Trading Edges That Last
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Lawrence's Comment Recap Euro blasted through 1.14 level and triggered a squeeze. 1.17 monthly resistance was tagged and rejected. Euro then fall straight back down to Y+1. Y+2 resistance gave us a ...READ MORELawrence's Comment Recap Y-0 resistance gave us test of Y-1 and it was cleared with the added bonus of clearing the support trend line formed over the past 2 weeks. Normal target ...READ MOREPrecog Vision – Forex 2015-9-28Precog Vision – Forex 2021-7-20Precog Vision – Forex 2021-12-213DP Odds Table (GBPUSD) 2015-05-153DP Odds Table (GBPUSD) 2020-04-13EURUSD Aug 31 to Sep 04 OutlookIntraday Cycle Projection (GBPUSD) 2022-08-31USDJPY Jun 30 to Jul 04 Outlook3DP Odds Table (GBPUSD) 2018-05-25AUDUSD Jun 19 to Jun 23 Outlook
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GBPUSD Apr 27 to May 01 Outlook
Lawrence’s Comment
Was expecting consolidation actions and cable did in the first half of the week. Then everything changed as the test of Y+1 did not produce a quick drop and instead turning 4 hours into a bull flag and led to a breakout to the upside. Closed the week above Y+1 and near week high.
Outlook
The outside reversal from the week before last continue to trap more shorts along the way. This probably gives cable enough fuel for Y+2 / B+2 zone. The big question is whether that’s all cable gets on its weekly level pullback against the dominating down trend.
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