Trading Edges That Last
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Lawrence's Comment Recap As explained last week, gold will play an important role. As gold rallied last week, this pair went thru wild take down until Y-2 was tagged. Closed the week ...READ MORELawrence's Comment Recap As expected drift up to B+2 and stalled from there. Closed the week below midpoint. Outlook Retest of Y+1 to B-1 should be the first move in the agenda. There ...READ MORELawrence's Comment Recap Y-1 breached at the start of the week and never get the chance to turn into resistance. Just like Dow, that provided enough fuel to boost ES ...READ MORELawrence's Comment Recap No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the ...READ MORE3DP Odds Table (GBPUSD) 2018-10-043DP Odds Table (GBPUSD) 2022-08-17USDCAD Aug 17 to Aug 21 OutlookIntraday Cycle Projection (GBPUSD) 2017-08-22AUDUSD Sep 05 to Sep 09 OutlookS&P 500 Feb 06 to Feb 10 OutlookS&P 500 Jan 27 to Jan 31 OutlookIntraday Cycle Projection (GBPUSD) 2021-04-14USDJPY Sep 15 to Sep 19 Outlook3DP Odds Table (GBPUSD) 2017-07-24
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GBPUSD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Weak pullback not even touching Y-0 ended with another drop to Y-1. Eventually Y-1 was cleared giving us equal distance from previous week close. Closed the week below Y-1 and at week low.
Outlook
Consolidation action with weak close is bearish. More down side is expected. A quick flush to B-2 early next week can produce a temporary support for a bounce back up to B+1 / Y-0.
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