Trading Edges That Last
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Recap of past week 1-2-3 buy off the previous low (the yellow zone) made a good run but failed to take out the previous week high, resulting in a ...READ MORELawrence's Comment Recap Gap up and traded above Y+1 has turned into a false breakout. That set the stage for a selloff to Y-1. Yet right before Y-1 was tagged, ...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 MOREPrecog Vision – Forex 2013-9-19Intraday Cycle Projection (GBPUSD) 2012-01-19USDJPY Week of Nov 1 – 5 OutlookIntraday Cycle Projection (GBPUSD) 2022-08-31Dow 30 Jun 04 to Jun 08 Outlook3DP Odds Table (GBPUSD) 2020-07-24Precog Vision – Forex 2014-3-14Intraday Cycle Projection (GBPUSD) 2012-08-27Weekly Cycle Projection (GBPUSD) 2013-10-14EURUSD Oct 31 to Nov 04 Outlook
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GBPUSD Dec 16 to Dec 20 Outlook
Lawrence’s Comment
Test of Y+1 failed, giving us Y-1 downside target. Reacted to Y-0 but failed to go higher. Y-1 downside target tagged by the end of the week. Closed the week near Y-1 and below midpoint.
Outlook
Outside reversal week with close below Y-1 is a very strong reversal pattern. More downside expected. B-2 / Y-3 in play as long as B-0 continue to act as resistance.
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