Trading Edges That Last
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Lawrence's Comment Recap NQ went sideway with 3 pushes up in the beginning of the week. Before FOMC it started its normal move following 3 pushes up targeting week low and Y-1. ...READ MOREHot n Cold (GBPUSD) 2023-1-6Dow 30 Apr 10 to Apr 14 OutlookUSDJPY Aug 09 to Aug 13 OutlookPrecog Vision – Forex 2017-2-17Precog Vision – Forex 2011-3-23Precog Vision – Forex 2012-7-30Intraday Cycle Projection (GBPUSD) 2015-07-293DP Odds Table (GBPUSD) 2013-09-09Precog Vision – Forex 2016-1-6Nasdaq 100 Jun 23 to Jun 27 Outlook
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GBPUSD Feb 18 to Feb 22 Outlook
Lawrence’s Comment
Cable simply flushed from the start of the week and breached Y-1 in 1 go. That set up the pair to drop down to Y-2 and below. Cable resumed its selloff right after a shallow pullback. Closed the week near week low and below Y-2.
Outlook
The last part of the sell off in last week has been grinding lower with difficulties. Hence we are looking at a short term oversold condition where not too many size players are looking for more downside. This stages a strong rally once we get a long setup off B-1.
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