Trading Edges That Last
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Lawrence's Comment Recap Easy one of the week. Beautiful bull flag / channel break as expected. Went straight for November high. Closed the week above Y+1 and near week high. Outlook Wide ...READ MORELawrence's Comment Recap Amazing strength continues in NQ early in the week as it marches up within the thin up channel. Then NQ broke below the channel support and triggered downside target ...READ MORELawrence's Comment Recap No spike lower in the beginning of the week so we did not get a reversal. The normal scenario of consolidation around B-1 happened. No surprise unlike the wild ...READ MORELawrence's Comment Recap Right after the announcement of a solution to their crisis, a new one pops up from Greece caused euro to erase all its gain from the week prior. ...READ MORELawrence's Comment Recap NQ had a 100 points upside breakout last week. Unlike Dow or ES, NQ continues to drift higher early in the week and then leading to the upside even ...READ MOREIntraday Cycle Projection (GBPUSD) 2016-12-12Precog Vision – Forex 2016-12-8USDCAD Dec 01 to Dec 05 OutlookNasdaq 100 May 27 to May 31 Outlook3DP Odds Table (GBPUSD) 2012-06-18Intraday Cycle Projection (GBPUSD) 2021-03-02AUDUSD May 27 to May 31 OutlookEURUSD Nov 07 to Nov 11 OutlookNasdaq 100 May 06 to May 10 OutlookIntraday Cycle Projection (GBPUSD) 2013-07-10
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GBPUSD Apr 09 to Apr 13 Outlook
Lawrence’s Comment
W. upthrust against Y+1 in beginning of the week set up the pair for a drop to Y-1. Tagged Y-1 and bounced. closed the week near Y-1.
Outlook
The door has opened to the downside. As mentioned last week, Y-2 would be in play once Y-0 failed to act as support. Y-2 in play next week.
Upside potential is very limited unless 1.60 failed to act as resistance.
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