Trading Edges That Last
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Lawrence's Comment Recap Consolidation actions within Y+1 and Y-0 as expected until FOMC announcement. Breakout to the upside and filled the open gap above. Closed the week above Y+1 and near week ...READ MORELawrence's Comment Recap Just like the other indices, NQ has pulled full one of its strongest rallies in recent years. But there was no wild swings at all. It like ...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) 2012-06-253DP Odds Table (GBPUSD) 2012-05-01Precog Vision – Forex 2016-3-31Precog Vision – Forex 2013-3-21Hot n Cold (GBPUSD) 2015-10-23DP Odds Table (GBPUSD) 2022-09-05Dow 30 Feb 01 to Feb 05 OutlookNasdaq 100 Jul 04 to Jul 08 OutlookPrecog Vision – Forex 2013-4-22Intraday Cycle Projection (GBPUSD) 2020-09-11
As Featured In
GBPUSD Dec 24 to Dec 28 Outlook
Lawrence’s Comment
Cable continued matching upward and cleared Y+2. It did not stop until 1.63 was tagged. 1-2-3 sell pushed it back down to the low of the week. Closed the week near week low and below Y+1.
Outlook
Cable failed to hold its 4 hour up trend line support. As long as Y-0 (1.61) area is acting as support, looking for retest at B-0.
If cable fails to clear B-0 from below, we have a short term top in place that can last a few weeks.
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