Trading Edges That Last
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Lawrence's Comment Recap Y-1 never touched resulting in a 1-2-3 buy on 4 hour to go higher. Y+2 tagged before rsistance is found. Closed the week below midpoint and Y+1. Outlook Potential weekly FBO. ...READ MORELawrence's Comment Recap Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and ...READ MORELawrence's Comment Recap ES is not as bullish as Dow but not as weak as NQ either. As mentioned last week, once ES getting close to one side of the ...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 MOREIntraday Cycle Projection (GBPUSD) 2019-05-08Nasdaq 100 Aug 06 to Aug 10 Outlook3DP Odds Table (GBPUSD) 2016-09-27USDCAD Oct 14 to Oct 18 OutlookNasdaq 100 Feb 03 to Feb 07 OutlookDow 30 Apr 18 to Apr 22 OutlookS&P 500 Nov 14 to Nov 18 OutlookWeekly Cycle Projection (GBPUSD) 2018-07-09Precog Vision – Forex 2021-7-193DP Odds Table (GBPUSD) 2019-05-06
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GBPUSD Dec 05 to Dec 09 Outlook
Lawrence’s Comment
Intervention by the governments over the weekend disrupted the down trend and induced a short term short covering rally. Rally stalled at Y+1 and closed the week around Y-0 and midpoint of the week.
Outlook
Whatever the governments chose to do they better have a long term plan of more market shocking announcements pre-scheduled in the coming weeks. Otherwise, a retest of Y-1 and continuation of the downtrend is more likely.
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