Trading Edges That Last
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Lawrence's Comment Recap Got the upside breakout. But failed to clear 16500 round number hurdle. Then bad news hit and all the stubborn longs were trapped. Flushed back down equal distance and ...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 MORERecap of last week Tested resistance level (yellow zone) and then slide down to 50% of the week before. Congestion was expected due to huge directional swings over the ...READ MOREPrecog Vision – Forex 2023-3-153DP Odds Table (GBPUSD) 2020-04-223DP Odds Table (GBPUSD) 2021-12-283DP Odds Table (GBPUSD) 2017-02-16Intraday Cycle Projection (GBPUSD) 2015-03-02Hot n Cold (GBPUSD) 2012-5-17Dow 30 Apr 28 to May 02 OutlookPrecog Vision – Forex 2017-8-9EURUSD Week of Dec 13th to Dec 17thDow 30 Apr 26 to Apr 30 Outlook
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GBPUSD Jun 03 to Jun 07 Outlook
Lawrence’s Comment
As expected, breaching Y-1 induced buying enough to take out Y-0 quickly. That was the easy part. But then cable failed to push beyond the double bottom target visible on 4 hours. Closed the week above Y-0 and midpoint.
Outlook
As long as B-0 acting as support, we have a potential double bottom reversal from 4 hours that gives us a move upto B+2 area. If cable failed to clear Y+1 on 1st test from below, a retest of B-1 will be in play.
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