Trading Edges That Last
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Lawrence's Comment Recap Got the pullback as expected. Found support at Y-0. Closed the week above Y-0. Outlook As long as B-1 acting as support, a retest of B+1 / Y+1 is ...READ MORELawrence's Comment Recap As expected ES dropped down to the Y-2 and Y-3 area and fighted hard to hold up. Y-0 acting as resistance forced a retest of week low made on ...READ MORELawrence's Comment Recap Failed to push above bear flag resistance. Bear flag support broken later in the week leading to all out flush down to Y-1. Closed the week below ...READ MORE3DP Odds Table (GBPUSD) 2015-02-053DP Odds Table (GBPUSD) 2013-12-10Dow 30 May 01 to May 05 Outlook3DP Odds Table (GBPUSD) 2016-04-06S&P 500 Nov 06 to Nov 10 OutlookEURUSD Sep 24 to Sep 28 OutlookIntraday Cycle Projection (GBPUSD) 2016-02-04S&P 500 Oct 07 to Oct 11 OutlookIntraday Cycle Projection (GBPUSD) 2020-10-23USDCAD Oct 08 to Oct 12 Outlook
As Featured In
GBPUSD Week of Nov 29th to Dec 3rd Outlook
Recap of last week
Picture perfect test of yellow zone and failed. Red zone tagged the very last day of the week. Closed the week at the low.
Next week outlook
2 extremely different outlooks for cable.
If early in the week GBPUSD bounce back up and that yellow zone turns into support, we have a wyckoff spring against previous month low. That will lift it up to the green zone and then October high quickly.
If yellow zone turns into resistance early in the week, monthly downside range expansion in play. The 50% target at 1.540 – 1.545 (red zone) will be in play. This zone is the top of a much wider price zone that includes previous quarter midpoint, September month low. How GBPUSD reacts to this price zone will dictate the direction in the coming month.
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