Trading Edges That Last
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Lawrence's Comment Recap Attempted to hold Y-1 earlier in the week leading to a pop higher back up to Y+1. Closed the week above Y-0 and midpoint. Outlook Consolidation actions indicate indecision. ...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 MORELawrence's Comment Recap Gap up turned into breakout failure. Gave us an excuse to send NQ back down to Y-0. Tagged Y-0 and failed to push it lower since. Then ...READ MOREHot n Cold (GBPUSD) 2012-4-5Precog Vision – Forex 2015-1-15Intraday Cycle Projection (GBPUSD) 2015-07-17Weekly Cycle Projection (GBPUSD) 2016-04-18AUDUSD Jan 25 to Jan 29 OutlookUSDCAD Jan 08 to Jan 12 OutlookIntraday Cycle Projection (GBPUSD) 2018-11-22Precog Vision – Forex 2013-5-15Nasdaq 100 Jun 18 to Jun 22 OutlookIntraday Cycle Projection (GBPUSD) 2016-04-05
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GBPUSD Apr 22 to Apr 26 Outlook
Lawrence’s Comment
As expected, cable moved back down to Y-1 first. Sadly, the bounce off Y-1 failed to push cable above the week high and led to one more flush back down to week low. Closed the week at week low and below Y-1.
Outlook
A not very well formed head and shoulder is in place visible in 4-hour chart. A break below B-1 with that turning into resistance points to a drop to at least B-3.
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