Trading Edges That Last
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Lawrence's Comment Recap Consolidation around previous week close. Wait and see situation due to the crisis in Ukraine has taken a turn for the worse. Gold strengthen last week played a role ...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 MORELawrence's Comment Recap Similar to NQ, ES got slammed down from its upside breakout, causing the breakout longs and pullback longs to liquidate their positions in a panic. Ended the week ...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 MOREUSDCAD Apr 28 to May 02 Outlook3DP Odds Table (GBPUSD) 2018-10-15Precog Vision – Forex 2021-12-30S&P 500 Jun 06 to Jun 10 OutlookIntraday Cycle Projection (GBPUSD) 2013-01-18Hot n Cold (GBPUSD) 2011-4-28Precog Vision – Forex 2011-5-2USDJPY Nov 11 to Nov 15 Outlook3DP Odds Table (GBPUSD) 2014-12-093DP Odds Table (GBPUSD) 2019-04-02
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GBPUSD May 13 to May 17 Outlook
Lawrence’s Comment
Got the bearish action I was looking for right from the start of the week. Took 2 tries though before cable breaks its support. Dropped to Y-3 by end of the week. Closed the week above Y-3 and below midpoint.
Outlook
Rejected B+1 / Y+1 with a slightly lower high. Will be difficult for cable to go back above B-0 for some time. Consolidation around or below B-1 with downside bias towards tagging at least Y-4.
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