Trading Edges That Last
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Lawrence's Comment Recap Dow coiled up on Monday led to attempt to clear Y+1 but failed. Y-0 not strong enough as support, gave way to more selling down below Y-1. Friday event ...READ MORELawrence's Comment Recap Got the upside breakout. But failed to clear 16500 round number hurdle. Then bad news hit and all the stubborn longs were trapped. Flushed back down equal distance and ...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 Sell climax recorded in market breadth on Monday. Rally all the way back to our target Y+1 and exceeded that to almost reaching the 2nd target Y+2. Closed ...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 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 MOREPrecog Vision – Forex 2012-3-16Dow 30 Aug 29 to Sep 02 OutlookDow 30 Apr 28 to May 02 OutlookWeekly Cycle Projection (GBPUSD) 2021-10-113DP Odds Table (GBPUSD) 2021-02-24Precog Vision – Forex 2022-5-12Dow 30 Dec 26 to Dec 30 OutlookPrecog Vision – Forex 2015-2-13Intraday Cycle Projection (GBPUSD) 2011-06-07Precog Vision – Forex 2023-1-25
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GBPUSD Aug 10 to Aug 14 Outlook
Lawrence’s Comment
Trapped in same range as in past several weeks. Then downside breakout happened. Closed the week near Y-1 and below midpoint.
Outlook
For the breakout to continue, Y-1 must act as resistance and force cable lower quickly. FBO against Y-1 will produce a sharp squeeze higher back up to challenge Y+1.
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