Trading Edges That Last
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Recap of Last Week Topped at the yellow zone and sold off. Downside target where the obvious gap zone is was tagged and in turn produced a powerful squeeze ...READ MORELawrence's Comment Recap Pullback to near Y-0 as expected. Going sideway consolidation around previous week close in 50% range. Closed the week above Y-1 and near midpoint. Outlook Consolidation after wide range ...READ MORELawrence's Comment Recap Breakout to the down side. Tagged B-1 downside target. Not quite pullback. More like price shock due to the way gold moved last week. Closed the week near week ...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 MORES&P 500 Jan 24th to 28th OutlookIntraday Cycle Projection (GBPUSD) 2012-01-11USDCAD Nov 19 to Nov 23 Outlook3DP Odds Table (GBPUSD) 2018-10-23Weekly Cycle Projection (GBPUSD) 2011-06-06Nasdaq 100 May 09 to May 13 OutlookIntraday Cycle Projection (GBPUSD) 2015-11-04USDCAD Mar 18 to Mar 22 OutlookHot n Cold (GBPUSD) 2021-6-25Precog Vision – Forex 2019-5-6
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GBPUSD Jun 18 to Jun 22 Outlook
Lawrence’s Comment
Looking for a breakout and we got that at the end of the week. Ran straight to Y+2 as well. Closed at week high.
Outlook
Personally I missed the breakout as it was the end of the week and I thought there was not enough time to get the run going so I removed my swing orders. That was stupid.
Cable should have a bit more in it to get to Y+2 and higher. The main problem is that Greece election is this Sunday and can change the game completely. If there is not much swing Sunday / Monday in this pair, then I expect continuation long for this week, looking for B+2 in play.
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