Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap As expected, ninja retested Y-1. Yet, it failed to hold above Y+1 as support, leading to retest of Y-0 / previous week close. Consolidated since. Closed the week below ...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 MORELawrence's Comment Recap Breakout mode triggered to the downside. Y-3 tagged quickly and extended to Y-4 (also first week of month midpoint) before a bounce. Closed the week above midpoint. Outlook The ...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 MORE3DP Odds Table (GBPUSD) 2012-12-26Intraday Cycle Projection (GBPUSD) 2016-03-31USDJPY Sep 16 to Sep 20 OutlookIntraday Cycle Projection (GBPUSD) 2018-02-22GBPUSD Dec 25 to Dec 29 OutlookPrecog Vision – Forex 2017-5-2Precog Vision – Forex 2020-5-26S&P 500 Feb 28 to Mar 04 OutlookPrecog Vision – Forex 2017-9-153DP Odds Table (GBPUSD) 2021-05-24
As Featured In
GBPUSD Nov 26 to Nov 30 Outlook
Lawrence’s Comment
Got the breakout to the upside early in the week and the spike low in the middle of the week never breached Y-0. The nice surprise is that by end of week the upside breakout tagged Y+4 as oppose to stopping at Y+3. Closed the week near week high and above Y+3.
Outlook
The final breakout at the end of the week is pure stop run during the holiday period. It is not sustainable and B-0 is likely to be tested quickly.
Until B-0 is proven support, cable may have to retest B-1 or even Y-1 first before going higher.
Share