Trading Edges That Last
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Lawrence's Comment Recap Early in the week trying to rally from Y-0 to Y+1 failed. Flushed down to Y-1 instead. FBO against Y-1 gave us the 2nd scenario from last week and ...READ MOREI have created a Canadian Dollar trading model that takes advantage of Loonie's unique statistical behaviour. The article is now available at TraderPlanet.com. You can read the full article on the ...READ MORELawrence's Comment Recap Made new high early in the week. A complex 3 push formation sent the pair lower to 50% absolute expansion and bounded from there. 1-2-3 sell off from ...READ MOREIntraday Cycle Projection (GBPUSD) 2013-02-07Precog Vision – Forex 2020-5-5Weekly Cycle Projection (GBPUSD) 2023-05-02Intraday Cycle Projection (GBPUSD) 2011-12-15Precog Vision – Forex 2019-1-17Weekly Cycle Projection (GBPUSD) 2022-03-28AUDUSD Feb 25 to Mar 01 OutlookForex Swing Bias: Loonie Counter-Trend Pinball (At TraderPlanet)EURUSD Mar 28 to Apr 01 OutlookIntraday Cycle Projection (GBPUSD) 2013-06-19
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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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