Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap US dollar crushed Loonie last week. Instead of pulling back to Y-2 to Y-3 first for a proper bottom, Y-0 acted as support and forced a powerful squeeze to ...READ MORELawrence's Comment Recap Everything changed over the weekend in Europe. Cable found support at Y-1 and forced a test of Y-0. That in turn provided fuel for cable to clear Y-0 gunning ...READ MORELawrence's Comment Recap The overall bullish bias is correct that Dow keep trying to push higher. The problem with that, however, is the lack of volume making it difficult to clear the ...READ MORES&P 500 Sep 19 to Sep 23 OutlookUSDCAD Aug 26 to Aug 30 OutlookIntraday Cycle Projection (GBPUSD) 2017-07-25GBPUSD Apr 20 to Apr 24 OutlookWeekly Cycle Projection (GBPUSD) 2022-04-253DP Odds Table (GBPUSD) 2016-12-09Dow 30 Apr 01 to Apr 05 OutlookHot n Cold (GBPUSD) 2014-10-10GBPUSD Jul 10 to Jul 14 OutlookIntraday Cycle Projection (GBPUSD) 2014-11-26
As Featured In
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.
Share