Trading Edges That Last
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Lawrence's Comment Recap First test of Y+1 held ninja back. Y-0 acted as support on pullback. 2nd try at Y+1 cleared the resistance. Strong reaction right below 104 sending ninja back down ...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 MORELawrence's Comment Recap Sideway actions as expected. 50% range all week. Closed the week below Y-0 and midpoint. Outlook Compression gives us breakout mode. Potential slingshot move with Y-1 being retested first ...READ MOREWeekly Cycle Projection (GBPUSD) 2021-05-17Hot n Cold (GBPUSD) 2018-7-13USDJPY Dec 16 to Dec 20 OutlookHot n Cold (GBPUSD) 2016-2-19Precog Vision – Forex 2017-8-223DP Odds Table (GBPUSD) 2014-09-15Intraday Cycle Projection (GBPUSD) 2021-10-27Precog Vision – Forex 2016-10-26Weekly Cycle Projection (GBPUSD) 2014-04-07USDCAD Feb 15 to Feb 19 Outlook
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GBPUSD Dec 30 to Jan 03 Outlook
Lawrence’s Comment
Another pair that started out with a quiet week led to an explosive upside stop run. Closed the week near Y+1 and above midpoint.
Outlook
2nd time spike higher trying to clear the 1.65 area yet failed to close above the resistance level at Y+1 / 1.65. The intention is not clear at this point due to low volume.
Next week is still part of the holiday season making it not a good time to trade aggressively.
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