Trading Edges That Last
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ContentReviewEuro Trying to Break Its Weekly Down TrendS&P Near Future Is Set In StoneGold Long Term Up Cycle ResumedBitcoin Long Term Resistance In Force10-Year Note Yield a Leading SignalBig Picture ...READ MORELawrence's Comment Recap Euro rallied from our support zone as expected. It also failed to go much higher as expected too. Closed the week above Y+1. Outlook Last week Euro completed its measured ...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 MORELawrence's Comment Recap Absolutely going nowhere. February high acted as support so downside targets are not triggered. Y+1 was not breached so no upside breakout continuation trade triggered either. Closed the week ...READ MOREPrecog Vision – Forex 2015-11-5GBPUSD Aug 09 to Aug 13 OutlookPrecog Vision – Forex 2019-10-7AUDUSD Jul 20 to Jul 24 OutlookWeekly Cycle Projection (GBPUSD) 2020-11-30MBO Issue 136 (April 2023) The Boomers AreEURUSD Jul 25 to Jul 29 Outlook3DP Odds Table (GBPUSD) 2022-11-24Precog Vision – Forex 2012-10-29Nasdaq 100 Mar 18 to Mar 22 Outlook
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GBPUSD Feb 06 to Feb 10 Outlook
Lawrence’s Comment
Pullback happened, but the double top formation failed to break its neckline and turned into a classic ledge finding support at Y-0. Target Y+2 tagged by middle of the week. Closed the week above Y+1.
Outlook
Euro zone feeding news and rumors out that are not truthful but enough to create a squeeze on cable and euro dollar. That means some time in near future if the promises are not fulfilled, then we get a replay of 2011 August.
As long as B-0 acts as support cable can squeeze out one more leg up to B+2 area.
If B+1 acts as resistance, cable will drop quickly down to B-2.
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