Trading Edges That Last
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Lawrence's Comment Recap The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged ...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 MOREPrecog Vision – Forex 2019-1-29Intraday Cycle Projection (GBPUSD) 2020-09-04Intraday Cycle Projection (GBPUSD) 2018-09-06Weekly Cycle Projection (GBPUSD) 2011-12-263DP Odds Table (GBPUSD) 2016-09-05Precog Vision – Forex 2011-10-3Nasdaq 100 Oct 25 to Oct 29 OutlookGBPUSD Jan 05 to Jan 09 OutlookPrecog Vision – Forex 2017-12-213DP Odds Table (GBPUSD) 2015-12-03
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GBPUSD Sep 03 to Sep 07 Outlook
Lawrence’s Comment
Tried to break Y-0 twice and failed. That staged the rally to test Y+1 as expected. Closed the week below Y+1 as an inside week.
Outlook
Same as last week, if test of Y+1 / B+1 area resulting in a selloff, cable should drop down to B-2 as a minimum.
The more interesting setup is a breakout to the upside, which will push cable to the 1.60 area in one go.
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