Trading Edges That Last
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Lawrence's Comment Recap Y+1 did not act as resistance at all making the bearish scenario impossible. Continuation points to Y+2. Once it was tagged price no longer stable. Sharp pullback to Y+1 ...READ MORELawrence's Comment Recap Pure drifting weaknesses. Y-1 acted as resistance yet cable did not drop to Y-2, just drift slowly towards it. Late reversal attempt failed to push cable to ...READ MORE3DP Odds Table (EURUSD) 2018-06-26Nasdaq 100 Oct 30 to Nov 03 OutlookIntraday Cycle Projection (EURUSD) 2014-07-10Dow 30 Nov 09 to Nov 13 OutlookHot n Cold (EURUSD) 2016-12-2Intraday Cycle Projection (EURUSD) 2012-05-16GBPUSD Nov 19 to Nov 23 Outlook3DP Odds Table (EURUSD) 2011-05-23Hot n Cold (EURUSD) 2015-2-6Dow 30 May 02 to May 06 Outlook
As Featured In
EURUSD Nov 18 to Nov 22 Outlook
Lawrence’s Comment
Took a whole week of up drift to go back up to the top of the resistance zone mentioned last week. Tight range and no conviction. Closed the week above Y-0 and near week high.
Outlook
It is rare that Cable has an outside week while Euro has an inside week.
Euro failed to take out the resistance zone by end of the week points to weaknesses. Inside week setup gives us a breakout play favouring the down side.
Potential whiplash action at Y+1 and Y-1 whichever tag first.
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