Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Flush to Y-2 right off the start of the week and produced a double bottom. Zoomed to Y+1 from a gap up above B-0 as expected. 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 MOREIntraday Cycle Projection (GBPUSD) 2017-07-03Intraday Cycle Projection (GBPUSD) 2015-12-11Precog Vision – Forex 2017-1-20Precog Vision – Forex 2016-7-6GBPUSD Jul 17 to Jul 21 OutlookNasdaq 100 Apr 30 to May 04 Outlook3DP Odds Table (GBPUSD) 2016-12-30Precog Vision – Forex 2018-10-4Precog Vision – Forex 2022-10-14Intraday Cycle Projection (GBPUSD) 2023-03-01
As Featured In
GBPUSD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Was looking for a breakout and it turned into another tight range week consolidating around Y+1. Closed the week near Y+1 and at midpoint.
Outlook
Potential breakout failure in place as cable failed to close above Y+1. 4 Hour chart turning into a rising wedge / bear flag structure.
Another attempt to breakout upside like a test of B+1 that failed to go higher points to a flush back down to B-3.
That is just a bigger range consolidation within the 2 extremes defined back in end of July to beginning of August. No clear direction yet.
Share