Trading Edges That Last
- You May Also LikeFor 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 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 MORE
Lawrence's Comment Recap Y-1 tagged early in the week as expected. The sharp reversal scenario happened to Cable instead of Euro. Nonetheless, Euro closed at the high of the week tagging ...READ MOREIntraday Cycle Projection (GBPUSD) 2017-11-15Intraday Cycle Projection (GBPUSD) 2015-06-25Precog Vision – Forex 2022-3-30Precog Vision – Forex 2015-11-5EURUSD May 30 to Jun 03 OutlookS&P 500 Dec 27 to Dec 31 Outlook3DP Odds Table (GBPUSD) 2017-06-12Intraday Cycle Projection (GBPUSD) 2013-03-21AUDUSD Apr 04 to Apr 08 OutlookHot n Cold (GBPUSD) 2017-3-3
As Featured In
GBPUSD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Sell formation not materialized. Breach of Y+1 earlier in the week points to breakout target of Y+2 and Y+3. That worked out well and closed the week at Y+3 area.
Outlook
Sudden reversal always trap the players on the other side of the move making it more powerful. A pullback to B-0 should not happen if the pair wants to continue its run to Y+4.
The interesting scenario is that B-0 tagged early in the week and Y+3 turns into resistance, we then have a w. upthrust that can send the pair back down to B-1 quickly.
Share