Trading Edges That Last
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Last Week Recap Holding above prior week midpoint led to an explosive jump to prior week high. 3 distinct pushes visible on 30-min and hourly ended with a break ...READ MORENasdaq 100 Nov 09 to Nov 13 OutlookNasdaq 100 Apr 03 to Apr 07 Outlook3DP Odds Table (GBPUSD) 2013-10-08EURUSD Feb 21 to Feb 25 OutlookAUDUSD Nov 25 to Nov 29 OutlookIntraday Cycle Projection (GBPUSD) 2011-07-11Precog Vision – Forex 2013-6-26S&P 500 Jan 31th to Feb 4th Outlook3DP Odds Table (GBPUSD) 2012-02-08Intraday Cycle Projection (GBPUSD) 2017-05-31
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GBPUSD Apr 20 to Apr 24 Outlook
Lawrence’s Comment
Everything changed over the weekend in Europe. Cable found support at Y-1 and forced a test of Y-0. That in turn provided fuel for cable to clear Y-0 gunning for Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Outside week reversal against the just established down trend indicates many people are caught on the wrong side of the market. Now Y-0 / B-0 strong support with this week consolidation at 50% week range likely.
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