Trading Edges That Last
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GBPUSD Apr 16 to Apr 20 Outlook
Lawrence’s Comment
A very funny week across all major pairs including this pair. The drift up early in the week is the classic 3 Pushes Up move to tag the 2nd peak. Once that is completed, a sharp selloff was resulted. Closed the week below midpoint and near week low.
Outlook
Tagging B-2 will complete the downside target of the price pattern.
How Pound reacts there will determine if the daily uptrend is over.
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