Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Tight range sideway market. Made new low by end of the week. Closed the week above Y-1. Outlook As expected we got more weaknesses in ninja but there was ...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 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 Tight range. No news. No move. Closed the week at midpoint and Y-0. Outlook Breakout mode. Original trend entering the consolidation was up. So, upside breakout has a slight ...READ MOREUSDJPY Sep 03 to Sep 07 Outlook3DP Odds Table (GBPUSD) 2013-07-23Precog Vision – Forex 2020-6-83DP Odds Table (GBPUSD) 2019-10-07Precog Vision – Forex 2020-11-24EURUSD Feb 27 to Mar 03 OutlookPrecog Vision – Forex 2011-3-20EURUSD Dec 31 to Jan 04 OutlookHot n Cold (GBPUSD) 2012-7-5Intraday Cycle Projection (GBPUSD) 2014-09-02
As Featured In
GBPUSD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Was looking for a breakout and it turned into another tight range week consolidating around Y+1. Closed the week near Y+1 and at midpoint.
Outlook
Potential breakout failure in place as cable failed to close above Y+1. 4 Hour chart turning into a rising wedge / bear flag structure.
Another attempt to breakout upside like a test of B+1 that failed to go higher points to a flush back down to B-3.
That is just a bigger range consolidation within the 2 extremes defined back in end of July to beginning of August. No clear direction yet.
Share