Trading Edges That Last
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Lawrence's Comment Recap Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback ...READ MORELawrence's Comment Recap A wild turnaround Monday followed by total collapse Tuesday. Tagged Y-2 as expected. Then fighted to stay within 100% absolute range expansion and above 1400 multiple times. ...READ MORES&P 500 Mar 21 to Mar 25 OutlookEURUSD Apr 02 to Apr 06 Outlook3DP Odds Table (GBPUSD) 2021-06-28AUDUSD Mar 18 to Mar 22 OutlookUSDCAD Nov 21 to Nov 25 OutlookUSDCAD Aug 22 to Aug 26 Outlook3DP Odds Table (GBPUSD) 2015-01-09Nasdaq 100 Aug 15 to Aug 19 Outlook3DP Odds Table (GBPUSD) 2016-08-12S&P 500 Oct 29 to Nov 02 Outlook
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GBPUSD Aug 19 to Aug 23 Outlook
Lawrence’s Comment
Got the pullback/ Yet not quite down to Y-0. Got the rally to new high, yet not quite up to the target Y+2. Behaved like a consolidation week in terms of range coverage. Closed the week above Y+1 and midpoint.
Outlook
Too weak to give us a confirmed breakout.
A break of B-0 with Y+1 acting as resistance will produce a FBO against Y+1. If that is triggered, Y-0 and Y-1 will be in play.
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