 2021-06-23
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GBPUSD Jan 02 to Jan 06 Outlook
Lawrence’s Comment
The weaknesses observed last week played out well and cable dropped below target Y-1. After 100% absolute range expansion is completed, cable bounced off and closed the week at midpoint.
Outlook
Price action is bearish. B-0 is now the critical point.
If cable managed to stage a buy setup off this level, it can pop back up to B+1 and Y+1 easily.
If a sell setup is formed off B-0, we get much lower prices.
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